Successful HKD 88.2 Billion Bank Refinancing
New World Development completed a HKD 88.2 billion bank refinancing, enhancing short- to medium-term liquidity and allowing focus on core business development.
Achievement of Property Sales Target
Despite market uncertainties, the company achieved its annual property sales target of HKD 26 billion, with strong sales in Hong Kong and Mainland China.
Debt Reduction and Positive Cash Flow
Total debt and net debt decreased in FY '25, with cash flow returning to positive territory, indicating a stabilizing financial position.
Strong Performance in Retail and Office Leasing
K11 MUSEA and Art Mall in Hong Kong recorded high foot traffic and double-digit sales growth across multiple tenant categories.
Successful Project Launches in Property Development
Multiple projects in Hong Kong, such as Deepwater Pavilia, achieved significant sales since their launches, contributing to the company's strong property sales performance.
Interest Expense Reduction
Due to rate cuts, the company's average interest rate decreased from 5% in FY '24 to 4.8% in FY '25, reducing total financing costs by HKD 1.3 billion.