Henderson Land Interim Profit Up 40.65% to HK$4.09 Billion; Dividend Held at HK$0.5

Henderson Land Development announced its interim results for the six months ended June 30. Profit attributable to shareholders reached HK$4.09 billion, up 40.65% year on year, with basic earnings per share of HK$0.84. The interim dividend was maintained at HK$0.5 per share. Underlying profit attributable to shareholders rose 66% to HK$5.071 billion, with underlying earnings per share of HK$1.05. The increase was mainly due to significantly higher profit contributions from Hong Kong property sales during the period, as well as a substantial rise in attributable gains from the government's resumption of certain land in the New Territories, both compared with the same period in 2025.

Revenue for the period reached HK$17.203 billion, up 80.1% year on year. Attributable turnover from Hong Kong property development was approximately HK$11.878 billion, surging 2.12 times year on year. Together with a pre-tax gain of approximately HK$1.568 billion from the government's resumption of New Territories land, the group's attributable pre-tax published profit from Hong Kong property development was approximately HK$3.3 billion.

For the six months ended June 30, the group's attributable contracted sales in Hong Kong totaled approximately HK$18.118 billion, up 1.88 times year on year.

Regarding urban old-building redevelopment projects, approximately 300,000 square feet of attributable floor area has been allocated to the sales plan for the second half of 2026. During the period, approximately 2.25 million square feet of attributable land held by the group in the Hung Shui Kiu/Ha Tsuen New Development Area and San Tin was gazetted by the government for resumption with cash compensation, amounting to approximately HK$2.349 billion. Excluding the above land, the group's New Territories land reserve stood at approximately 38.4 million square feet.

As of June 30, the group's net borrowing was HK$58.432 billion, with a gearing ratio of 17.9%. The group also had shareholder loans of HK$76.955 billion, which have consistently served as a stable source of funding.