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YANLORD LAND GROUP LIMITED (Z25.SI) 仁恒置地集团有限公司 26 February 2026 2H & FY 2025 Financial Results Announcement
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Contents • Key Figures for FY 2025 • Key Financial Highlights • Business Operation Highlights • Property Development • Property Investment and Hotel Operations
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Key Figures for FY 2025
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4 Key Figures for FY 2025 ❑ Yanlord Land Group Limited’s (“Company” and together with its subsidiaries, “Group”) revenue for the full financial year ended 31 December 2025 (“FY 2025”) was RMB14.369 billion, representing a decrease of 60.5% compared to the full financial year ended 31 December 2024 (“FY 2024”). ❑ In FY 2025, revenue from property development decreased by 68.7% to RMB9.765 billion, property investment and hotel operations decreased by 4.1% to RMB1.757 billion, property management increased by 1.5% to RMB1.454 billion, while others segment decreased by 26.3% to RMB1.394 billion, compared to FY 2024. ❑ Gross profit increased by 16.7% to RMB4.004 billion, with gross profit margin rising by 18.5 percentage points to 27.9% in FY 2025, compared to FY 2024. ❑ The Group reported a profit for the year of RMB435 million in FY 2025, reversing a loss of RMB3.763 billion in FY 2024. Profit attributable to owners of the Company amounted to RMB268 million in FY 2025. ❑ The Group, together with its joint ventures and associates, recorded total contracted pre-sales from residential and commercial units, as well as car parks, amounting to approximately RMB13.972 billion on a total contracted gross floor area (“GFA”) of 618,512 square metres (“sqm”) in FY 2025, representing year-on-year decreases of 37.1% and 33.0%, respectively, compared to FY 2024. ❑ As at 31 December 2025, accumulated property contracted pre-sales of the Group together with its joint ventures and associates, pending revenue recognition in the first half of the financial year ending 31 December 2026 and beyond, was RMB17.493 billion on a total GFA of 709,270 sqm. ❑ As at 31 December 2025, the Group’s total debt remained stable at RMB23.969 billion, while cash and cash equivalents stood at RMB7.296 billion. The net gearing ratio increased by 2.3 percentage points to 43.6%, compared to the previous financial year-end.
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Key Financial Highlights
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Statement of Profit or Loss Notes: 1. Not meaningful 2. Based on adjusted weighted average number of shares on a fully diluted basis 6 (RMB million) FY 2025 FY 2024 % Change Revenue 14,369 36,397 (60.5) Cost of sales (10,364) (32,965) (68.6) Gross profit 4,004 3,432 16.7 Gross profit margin (%) 27.9% 9.4% 18.5ppt Other operating income and other gains 270 336 (19.6) Fair value loss on investment properties (130) (222) (41.4) Selling expenses (490) (638) (23.3) Administrative expenses (938) (1,081) (13.2) Net impairment losses on financial assets (267) (2,104) (87.3) Other operating expenses (283) (79) 256.0 Finance cost (730) (1,001) (27.0) Share of profit of associates 374 39 863.8 Share of profit of joint ventures 89 632 (85.9) Profit (Loss) before income tax 1,898 (687) NM1 Income tax (1,463) (3,076) (52.4) Profit (Loss) for the year 435 (3,763) NM1 Profit (Loss) attributable to owners of the Company 268 (3,422) NM1 Basic and diluted earnings (loss) per share2 (RMB cents) 13.87 (177.19) NM1
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Statement of Profit or Loss Note: 1. Based on adjusted weighted average number of shares on a fully diluted basis 7 (RMB million) 2H 2025 2H 2024 % Change Revenue 5,083 16,444 (69.1) Cost of sales (4,081) (15,631) (73.9) Gross profit 1,002 813 23.2 Gross profit margin (%) 19.7% 4.9% 14.8ppt Other operating income and other gains 121 121 (0.4) Fair value loss on investment properties (130) (222) (41.4) Selling expenses (259) (312) (17.0) Administrative expenses (464) (515) (9.9) Net impairment losses on financial assets (94) (1,736) (94.6) Other operating expenses (251) (62) 307.2 Finance cost (349) (459) (24.0) Share of profit of associates 328 38 758.4 Share of profit of joint ventures 6 596 (99.0) Loss before income tax (92) (1,737) (94.7) Income tax (18) (1,605) (98.9) Loss for the period (110) (3,342) (96.7) Loss attributable to owners of the Company (111) (2,936) (96.2) Basic and diluted loss per share1 (RMB cents) (5.76) (152.03) (96.2)
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1,433 1,454 0 200 400 600 800 1,000 1,200 1,400 1,600 FY 2024 FY 2025 +1.5% (RMB million) Revenue from Property Investment and Hotel Operations 8 (RMB million) Revenue from Property Management Revenue from Others (RMB million) Revenue from Property Development (RMB million) Segment Revenue Analysis 31,243 9,765 0 10,000 20,000 30,000 40,000 FY 2024 FY 2025 -68.7% 1,831 1,757 0 400 800 1,200 1,600 2,000 FY 2024 FY 2025 -4.1% 1,890 1,394 0 500 1,000 1,500 2,000 FY 2024 FY 2025 -26.3%
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Financial Position 9 Note: 1. Non-controlling interests (“NCI”) (RMB million) As at 31 Dec 2025 As at 31 Dec 2024 % Change Total assets 98,022 116,677 (16.0) Current assets 44,613 62,020 (28.1) Non-current assets 53,409 54,657 (2.3) Total liabilities 59,747 77,476 (22.9) Current liabilities 40,015 50,800 (21.2) Contract liabilities 5,965 10,131 (41.1) Non-current liabilities 19,732 26,676 (26.0) Cash and cash equivalents 7,296 10,190 (28.4) Total debt 23,969 26,375 (9.1) Senior notes 1,963 3,583 (45.2) Bank and other borrowings 19,596 20,145 (2.7) Loan from non-controlling shareholders of subsidiaries 1,674 1,930 (13.3) Loan from other related party 736 717 2.6 Net debt 16,673 16,185 3.0 Total equity (Including NCI1) 38,275 39,201 (2.4) Net gearing ratio (%) 43.6% 41.3% 2.3ppt Net asset value per share (RMB) 17.06 15.92 7.2 Average cost of borrowings 4.0% 4.7% (0.7ppt)
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Business Operation Highlights • Property Development • Property Investment and Hotel Operations
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11 Property Contracted Pre-sales of the Group together with its Joint Ventures and Associates FY 2024 vs FY 2025 4.284 4.329 2.533 2.826 0 1 2 3 4 5 Q1 2025 Q2 2025 Q3 2025 Q4 2025 (RMB billion) 2025 Q1 – Q4 +1.1% Note: 1. “1H” refers to the first half and “2H” refers to the second half, of the financial year ended 31 December , while "Q1" refers to the first quarter, "Q2" refers to the second quarter, "Q3" refers to the third quarter, and "Q4" refers to the fourth quarter, of the financial year ended 31 December -41.5% +11.6% 10.303 8.613 11.903 5.359 0 5 10 15 20 25 2024 2025 1H 2H (RMB billion) 13.972 22.206 -37.1%
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12 Upcoming Launches: New Batches of Existing Projects (First Half of 2026) Yangtze River Delta Bohai Rim Riverside City, Jinan 铁恒河滨园、铁恒河滨府，济南 Tang Song, Wuxi 山棠雅园，无锡 Hainan PUTTING LAND (Phase 2), Haikou 长天云汀，二期，海口 Yanlord Gardens (Phase 3), Haikou 仁恒滨江园，三期，海口 PUTTING LAND, Haikou 长天云汀，海口 Tang Song (Phase 1), Wuxi 山棠雅园，一期，无锡 THE ALTSTADT (Phase 2), Wuxi 耕渎锦绣院，二期，无锡 RIVER PARK, Nantong 仁恒‧紫琅世纪，南通 XI TANG, Suzhou 溪棠四季花园，苏州 Yanlord Central Lake (Phase 3), Taicang 仁恒时代天镜，三期，太仓 The People’s Republic of China RIVER PARK, Nantong 仁恒 ‧ 紫琅世纪，南通
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13 Investment Property Portfolio in the People’s Republic of China Yanlord Marina Centre, Zhuhai 仁恒滨海中心，珠海 ▪ Office & Retail ▪ Total GFA: 42,974 sqm Yanlord Landmark, Chengdu 仁恒置地广场，成都 ▪ Office & Retail ▪ Total GFA: 114,853 sqm Yanlord Landmark, Nanjing 仁恒置地广场，南京 ▪ Office & Retail ▪ Total GFA: 99,049 sqm Orchard Summer Palace, Shenyang 夏宫城市广场, 沈阳 ▪ Retail Mall ▪ Total GFA: 30,379 sqm Yanlord Riverside Plaza, Tianjin 仁恒海河广场，天津 ▪ Office, Retail Mall & Commercial Street ▪ Total GFA: 159,807 sqm Yanlord Reverie Plaza, Shenzhen 仁恒梦创广场, 深圳 ▪ Office & Retail ▪ Total GFA: 178,708 sqm Cangjie Commercial Plaza, Suzhou 仓街商业广场, 苏州 ▪ Retail ▪ Total GFA: 78,007 sqm
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Grand ParcVue Hotel Residence, Chengdu 仁恒格蓝柏薇酒店公寓，成都 ▪ Serviced Apartment (360 rooms) ▪ Total GFA: 50,902 sqm InterContinental Zhuhai 珠海仁恒洲际酒店 ▪ No. of rooms: 324 ▪ Total GFA: 58,559 sqm 14 Crowne Plaza Sanya Haitang Bay Resort 三亚海棠湾仁恒皇冠假日度假酒店 ▪ No. of rooms: 404 ▪ Total GFA: 79,264 sqm Yanlord ParcVue Hotel Residence, Nanjing 仁恒柏薇酒店公寓，南京 ▪ Serviced Apartment (260 rooms) ▪ Total GFA: 21,031 sqm Hospitality Property Portfolio in the People’s Republic of China Yanlord Viale Hotel, Tianjin 仁恒薇乐酒店，天津 ▪ No. of rooms: 94 ▪ Total GFA: 5,612 sqm
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15 Singapore Portfolio Park Avenue Robertson, Singapore 柏薇（罗伯逊）服务公寓，新加坡 UE BizHub TOWER, Singapore 79 安顺，新加坡 UE BizHub WEST, Singapore 历山商业大楼与历山工业中心，新加坡 Park Avenue Clemenceau and UE BizHub CITY, Singapore UE广场和柏薇（克列孟梭）服务公寓，新加坡 Rochester Mall and Park Avenue Rochester, Singapore 罗切斯特商场和柏薇（罗切斯特）酒店，新加坡 WBL Building, Singapore
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Some of the information contained in this presentation has been prepared based on information derived from public sources or third parties which has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reliability or correctness of such information, conclusions or opinions contained in this presentation. This presentation may also contain forward-looking statements that involve assumptions, risks and uncertainties. These forward-looking statements are based on the Group’s current intentions, plans, expectations, assumptions and views about certain future events and are subject to risks, uncertainties and other factors, many of which are not within the Group’s control. Actual future performance and outcomes of certain events and results may differ materially from the Group’s current intentions, plans, expectations, assumptions and views about the future. Examples of these factors include, inter alia, general industry and economic conditions, interest rate movements, cost of capital and capital availability, changes in operating expenses such as employee wages and benefits, governmental and public policy changes, changes to laws and regulations, acts of god and epidemic or pandemic. Accordingly, forward-looking statements are not, and should not be construed as a representation as to the future performance of the Group. The past performance of the Group is not indicative of future performance as well. The Group does not undertake any obligation to update any information contained in this presentation to reflect future events or circumstances except as required under applicable laws. While the Group has taken reasonable care to ensure the accuracy and completeness of the information provided in this presentation, neither the Group nor any of its affiliates, advisers or representatives shall be liable (in negligence or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information contained in this presentation. The Group shall not be liable for the information derived from public sources and provided by or quoted from third parties. Examples provided in this presentation are for illustrative purposes only. Shareholders, investors and potential investors are cautioned not to place undue reliance on these information derived from public sources or third parties and forward-looking statements which are based on current view of the Group on future events. Shareholders, investors and potential investors should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take. Disclaimer 16
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YANLORD LAND GROUP LIMITED 仁恒置地集团有限公司 Thank You