【173 Warning】K. Wah International expects a loss for last year due to impairment provisions and other factors, with net loss not exceeding 900 million yuan

SocialAnxietyStaker · 2026-03-08T12:02:48+00:00

K. Wah International expects a net loss of no more than HKD 900 million for the fiscal year 2025, while achieving a net profit of HKD 335 million in the fiscal year 2024. The loss mainly stems from impairment provisions and losses from joint ventures. Nevertheless, K. Wah states that its financial position remains solid, with a net debt-to-equity ratio below 20%, which does not affect operating cash flow.

SocialAnxietyStaker

2026-03-08 12:02:48

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K Wah International (00173)
Profit Warning: Expected net loss for FY2025 not to exceed HKD 900 million, with a net profit of HKD 335 million in FY2024. K Wah explained that the loss mainly results from impairment provisions for unsold inventory due to market conditions, fair value changes in investment properties, and the share of losses from joint ventures with negative gross margins caused by project sales price pressures.

K Wah reaffirmed that impairment provisions for property development projects are non-cash items and will not affect the group’s operating cash flow. The net debt-to-equity ratio remains stable and below 20%; the group’s financial position remains solid with strong liquidity, and the investment strategy is not expected to change.

Source: HKEX Announcement

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