Harbour Centre Development poses a 2.3 times net loss of $234 m

Harbour Centre Development's (0051) net loss deepened 2.3 times to HK$234 million in 2025, according to its 2025 final results.

The company said it will not declare a dividend.

Excluding its revaluation deficit on investment properties, the company's underlying net loss is HK$22 million, while it earned a HK$83 million profit in 2024.

The company's revenue dropped 1 percent year on year to HK$1.35 billion, and its hotel business revenue grew 5 percent to around HK$918 million.

In Hong Kong, the hotel business saw a 7 percent growth to HK$820 million, earning around HK12 million in operating profit, while its mainland revenue slipped 11 percent to HK$96 million, extending its operating loss to around HK$30 million.

Looking ahead, the company expects Hong Kong's tourism and consumption to sustain recovery momentum underpinned by targeted policy initiatives and favorable currency movements, as well as volume-driven growth strategies in visitor experiences.

It also expects that mainland domestic tourism will sustain its growth trajectory with rising disposable income and government-led consumption stimulus, though capacity oversupply in certain regions continues to pose structural challenges.

Gloria Leung