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ITC Properties Group Ltd has projected a net loss attributable to owners of not more than HKD 550 million for FY2026. The Hong Kong-based property company indicated that losses from its commercial property segment are expected to be lower than those recorded in FY2025, suggesting some improvement in operating conditions. Despite the anticipated reduction in losses from the commercial property business, the group expects to remain in the red for the financial year. The update provides an early indication of the company's performance as it continues to navigate challenges in the property market.
ITC Properties Group Ltd has said it expects to report a net loss attributable to owners of not more than HKD 550 million for FY2026.
The company stated that the expected result reflects a lower loss in its commercial property segment compared with FY2025. While the commercial property business is anticipated to perform better than in the previous financial year, the improvement is not expected to be sufficient to return the group to profitability.
ITC Properties, which has interests in property investment and development, has been operating in a market environment that continues to face pressure from changing demand patterns and broader economic conditions. The latest guidance suggests that although some parts of the business have shown signs of improvement, challenges remain across the group's operations.
The outlook points to a narrower loss from commercial properties than the level recorded in FY2025. However, the company indicated that its overall result for FY2026 is still expected to remain negative, with the net loss attributable to owners capped at HKD 550 million.
The announcement offers investors an early indication of the group's financial performance ahead of its full-year results and reflects ongoing efforts to improve operational performance within its property portfolio.
Source Reuters
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