HYSAN DEV (00014) announced its financial results for the year ending December 31, 2025. The group recorded revenue of HK$3.46 billion, representing a 1.6% increase compared to the previous year. Recurring underlying profit amounted to HK$1.92 billion, down 1.9% year-on-year, while underlying profit rose 28.3% to HK$2.51 billion. Basic earnings per share were 31 HK cents.

Revenue grew by 1.6% annually, while recurring underlying profit declined by 1.9%. The 28.3% increase in underlying profit was primarily driven by fair value gains from the sale of residential units at Bamboo Grove.

The retail business segment reported a 2.6% year-on-year increase in revenue. Rental rates upon renewal continued to rise, supported by the entry and expansion of flagship stores from luxury brands. Tenant sales in the second half of 2025 recorded double-digit year-on-year growth.

Office business revenue remained stable. Despite ongoing challenges in Hong Kong's office leasing market, the company's office occupancy rate improved from 90% to 94%, helping to mitigate the impact of declining renewal rents.

HYSAN DEV has initiated a HK$8 billion five-year capital recycling program to strengthen its financial position and enhance long-term value. As of 2025, 26% of the capital recycling target has been completed, generating HK$2.1 billion in proceeds.