HANISON (00896) announces annual performance with a net loss of HK$8.96 billion, a year-on-year increase of 203.25%.

HANISON (00896) announced its annual results for the year ending March 31, 2026, with revenue of HK$1.542 billion, a decrease of 22.33% year-on-year; an annual loss of HK$896 million, an increase of 203.25% year-on-year; and a loss per share of 83.5 HK cents. The announcement stated that the net loss was mainly due to the net loss from the sale of The Connaught (a hotel owned by joint ventures), as well as the net loss from the revaluation of properties owned by the group and its joint ventures, totaling approximately HK$892 million. Interest expenses of HK$43 million also contributed to the loss. These sale net losses and property revaluation net losses were mainly recognized in the current year through fair value losses on investment properties, deducting development properties for sale, impairment loss provisions for loans granted to joint ventures under expected credit loss models, and the share of joint ventures' performance.