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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . Financial Summary LAI FUNG HOLDINGS Lai Fung Holdings Limited ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1125 ) ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 JULY 2026 Turnover Generated from : - Rental income - Sale of properties Administrative expenses Finance costs ( expensed and capitalised ) Adjusted EBITDA of the Group ( non - HKFRS measure ) Net loss attributable to owners of the Company Results Highlights Year ended 31 July 2026 ( HK $ million ) 2025 ( HK $ million ) Change ( % ) 1,508.3 1,291.3 16.8 999.6 994.8 0.5 505.0 289.1 74.7 170.7 203.0 ( 15.9 ) 566.6 619.4 ( 8.5 ) 270.7 416.3 ( 35.0 ) 591.6 419.4 41.1 During the year under review , despite a difficult operating environment , the income generated by Group's rental properties and hotel and serviced apartments remained relatively constant at HK $ 999.6 million , compared with HK $ 994.8 million for the last financial year . Although the performance of the Group's rental properties , particularly in Shanghai and Guangzhou , remained challenging , with rents generally declining , the two newer Grade A office towers , namely Shanghai Skyline Tower and Guangzhou Lai Fung International Center , continued to improve steadily and delivered incremental income compared with the last financial year . During the year under review , the Group made a major breakthrough and successfully contracted the sale of two accommodation towers , namely tower one ( " T1 " ) and tower three ( " T3 " ) , in Hengqin Novotown Phase II , with revenue from one of the towers ( T1 ) recognised during the year under review contributing to an increase of 74.7 % in sale of properties . The Group will continue to seek en - bloc sales of additional accommodation towers in Hengqin . Adjusted earnings before interests , taxes , depreciation and amortisation ( “ adjusted EBITDA " ) ( excluding impact of fair value changes on investment properties and other non - cash and non - recurring items ) amounted to HK $ 270.7 million , down by 35.0 % compared to last financial year , due to the loss incurred on the sale of an accommodation tower ( T1 ) as aforementioned during the year under review . Net loss attributable to owners of the Company was approximately HK $ 591.6 million , versus net loss of HK $ 419.4 million in last financial year , mainly attributable to the loss incurred on the sale of an accommodation tower ( T1 ) as aforementioned and write - down of properties ( mainly T3 ) in Hengqin Novotown Phase II during the year under review . As at 31 July 2026 , the Group had cash and cash equivalents of HK $ 762.2 million , pledged and restricted time deposits and bank balances of HK $ 714.4 million , and undrawn banking facilities of approximately HK $ 967.1 million . As at the date of this results announcement , the undrawn banking facilities increased to HK $ 1,446.0 million . During the year under review , the Group successfully refinanced certain banking facilities . As at 31 July 2026 , the outstanding balances of such refinanced banking facilities are amounting to HK $ 3,586.4 million . The Group announced its intention to achieve a disposal of HK $ 2,000 million over the next two years in its interim results for the six months ended 31 January 2025. Since then , the aggregate gross proceeds from the disposal reached approximately HK $ 1,150 million . The Group is in discussions with potential buyers on the disposal of some of the assets to improve the Group's liquidity .