Central Development Holdings Limited reported that, based on preliminary unaudited management accounts for the year ended 31 March 2026, it expects to post a net loss attributable to shareholders of approximately HK$25.00 million to HK$27.00 million. The projected shortfall deepens from the HK$19.20 million loss recorded in the prior fiscal year.

Management cited three principal factors behind the wider loss:

1. Fair-value changes: Gain on derivative financial instruments linked to convertible bonds is estimated at only HK$1.60 million, sharply lower than the HK$14.90 million gain booked a year earlier. 2. Revenue contraction: The Group experienced a decrease in turnover across its business segments during the current year. 3. Other income decline: Lower ancillary income, including rent from investment properties, further weighed on results.

These negative pressures were partially offset by a reduced loss on fair-value changes in investment properties and lower administrative expenses.

Despite the anticipated loss, the Board stated that the Group’s financial position remains stable, with adequate cash resources to meet present and foreseeable operational funding needs.

The audited annual results for FY-2026 are scheduled for release in late June 2026. Figures disclosed in this profit warning are based on management’s preliminary assessment and have not yet been reviewed or audited. Shareholders and potential investors are urged to exercise caution when dealing in Central Development shares.