Far East Consortium International Earnings Call Transcripts
Fiscal Year 2026
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Adjusted revenue reached HKD 10 billion with improved gross margins and reduced gearing to 63%. Property, hotel, and gaming segments showed resilience, while asset disposals and project completions supported liquidity and future growth.
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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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Revenue declined 18.7% to HKD 5.2 billion, with a net loss of HKD 770 million due to higher finance costs and impairments. Despite this, cash profit remained positive and the group maintains a strong HKD 65.9 billion development pipeline, focusing on debt reduction and sustainable dividends.
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.