KRP Development’s Profit and Revenue Decline Despite Solid Balance Sheet in FY2026

KRP Development Holdings Limited ( (HK:2421) ) has shared an update.

KRP Development Holdings reported revenue of RMB141.2 million for the year ended 31 March 2026, down 22% year on year, with profit before tax falling 36% to RMB33.7 million and profit attributable to shareholders declining 26% to RMB14.9 million. The results reflect weaker operating performance despite smaller valuation losses on investment properties and no further inventory write-downs, with cash and cash equivalents rising but earnings per share dropping to 2.9 RMB cents and no final dividend declared, signaling pressure on returns for shareholders and a more cautious capital stance.

Total assets less current liabilities increased modestly to RMB920.1 million, supported by higher property, plant and equipment and deferred tax assets, while investment properties held broadly steady. The Group’s net current assets remained robust at RMB587.8 million, indicating solid liquidity even as profitability softened, a mixed picture that underscores both balance sheet resilience and ongoing challenges in sustaining growth and margins in its property portfolio.