New World Development's annual profit attributable to shareholders increased to HKD 19.277 billion, with a final dividend of HKD 2.8.

As of June 30, 2025, New World Development Company announced annual revenue of HKD 79.721 billion, a year-on-year rise of 11.49%. The profit attributable to shareholders slightly increased by 1.21% to HKD 19.277 billion. Excluding the impact of fair value changes in investment properties, the underlying profit was HKD 21.855 billion, with earnings per share of HKD 6.65. The company has decided to distribute a final dividend of HKD 2.8 per share.

This year, the property sales profit reached HKD 8.29 billion, a rise from HKD 7.85 billion last year. Based on the equity interest, the total contract sales amount for the year was approximately HKD 46.6 billion. However, total rental income showed a downward trend, decreasing by 2% year-on-year to HKD 24.461 billion, while net rental income fell by 3% to HKD 18.392 billion.

I noticed that the group has four projects completing in Hong Kong this year, with a total floor area of approximately 1.7 million square feet, of which residential properties account for 1.5 million square feet, and the remaining part is reserved for long-term investment in retail space.

As this performance report is released, global markets are experiencing severe fluctuations. Today's market data shows that Bitcoin has plummeted nearly 10%, falling below $112,000; U.S. crude oil has dropped over 5% to the $57 level; and the tech stock index in the U.S. has sharply declined over 4%. These fluctuations are primarily due to the escalation of trade tensions, which may have a ripple effect on confidence in the Hong Kong real estate market.

In this global economic uncertainty, it is not easy for New World Development to maintain profit rise. However, the decline in rental income may reflect the ongoing challenges in the Hong Kong commercial real estate market, which investors should closely monitor in the future.