LAI FUNG HOLDINGS (1125), together with associated companies Lai Sun Garment (International) Limited (191), Lai Sun Development Company Limited (488), and eSun Holdings Limited (571), presented its annual results for the financial year ended 31 July 2025. LAI FUNG HOLDINGS’ core operations encompass property development and investment, alongside hotel, serviced apartment, and theme park operations in mainland China.

For the 2024-2025 year, turnover was HK$1,291.3 million, marking a 41.1% decrease from the previous year. The decline stemmed from reduced property sales and fair value losses on investment properties. Rental income remained broadly stable at HK$994.8 million, while revenue from property sales dropped to HK$289.1 million. Theme park turnover stood at HK$7.4 million.

The group recorded a net loss attributable to owners of HK$419.4 million. No final dividend was declared. Total borrowings stood at HK$10,309.2 million, with a net debt of HK$8,468.3 million, resulting in a gearing ratio of about 70%. Net assets attributable to owners amounted to HK$12,029.0 million, or HK$36.34 per share, compared with HK$37.21 per share last year.

According to the report, LAI FUNG HOLDINGS is continuing its asset disposal plan to mitigate debts and enhance financial flexibility. Management remains focused on bolstering rental income from the existing portfolio while exploring strategic disposals of selected projects where appropriate. Looking forward, the group will monitor market developments and pursue a prudent strategy across its properties and recurring operations.