Sun Hung Kai Properties Limited (SUHJY) Q4 2026 Earnings Call Transcript

SA Transcripts 162.18K Followers Follow Sun Hung Kai Properties Limited ( SUHJY ) Q4 2026 Earnings Call September 9, 2026 8:00 PM EDT Company Participants Miriam Leung - Corporate Planning Manager Ping-Luen Kwok - Executive Chairman & MD Ting Lui - Deputy MD & Executive Director Kai-Fai Kwok - Executive Director Lo King-wai Chi-Ho Tung - Executive Director Hung-Ling Fan Kai-wang Kwok - Executive Director Chik-Wing Wong - Deputy MD & Executive Director Conference Call Participants Karl Chan - JPMorgan Chase & Co, Research Division Mark Leung - UBS Investment Bank, Research Division Griffin Chan - Citigroup Inc., Research Division Simon Cheung - Goldman Sachs Group, Inc., Research Division Presentation Miriam Leung Corporate Planning Manager Good afternoon, everyone. Welcome to the annual results analyst briefing. Before we dive in, I'd like to take a moment to wish you all of you a very happy Mid-Autumn Festival in advance. And as usual, we will start with the group's financial review. Please note that all the numbers are in Hong Kong dollars, unless stated otherwise. For the year ended June 2026, the group's underlying profit was $22.9 billion, a year-on-year increase of 4.6%. This growth was mainly driven by higher profits from property development in Hong Kong and lower finance costs. The group's leasing and other recurring income remained resilient during the year. After factoring in net effect of realized value gains from the sale of investment properties and a net revaluation profit on investment properties, the reported profit came in at $21.4 billion, an increase of 11.1% year-on-year. The underlying earnings per share was $7.89, while reported earnings per share was $7.39. As for dividends, the Board has recommended a final dividend of $2.93 per share, an increase of 4.6% from $2.80 last year. Together with interim dividend of $0.98, total dividend per share for the full year will be $3.91. To break down the profit by segment. The profit for Property Development was about $8.3 billion, largely stable year-on-year. Increased contribution