Kowloon Development Co: 2025 basic net profit increased by 5% to HKD 2.13 per share.

Kowloon Development announced that the basic net profit for 2025 increased by 5% to HK$2.13 per share. The second interim dividend increased by 10% to HK$0.66 per share. Net debt decreased by HK$2.2 billion to HK$32 billion; the debt ratio is 17.2%. The interest savings in 2025 offset the slight decline in income and operating profit. The overall rental occupancy rate of the investment property portfolio is 92%. Net asset value decreased by 3% to HK$59.85 per share.