Henderson Land Development Co Reports Profit Decline

Henderson Land Development Co ( (HLDVF) ) has released its Q2 earnings. Here is a breakdown of the information Henderson Land Development Co presented to its investors.

Henderson Land Development Co is a prominent property development and investment company based in Hong Kong, focusing on residential, commercial, and industrial real estate projects both locally and in mainland China. The company is known for its extensive land bank and significant investment in urban redevelopment projects.

In its latest earnings report, Henderson Land Development Co reported a 44% decrease in underlying profit attributable to equity shareholders for the first half of 2025, amounting to HK$3,048 million. This decline is primarily attributed to the absence of significant gains from land resumption and property disposals that were recorded in the previous year. Despite the drop in profits, the company maintained its interim dividend at HK$0.5 per share.

Key financial highlights include a fair value loss of HK$140 million from property revaluations, a decrease in attributable revenue from property development in Hong Kong by 22% to HK$3,812 million, and a slight increase in gross rental income in Hong Kong to HK$3,411 million. The company also reported a decrease in contracted sales in mainland China by 38% to RMB1,135 million. Henderson Land continues to focus on urban redevelopment projects and expanding its land bank to support future growth.

Looking ahead, Henderson Land Development Co remains committed to its strategic initiatives, including urban redevelopment and land bank replenishment, to drive long-term growth. The company is poised to benefit from ongoing projects and government policies aimed at stimulating the property market, while also navigating the challenges posed by economic uncertainties.