CSI Properties Limited (497) announced its unaudited condensed consolidated interim results for the six months ended 30 September 2025. During this period, the Group recorded revenue of HK$124.1 million, compared with HK$143.0 million in the previous interim period. The unaudited consolidated loss stood at HK$557.9 million, an improvement from the HK$914.6 million loss in the last interim period. According to the announcement, the consolidated loss mainly stemmed from non-cash write-downs of properties held for sale and impairment provisions for joint ventures and associates.
Loss attributable to owners of the Company amounted to HK$556.7 million, while loss per share was HK4.54 cents, compared with HK19.63 cents (restated) in the previous interim period. The Group disclosed that its overall financial and business positions remain healthy. It reported over HK$5 billion in attributable contracted sales commitment by the end of October 2025, aligning with its stated target of HK$9 billion in sales by March 2029.
On the capital management front, the Group completed a HK$1,992 million fundraising in April 2025, which included a HK$1,492 million rights issue and a HK$500 million 4-year senior unsecured note. In May 2025, a US$150 million 3-year guaranteed note was issued, followed by an additional US$50 million retap in September 2025. These moves helped refinance previous debt and extend the Group’s maturity profile.
In its Hong Kong commercial property portfolio, the Group recognized sales of two floors in “DL Tower” on Wellington Street and entered into contracts for other assets, including floors in “LL Tower” in Central. Residential properties also reported strong sales and presales, notably at the mass-residential project “Deep Water Pavilia” in Wong Chuk Hang, where more than 80% of units have been sold since its June 2025 launch.
In Mainland China, the luxury residential joint venture project “Knightsbridge” in Beijing sold additional units. Meanwhile, the Group’s Shanghai retail assets “In Point” and “Richgate Plaza” have recorded occupancy levels of over 90%. The securities investment segment showed a mark-to-market net loss of HK$10.5 million, with holdings comprising listed debt, listed equity, and unlisted securities totaling approximately HK$267.9 million at fair value as of 30 September 2025.
No interim dividend was recommended for the reporting period. Management expressed optimism about the outlook for the Hong Kong property market, citing positive indicators in both residential and commercial sectors as well as ongoing projects in prime locations. The high-quality development pipeline for both luxury and mass-market projects is expected to support the Group’s future revenue and cash flow generation.