Century City International (355) investor relations material

Executive summary

• Consolidated net loss attributable to shareholders was HK$135.5 million for H1 2026, a significant reduction from HK$382.7 million loss in H1 2025, driven by higher property and hotel revenues, lower finance costs, and a HK$610.1 million gain from the sale of Regal Oriental Hotel.

• Revenue for the six months ended 30 June 2026 rose 28.8% year-over-year to HK$1,527.3 million, with gross profit up 30.6% to HK$526.6 million.

• Gross profit rose to HK$526.6 million from HK$403.3 million year-over-year; operating profit before depreciation, finance costs, and tax was HK$614.0 million, compared to a loss of HK$14.5 million in H1 2025.

• The Group comprises five listed entities, with core property and hotel businesses conducted through Paliburg and its subsidiaries.

• Major gain of HK$610.1 million realized from the sale of Regal Oriental Hotel, offset by impairment losses and fair value losses on properties and financial assets.

Financial highlights

• Revenue increased to HK$1,527.3 million from HK$1,185.5 million year-over-year.

• Net cash flows from operating activities were HK$533.8 million, up from HK$162.5 million in H1 2025.

• Net borrowings decreased to HK$14,799.4 million (from HK$16,579.0 million at end-2025); gearing ratio improved to 47.7% (from 50.8%).

• Adjusted net asset value per share, if hotel properties were stated at market value, would be HK$2.70.

• Net asset value per share (book) was HK$1.55 as of 30 June 2026.

Outlook and guidance

• Hong Kong property market is stabilizing with resilient luxury segment demand; further asset disposals and deleveraging are planned.

• Regal REIT expects to achieve core operating profit in H2 2026, barring unforeseen circumstances.

• Cosmopolitan group will monitor market conditions for relaunching sales in Chengdu and Tianjin and explore en bloc disposals.

• The group aims for sustainable growth through strategic management of its five listed entities and ongoing business diversification.

• No interim dividend declared for the period.