Sino Land (83) released its interim results for the six months ended 31 December 2025. The company reported an unaudited underlying profit of HK$2.22 billion, compared with HK$2.24 billion in the previous year. Underlying earnings per share were HK$0.24. Accounting for net revaluation losses on investment properties, net profit attributable to shareholders stood at HK$1.53 billion, down from HK$1.82 billion the previous year, with reported earnings per share at HK$0.17.

The Board declared an interim dividend of HK15 cents per share, payable on 23 April 2026, matching the prior-year interim distribution. Shareholders are offered the option to receive all or part of this dividend in new shares instead of cash.

Property sales revenue, including contributions from associates and joint ventures, reached HK$6.91 billion, up from HK$2.45 billion last year. This primarily reflected recognized sales of projects completed during the 2024/2025 financial year and remaining inventory from previous developments. Rental operations recorded attributable gross rental revenue of HK$1.71 billion, a slight dip compared with HK$1.75 billion previously, primarily attributed to a softer retail environment earlier in 2025.

Hotel operations, including share from associates and joint ventures, generated revenue of HK$822 million, up from HK$794 million last year, with operating profit rising to HK$289 million. Visitor arrivals continued to rebound, contributing positively to Hong Kong’s tourism sector.

As of 31 December 2025, Sino Land (83) reported a land bank of approximately 18.80 million square feet across Hong Kong, Chinese Mainland, Singapore, and Sydney. Two additional sites were acquired from the HKSAR Government: one in Tuen Mun (282,102 square feet) and another in Jordan Valley (315,379 square feet attributable).

The financial position remained solid, with HK$53.20 billion in cash and bank deposits and HK$1.80 billion in total borrowings, resulting in a net cash position of HK$51.40 billion. Total assets reached HK$186.56 billion, and shareholders’ funds stood at HK$170.50 billion, translating to a net book value of HK$17.98 per share.

In the outlook, management noted improved sentiment driven by the Federal Reserve’s interest rate cuts since September, ongoing talent admission schemes, and supportive real estate measures in Hong Kong. The 15th Five-Year Plan of China continues to position Hong Kong for sustained development in technology and finance. Despite external headwinds, the company intends to remain attentive to market dynamics, leveraging its financial strength to pursue future opportunities.