At a glance
- Company
- Pacific Century Premium Developments Limited
- Ticker
- SEHK: 00432
- Announcement
- Earnings
- Location
- Hong Kong SAR
Key figures
- Consolidated revenue
- HK$593 million
- Net loss attributable to equity holders
- HK$189 million
- Basic loss per share
- 9.28 Hong Kong cents
- Sale consideration for Pacific Century Place, Jakarta
- US$400 million
- Sale consideration for Midtown Niseko
- US$80 million
- Available Central Residence by the Park units sold
- 90.9%
People
- Benjamin LamDeputy Chairman and Group Managing Director
Products and programs
HONG KONG SAR - 29 July 2026
2026 Interim Results - Financial Highlights
(Figures for the corresponding period in 2025 are shown in brackets)
The consolidated revenue of PCPD and its subsidiaries (together, the "Group") amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group's financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group's results. Earnings from our recreational facilities, ski lifts, equipment rentals, "Hanazono EDGE" (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta ("PCP Jakarta") in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD's long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: "The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group's core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong's property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders."
Hashtag: #PacificCenturyPremiumDevelopments
2026 Interim Results - Financial Highlights
(Figures for the corresponding period in 2025 are shown in brackets)
- Consolidated revenue: HK$593 million (HK$ 636 million)
- Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)
- Basic loss per share: 9.28 HK cents (12.23 HK cents)
- No interim dividend (No interim dividend)
The consolidated revenue of PCPD and its subsidiaries (together, the "Group") amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group's financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group's results. Earnings from our recreational facilities, ski lifts, equipment rentals, "Hanazono EDGE" (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta ("PCP Jakarta") in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD's long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: "The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group's core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong's property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders."
Hashtag: #PacificCenturyPremiumDevelopments
The issuer is solely responsible for the content of this announcement.
About PCPD
Pacific Century Premium Developments Limited ("PCPD" or the "Group", SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ("PCCW", SEHK: 00008) is the single largest shareholder of the Group.
In brief
Pacific Century Premium Developments Limited reported revenue of HK$593 million and a net loss attributable to equity holders of HK$189 million for the six months ended June 30, 2026. Basic loss per share was 9.28 Hong Kong cents, and the board declared no interim dividend. The company completed the sales of its interests in Pacific Century Place, Jakarta, for US$400 million and Midtown Niseko for US$80 million. It says its Japan hospitality and ski operations performed steadily, while earnings from recreational facilities and related services grew year on year. The company also formed an alliance with Hotel Properties Limited for a Four Seasons resort and branded residences at Aquella in Thailand. By the end of June, 90.9% of available units at Hong Kong’s Central Residence by the Park had been sold.
Key takeaways
- Revenue was HK$593 million, while the net loss attributable to equity holders was HK$189 million.
- The board did not declare an interim dividend for the first half of 2026.
- Sales of the company’s interests in Pacific Century Place, Jakarta, and Midtown Niseko were completed.
- PCPD formed an alliance with Hotel Properties Limited for a Four Seasons resort and branded residences at Aquella.
- The company said 90.9% of available Central Residence by the Park units had been sold by the end of June.
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