HYSAN DEV's stock price plummeted 5.05% during intraday trading on Thursday, following the release of its annual financial results for the year ending December 31, 2025.

The company reported a 1.6% year-on-year increase in revenue to HK$3.46 billion. However, recurring underlying profit, a key measure of ongoing operational performance, decreased by 1.9% to HK$1.92 billion. While overall underlying profit rose 28.3% to HK$2.51 billion, this was primarily driven by one-time fair value gains from the sale of residential units, not core recurring operations.

Investors appeared to focus on the decline in recurring profit, leading to the sell-off. The company maintained its second interim dividend at HK81 cents per share and highlighted progress in its HK$8 billion capital recycling program, but this was overshadowed by concerns over the core earnings dip.