CENTRAL DEV H(00475) issued a profit warning, expecting the annual net loss attributable to shareholders to increase by about 25 million to about 27 million Hong Kong dollars compared to the previous year.

CENTRAL DEV H (00475) announces that it is expected to incur a net loss attributable to shareholders of approximately HK$25 million to HK$27 million for the current financial year ending on 31 March 2026. This is compared to a net loss of approximately HK$19.2 million for the previous financial year ending on 31 March 2025. The increase in net loss for the current financial year is mainly attributed to the following factors: (i) a significant decrease in fair value gain on derivative financial instruments related to convertible bonds, estimated to be approximately HK$1.6 million for the current year compared to HK$14.9 million for the previous year; (ii) a decrease in earnings from the Group's business for the current year; and (iii) a decrease in other income, including a reduction in rental income from investment properties in the current year. Some of these adverse effects are partially offset by a decrease in fair value loss on investment properties and a decrease in administrative expenses for the current year.