Z Fin (HKG:1168) posted a loss attributable to owners of HK$1.10 billion for 2025, compared with a profit of HK$3.97 billion a year earlier, according to a March 20 Hong Kong bourse filing.

Shares of the real estate firm were down nearly 5% in Monday morning trade.

Loss per share came in at HK$2.97, compared with earnings of HK$9.09 a year earlier.

Revenue rose 63% to HK$566 million from HK$346.3 million.