Hang Lung Properties(00012.HK) 2025 Basic Earnings of HK$6.063 Billion, Down 38% Year-on-Year

Gelonghui, March 23 — Henderson Land Development (00012.HK) announced its 2025 financial results. Annual revenue reached HKD 25.741 billion, a year-on-year increase of approximately 1.9%. Net profit was HKD 5.653 billion, down 10.2% compared to last year. The board recommends reducing the final dividend from HKD 1.3 per share to HKD 0.76 per share. The total annual dividend paid is HKD 1.26 per share, a 30% decrease from the same period last year.

The attributable profit to shareholders for the year was HKD 6.063 billion, a 38% decrease year-on-year, with basic earnings per share of HKD 1.25. The decrease in basic profit was mainly due to the previous year’s gains from the government reclaiming certain New Territories land and the disposal of the controlling interest in an investment property in North Point (i.e., “Harbour East”), which contributed approximately HKD 4.768 billion; whereas, the attributable gain from land acquisition this year was only HKD 599 million.

Last year, the group’s investment properties and development properties recorded a fair value loss of HKD 410 million after revaluation, an 88.2% decrease from HKD 3.478 billion in 2024. During the period, the group’s attributable revenue from property development in Hong Kong was approximately HKD 15.212 billion, an increase of 23% year-on-year. The attributable pre-tax profit from Hong Kong property development was about HKD 1.566 billion, a 66.3% decrease from HKD 4.647 billion in 2024, mainly due to reduced pre-tax gains from land acquisitions this year.

As of the end of December last year, the unrecognized contracted sales amounted to approximately HKD 10.926 billion. Of this, about HKD 8.846 billion is expected to be recognized upon property completion and delivery to buyers in 2026. Regarding urban renewal projects, approximately 700,000 square feet of self-occupied floor area has been allocated for sale plans in 2026.