Lai Sun Development FY26 H1 net loss jumps to HK$1.2 billion; revenue rises 1.4% to HK$2.6 billion

• Lai Sun Development posted net loss attributable to owners of HK$1.2 billion for six months ended Jan. 31, 2026, widening more than ninefold.
• Turnover edged up 1.4% to HK$2.6 billion.
• Adjusted EBITDA fell 23.3% to HK$379.1 million, mainly due to loss on sale of accommodation tower T1 in Hengqin Novotown Phase II.
• Net loss widened mainly due to loss on sale of T1 and write-down of properties in Hengqin Novotown Phase II, alongside fair value losses on investment properties and joint ventures properties.
• Group plans to accelerate property pre-sales and asset disposals, targeting further deleveraging and improved financial position in second half of fiscal year.

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