Paliburg (617) H2 2025 earnings summary

Executive summary

• Revenue increased by 38.9% year-over-year to HK$3,792.6 million, driven by property sales and hotel operations.

• Net loss attributable to equity holders narrowed to HK$1,157.9 million from HK$1,643.4 million year-over-year.

• Gross profit rose 23.8% to HK$1,168.5 million, reflecting improved business performance.

• Operating loss before depreciation, finance costs, and tax reduced by 57.4% to HK$160.3 million.

• No dividend was declared for the year.

Financial highlights

• Revenue: HK$3,792.6 million (2024: HK$2,731.0 million), up 38.9%.

• Gross profit: HK$1,168.5 million (2024: HK$943.7 million), up 23.8%.

• Net loss attributable to equity holders: HK$1,157.9 million (2024: HK$1,643.4 million), down 29.5%.

• Basic loss per share: HK$(1.11) (2024: HK$(1.55)), down 28.4%.

• Net assets attributable to equity holders: HK$7,424.7 million (book), HK$13,533.0 million (adjusted).

• Gearing ratio: 51.4% (2024: 50.8%).

• Net cash flows from operating activities: HK$2,026.7 million (2024: HK$362.6 million).

Outlook and guidance

• Asset disposal plans are underway to reduce indebtedness and generate capital for redeployment.

• Directors expect to navigate external challenges and regain growth in coming years.

• Anticipated accounting gain of HK$600 million in 2026 from the sale of Regal Oriental Hotel.