New World Development: Debt reduction efforts have proven effective, with a sales target of HK$27 billion for the new financial year.

New World Development Limited disclosed the performance report of the 2025 fiscal year ending on June 30. The performance report of New World Development shows that the sales of property contracts in Hong Kong and Mainland China amounted to 26 billion Hong Kong dollars during the reporting period, with 11 billion Hong Kong dollars contributed by projects in Hong Kong and 14 billion Chinese yuan in sales from the Mainland. New World Development stated that it successfully achieved the annual sales target for the 2025 fiscal year, and the sales target for the 2026 fiscal year will be raised to 27 billion Hong Kong dollars. Flora Wong, Executive Director and CEO of New World Development, said: "Our debt reduction efforts have shown results, with total debt and net debt both decreasing for the full 2025 fiscal year, while cash flow has also improved significantly, returning to positive territory, reflecting that the financial condition of the group has stabilized."