GRAND MING (01271) releases annual performance with a net loss of 349.5 million Hong Kong dollars, a year-on-year increase of 19.67%.

GRAND MING (01271) announced its financial results for the year ended March 31, 2026, with a decrease in revenue of 24.2% to HK$868.4 million; a loss for the year of HK$349.5 million, an increase of 19.67% from the previous year; and a basic loss per share of 24.61 HK cents. The announcement stated that the decrease in revenue and gross profit was mainly due to a significant decrease in the area of residential properties delivered during the year and the expiry of a data center lease. Gross profit also decreased, attributed to an impairment of HK$45.4 million on property inventories recognized as direct costs in the year, amid an unfavorable property market in Hong Kong. The Group recorded a net loss of HK$349.5 million for the 2025/26 financial year (HK$292.1 million for 2024/25), primarily due to the significant decrease in delivered residential property areas and the expiry of a data center lease, partially offset by a decrease in sales expenses resulting from reduced property sales proceeds. Excluding fair value changes in investment properties, the Group recorded a core loss of HK$238 million for the 2025/26 financial year (HK$171.4 million for 2024/25).