Sun Hung Kai Properties reported underlying profit of HKD 12.21 billion for the six months ended 31 December 2025, an increase from HKD 10.46 billion in the same period last year. Reported profit rose to HKD 10.25 billion, compared to HKD 7.52 billion previously. The interim dividend was set at HKD 0.98 per share, representing a 3% year-on-year increase and payable on 19 March 2026.

Development property sales generated HKD 4.89 billion in profit, up from HKD 2.51 billion a year earlier. Contracted sales during the period amounted to approximately HKD 18.90 billion in attributable terms. Rental income, inclusive of contributions from joint ventures and associates, was HKD 12.29 billion, while net rental income slightly decreased to HKD 8.95 billion.

As of 31 December 2025, the company held a Hong Kong land bank of about 57.30 million square feet (attributable). Notable replenishments included winning a tender for the Tuen Mun A16 Station Package One Property Development and the completion of lease modification procedures for a residential project in Kwu Tung South, Sheung Shui.

On the Mainland, attributable land holdings amounted to 64.60 million square feet, of which 42.90 million square feet were under development. Gross rental income on the Mainland totaled RMB 2.83 billion, and completed properties spanned 21.70 million square feet, mainly serving long-term investment purposes.

The company’s net gearing ratio stood at 13.5%, supported by steady property sales and a diversified funding base. Interest coverage was 8.7 times, with an average effective borrowing rate of 3.0%. Bank deposits and cash totaled HKD 19.53 billion as of 31 December 2025.

Looking ahead, new residential projects in Hong Kong and Mainland market launches are planned over the coming months. Management also indicated that multiple large-scale developments—such as the podium mall beneath the International Gateway Centre—are underway to expand recurring income streams in key urban districts.