Far East Consortium International Ltd

F:FET

Adjusted Revenue: Adjusted revenue reached HKD 4.9 billion, mainly from property development project completions in the UK and Australia.

Profitability: Adjusted cash profit was HKD 203 million, but the company reported a net loss of HKD 988 million due to large non-cash impairment charges.

Gross Margin: Adjusted gross profit margin increased by 3.6 percentage points, with overall gross margin at 34.8%, mainly driven by higher-margin property sales.

Hotel Growth: Hotel revenue rose 9.5% to hit almost HKD 1 billion, helped by new hotel openings and improving occupancy and room rates, especially in Hong Kong.

Debt Reduction: Net gearing ratio fell to 64.9%, down about 2.7 points versus March, as the company paid down over HKD 1.2 billion in debt.

Presales Pipeline: Presales and contracted sales stand at HKD 9.3 billion, giving strong visibility for future revenue.

Asset Sales: About HKD 1 billion of noncore assets were monetized, including mortgage portfolios and car parks; more disposals are planned.

Project Pipeline: A robust HKD 62 billion property development pipeline is supporting growth and future cash flow.