TOP SPRING (03688) has released its financial results for the year. The company reported revenue of approximately HKD 1.36 billion, representing a slight decrease of 0.7% compared to the previous year. The loss attributable to the company's equity shareholders and holders of perpetual convertible securities was approximately HKD 2.905 billion, a significant increase of 58.54% year-on-year. This resulted in a loss per share of HKD 1.9.

For the year, the group achieved total pre-sales of properties and parking spaces amounting to approximately HKD 670 million. Pre-sales from properties alone accounted for about HKD 668 million, with a pre-sold gross floor area of approximately 12,400 square meters. The average selling price was about HKD 53,700 per square meter. Compared to 2024, these figures represent decreases of approximately 14.3%, 12.9%, and 1.6% for pre-sales value, area, and average price, respectively.

The decline in the group's average pre-sale price for properties was primarily due to a relatively lower average selling price for property pre-sales in Mainland China during the year compared to 2024. The decrease in overall revenue was mainly attributed to a reduction in income from the group's property management and related services.