C C LAND (01224) announced its annual results for the period ended December 31, 2025. The group recorded revenue of HK$546 million, representing an increase of 7.5% compared to the previous year. The loss attributable to ordinary equity holders of the parent company was HK$467 million, narrowing by 24.47% year-on-year. The loss per share was HK12.02 cents.
According to the announcement, the significant reduction in the annual loss was primarily due to a shift from an exchange loss of HK$56.1 million in the prior year to an exchange gain of HK$102 million this year. Financial costs decreased by HK$95.7 million. Additionally, a reversal occurred concerning tax provisions from previous years related to UK excess taxes, leading to a tax credit of HK$52.7 million compared to a tax expense of HK$22.3 million previously.
However, these positive factors were partially offset by an increase of approximately HK$157.8 million in the share of losses from the group's investments in joint ventures and associates. This increase was mainly attributed to a decline in property sales revenue and a reduction in preferred returns from The Whiteley project.