HANG LUNG PPT (00101) has released its interim results for the 2026 fiscal year. Total revenue reached HK$6.113 billion, representing a 23.05% increase year-on-year. Shareholders' attributable basic net profit amounted to HK$1.436 billion, a decrease of 9.51% compared to the same period last year. Shareholders' attributable net profit fell to HK$758 million, marking a 16.89% decline. Based on shareholders' attributable net profit, earnings per share were HK$0.15. The company has declared an interim dividend of HK$0.12 per share.

During the first half of 2026, economic stimulus measures in mainland China and a low-interest-rate environment spurred a recovery in consumer spending. Additionally, the strengthening of the renminbi helped boost Hong Kong's tourism and retail activities. Through prudent and rigorous operational management, the company maintained strong occupancy rates, demonstrating resilience under market pressure. Rental income from the company's core mainland properties grew, while operations in Hong Kong remained stable.

Mainland shopping malls saw a 6% increase in revenue in renminbi terms. The overall property occupancy rate further improved to 96% by the end of June. To actively enhance the tenant mix and retail positioning, the mall continued to introduce regional flagship stores and exclusive brands during the reporting period, replacing underperforming brands. At the same time, the company organized distinctive experiential retail activities in various cities, successfully strengthening customer connections, maintaining foot traffic, and boosting tenant sales, further deepening its ties with the community.

In Hong Kong, the company adopted proactive leasing and tenant retention strategies for both its retail and office portfolios, maintaining occupancy rates of approximately 95% and 90%, respectively. The company continued to optimize its portfolio in key commercial and tourist areas, helping to sustain retail property occupancy rates and enhance the customer experience. On the office front, the occupancy rate of the Hong Kong Island office portfolio increased, driven by Standard Chartered Bank Building (including the HANG LUNG PPT co-working space NET•WORK) and 228 Electric Road. Benefiting from the government's talent admission scheme, revenue and occupancy rates for residential and serviced apartments increased by 7% and nine percentage points, respectively, year-on-year.