ITC PROPERTIES (00199) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$7.042 million, a decrease of 27.38% year-on-year. Shareholders' attributable loss stood at HK$121 million, narrowing by 76.07% compared to the same period last year, with a basic loss per share of HK$0.13.
The company attributed the loss primarily to continued property valuation declines amid a sluggish real estate market, particularly in commercial properties. However, the loss was significantly lower than the previous year due to the absence of impairment losses on property inventories recognized as cost of sales during the period. Additionally, the fair value decrease of the group's investment properties amounted to HK$27 million (September 30, 2024: HK$45 million), partially offset by a HK$71.3 million fair value loss (September 30, 2024: HK$43.9 million) from a jointly held commercial property in China.