Century City International Holdings (355) investor relations material

Executive summary

• Consolidated loss attributable to shareholders narrowed to HK$382.7 million for the six months ended 30 June 2025, improving from HK$422.6 million in the prior year.

• Revenue declined 14.7% year-over-year to HK$1,185.5 million, with gross profit down to HK$403.3 million.

• Operating loss before depreciation, finance costs, and tax was HK$14.5 million, compared to a profit of HK$87.3 million last year.

• Hotel business performed steadily with increased income, while property segment revenue contracted due to sluggish real estate markets in Hong Kong and Mainland China.

• Depreciation charges on hotel properties (HK$335.4 million) significantly impacted reported results but not cash flow.

Financial highlights

• Revenue for the period was HK$1,185.5 million, down from HK$1,390.1 million year-over-year.

• Net loss attributable to equity holders was HK$382.7 million (2024: HK$422.6 million).

• Basic and diluted loss per share was HK(13.17) cents (2024: HK(14.44) cents).

• Net cash flows from operating activities were HK$162.5 million, up from HK$20.8 million last year.

• No interim dividend declared for the period.

Outlook and guidance

• Business outlook for Hong Kong remains challenging amid macroeconomic and geopolitical uncertainties.

• Directors expect supportive fiscal policies in China to stabilize the real estate sector.

• Strategic deleveraging and asset disposals are planned to reinforce financial strength and regain growth momentum.

• No immediate plans for major acquisitions or capital asset purchases beyond current projects.