Guangdong Land Holdings (124) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue declined 20.2% YoY to HK$5,367 million as property sale GFA fell; profit attributable to owners was HK$258 million, versus a HK$16 million loss in 9M 2025.

Financial highlights

• Revenue was HK$5,367.007 million, down 20.2% YoY; gross profit was HK$1,407.760 million, down 41.3% YoY.

• Profit attributable to owners was HK$258.188 million, compared with a HK$16.165 million loss in 9M 2025.

• Total assets were HK$30,666.373 million at 30 September 2026, down 8.6% from 31 December 2025; equity attributable to owners rose 14.3% to HK$3,484.723 million.

Segment performance

• Property GFA contracted was ~137,000 sq. m. in 9M 2026 versus 168,000 sq. m. in 9M 2025; delivered GFA was ~208,000 sq. m. versus 214,000 sq. m.

• Deliveries were mainly from Foshan One Mansion and Guangzhou GDH Future City; Future City had higher gross margins, but lower delivered GFA reduced property sales profit YoY.

• Zhongshan GDH City and Guangzhou GDH Future City remained on sale; Jiangmen GDH City Land No. 5 was to be developed, with expected completion in 2029.