Group 1 - The core viewpoint of the article highlights the financial performance of 思捷环球 (Global Brands Group), indicating a significant decline in revenue and a notable reduction in net loss for the fiscal year ending December 31, 2025 [2] Group 2 - The revenue from continuing operations for the company was HKD 20.477 million, representing a year-on-year decrease of 51.25% [2] - The net loss for the company was HKD 20.538 million, which shows a substantial narrowing of 98.33% compared to the previous year [2] - The loss per share was reported at HKD 0.0725 [2]

Core Viewpoint - The company reported a significant decline in revenue for the fiscal year ending December 31, 2025, while also showing a substantial reduction in net loss compared to the previous year [1] Financial Performance - Revenue from continuing operations was HKD 20.477 million, representing a year-on-year decrease of 51.25% [1] - The net loss for the period was HKD 20.538 million, which is a 98.33% reduction compared to the previous year [1] - Earnings per share were reported at a loss of HKD 0.0725 [1]

Financial Performance - For the fiscal year ending December 31, 2025, the company reported total revenue of HKD 20,477,000, a decrease of 51.2% compared to HKD 42,007,000 for the previous year[4] - The gross profit for the fiscal year was HKD 20,477,000, down from HKD 40,703,000, indicating a significant decline in profitability[4] - The operating loss from continuing operations was HKD 38,682,000, compared to a loss of HKD 268,793,000 in the previous year, showing an improvement in operational efficiency[4] - The net loss attributable to shareholders was HKD 20,538,000, a reduction from HKD 1,226,795,000 in the prior year, reflecting a substantial decrease in overall losses[5] - Total revenue from external customers for the fiscal year ending December 31, 2025, is projected to be HKD 20,477,000, a significant decrease from HKD 1,592,555,000 in the previous year[26] - The company reported a significant reduction in employee costs to HKD 31,139,000 from HKD 101,311,000 in the previous year[28] - Operating expenses for the current year decreased to approximately HKD 60 million, an 80% reduction from approximately HKD 307 million in the corresponding year, excluding one-time items[53] - The company reported a net loss attributable to shareholders of approximately HKD 21 million for the current fiscal year, significantly reduced by 98% from a net loss of approximately HKD 1.227 billion in the corresponding year[52] Cash Flow and Liquidity - The company's cash and bank balances stood at HKD 54,564,000, down from HKD 79,436,000, indicating a need for improved cash flow management[6] - The board has reviewed cash flow forecasts for the next 18 months, indicating confidence in meeting financial obligations[7] - The company plans to implement measures to improve liquidity and ensure sufficient financing for future business development[7] - The group has secured a total loan financing of HKD 335 million as of December 31, 2025, compared to HKD 220 million as of December 31, 2024, to support general working capital needs[8] - As of December 31, 2025, the group has drawn down HKD 125.687 million of the loan financing, up from HKD 109 million as of December 31, 2024, with an unused loan balance of HKD 209.313 million[8] - Net cash decreased by approximately HKD 24 million to about HKD 55 million as of December 31, 2025, influenced by a net cash outflow of approximately HKD 63 million from business operations[65] Restructuring and Strategic Initiatives - The company has initiated a comprehensive restructuring plan to address unsustainable cost structures and ongoing losses in its capital-intensive retail and distribution model[7] - The restructuring aims to reduce fixed costs and inventory risks while improving working capital efficiency, allowing the management team to focus on brand building[49] - The company is transitioning to a light-asset business model focused on franchising, moving away from capital-intensive operations[18] - The company is focusing on a licensing-driven model to accelerate market expansion while minimizing capital burden and inventory risk[85] - The company is actively exploring potential opportunities in traditional retail, e-commerce, and wholesale fashion sectors as overall conditions improve[55] Market and Operational Developments - The group continues to explore strategic partnerships and licensing opportunities to enhance market penetration and diversify revenue sources[8] - The company has successfully optimized its licensing partner network, establishing strategic alliances in key markets, particularly Greater China and North America[58] - In the fourth quarter of 2025, the company's partners successfully entered major e-commerce platforms in mainland China, with a strong emphasis on digital expansion[86] - The company plans to open physical retail stores in key cities in mainland China, enhancing brand visibility and consumer engagement[86] - The flagship store in Causeway Bay, Hong Kong, is set to open in November 2025, marking a strategic return to a core market and enhancing brand visibility[87] Legal and Compliance Matters - The company has received a summons related to the bankruptcy of Esprit Europe, with claims involving over €56.48 million in share transfers and €28.2 million in intra-group receivables[82] - The company is actively monitoring legal proceedings related to Esprit Europe and is taking appropriate measures to protect its interests[83] - The audit committee, composed of three independent non-executive directors, has reviewed the financial reporting and accounting practices of the group[92] - The company has adhered to the corporate governance code and standards as outlined in the listing rules throughout the year[95] Shareholder and Capital Management - The total issued shares decreased to 283,081,734 from 2,830,817,343 due to a share consolidation and capital reduction[39] - The company did not engage in any capital raising activities during the year[39] - The company implemented a share consolidation, reducing the nominal value of shares from HKD 1 to HKD 0.1[37] - The company did not grant any share options under the 2018 Share Option Scheme during the year, with a total of 28,308,173 options available for grant as of December 31, 2025[44] - The board has resolved not to declare a final dividend for the year due to a net loss recorded by the company[80] Industry Outlook - The global licensing industry is expected to experience strong growth, with major players like Disney and Authentic Brands Group achieving retail licensing revenues of approximately USD 62 billion and USD 32 billion, respectively, in 2024[50] - The global licensing industry is projected to achieve retail sales of $369.6 billion in 2024, reflecting a year-on-year growth of 3.7%[51] - The fashion sector is expected to be one of the strongest categories in 2024, with a year-on-year growth of 8.1%, indicating robust consumer demand for branded products[51] - The global fashion industry is expected to see low single-digit growth in the coming year, with macroeconomic pressures impacting consumer sentiment[84]

Group 1 - The company, Esprit Holdings Limited (00330.HK), announced a board meeting scheduled for March 30, 2026, to consider and approve the annual results for the year ending December 31, 2025, and to discuss the potential distribution of a final dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） 除非另有指定，本公告所列的日期乃指香港時間。 股份代號：00330 董事會會議召開日期 思捷環球控股有限公司（「本公司」）之董事會（「董事會」）公佈將於二零二六年三月 三十日（星期一）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司 截至二零二五年十二月三十一日止年度之末期業績及其發佈，以及考慮派發末期股 息（如有）。 承董事會命 思捷環球控股有限公司 公司秘書 思捷環球控股有限公司 文惠存 香港，二零二六年三月十七日 於本公告日期，董事會由以下董事組成： | 執行董事： | 獨立非執行董事： | | --- | --- | | WRIGHT Bradley Stephen先生 | 劉行淑女士 | | 李慧女士 | 廖翠芳女士 | | 劉簡怡女士 | 勞建青先生 | | | 余仲良先生 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 思捷環球控股有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00330 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.1 HKD | | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.1 HKD | | | 3,000,000,000 | 本月底法 ...

Core Viewpoint - The company, Esprit Holdings Limited (00330.HK), expects to report an unaudited consolidated loss attributable to shareholders of approximately HKD 7 million for the fiscal year ending December 31, 2025, a significant reduction compared to a loss of approximately HKD 1.227 billion for the same period in 2024 [1] Group 1 - The anticipated loss reduction is primarily due to a substantial decrease in operating expenses from continuing operations [1] - The company has also benefited from non-recurring termination merger gains resulting from its restructuring plan [1]

Core Viewpoint - The company anticipates a significant reduction in shareholder losses for the fiscal year ending December 31, 2025, projecting an unaudited consolidated loss of approximately HKD 7 million, compared to a loss of about HKD 1.227 billion for the fiscal year ending December 31, 2024. This improvement is attributed to a substantial decrease in operating expenses and non-recurring termination merger income from the group's restructuring plan [1][2]. Group 1: Financial Performance - The company reported a net loss of approximately HKD 29 million for continuing operations in the current year, a significant decrease from a net loss of about HKD 287 million in the comparative year, primarily due to a drastic reduction in operating expenses [2]. - Operating expenses for the current year decreased to approximately HKD 45 million, down about 86% from approximately HKD 311 million in the comparative year, excluding non-recurring items [2]. - The reduction in operating expenses is linked to the termination of the European trademark licensing business, which has led to the elimination of related cost bases [2]. Group 2: Restructuring and Business Model Transition - The current year marks a critical turning point for the company as it embarks on a strategy to transition towards a light-asset and licensing-focused business model following a comprehensive restructuring initiated in 2024 [1]. - The company's revenue for the current year is maintained at a low level of approximately HKD 20 million, compared to about HKD 42 million in the comparative year, primarily due to the termination of licensing income from the European trademark [1]. - The transfer of the European trademark to Deichmann SE's wholly-owned subsidiary was executed as part of a settlement agreement resulting from the court-approved self-administration process of the company's former German subsidiary [1].

Core Viewpoint - The company anticipates a significant reduction in shareholder losses for the fiscal year ending December 31, 2025, projecting an unaudited consolidated loss of approximately HKD 7 million, compared to a loss of about HKD 1.227 billion for the fiscal year ending December 31, 2024. This improvement is attributed to a substantial decrease in operating expenses from continuing operations and non-recurring termination merger gains from the group's restructuring plan [1]. Group 1: Financial Performance - The company reported a net loss of approximately HKD 29 million from continuing operations for the current year, a decrease from a net loss of about HKD 287 million in the comparative year, primarily due to a significant reduction in operating expenses [2]. - Operating expenses for the current year decreased to approximately HKD 45 million, down about 86% from approximately HKD 311 million in the comparative year, after excluding non-recurring items [2]. - The reduction in operating expenses is linked to the termination of the European trademark licensing business, which has led to the elimination of related cost bases [2]. Group 2: Business Transition - The current year marks a critical turning point for the company as it transitions to a light-asset and licensing-focused business model following a comprehensive restructuring initiated in 2024 [1]. - The company's revenue for the current year is maintained at a low level of approximately HKD 20 million, compared to about HKD 42 million in the comparative year, primarily due to the termination of licensing income from the European trademark [1]. - The transfer of the European trademark to Deichmann SE's wholly-owned subsidiary was executed as part of a settlement agreement resulting from the court-approved self-management process of the company's former German subsidiary [1].

Group 1 - The company expects to record an unaudited consolidated loss attributable to shareholders of approximately HKD 7 million for the fiscal year ending December 31, 2025, compared to a loss of approximately HKD 1.227 billion for the fiscal year ending December 31, 2024 [1] - The reduction in loss is primarily attributed to a significant decrease in operating expenses of continuing operations and non-recurring termination benefits arising from the company's restructuring plan [1]