Henderson Land (00012) announced interim results. Profit attributable to shareholders of HK$4.09 billion increased by 40.65% year-on-year

According to the Zhitong Finance App, Henderson Land (00012) announced its 2026 interim results. The Group achieved revenue of HK$17.203 billion, up 80.1% year on year; profit attributable to shareholders of the Company was HK$4.09 billion, up 40.65% year on year; basic profit per share was HK$0.84; and proposed interim dividend of HK$0.5 per share.

According to the announcement, the Group's share of property development in Hong Kong during the period was approximately HK$11.888 billion, a significant increase of 212% over the same period last year. During the same period, the Government took back some land in the New Territories, resulting in pre-tax revenue of approximately HK$1,568 million (2025: HK$240 million). The Group's declared pre-tax profit for property development in Hong Kong was approximately HK$3.3 billion (2025: HK$310 million).

During the period, the Group successfully grasped the opportunity to sell a number of urban projects, including Hung Hom's “First Place” and “First Bank” Phase 1, 3 and 4, Ma Tau Kok's “One Mu” Phase 2, and Phase 2B of Kai Tak's “Victoria Harbour Bay Side”. Among them, Hung Hom's “First Exchange” sold over 90% of the residential units by the half-year settlement date, and “First Bank” in the same district also sold well. A total of 468 residential units were sold out in the first three rounds of sales. Along with continuing to sell existing projects such as “Tianyu” in the western part of Banshan District, and the sale of other properties (including parking spaces), the Group's total contract sales in Hong Kong were about HK$18.118 billion in the six months ending June 30, 2026, a significant increase of 188% over the same period last year.

At the end of June 2026, the total unrecorded sales of self-accounting contracts was approximately HK$17.61 billion. Of this amount, approximately HK$6.365 billion is expected to be recorded in the second half of 2026 as the property is completed and delivered to the buyer.

In terms of the redevelopment project of old buildings in the urban area, there is about 300,000 square feet of self-occupied floor area, which has already been allocated to the sales plan for the second half of 2026. In addition, redevelopment projects of old urban buildings that have already purchased all property rights or have reached the relevant mandatory auction application threshold are expected to provide an additional total floor area of about 1.5 million square feet. They can be sold or leased out in 2027 or later.