Pacific Century Premium Developments (432) H2 2025 earnings summary

Executive summary

• Consolidated revenue from continuing operations rose 51% year-over-year to HK$1,046 million, driven by strong performance in Japan's hotel and recreational segments.

• Net loss attributable to equity holders narrowed to HK$69 million from HK$230 million in the prior year, reflecting improved operational results.

• No final or interim dividend was declared for the year.

Financial highlights

• Gross profit increased 75% to HK$738 million, with gross margin improving to 71% from 61% year-over-year.

• General and administrative expenses rose 13% to HK$640 million, mainly due to new project promotions and depreciation.

• Finance costs increased to HK$296 million, primarily due to exchange losses on guaranteed notes.

• Basic loss per share from continuing operations was 8.88 HK cents, compared to 11.92 HK cents in 2024.

Outlook and guidance

• The company expects the global economic environment to remain complex, but sees Asia Pacific as a growth driver.

• Focus will be on enhancing performance in Japan and Thailand, with continued marketing and partnership efforts.

• Cautiously optimistic about long-term prospects in Hong Kong, Japan, Thailand, and Indonesia.