Y.T. Realty Group Limited released its audited results for the year ended 31 December 2025, reporting a sharp swing into loss amid narrowing margins and heavier selling costs.

Revenue and gross margin • Revenue rose 11.40% year-on-year to HK$4.72 billion, entirely driven by property sales in Mainland China. • Gross profit fell 30.85% to HK$580.72 million, pulling gross margin down to 12.30% from 19.80% in 2024. • The Group recorded no rental or treasury income in 2025 (2024: HK$16.87 million).

Bottom-line performance • Loss attributable to shareholders widened to HK$343.79 million (2024: HK$3.95 million loss). • Group loss after tax totalled HK$394.25 million versus a HK$21.26 million profit in the prior year. Key drivers: – Selling and marketing expenses surged 39.46% to HK$541.01 million, reflecting expanded pre-sales activities. – Finance costs, net of capitalisation, stayed high at HK$99.53 million despite a 24.43% reduction. – Income tax expense increased 14.63% to HK$187.72 million, including HK$81.67 million land appreciation tax.

Segment highlights Property Development and Trading remained the sole revenue contributor, generating HK$4.72 billion. Contract sales reached RMB7.50 billion across five Sichuan projects, more than tripling 2024’s RMB2.28 billion.

Financial position • Cash and bank balances grew to HK$3.25 billion (2024: HK$950.91 million). • Total borrowings dropped 17.06% to HK$4.10 billion, cutting net debt to HK$850.90 million. • Gearing ratio improved to 122.70% from 394.60%. • Net assets attributable to equity holders fell 31.42% to HK$693.63 million; book value per share declined to HK$0.87 (2024: HK$1.26).

Operational metrics • Properties under development expanded 26.39% to HK$15.18 billion. • Contract liabilities (largely pre-sale proceeds) climbed 55.29% to HK$12.91 billion, underpinning near-term revenue visibility. • Headcount stood at 454 employees; staff costs increased 25.24% to HK$165.89 million.

Dividend No interim or final dividend was declared for 2025, unchanged from 2024.

Outlook cited by the Board Management expects continued policy support for Mainland China’s property market and will maintain a “prudent and proactive” approach, while monitoring opportunities in the UK and Hong Kong under a potentially lower-interest-rate environment.

Annual General Meeting The AGM is scheduled for 10 June 2026; the share register will be closed from 5 to 10 June 2026.