Pacific Century Premium Developments (432) investor relations material

Executive summary

• Consolidated revenue for the six months ended June 30, 2026, decreased by 7% year-over-year to HK$593 million, mainly due to the absence of a major property sale in the prior year.

• Net loss attributable to equity holders was HK$189 million, an improvement from a HK$249 million loss in the prior year, aided by a gain on disposal of a subsidiary.

• Basic loss per share was 9.28 Hong Kong cents, compared to 12.23 Hong Kong cents in the previous year.

• No interim dividend was declared for the period.

Financial highlights

• Gross profit was HK$381 million, down 10% from HK$425 million year-over-year; gross margin was 64% versus 67% last year.

• General and administrative expenses remained flat at HK$337 million.

• Finance costs increased to HK$225 million from HK$211 million, reflecting higher interest rates.

• Cash generated from operating activities was HK$1,820 million, compared to cash used of HK$61 million in the prior year.

Outlook and guidance

• The global environment remains uncertain due to geopolitical tensions, inflation, and monetary policy concerns.

• Core Asian markets, especially tourism in Japan and Thailand, remained resilient; Hong Kong property sentiment improved.

• The group remains cautiously optimistic about long-term prospects in Hong Kong, Japan, and Thailand, focusing on value creation and growth opportunities.