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The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.
DFI RETAIL GROUP HOLDINGS LIMITED
2025 PRELIMINARY ANNOUNCEMENT OF RESULTS
Highlights
Underlying profit reached the high-end of guidance at US$270 million, up 35% year-on-year
Reported profit of US$235 million, up US$480 million year-on-year
Health and Beauty delivered strong like-for-like (LFL) sales and profit growth
Convenience returned to profit growth in the second half of 2025, supported by a favourable mix shift towards higher-margin, non-cigarette categories
Strengthening value-driven, omnichannel proposition in Food and Home Furnishings
Divestments of Yonghui, Robinsons Retail and Singapore Food underscored the Group’s transition from a portfolio to a focused operating company and strengthened balance sheet to a net cash position
Returned approximately US$740 million to shareholders for the full year 2025, including a US$600 million special dividend
Final dividend of US¢10.50 per share based on a new 70% payout policy announced in December 2025
“Effective execution of our strategy drove strong financial performance and higher shareholder returns in 2025, despite a challenging retail environment. Our significant progress made in portfolio simplification creates investment capacity for strategic priorities, enabling greater value for our customers and accretive inorganic opportunities to drive sustainable growth and returns.”
Lincoln Pan
Chairman
DFI RETAIL GROUP HOLDINGS LIMITED
PRELIMINARY ANNOUNCEMENT OF RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2025
INTRODUCTION
It is my honour and privilege to join DFI Retail Group (‘DFI’ or the ‘Group’) as Chairman of the Board, supporting Group Chief Executive, Scott Price, and his leadership team in executing its strategic priorities and delivering shareholder returns. On behalf of the Board, I would also like to express our gratitude to John Witt for his invaluable contributions to DFI over many years.
As Asia’s leading multi-format retail platform, DFI has a unique set of assets – strong customer trust, an extensive store network across markets, deep data insights from a powerful loyalty programme, and a strengthening Own Brand portfolio – that will serve as a foundation for growth over the coming years.
Amid macroeconomic volatility and evolving consumer needs, the Group has been responding effectively through a stronger value proposition and enhanced omnichannel capabilities. This strategy is yielding early and encouraging results, demonstrated by a 35% increase in underlying profit in 2025. We remain particularly optimistic about the growth prospects in Health & Beauty and Convenience, as well as the opportunities emerging in digital.
I am confident that under the capable leadership of Scott and his team, DFI will continue to deliver retail excellence to customers across Asia while driving long-term value creation and growth.
Under a new 70% dividend payout policy announced in December 2025, the Board recommends a final dividend of US¢10.50 per share (2024 final dividend: US¢7.00).
STRATEGIC HIGHLIGHTS
Over the course of 2025, the Group executed effectively against its strategic framework of Customer First, People Led, Shareholder Driven. This approach enables DFI to navigate market challenges while capturing opportunities that build on its strong platform for sustainable growth.
The retail landscape is rapidly evolving, driven by shifting consumer behaviour and digitalisation. The Group remains focused on strategic priorities that place customers first – delivering quality, value and convenience in everyday moments. Across its businesses, the Group made good progress in strengthening value propositions, expanding customer reach in growth markets, driving deeper customer engagement with data-driven insights and accelerating digital monetisation. These initiatives enhance its ability to better serve customers and supplier partners while delivering returns to shareholders.
Investing in talent development remains at the top of the agenda. During the year, the Group achieved an improved team member engagement score. Inclusive leadership, a purpose-driven culture and engaged team members are critical to driving stronger performance and delivering exceptional customer experience. In parallel, the Group continues to enhance its organisational agility in meeting customer needs while reducing overhead costs.
In 2025, the Group completed the divestments of minority stakes in Yonghui and Robinsons Retail, as well as Singapore Food business, enabling reinvestment in subsidiary businesses and strategic priorities with stronger growth and return potential. This approach, combined with a sharpened business focus and a strengthened balance sheet, delivered a total shareholder return exceeding 90% in 2025, including the distribution of a US$600 million special dividend in October.
PROSPECTS
Transformation is an ongoing journey for today’s retailers. Serving diverse communities across Asia, where economic conditions and consumer expectations vary widely, the Group must stay agile and locally relevant guided by a customer-first mindset and a disciplined focus on growth opportunities that further build on its competitive advantages. Over the year, DFI has invested in delivering better outcomes for customers through price reinvestment, Own Brand innovation, omnichannel expansion and data-driven personalisation – focus areas that will remain central to its growth plans in the years ahead. An expanded digital ecosystem also unlocks new avenues to drive deeper value for supplier partners and enhance shareholder returns.
I would like to end by expressing the Board’s appreciation to our team members. We could not be more proud of the work they have done over the year, particularly in responding to the deeply tragic Tai Po fire in Hong Kong. Their unwavering dedication to serving our customers across Asia is what will continue to drive our business forward and build long-term value for shareholders.
Lincoln Pan
Chairman
GROUP CHIEF EXECUTIVE’S REVIEW
INTRODUCTION
We are pleased to close 2025 on a strong note, with underlying profit attributable to shareholders up 35% year-on-year to US$270 million, reaching the high end of our guidance range. This strong performance was driven by a recovery in LFL subsidiary sales, improved margins and proactive portfolio actions, including the divestment of our minority stake in Yonghui.
Customers across Asia, including in our home market of Hong Kong, are increasingly seeking quality and convenience at great value. While macro challenges remain, we are encouraged to see early signs of recovery in key retail segments, including 3% growth in health and beauty sales in Hong Kong, supported by a 12% increase in tourist arrivals. As Asia’s leading multi-format omnichannel retail platform, we are uniquely positioned to meet customers’ evolving needs effectively across all channels through relevant and compelling customer propositions.
With a renewed focus on balancing profitability with capital discipline, the Group ended the year in a net cash position, after distributing a US$600 million special dividend, and delivered a significantly improved return on capital employed (ROCE) of 9.4%. Our strengthened balance sheet allows us to reinvest for growth as we deepen our focus on higher-return subsidiary businesses and strategic priorities that sustain value creation for shareholders. For the full year 2025, we returned a total of approximately US$740 million to shareholders, including the special dividend.
In December, we held our inaugural Investor Day where DFI announced a new dividend policy with an increased payout ratio of 70%. Dividends paid during the year, combined with a share price increase of more than 70%, resulted in a total shareholder return exceeding 90% in 2025. We also outlined our three-year plan for realising our financial ambitions and accelerated growth goals, including a target of US$310-350 million in underlying profit (representing 11% CAGR at the mid-point compared to 20251) and an improved ROCE of at least 15% by 2028.
As we enter the new financial year, we remain firmly focused on executing our strategic priorities to drive sustained, profitable growth.
STRATEGIC DELIVERABLES – KEY PROGRESS
Over the past year, we have made significant progress in our transformation from a portfolio business into a strategically focused operating company. We have been advancing our strategy across five key deliverables to create greater value for our customers, supplier partners and shareholders.
Retail Excellence
By delivering best-in-class customer propositions, we see a wide range of opportunities for driving higher store sales density and market share gain across all business segments.
Health & Beauty
Mannings and Guardian continue to strengthen their position as the trusted advisor for wellness, unlocking strong cross-category growth opportunities through an assortment with high functional value across supplements, derma skin care and hair care. Customers across Asia are increasingly shifting to retailers that best fulfil their broad, diverse and unique wellness goals. Our technology-enabled personalised services – including skin, scalp and health assessments – drive higher purchase conversion and basket size by deepening customer understanding of their wellness needs. These capabilities will be expanded to 25% of our Health & Beauty store network to enhance our competitive differentiation and leadership in wellness.
Convenience 7-Eleven is broadening its shopper missions towards higher-margin, non-cigarette categories with a strategic focus on ready-to-eat (RTE) offerings, which accounted for 24% of Convenience sales in 2025. Across markets, consumers are seeking more convenient, high-quality and value-driven meal solutions. The expansion of Food Bars to 1,250 locations in South China and the rollout of RTE-focused store revamp across the entire Hong Kong network by 2028 will further strengthen 7-Eleven’s RTE proposition.
Food
Given consumers’ pivot towards value, continued northbound travel and increasing competition from Chinese mainland e-commerce platforms, the Wellcome team has focused on enhancing food basket value for customers by advancing our Everyday Low Price strategy. Investment in reduced pricing through strategic direct sourcing of core basket items, particularly in fresh, has resulted in a 2% growth in volume driven by higher footfall and increased items per basket. Direct sourcing allowed us to reduce prices while protecting gross profit, resulting in a 30-basis point gross margin improvement. These efforts further supported the narrowing basket price gap compared to the Greater Bay Area to a currently low single-digit price difference2.
Home Furnishings
Similar to Food, IKEA has focused on enhancing its affordability and accessibility by reinvesting in the pricing of high-volume products, broadening the range of entry price points, rationalising the tail of slow-selling assortment, and further expanding digital touchpoints through third-party marketplaces. We are also strengthening IKEA Food as a key draw for customers seeking exciting and affordable food experiences as part of their store journey. These efforts are supported by significant cost transformation initiatives across our operating markets.
Own Brand
Our reset in Own Brand strategy across Food and Health & Beauty is driving higher customer loyalty and sales penetration through greater exclusivity and value. By refining our product range to align closely with customer needs and maximising cross-selling across our formats, we achieved meaningful improvements in margins and sales productivity.
Access to Customers
We continue to strategically expand our network in high-growth, profitable markets, primarily through a capex-light franchise model, with 114 net new openings3 in 2025. In particular, we will deepen 7-Eleven’s presence in Guangdong province to around 2,400 stores and expand Guardian’s footprint in Indonesia to approximately 750 stores by 2028.
Omnichannel and Data Ecosystem
DFI’s expanded omnichannel ecosystem is elevating our relevance and engagement with customers, providing us deep data insights across daily consumer needs that few peers in Asia can match. This ecosystem now allows our customers to engage with DFI brands across more than 90 digital channels, including apps, websites, third-party marketplaces, quick-commerce partnership with food delivery platforms and click-and-collect services. Our strengthened digital proposition was underpinned by a 140-basis point increase in online sales penetration to 6.4%4 as at year-end 2025, with order volume more than doubled year-on-year. Our overall digital ecosystem, comprising e-commerce, retail media, insights monetisation and yuu, continues to drive improved financial returns for the Group.
Retail Media (DFIQ Media)
Positioned to become Asia’s leading omnichannel retail media network, DFIQ Media offers a differentiated online and offline advertising proposition, enabling brands to execute cross-format campaigns through our digital assets and more than 10,000 in-store digital screens across markets. DFIQ Media delivered strong sales growth, albeit from a low starting base, achieving a fourfold increase in revenue over 2024, supported by proprietary data insights from over 7 million monthly active users across our growing digital portfolio.
DFIQ Portal
We aim to empower our supplier partners with actionable insights that drive greater business impact and better outcomes for customers. The DFIQ Portal – a vendor platform combining DFIQ Media, DFIQ Insights and trade capabilities – was launched in December 2025, providing suppliers real-time access to critical analytics that enables optimised inventory management and more effective strategic planning.
Retail Analytics
Leveraging cross-format data insights from over 5 million yuu Rewards members in Hong Kong, we continue to enhance our assortment and promotional decisions to help expand both in-store sales and gross profit.
Lean & Agile Model
Maintaining a lean and agile operating model is essential to ensuring efficient decision-making in a rapidly evolving retail landscape. Continued cost optimisation and better product sourcing will support both strategic price reinvestment and sustainable margin expansion in the coming years. Overhead reductions are expected to translate into lower SG&A costs beginning 2026. We remain disciplined in capex, driving network growth primarily through a franchise model with a strong focus on paybacks.
Strategic pivot from portfolio to a focused operating company
We conduct strategic reviews of our businesses guided by return on capital and total shareholder return priorities. During the year, we completed the divestment of our minority stakes in Yonghui and Robinsons Retail, as well as our Singapore Food business, generating total gross proceeds of approximately US$1 billion in cash consideration. In line with our capital allocation priorities, these proceeds were redeployed towards debt repayment, resulting in a net cash position of US$70 million as at year-end 2025. In addition, a special dividend of US$600 million was distributed to shareholders in October 2025. The Group remains focused on maximising total shareholder return while maintaining strategic flexibility for inorganic growth opportunities that are accretive to long-term shareholder value.
2025 PERFORMANCE
Total revenue from subsidiaries in 2025 was US$8.9 billion, up 1% on a LFL basis, excluding cigarettes. Organic revenue, excluding divested businesses5 for the comparable period, grew 0.5%. Strong sales growth in the Health & Beauty division was offset by lower contributions from other segments.
Excluding the impact of the minority stake divestments in Yonghui and Robinsons Retail completed in 2025, total revenue for the Group, including 100% of associates and joint ventures, remained broadly stable.
The Group reported total underlying profit attributable to shareholders of US$270 million for the year, up 35% year-on-year. This was supported by improved profitability from subsidiary businesses, lower financing costs and higher underlying profit from associates following the divestment of Yonghui.
Underlying profit from subsidiaries was US$183 million, 15% higher than the prior year. This was driven by strong Health & Beauty performance in addition to earnings recovery in Singapore Food and Home Furnishings segment, partially offset by lower contribution from Convenience due to reduced cigarette volume.
The Group’s share of underlying profit from associates was US$88 million, an improvement of US$45 million compared to the prior year, primarily due to the divestment of minority stake in loss-making Yonghui and higher contribution from Maxim’s as a result of improved mooncake sales and restaurant performance in Southeast Asia. Despite challenging trading conditions in Hong Kong and Chinese mainland, Maxim’s delivered profit growth in these regions through cost optimisation.
The Group reported operating cash flow after lease payments of US$430 million, 30% higher than the prior year, supported by underlying operating profit growth. Free cash flow6 for the period was US$281 million, up 78% year-on-year. As at 31 December 2025, the Group’s net cash was US$70 million, compared to US$468 million net debt at 31 December 2024.
SUSTAINABILITY
We remain firmly committed to our purpose to sustainably serve Asia for generations with everyday moments – with a focused, balanced, collaborative approach taking into account the macroeconomic environment and consumer sentiment. We are driving progress on our pathway to reduce our Scope 1 and 2 emissions by 50% by 2030 from a 2021 baseline, with our targeted investments in refrigerant emissions management, energy efficiency, and behaviour-change initiatives across our operations gaining momentum throughout the year. From 2025 to 2030, we will further increase the share of renewable energy use in our portfolio, helping to accelerate the energy transition in the key markets where we operate.
As advocates for our customers and the communities we serve, we are committed to delivering affordable, sustainable products. In 2025, we delivered 380 tonnes of Own Brand low-carbon rice to our Hong Kong markets and added multiple products through our Grounds to Green programme to our 7-Eleven RTE range. These award-winning initiatives demonstrate our ability to anticipate customer expectations and deliver on market demands. We maintained strong discipline in waste and packaging management, keeping us on track to meet our 2030 targets.
BUSINESS REVIEW
HEALTH AND BEAUTY
Sales for the Health and Beauty division grew 7% year-on-year or 5% on an LFL basis to US$2.6 billion. Underlying operating profit was US$228 million for the year, representing an increase of 8% compared to 2024.
Both Mannings and Guardian achieved strong LFL sales performance, supported by growing wellness sales penetration towards the mid-term target of over 35%. To further strengthen our leadership in wellness – a cross-category opportunity spanning health, beauty and personal care – Mannings and Guardian complemented their wellness-focused assortment with in-store health, skin and scalp assessments in selected outlets. Our personalised consultations and tailored product recommendations deepen our engagement with customers, supporting larger basket sizes and higher purchase conversion.
In Hong Kong and Macau, LFL sales increased by 5%, driven by strong growth in tourist store sales from higher arrivals. Own Brand strategy reset resulted in a 35% improvement in gross profit per SKU through a refined product range that better aligns with customer needs. Sales of Mannings China declined due to the closure of majority of its offline store network as the business pivots towards a cross-border e-commerce model.
Guardian in Southeast Asia reported 5% LFL sales increase, driven by growth in basket sizes across key markets and an expanding e-commerce presence, including the Guardian Malaysia loyalty programme launched in March 2025 and a new Guardian Singapore app in July 2025. Indonesia and Vietnam delivered LFL sales growth exceeding 10%, supported by strong traffic gains. Gross margin expansion and operating leverage contributed to operating profit growth of 16% in the region.
CONVENIENCE
Total Convenience sales were US$2.3 billion, representing a decline of 2% year-on-year or 3% on an LFL basis, due to lower-margin cigarette volume reductions following tax increases in Hong Kong in February 2024. Excluding cigarettes, overall Convenience sales grew 1% compared to 2024 and were marginally lower on an LFL basis. Underlying operating profit was US$97 million, down 6% year-on-year. Favourable sales mix shift towards higher-margin non-cigarette categories drove a return to a positive profit growth in the second half of 2025.
In Hong Kong, the Group expects to mitigate financial impact from declining cigarette sales in 2026 and beyond through continued growth in higher-margin non-cigarette categories, including RTE which accounted for 18% of sales for the full year, up from 16% in 2024.
7-Eleven Singapore reported robust LFL sales growth driven by a stronger RTE proposition and effective promotional campaigns. In South China, continued store network expansion through a capex-light franchise model, including 99 net increase in store number, contributed to 3% sales growth. LFL sales, however, were down 2% largely due to intense subsidy competition from food delivery platforms, primarily in the first half of the year. The focus remains on driving footfall through innovative RTE and Food Bar expansion to 1,250 stores by the end of 2028, compared to 325 as of year-end. Both markets saw meaningful profit growth, supported by a favourable product mix shift and disciplined cost control.
FOOD
Reported sales for the Food division were US$3.0 billion, remaining stable compared to 2024 on an LFL basis. Underlying operating profit reached US$62 million for the year, up 6% year-on-year, driven by earnings recovery in Singapore Food following the distribution of government consumption vouchers in 2025.
In Hong Kong, the Wellcome team strengthened its fresh and value proposition through pricing reinvestment supported by strategic direct sourcing. These efforts included a new partnership with Dingdong Maicai (DDL) since May 2025 for a wider selection of price-competitive fresh produce, as well as the Everyday Value campaign launched in September 2025, offering up to 40% savings on 100 core basket items. The team also accelerated omnichannel growth through broader digital channels – including a quick-commerce partnership with foodpanda and click-and-collect services – and a shortened delivery time to same or next day delivery, driving a more than 20% sales growth in Hong Kong Food online sales. Despite a 1% LFL sales decline compared to the prior year, total volume grew 2% driven by increased transactions and items per basket.
Southeast Asia Food sales performance benefited from multiple rounds of government consumption voucher distribution in Singapore during the year, including S$800 vouchers for each household and S$600 vouchers for individuals in celebration of the nation’s 60th anniversary. These vouchers, which were redeemable at supermarkets and heartland merchants, drove stronger sales in the Food segment. Convenience and Health & Beauty did not see a similar uplift in sales as the vouchers were not applicable to these outlets. Divestment of Singapore Food business was completed in early December 2025. Post-completion, the Group continues to serve the Singapore market through its Guardian and 7-Eleven brands. As the only nationwide modern trade operator in Cambodia, Lucky reported robust LFL sales growth with strong margin expansion on scale benefits.
HOME FURNISHINGS
IKEA reported sales of US$677 million, down 3% year-on-year and 5% on an LFL basis, compared to an 11% LFL sales decline in 2024. Operating profit was US$26 million, representing a meaningful improvement from US$16 million in the prior year, driven by effective cost control measures across markets.
Amid a challenging macro environment and reduced consumer demand for big-ticket items due to subdued real estate market activity, the IKEA team has prioritised enhancing its value proposition and omnichannel presence. Key initiatives include price reductions on high-volume products, rationalisation of non-core assortment, and a broader range of entry price points. In Indonesia, the team has further expanded digital partnerships with third-party marketplaces to improve accessibility, supporting continued progress towards its overall online sales penetration target of 18-20% by 2028. IKEA Food remains a critical traffic and revenue driver, representing 14% of total sales.
These combined with significant cost optimisation efforts in labour, supply chain and infrastructure across markets contributed to a US$10 million improvement in overall profitability.
RESTAURANTS
The Group’s share of Maxim’s underlying profits was US$72 million in 2025, an increase of 9% year-on-year, supported by resilient sales of US$3.1 billion, up 0.4% year-on-year, and ongoing cost optimisation. Improved mooncake sales during the mid-autumn festival and stronger restaurant performance in Southeast Asia was offset by challenging trading environment in Hong Kong and the Chinese mainland. Cost management in these markets also supported overall profit growth. During the year, Maxim’s continued to expand its Southeast Asia network with 84 net new stores added, mainly in Thailand and Vietnam.
OUTLOOK
2025 marked a year of strong progress for DFI, with the strategic reset across our businesses driving improved underlying profitability in both subsidiaries and associates, a stronger ROCE and enhanced shareholder returns. Our strengthened balance sheet and disciplined use of capital provides capacity to reinvest for growth both organically and inorganically, laying a strong foundation as we pursue our financial ambitions of achieving a US$310-350 million underlying profit (+11% CAGR at midpoint compared to 20257) and a 7-10% online sales mix by 2028.
At our inaugural Investor Day, we outlined clear strategic priorities which include strengthening our value proposition, enhancing omnichannel capabilities, accelerating Own Brand innovation, deepening digital monetisation, and leveraging data to deliver better outcomes for both customers and supplier partners.
For the full year of 2026, the Group expects organic revenue growth of approximately 2-3%8 and underlying profit attributable to shareholders to be between US$270 million and US$300 million. Excluding the divestment impact of Singapore Food and Robinsons Retail, this would represent a year-on-year growth of 13-25%.
Looking into 2026 and beyond, I am confident that DFI has developed a renewed foundation as we execute against our strategic priorities to deliver sustained, profitable growth, drive market share gains across our formats and generate long-term returns for our shareholders.
Scott Price
Group Chief Executive
—————– 1 Excluding Singapore Food business and minority stake in Robinsons Retail upon completion of divestment in 2025 2 Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Greater Bay Area
3 Excluding Singapore Food. Divestment of business was completed in early December 2025. 4 Excluding Singapore Food, cigarettes under Convenience and IKEA food 5 Excluding financial contribution from Singapore Food (December 2024) and Hero Supermarket (2024) for comparison purpose 6 Free cash flow is equivalent to cash flows from operating activities after lease payments minus normal capital expenditure
7 Excluding Singapore Food business and minority stake in Robinsons Retail upon completion of divestment in 2025
The issuer is solely responsible for the content of this announcement.
DFI Retail Group
DFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.
At 31 December 2025, the Group and its associates operated 7,580 outlets across 12 markets, of which 5,529 stores were operated by subsidiaries. The Group, together with associates, employed over 79,000 people, with some 42,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025.
The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains.
The Group and its associates, operates a portfolio of well-known brands across five key divisions. The principal brands are:
Health and Beauty
• Mannings on the Chinese mainland, Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore and Vietnam.
Convenience
• 7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China.
Food
• Wellcome and Market Place in Hong Kong S.A.R.; San Miu in Macau S.A.R.; Lucky in Cambodia.
Home Furnishings
• IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan.
Restaurants
• Hong Kong Maxim’s group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.
The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.
A discreet, reservation-led space in TPI Building designed for intimate experiences, elevated service, and a new kind of all-in-one entertainment destination
SINGAPORE – Media OutReach Newswire – 2 March 2026 – Singapore’s nightlife is about to get a new kind of pulse. One that beats smaller, sharper, and far more intentional. Opening on 6 March 2026, Club 666 will debut at TPI Building, positioning itself as Singapore’s first micro club built around exclusivity, discretion, and thoughtfully curated, intimate experiences.
In recent years, the city’s idea of a great night out has shifted. Less “big room, big chaos,” more considered corners, good company, and spaces that feel designed, not accidental. Club 666 arrives with that same instinct, created for guests with busy schedules, little appetite for wasted time, and a growing preference for nights that feel polished rather than frantic. It is a club concept that leans into the art of going smaller, with the confidence that intimacy can be its own kind of luxury.
Inspired by the secretive allure of world-class private clubs, Club 666 is designed for guests who prefer refinement over noise, and atmosphere over volume. The concept is not about scaling up. It is about stripping back, tightening the room, and making every detail count, from the ambience and acoustics to the art of hosting itself. Anchoring the experience are capsule rooms designed for closeness and comfort, creating intimate pockets where groups can settle in, stay present, and move through the night together.
While the space is intentionally intimate, Club 666 is not designed to stay quiet all night. Each evening will feature two signature hype programmes created to shift the room’s energy at key moments, delivering show-led crowd activation and interactive rituals that are designed to feel unexpected, elevated, and distinctly Club 666, without relying on the usual playbook.
Among the club’s signature offerings is a service style not commonly experienced in Singapore’s nightlife landscape, including personal butler service tailored to guest preferences. With a focus on comfort, privacy, and seamless hosting, Club 666 aims to deliver an experience that feels less like a typical night out and more like being welcomed into a carefully orchestrated space, where the night flows and the service anticipates.
Club 666 is helmed by Glenn, who will be known publicly by his first name only. He is also behind The Gentleman’s Club, located within the same building. With plans for another nightlife concept still under wraps, Glenn’s vision for TPI Building is shaping into a one stop destination made up of distinct spaces that move like chapters, each with its own mood, energy, and purpose.
“People go out because they want variety, but the reality is they end up spending half the night moving from place to place,” said Glenn, owner of Club 666. “I want to build a one-stop entertainment hub where guests can experience different moods and environments without wasting time club-hopping. When we do it right, the night flows better, and guests can focus on enjoying themselves.”
What to expect at Club 666
Singapore’s first micro club, built for intimate capacity and elevated ambience
Discreet, curated experiences inspired by private club culture
Personal butler service and hospitality-led nightlife tailored to guest preferences
A new chapter within TPI Building’s evolving entertainment ecosystem
Two signature nightly hype programmes, designed as crowd-led moments you will not find elsewhere in Singapore
More than a dance floor and more than a bar, Club 666 positions itself as a social room for people who value belonging as much as atmosphere. By keeping the experience intentionally intimate, the club aims to make it easier to return, reconnect, and share nights that feel considered from the first arrival to the last song.
The issuer is solely responsible for the content of this announcement.
About Club 666
Club 666 is Singapore’s first micro club, redefining exclusivity through thoughtfully curated, intimate experiences. Inspired by the world’s elite private clubs, Club 666 creates a refined space where discretion, distinction, and elevated lifestyle converge. Located in TPI Building, Club 666 is part of a growing, one stop entertainment vision led by founder Glenn.
Operating Hours: Open daily (including public holidays), 10:00PM to 3:00AM. Extended hours on Saturdays and eves of public holidays: 10:00PM to 4:00AM. Reservations: +65 8414 3466 More information: https://club666-premium.com
By K Raveendran Brent crude ended the week near seven-month highs at roughly $73 a barrel, extending gains of about 16 per cent since the start of the year and injecting a fresh layer of uncertainty into the global macro outlook. Traders are now modelling far wider trading bands for the coming sessions, with several […]
Arabian Post Staff -Dubai The Asian Football Confederation has postponed a series of high-profile continental club fixtures in the West Region, including the coveted match between Cristiano Ronaldo’s Saudi club Al Nassr and Emirati side Al Wasl that was due to be played in Dubai this week, as escalating tensions in the Middle East disrupt sporting calendars. The governing body announced that first-leg ties in the AFC […]
HONG KONG SAR – Media OutReach Newswire – 1 March 2026 – The eighth edition of “No Limits”, jointly presented by the Hong Kong Arts Festival and The Hong Kong Jockey Club Charities Trust, officially opened on 28 February evening at the Auditorium of Kwai Tsing Theatre. The opening programme, The Nature of Why, is performed by Paraorchestra—the world’s first professional inclusive orchestra—offering audiences an immersive arts experience inspired by Nobel Prize–winning physicist Richard Feynman. Fusing live orchestral music, contemporary dance and audience interaction, the work redefines the boundaries of inclusive art.
Under the theme “All of Us, All Ways”, the eighth edition of “No Limits” is committed to revealing the richness of diverse values and connecting people through the arts. For the first time, “No Limits” has collaborated with two of Hong Kong’s flagship performing arts companies—the Hong Kong Dance Company and the Hong Kong Chinese Orchestra—to produce multidisciplinary inclusive programmes. These collaborations aim to inspire new perspectives, demonstrate how inclusive arts are being further integrated into Hong Kong’s cultural mainstream, and open up the limitless imagination that diversity brings.
“No Limits” 2026 presents 11 boundary-breaking programmes across music, theatre, dance and film, in a total of 29 performances. In addition to Paraorchestra’s immersive orchestral-dance production The Nature of Why, highlights include: Wayfaring Beyond, a brand-new large-scale outdoor dance work co-produced by “No Limits” and the Hong Kong Dance Company, and co-choreographed and performed with the award-winning China Hong Kong Para Dance Sport Association; Light and Shadow on Strings, co-produced by “No Limits” and the Hong Kong Chinese Orchestra, featuring visually impaired rising star erhu player Yang Enhua in a concert blending traditional and contemporary Chinese music; the Asia premiere of award-winning contemporary dance work Harmonia by Theatre Bremen and Hungarian choreographer Adrienn Hód, challenging established notions of bodily value in dance; the Asia premiere of Precarious Moves, a semi-autobiographical solo performance by Vienna-based artist Michael Turinsky that confronts social expectations and established frameworks surrounding disabled bodies; “No Limits” Asia newly commissioned theatre work Two Blind Women in the Snowy Tokugawa Nights – Sleeping Fires with renowned director Kuro Tanino; and the Asia premiere of Zer-Brech-Lich, an original playful and sensorial musical dance theatre work by Swiss-based choreographer Alessandro Schiattarella, created and performed with three disabled performers. This year, “No Limits” launches the “Local Creative Research and Development Scheme”, pairing local artists with individuals of diverse abilities to co-create new works exploring inclusive practices. The initiative injects fresh vitality into Hong Kong’s inclusive arts landscape, while research outcomes will be presented during “No Limits” 2026 to showcase the potential of inclusive arts.
Ms Sum Fong-kwang, Vivian, JP, Permanent Secretary for Culture, Sports and Tourism, said: “‘No Limits’ provides a stage for artists with different abilities to showcase their creativity and talents, fostering an inclusive community. It bridges people with different origins, backgrounds and abilities, which on the one hand enriches our arts and cultural offerings, and on the other, showcases the role of creativity as a continuous driver of societal development. I wish this year’s ‘No Limits’ resounding success, and every audience find inspiration and enlightenment through the programmes.”
At the opening ceremony, Mr Sebastian Man, Vice Chairman of the Hong Kong Arts Festival Society, said: “Since its inception in 2019, ‘No Limits’ has promoted inclusion through local and international inclusive arts performances, as well as the Jockey Club ‘No Limits’ Education and Community Outreach Programme, showcasing the remarkable talents of artists with diverse abilities. As we enter the eighth edition, we are delighted to collaborate for the first time with Hong Kong’s flagship arts companies to present two locally produced programmes that embody the spirit of diversity and inclusion. We sincerely thank The Hong Kong Jockey Club Charities Trust, co-presenter of ‘No Limits’, for its long-standing support. We also thank our Strategic Supporting Partner, Arts with the Disabled Association Hong Kong, for providing comprehensive accessibility services to ensure that everyone can experience the power of the arts. Above all, we extend our heartfelt gratitude to every participating artist for their tremendous dedication.”
Mr Nicholas D Hunsworth, Steward of The Hong Kong Jockey Club, said: “In keeping with No Limits’ theme this year “All of Us, All Ways” – a series of community programmes will be presented by artists with varying abilities to promote inclusion. It reminds us that differently abled people are not different at all, but an integral part of a diverse society. The Hong Kong Jockey Club has long supported arts and cultural projects to enrich lives and build a culturally vibrant city – as evidenced by over 50 years’ funding for the Hong Kong Arts Festival. The Hong Kong Jockey Charities Trust – in partnership with the Hong Kong Arts Festival – has co-presented No Limits since its inauguration in 2019.”
Photo Caption: (From left) Ms Ida Lam, Chairperson of the Arts with the Disabled Association Hong Kong; Mr Sebastian Man Shiu-wai, Vice Chairman, Hong Kong Arts Festival Society; Ms Vivian Sum, Permanent Secretary for Culture, Sports and Tourism; Mr Nicholas D Hunsworth, Steward of The Hong Kong Jockey Club; and Ms Flora Yu, Executive Director of the Hong Kong Arts Festival, jointly served as officiating guests for the No Limits 2026 opening ceremony.
Building on its established practices, “No Limits” 2026 continues to advance social inclusion and talent development through a wide range of initiatives under the Jockey Club “No Limits” Education and Community Outreach Programme. These initiatives promote inclusivity and creativity, strengthen networks across the education and community sectors, and lay the foundation for a more empathetic and inclusive society. Programmes include the inclusive dance project VISION, International Symposium The Way Forward: A Humanistic–Tech Framework for Inclusive Innovation, school touring concert The Ways We Move, as well as the “No Limits” Creative Training Programme and Community Showcases.
In addition to live performances, online screening programmes include the documentary A Space in Time by Riccardo Servini and Nick Taussig, which follows a couple and their two sons born with Duchenne muscular dystrophy as they journey forward together; Sarah Polley’s Away from Her, portraying a couple of over 40 years facing early-onset Alzheimer’s disease; Taku Aoyagi’s documentary Fujiyama Cottonton, set at Mirai Farm, which serves people with disabilities, and exploring the beauty of everyday life, creativity and community; and Caroline Cavalcanti’s Lapse, a heart-warming story of two teenagers—a deaf skateboarder and a rap enthusiast—who form a bond through sign language and shared struggles.
Tickets for live performances are now available via URBTIX. Half-price concessionary tickets are offered to full-time students, people with disabilities and one companion, and Comprehensive Social Security Assistance (CSSA) recipients. (www.urbtix.hk/series/124?bannerCode=NL2026) Community programmes are free and open to the public without prior registration. Programmes screened online will be available free of charge on the official website www.nolimits.hk from 30 March to 25 May 2026.
Extending the spirit of inclusion beyond the stage, “No Limits” has also launched a brand-new accessibility-themed plush toys collection. Purchase “No Limits” programme tickets worth HK$500 or more in a single transaction via URBTIX to receive one No Limits Inclusive Plush Toy Redemption Coupon upon ticket collection. Available while stocks last.
Arts Accessibility Services “No Limits” collaborates with the Arts with the Disabled Association Hong Kong to enhance high-quality art projects with accessibility services and ensure that audiences with varying needs can enjoy performances without barriers. Accessibility services differ from programme to programme, and include audio description, accessible captions, sign language interpretation, theatrical interpretation, braille booklets, audio booklets, easy-to-read booklets and relaxed performances. Extra wheelchair seats may be available at the venues, and guide dogs are welcome.
Hong Kong Dance Company & China Hong Kong Para Dance Sport Association
Parade Ground,
Tai Kwun
13-15 Mar 2026
Zer-Brech-Lich
Alessandro Schiattarella and Ensemble
Black Box Theatre,
Kwai Tsing Theatre
17-18 Mar 2026
Precarious Moves
Michael Turinsky
The Box,
Freespace, WestK
21-22 Mar 2026
Harmonia
Unusual Symptoms / Theatre Bremen / Adrienn Hód
The Box,
Freespace, WestK
27-29 Mar 2026
Two Blind Women in the Snowy Tokugawa Nights – Sleeping Fires
Kuro Tanino
Studio Theatre, Hong Kong Cultural Centre
28 Mar 2026
Light and Shadow on Strings
Hong Kong Chinese Orchestra (Chamber Ensemble)
Yang Enhua (Solo and Ensemble)
Auditorium,
Tsuen Wan Town Hall
“No Limits” International Symposium
8 Mar 2026
The Way Forward: A Humanistic–Tech Framework for Inclusive Innovation
JC Cube, Tai Kwun
Online Programmes
Free screening available on “No Limits” website
Programme
Director
30 Mar – 25 May 2026
A Space in Time
Riccardo Servini & Nick Taussig
30 Mar – 25 May 2026
Away From Her
Sarah Polley
30 Mar – 25 May 2026
Lapse
Caroline Cavalcanti
30 Mar – 25 May 2026
Fujiyama Cottonton
Taku Aoyagi
Hashtag: #NoLimits
The issuer is solely responsible for the content of this announcement.
About the Hong Kong Arts Festival
Launched in 1973, the Hong Kong Arts Festival is a major international arts festival committed to enriching the cultural life of the city. In February and March every year, the Festival presents leading local and international artists from all genres of the performing arts, giving equal importance to great traditions and contemporary creations. The Festival also commissions and produces work in theatre, music, chamber opera and contemporary dance by Hong Kong’s own creative talents and emerging artists, many of which have subsequently had successful runs in Hong Kong and overseas. Every year, the Festival also presents more than 250 “PLUS” and educational activities that offer diverse arts experiences to the community as well as tertiary, secondary and primary school students. In addition, through the “No Limits” project co-presented with The Hong Kong Jockey Club Charities Trust, the Festival strives to create an inclusive space for people of different abilities to share the joy of the arts together.
Launched in 2019 and co-presented by the Hong Kong Arts Festival and The Hong Kong Jockey Club Charities Trust, “No Limits” offers barrier-free performances and events and explores and promotes inclusiveness and understanding through the arts.
Every year from February to March, “No Limits” showcases a series of fascinating programmes of music, dance, theatre and film by international and Hong Kong artists of different abilities. It also presents free film screenings as well as education and community programmes including an international symposium.
“No Limits” is committed to provide accessible in-venue performances and programmes for people with different abilities, highlighting creativity and talent in a variety of forms, spreading the message of inclusion to the society.
HONG KONG SAR – Media OutReach Newswire – 27 February 2026 – In his 2026-27 Budget announced on Wednesday (25 February), Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) outlined areas for comprehensively reinforcing the city’s position as a leading international financial hub.
Despite the complex and ever-changing external environment, Mr Chan noted that Hong Kong’s financial market had performed strongly and the city’s financial system remains robust.
HKSAR’s Financial Secretary, Paul Chan (second left), outlines areas for comprehensively reinforcing the city’s position as a leading international financial hub
In 2025, Hong Kong ranked first globally for funds raised through initial public offerings.
“We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the Greater Bay Area,” Mr Chan said. “By doing so, we will enhance Hong Kong’s role as an international financial centre on all fronts and contribute to the national strategic goal of ‘accelerating China’s development as a financial powerhouse’ “.
With Hong Kong being the world’s largest hub for offshore Renminbi (RMB) business, the Financial Secretary said the city would leverage its unique strengths and proactively align with national development strategies.
For advancing the internationalisation of the RMB, Mr Chan said Hong Kong would facilitate the wider use of RMB in activities such as trade and cross-boundary business; reduce transaction costs; enrich product offerings in the offshore RMB market; improve price discovery in the short-to-medium-term-interest-rate market; and attract high-quality issuers to increase RMB bond issuance in Hong Kong.
In 2025, the stock market delivered a stellar performance. The Hang Seng Index rose by 28 per cent over the year. The daily turnover surged by 90 per cent to a historic high of close to $250 billion (US$32 billion).
Mr Chan said the Hong Kong Exchanges and Clearing Limited (HKEX) would continue enhancing the securities market, attracting issuers and boosting market efficiency.
“We will also introduce the next stage of reforms, including enhancing the regulatory regime for listed companies, providing specific guidelines for overseas companies seeking secondary listing in Hong Kong, offering more overseas markets as recognised exchanges, and continuing to explore with the market the provision of an over-the-counter trading platform for delisted stocks or those requiring special handling.
“The electronic bond-trading platform will also be launched in the second half of this year, thereby reinforcing Hong Kong’s position as a global fixed income and currency hub,” he said.
To attract more family offices and funds to set up in Hong Kong, Mr Chan said Hong Kong would enhance the tax regime, including expanding the scope of “fund” to cover specific funds-of-one, as well as classifying digital assets, precious metals, and specified commodities, etc. as qualifying investments eligible for tax concessions.
Regarding the development of digital assets, the Government published the second policy statement for developing Hong Kong into a global hub for digital asset innovation through the establishment of a comprehensive regulatory framework.
A bill will be introduced this year to establish licensing regimes for, among others, digital asset dealing and custodian service providers.
“We will also explore the adoption of electronic signature for bond issuance documents and the digitalisation of bearer bonds,” Mr Chan said.
To promote the application of fintech and enhance the efficiency of the asset management market, the CMU OmniClear, a market infrastructure operator established by the Hong Kong Monetary Authority, will establish a digital asset platform this year. It will support the issuance and settlement of digital bonds. The platform will also be gradually extended to other digital assets and linked with other tokenisation platforms in the region, consolidating Hong Kong’s leading role in the realm of digital assets.
In order to build an international gold trading market in Hong Kong, Mr Chan said the Government would explore offering tax incentives for eligible institutions conducting gold trading and settlement in Hong Kong; assist the industry in setting up an industry-led trade association to consolidate resources, step up promotion, and foster ties with industry stakeholders from around the world; and help the industry keep abreast of the latest gold market developments, acquire relevant skills and develop a training framework.
By Ashok Nilakantan Ayers NEW YORK: When Narendra Modi walked into the Knesset and told Israel’s parliament during his visit to Israel on February 25-26, that “peace and stability in West Asia are directly linked to India’s security,” he was doing more than delivering a diplomatic courtesy. He was planting a flag. India, under its […]
Arabian Post Staff -Dubai Apple is preparing what could become the most significant overhaul of its MacBook Pro line in years, with industry reports pointing to the introduction of an OLED display, touchscreen capability and a redesigned macOS interface that may incorporate elements similar to the Dynamic Island seen on the iPhone. Supply chain disclosures and analyst briefings indicate that the technology group is advancing plans to […]
HONG KONG SAR – Media OutReach Newswire – 26 February 2026 – Fast-tracking innovation and technology (I&T) development is a core feature of the 2026-27 Budget, unveiled yesterday (February 25) by Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR).
Mr Chan said Hong Kong would be stepping up support measures such as computing power, land and capital, to enhance the city’s influence as a global source of original innovation.”Hong Kong’s strengths in innovative scientific research and commercialisation of research outcomes lie in our internationalised qualities, strong research capabilities, support of financial sector and a rich pool of high-calibre talents,” Mr Chan said.
He added that the Government is pressing ahead with the industrialisation of artificial intelligence (AI) and deepening its integration across various industries, while encouraging wider AI application, referred to as AI+, with an initial focus on life and health technology and embodied AI.
HKSAR’s Financial Secretary, Paul Chan, sets out strategies to propel Hong Kong’s innovation and technology development
“I will establish and chair the Committee on AI+ and Industry Development Strategy to formulate strategies and create favourable conditions for AI to empower the transformation and development of industries,” Mr Chan said.
“We are making proactive efforts to align with the National AI+ Initiative by promoting ‘industries for AI’ and ‘AI for industries’ through application.”
The Financial Secretary highlighted that the Hong Kong Artificial Intelligence Research and Development Institute Company Limited will come into operation in the second half of this year, to promote AI+ development and transformation of R&D outcomes and advise the Government on relevant matters.
Professor Sun Dong, Secretary for Innovation, Technology and Industry, echoed the need for holistic development of AI+ development. “When you talk about AI, you cannot just talk about AI research, or just talk about the infrastructure, we have to do it together. Actually, that is what we have been doing in the past three years. Everything is very important.”
Central to the Government’s efforts in promoting I&T is the San Tin Technopole area in the Northern Metropolis development.
“The San Tin Technopole will provide a large piece of land which can help accelerate the commercialisation of R&D results and provide industrial space for prototyping, pilot and mass production,” Mr Chan said. He proposed injecting $10 billion (US$1.28 billion) as initial capital to take forward the development, while leveraging market resources to accelerate the progress.
Mr Chan also earmarked $10 billion (US$1.28 billion) to accelerate the development of the Hetao Hong Kong Park by engaging the market to speed up the disposal of the remaining land parcels under Phase 1 development, providing key infrastructure, further strengthening support to start-ups and establishing a venture fund.
Mr Chan set aside about $220 million (US$28 million) to establish in Hong Kong the first national manufacturing innovation centre outside the Chinese Mainland. This, he said, reflects the Government’s commitment to implementing the Co-operation Agreement on the Development of New Quality Productive Forces and the Promotion of New Industrialisation signed with the Ministry of Industry and Information Technology to promote industrial collaboration.
The Budget also sets out support measures for various technology-related emerging industries. Among them is the aerospace industry. The Office for Attracting Strategic Enterprises will take the lead to identify aerospace enterprises to develop in Hong Kong. Also, the Hong Kong Exchanges and Clearing Limited would review the relevant listing requirements to facilitate and attract the listing of aerospace enterprises in Hong Kong.
Noting that low earth orbit satellites can support the development of high-end industries, Mr Chan said the Government would proactively expand telecommunications infrastructure, streamline the relevant licensing regime and promote future 6G applications.
Meanwhile, the $10 billion (US$1.28 billion) Innovation and Technology Industry-Oriented Fund, introduced by the Government to channel market capital to invest in emerging fields of strategic importance, such as life and health technology, AI and robotics, as well as future industries, is expected to commence operation within this year.
“The key is to popularise the understanding and use of AI by all levels of society,” Mr Chan said.
Arabian Post Staff -Dubai Parkin Company PJSC, Dubai’s principal paid public parking operator, closed the final quarter of 2025 with its strongest earnings performance to date, propelled by an aggressive expansion of paid-for parking spaces and a strategic tariff overhaul that has reshaped the city’s urban mobility revenue landscape. The firm reported a net profit of Dh183.6m for the fourth quarter of 2025, a 53 per cent […]
By Nitya Chakraborty Only a week has passed since the BNP supremo Tarique Rahman has taken over as the Prime Minister of Bangladesh after the resounding victory of his party in the February 12 national elections. The 60 year old PM who is back to the country after an exile of 17 years in Britain, […]
Nordic data centre operator atNorth has confirmed plans to develop a 300MW high-density colocation campus in Sollefteå Municipality, Sweden, marking one of the largest artificial intelligence-focused infrastructure projects announced in the region. The facility, to be built at the Hamre Industrial Park, is scheduled to begin operations in the first half of 2028. Company executives said the campus is designed to meet accelerating demand for AI and […]
Arabian Post Staff -Dubai Former title holders are set to cross paths at the Dubai Duty Free Tennis Championships after the official draw for the ATP 500 event produced a string of high-profile match-ups that promise a week of elite competition at the Dubai Duty Free Tennis Stadium. The men’s tournament, one of the most established stops on the ATP Tour’s Middle East swing, has again attracted […]
United Arab Emirates and Saudi Arabia are set to dominate Middle East sustainable bond issuance this year, with total regional volumes projected to reach between $20 billion and $25 billion, according to S&P Global, as governments and corporations accelerate funding for climate and energy transition goals. The ratings agency estimates that the two largest Gulf economies already accounted for about 80 per cent of sustainable bond issuance […]
Arabian Post Staff -Dubai Cristiano Ronaldo returned to Al Nassr’s starting line-up on Saturday night and marked the occasion with the opening goal in a 2-0 victory over Al Fateh, reinforcing his influence on the Riyadh club’s title ambitions. Back in action after missing the previous fixture, the Portugal captain needed little time to reassert himself. Leading the line with customary authority, Ronaldo broke the deadlock in […]
Bitcoin surged past 69,000 dollars on major exchanges on Tuesday, regaining a price level that has carried both symbolic and technical weight since the previous market cycle. The move marks a rebound from a bout of volatility that had pulled the world’s largest cryptocurrency below key support zones earlier this quarter, drawing renewed attention from institutional investors and retail traders alike. Data from leading trading platforms […]
Abu Dhabi’s ADNOC Gas signalled a marked increase in investment alongside a record financial performance, projecting capital expenditure of $4 billion to $4.5 billion for this year and laying groundwork for expanded processing capacity across key facilities as it pursues its multi-phase Rich Gas Development project. The state-owned company reported full-year net income of $5.2 billion for 2025, a 3 per cent rise from the prior year, […]
Forecasters are positioning what has been one of the weakest La Niña events in years to diminish through the first half of 2026, with climatologists projecting a transition to neutral Pacific conditions between February and April. This shift, shaped by evolving ocean-atmosphere interactions across the equatorial Pacific, could lessen the climatic imprint of La Niña on global weather patterns and open the way for the next stage […]
By Dr. Gyan Pathak The Supreme Court of India ordered extension of time for objections in West Bengal SIR by a week from Feb 14, which in the notified date for publication of the final electoral roll for the state. It has pointed out problem with the “software” that is being used in the Special […]
Consolidated net loss attributable to equity holders of the Company: HK$69 million (HK$230million)
Basic loss per share: 3.38 HK cents (11.29 HK cents)
No final dividend (No final dividend)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2025.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 1,046 million, representing an increase of 51% compared to the revenue of HK$ 695 million in 2024.
The consolidated net loss attributable to equity holders of the Company for the year of 2025 was HK$ 69 million, compared to the net loss of HK$ 230 million in 2024.
Basic loss per share for 2025 was 3.38 Hong Kong cents compared to the loss per share of 11.29 Hong Kong cents for the previous year.
The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2025.
In 2025, PCPD achieved robust full-year results, driven by the sustained surge in international travel across our key Asian markets, our operational strengths, and the continued recognition of our high-quality portfolio. This performance was underpinned predominantly by contributions from two segments: Park Hyatt Niseko, Hanazono, our hospitality business in Hokkaido, which delivered a notable rise in occupancy and revenue, and our ski and recreation operations in Niseko, Hokkaido, which also saw a surge in demand and revenue.
Park Hyatt Niseko, Hanazono, our hotel operations in Hokkaido, delivered a robust performance in 2025, as the boom in Japan‘s tourism sector continued throughout the year, again with record-breaking tourist arrivals. The average occupancy rate of Park Hyatt Niseko increased by 4 percentage points.
During the winter season of 2024/2025, total ski-lift and gondola rides increased 9% year-on-year. The travel surge continued to drive robust demand for our recreational business in Niseko well beyond the cold months.
In Phang Nga, Thailand, the Group has sold or reserved 40% of Phase 1A villas. The Group’s revenue from its property development in Thailand totalled HK$14 million for the year ended December 31, 2025, compared to no revenue in 2024.
We formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to the prestigious integrated resort community of Aquella in Phang Nga. The move represents a significant milestone in PCPD‘s long-term vision of transforming Aquella into a visionary integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
In Jakarta, Indonesia, the occupancy of our premium commercial building, Pacific Century Place, Jakarta (“PCP Jakarta”), was stable throughout the year, and the project remained a consistent revenue contributor to the Group. As of December 31, 2025, the office space committed occupancy was 87%, compared to 85% in the previous year.
Development of the superstructure of the Group‘s project at 3–6 Glenealy, Central, Hong Kong, has been progressing well. We have reached a key structural milestone, with the superstructural work now completed and installation of the curtain walls progressing at pace. The name of the development has also been unveiled as “Central Residence by the Park”, and its completion is scheduled for the first half of 2026.
In the long run, we remain cautiously optimistic about the long-term outlook for property sectors in Hong Kong, Japan, Thailand and Indonesia. With PCPD‘s disciplined execution and proactive risk management, we have confidence in our ability to drive continued growth and deliver sustained value.
Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “We will maintain our prudent yet proactive approach, allocating resources carefully and pursuing value-enhancing initiatives. Our priority remains to drive sustainable growth, improve profitability, and deliver solid returns to shareholders and 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.
By Nitya Chakraborty The announcement on India-US trade deal was expected, but the manner in which both President Donald Trump and Prime Minister Narendra Modi did the same in social media has led to big confusion. After a phone call with Narendra Modi, Trump claimed on Monday that the US had reached a trade arrangement […]
Dubai has unveiled plans to construct what officials describe as the world’s first villa assembled entirely by robots, marking a sharp acceleration in the city’s push to industrialise construction and reduce reliance on manual labour. The pilot project, scheduled to rise at Expo City Dubai, will test whether fully automated systems can deliver a complete residential unit from foundation to finish without on-site human builders. Authorities say […]
Sony is keeping the PlayStation 6 firmly out of public view even as speculation over its arrival intensifies, with industry signals suggesting the company is prioritising longevity and performance gains for the PlayStation 5 rather than rushing a generational shift. Market expectations have clustered around a PS6 launch window between 2027 and 2029, but Sony’s current strategy points to a longer runway for the PS5, underpinned by […]
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By Dr. Gyan Pathak The Supreme Court of India ordered extension of time for objections in West Bengal SIR by a week from Feb 14, which in the notified date for publication of the final electoral roll for the state. It has pointed out problem with the “software” that is being used in the Special […]
