Sino Land Company Limited (00083) released its interim results for the six months ended 31 December 2025.

Financial Highlights • Group revenue rose 34.6% year-on-year to HK$5.19 billion, driven by stronger property sales. • Underlying profit attributable to shareholders (excluding investment-property revaluations) slipped 0.9% to HK$2.22 billion; underlying EPS was HK$0.24 (2024: HK$0.26). • Net profit attributable to shareholders fell 15.8% to HK$1.53 billion; EPS was HK$0.17 (2024: HK$0.21). • Fair-value loss on investment properties widened to HK$0.68 billion after tax (2024: loss HK$0.41 billion).

Segment Performance • Property sales revenue (including associates and JVs) surged to HK$6.91 billion (2024: HK$2.45 billion), reflecting completions of Villa Garda and Grand Mayfair projects. • Attributable rental income slipped 2.3% to HK$1.71 billion; overall portfolio occupancy held at 89.5%. • Hotel revenue (including associates and JVs) increased 3.5% to HK$0.82 billion; segment operating profit rose to HK$0.29 billion (2024: HK$0.26 billion).

Dividend The board declared an interim dividend of HK$0.15 per share (unchanged). Shareholders may elect scrip; the record date is 18 March 2026 and payment/dispatch is scheduled for 23 April 2026.

Balance-Sheet Strength • Cash and bank deposits: HK$53.20 billion. • Total borrowings: HK$1.80 billion, leaving a net cash position of HK$51.40 billion; gearing remains nil. • Total assets stood at HK$186.56 billion with shareholders’ funds of HK$170.50 billion; net asset value per share was HK$17.98 (30 June 2025: HK$18.51).

Land Bank & Development • At 31 December 2025 the attributable land bank measured 18.8 million sq ft: 49.6% commercial, 25.8% residential, 10.0% industrial, 8.3% car parks and 6.3% hotels. • During the period the group secured Tuen Mun Town Lot 569 (282,102 sq ft GFA, 100% interest). • Post-period, an 85% stake in NKIL 6674, Choi Hing Road, was acquired, adding 315,379 sq ft of residential/commercial GFA.

Projects & Pipeline • Pre-sale consent obtained for La Mirabelle (Tseung Kwan O); the Wing Kwong Street/Sung On Street development (To Kwa Wan) is targeted for launch upon consent in 2026. • ONE CENTRAL PLACE (84,261 sq ft) obtained Certificate of Compliance and has been repositioned as premium serviced residences, achieving 75% occupancy since July 2025.

Governance & ESG The company retained an “AAA” MSCI ESG rating for the first time, maintained a five-star GRESB score and announced multiple local ESG awards during the period.

Outlook Management cites a recovering residential market, healthy tourist inflows, policy support and a robust net-cash balance as pillars for continued, disciplined land-bank replenishment and project launches.