Associated International Hotels Limited (Stock Code: 105) Releases 2025 Interim Results

Bulletin Express
Nov 27, 2025

Associated International Hotels Limited (Stock Code: 105) announced interim results for the six months ended 30 September 2025. Revenue stood at HK$148.2 million, compared with HK$151.7 million for the corresponding period of 2024. Profit from operations before valuation changes in investment properties reached HK$89.7 million, representing a decrease of about 7.3% over the same period last year. Valuation losses on investment properties were HK$221.3 million, compared with HK$568.8 million a year ago.

As a result, the Group recorded a net loss attributable to equity shareholders of HK$148.4 million, compared with HK$490.9 million in the previous year. The occupancy rate for the iSQUARE commercial complex was 74.8%, and rental income from iSQUARE amounted to HK$147.0 million, down by approximately 2.3% compared with the same period in 2024. Total equity stood at HK$6.93 billion, while the gearing ratio (total bank loans over total equity) was 2.9%.

The Board declared an interim dividend of HK$0.14 per share, to be paid on 8 January 2026 to shareholders whose names appear on the register of members on 18 December 2025.

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