Far East Consortium International Earnings Call Transcripts
Fiscal Year 2026
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Adjusted revenue reached HKD 4.9 billion, with strong property and hotel performance, but net loss was HKD 988 million due to impairments. Net gearing improved to 64.9%, and a robust HKD 62 billion pipeline supports future growth.
Fiscal Year 2025
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Adjusted revenue grew 5.3% to HKD 7.2 billion, led by property development, but net loss reached HKD 1.2 billion due to high finance costs and impairments. Debt reduction, strong pre-sales, and a robust pipeline support future growth, with a conservative approach to dividends and capital allocation.
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First-half FY2025 saw an 18.7% revenue drop to HKD 5.2 billion and a net loss of HKD 770 million, mainly due to fewer property completions and higher finance costs. Recurring income grew, and a robust HKD 65.9 billion pipeline and HKD 11.8 billion in pre-sales support future growth.
Fiscal Year 2024
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Revenue surged 57% to HKD 10.2 billion, led by property development and recurring income growth. Debt was reduced by HKD 4.5 billion, with improved gearing and a stable dividend. Strong project pipeline and global diversification support future growth.