Superland Group (Superland) released its audited results for the year ended 31 December 2025.

Financial highlights • Revenue edged down 0.16% year on year to HK$900.83 million. • Gross profit slipped 2.78% to HK$117.58 million, with gross margin at 13.1% (2024: 13.4%). • Net profit attributable to shareholders rose 17.9% to HK$22.27 million, supported by lower financing costs. • Basic and diluted earnings per share came in at 2.78 HK cents (2024: 2.36 HK cents). • Finance costs fell 6.8% to HK$32.99 million, reflecting lower interest rates. • Total equity stood at HK$228.95 million, up 4.1%. • The Board proposed no final dividend (2024: 1.67 HK cents per share).

Balance sheet and liquidity • Total assets amounted to HK$1.01 billion, while total liabilities were HK$778.86 million. • Borrowings reached HK$501.92 million; total debt including lease liabilities was HK$513.25 million. • Cash and cash equivalents were HK$44.71 million; pledged time deposits totalled HK$7.30 million. • Gearing ratio (net debt/total capital) was 66.8%, broadly unchanged from 66.3% a year earlier. • Current ratio remained stable at 1.1.

Operational metrics • The group handled 75 fitting-out projects at year-end (2024: 60), representing an aggregate contract sum of HK$5.31 billion. • Revenue mix: fitting-out services contributed HK$896.39 million, while repair and maintenance services added HK$4.44 million. • Four customers each accounted for 10% or more of annual revenue, with the largest contributing HK$175.13 million.

Management outlook Management noted signs of cautious recovery in Hong Kong’s fitting-out market, underpinned by office leasing momentum and government development plans. The group will continue to streamline operations, invest in technology and monitor working-capital needs while exploring diversification opportunities. No material events occurred after the reporting date.