Kowloon Development (00034) releases annual performance, with a net profit attributable to shareholders of HK$131 million, a year-on-year increase of 12.89%.

Kowloon Developments (00034) announced its annual performance for the year ended December 31, 2025. The Group achieved a revenue of HK$4.953 billion, a decrease of 8.1% year-on-year; profit attributable to equity holders was HK$131 million, an increase of 12.89% year-on-year; earnings per share was HK$0.1, and a final dividend of HK$0.14 per share is proposed. Entering 2026, the Group continues to advance the superstructure works of the development project on Castle Peak Road in Sham Tseng, with a construction area of over 2,000,000 square feet, which is one of the Group's strategically significant core development focuses. The project enjoys a prime location, with direct access to MTR Rainbow Station and connecting to the Rainbow East Station of the East Kowloon Smart Green Transport System approved by the government in August 2025. Once completed, the project will become a core transportation hub where East Kowloon's dual-track intersection converges, attracting a large volume of transfer passengers. This not only makes the project a landmark new supply in the area but also directly benefits from the business opportunities brought by the improved transportation network. The project is currently planned to be completed in phases, with the aim of completion by the first half of 2027.