Jin Rong Jie·2025-08-07 04:56Core Viewpoint - Swire Properties reported a revenue of HKD 45.774 billion for the six months ending June 30, 2025, representing a year-on-year increase of 16%. However, the attributable profit to shareholders decreased by 79% to HKD 0.815 billion [1] Financial Performance - The basic attributable profit for the first half of 2025 was HKD 5.476 billion, compared to HKD 5.576 billion in the same period of 2024 [1] - Excluding significant non-recurring items, the recurring basic profit for the first half of 2025 was HKD 4.712 billion, slightly down from HKD 4.762 billion in 2024 [1] Property Valuation - The fair value loss on investment properties increased significantly, amounting to HKD 4.664 billion in the first half of 2025, compared to HKD 0.877 billion in the same period of 2024. This fair value change is non-cash in nature and does not impact cash flow or basic profit attributable to shareholders [1] Share Buyback - The company repurchased 25.119 million A shares and 15.402 million B shares during the first half of 2025, with a total cash consideration of HKD 1.842 billion. The average purchase price was HKD 66.8 per A share and HKD 10.7 per B share. The total planned share buyback amounts to HKD 5.9 billion [1]