Hang Lung Properties' (0101) underlying net profit, excluding property revaluation gain, rose 3.5 percent to HK$3.2 billion in 2025, thanks to the reduced losses from property sales.
The developer declared a final dividend of 40 HK cents per share, bringing the full-year dividend to 52 HK cents, the same as 2024.
The company's net profit dropped by 16.1 percent yearly to HK$1.8 billion.
Its parent Hang Lung Group (0010) said the net profit fell by 15 percent to HK$1.37 billion and announced an unchanged final dividend of 65 HK cents. Its underlying net profit edged up by 3.4 percent to HK$2.4 billion.
In 2025, Hang Lung Properties' total revenue decreased 11.5 percent to HK$9.95 billion, primarily due to an 83 percent decline in property sales, which amounted to HK$264 million.
Revenue and operating profit from property leasing both dropped 1 percent to HK$9.39 million and HK$6.66 billion, respectively, primarily attributable to the persistently weak office leasing market in the Chinese Mainland and slower-than-expected economic recovery in Hong Kong.
