Sino Land reports 13.3% revenue growth and a 14.2% increase in net profit attributable to shareholders for FY2025/26
- Written by Media Outreach
Awarded first pilot area in the Northern Metropolis, demonstrating the Group’s confidence in Hong Kong’s prospects
Summary of 2025/2026Annual Results- The Group's revenue for the year ended 30 June 2026 ("Financial Year") was HK$9,273 million (2024/25: HK$8,183 million), representing an increase of 13.3% year-on-year. The Group's net profit attributable to shareholders was HK$4,589 million (2024/25: HK$4,019 million).
- Stable final dividend at HK43 cents per share (2024/25: HK43 cents per share). Together with the interim dividend of HK15 cents per share, the total dividend for the Financial Year is HK58 cents per share.
- Attributable segment profit from property sales for the Financial Year, including share from associates and joint ventures, was HK$1,103 million (2024/25: HK$1,021 million), representing an increase of 8.0% year-on-year.
- Total contracted sales in Hong Kong, including projects managed by our joint venture partners, exceeded 3,500 units during the Financial Year, generating HK$12.1 billion in attributable sales proceeds. The recent positive sales momentum was driven by the well-received launches of Grand Mayfair III, ONE PARK PLACE and La Mirabelle I.
- During the Financial Year, the Group acquired three sites in Jordan Valley, Tuen Mun, and Kam Sheung Road Station, demonstrating our confidence in Hong Kong's long-term prospects and our disciplined and strategic approach to land bank replenishment.
- Subsequent to the Financial Year, the Group, together with its cross-sector joint venture partners, was awarded the development project for the first pilot area within the Hung Shui Kiu/Ha Tsuen New Development Area (the 'HSK Pilot Area') in the North Metropolis. This demonstrates our confidence in Hong Kong and aligns with the strategic directions of the National 15th Five-Year Plan, which states the accelerated development of the Northern Metropolis as a key priority of Hong Kong's future growth engine. It is believed that the cross-sector collaboration will bring together diverse expertise and contribute to the region's innovation and technology development.
Hung Shui Kiu Ha Tsuen New Development Area first 'large-scale land disposal' project
After taking into account the revaluation loss (net of deferred taxation) on investment properties of HK$192 million (2024/25: revaluation loss of HK$1,084 million), which is a non-cash item, the Group reported a net profit attributable to shareholders of HK$4,589 million for the Financial Year (2024/25: HK$4,019 million). Earnings per share for the Financial Year was HK$0.49 (2024/25: HK$0.45). Property Sales –Robust sales momentum drives strong segment growth Attributable segment profit from property sales for the Financial Year, including share from associates and joint ventures, was HK$1,103 million (2024/25: HK$1,021 million), representing an increase of 8.0% year-on-year. Market sentiment gained further traction in the first half of 2026, buoyed by supportive policies, an active financial market, and sustained inflows of talent and overseas students, collectively underpinning housing demand. The Group won three land tenders during the Financial Year, namely New Kowloon Inland Lot No. 6674 in Jordan Valley, Tuen Mun Town Lot No. 569 in Tuen Mun, and the Kam Sheung Road Station Phase Two Property Development in Yuen Long. The Kam Sheung Road Station Phase Two project represents a major milestone in expanding our footprint in the Northern Metropolis. These strategic investments reflect our disciplined, selective approach to land acquisition, prioritising projects that offer good development value and sustainable returns while maintaining financial prudence. As at 30 June 2026, the Group had over HK$6.6 billion in attributable contracted sales from projects already launched and sold but not recognised. Subsequent to the Financial Year, the Group launched selected units of La Mirabelle II in Tseung Kwan O, which received an encouraging market response. Together with La Mirabelle I, the two projects have recorded sales of over 1,060 units, reflecting healthy end-user demand and demonstrating market confidence in the quality and appeal of the Group's residential developments. Looking ahead, the Group has one new residential project scheduled for launch, namely the Wing Kwong Street/Sung On Street Development project. The launch timetable will be subject to the receipt of the relevant pre-sale consent and...