2025-10-02 06:00Financial Performance & Debt Reduction - The company targets HKD26 billion in net debt reduction for FY25, which has been completed[10] - Net debt reduced by HK$3.5 billion, a 2.9% decrease compared to June 2024[12] - Total debt trending down, with a HK$5.7 billion reduction over FY25[17] - HKD88.2 billion loan refinancing & alignment completed to improve financial flexibility[10, 80] Business Segments Performance - Core Operating Profit is HK$6.0B [12] - IP segment results increased by 2% YoY[12, 50] - K11 segment results increased by 4% YoY[12, 50] - FY25 Hong Kong Contracted Sales: HKD11B [21] Strategic Initiatives & Optimization - CAPEX reduced by 15% YoY to HK$12.6 billion[10, 12] - G&A expenses reduced by 16% YoY to HK$3.5 billion[10, 12, 78] - Management will not consider rights issue[11] Investment Properties & Development - K11 MUSEA has an occupancy rate of approximately 96%[52] - K11 Art Mall has an occupancy rate of approximately 100%[52] - The company has abundant saleable resources in Hong Kong[33]