SWIRE PROPERTIES (01972) released its annual performance with a net profit attributable to shareholders of HK$8.62 billion, representing a 27% year-on-year increase.

SWIRE PROPERTIES (01972) announced its full-year performance for 2025, with the group achieving a revenue of HK$16.041 billion, representing a year-on-year growth of 11%. The shareholders' attributable basic profit was HK$8.62 billion, a year-on-year increase of 27%, with a basic earnings per share of HK$1.49. The group plans to distribute an interim dividend of HK$0.80 per share for 2025. The announcement stated that the shareholders' attributable basic profit increased by 27% to HK$8.62 billion in 2025, primarily reflecting the profit generated from the sale of non-core assets. The recurring basic profit for 2025 (excluding profits from spin-off transactions) was HK$6.26 billion, compared to HK$6.479 billion in 2024. The recurring basic profit from investment properties decreased, mainly due to rental losses from the sale of the Brickell City Centre in Miami, as well as a reduction in rental income from office buildings in Hong Kong. The latter was mainly caused by high vacancy rates in the Hong Kong office market for most of the year and continued pressure on rental prices due to new supply. However, signs of stabilization began to appear in the market in the fourth quarter. Despite the challenging market conditions, the group's office property portfolio remains stable. The expansion of office space by existing tenants, coupled with increased demand driven by the resurgence of the IPO market, has kept the occupancy rate steady. Two Taikoo Place and Six Taikoo Place continue to attract tenants seeking high-quality office space with excellent amenities, while the overall property portfolio maintains a strong lease renewal rate. By the end of last year, there was an improvement in the financial sector atmosphere, leading to an increase in leasing inquiries, with Taikoo Plaza benefiting from an earlier recovery trend in Central; Taikoo Place's leading position in sustainable development and outstanding community building performance continue to be widely recognized, maintaining its advantage in attracting tenants seeking high-quality office space.