HKMC said interim profit after tax rose to HK$3.0 billion in 1H 2026, supported by annuity and reverse mortgage accounting effects and higher investment income.

The Hong Kong Mortgage Corporation Limited said its unaudited consolidated profit after tax rose sharply in the first half of 2026, helped by a reversal of reverse-mortgage accounting losses, a smaller annuity-related loss and higher investment income from placements with the Exchange Fund. The government-owned lender also reported higher corporate debt issuance and a larger digital-bond debut across Hong Kong dollar and renminbi tranches, according to its interim-results highlights released on 26 October 2026.

HKMC said unaudited consolidated profit after tax for 1H 2026 was HK$3.0 billion, compared with HK$53.3 million in 1H 2025. The company said the increase was primarily driven by the reversal of an accounting loss from the reverse mortgage business amid a property market rebound, a narrower accounting loss in the annuity business, and higher investment income from an enlarged placement size and higher returns, according to the release dated 26 October 2026.

To better reflect core performance, HKMC said adjusted profit after tax was HK$1,083 million in 1H 2026, versus HK$874 million a year earlier, after excluding the results of HKMC Annuity Limited, property-price effects on the long-term reverse mortgage business and consolidation adjustments related to loan portfolios with insurance cover from HKMC Insurance Limited. On that basis, the annualised return on equity was 7.2%, up from 6.2%, while the cost-to-income ratio improved to 11.7% from 14.2%, the company said.

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