澳博控股(00880) - 2024 - 年度业绩

Financial Performance - The company's gaming net revenue for the year ended December 31, 2024, was HKD 26,846 million, representing a 33.8% increase from HKD 20,059 million in 2023[3]. - Adjusted EBITDA for the group was HKD 3,764 million, up 117.9% from HKD 1,727 million in the previous year[3]. - The profit attributable to the company's owners was HKD 3 million, a significant recovery from a loss of HKD 2,010 million in 2023[3]. - The total revenue from hotel, dining, retail, leasing, and related services was HKD 2,186 million, reflecting a 20.4% increase from HKD 1,815 million in 2023[3]. - Total net revenue increased by 33.0% from HKD 21,623 million in 2023 to HKD 28,769 million in 2024[53]. - The group reported a pre-tax profit of HKD 158.8 million in 2024, a significant improvement from a loss of HKD 1,838.9 million in 2023[26]. - The total gross gaming revenue for the group was HKD 28,824 million, up 35.9% from HKD 21,204 million in 2023[56]. Revenue Breakdown - The group reported segment revenue for the gaming business of HKD 26,846.1 million in 2024, up from HKD 20,059.2 million in 2023, representing a growth of 33.9%[25]. - The hotel, restaurant, retail, and leasing business generated segment revenue of HKD 1,922.8 million in 2024, compared to HKD 1,564.0 million in 2023, reflecting an increase of 22.9%[25]. - The gross gaming revenue from the integrated resort reached HKD 5,238 million, a 94.7% increase compared to HKD 2,690 million in 2023[58]. - Casino gross gaming revenue increased by 18.4% to HKD 5,241 million from HKD 4,428 million[62]. - Satellite casino revenue grew by 24.9% to HKD 10,797 million from HKD 8,647 million[63]. Assets and Liabilities - The group’s total assets less current liabilities amounted to HKD 41,791.5 million as of December 31, 2024[9]. - The total assets decreased to HKD 48,724.9 million in 2024 from HKD 49,739.7 million in 2023, reflecting a decline of 2.0%[30]. - The total liabilities of the group decreased to HKD 34,548.9 million in 2024, down 3.1% from HKD 35,654.5 million in 2023[30]. - The company's financing costs were HKD 1,892.6 million, slightly down from HKD 1,930.1 million in the previous year[8]. - Non-current liabilities decreased from HKD 30,379.0 million in 2023 to HKD 27,615.5 million in 2024, a reduction of approximately 9.2%[10]. - The total outstanding bank loans as of December 31, 2024, was HKD 134.99 billion, down from HKD 152.36 billion on December 31, 2023[73]. Cash Flow and Financial Position - The company recorded cash, bank balances, and short-term bank deposits of HKD 3,217 million, with total debt amounting to HKD 26,458 million as of December 31, 2024[7]. - As of December 31, 2024, the group's cash and bank balances amounted to HKD 22.08 billion, a decrease of 37.7% from HKD 35.42 billion on December 31, 2023[73]. - The group's asset-liability ratio at the end of the reporting period was 51.1%, compared to 52.2% on December 31, 2023[74]. - The group has issued priority notes and convertible bonds totaling HKD 109.52 billion as of December 31, 2024, slightly up from HKD 109.07 billion on December 31, 2023[73]. Employee and Operational Insights - The group employed approximately 20,400 full-time employees as of December 31, 2024, with a low employee turnover rate[80]. - The group’s pre-tax profit for 2024 was impacted by total employee benefits costs of HKD 6,297.5 million, up from HKD 5,723.3 million in 2023[40]. Future Plans and Developments - The company plans to maintain a strong financial position to achieve sustainable long-term growth[54]. - The company will continue to focus on its operations in Macau while considering expansion opportunities in Asia[54]. - The company plans to acquire and convert office properties in Hengqin into a three-star hotel to expand its mid-range hotel market[66]. - The company will enhance its event hosting capabilities by adding two new venues at the Venetian, increasing capacity by 132%[69]. - The group plans to continue participating in promotional activities to enhance the "Pousada" brand's visibility and attract diverse tourist markets in 2025[70]. - The group aims to expand high-end service experiences and diversify tourism services to contribute to sustainable tourism development in Macau[71]. Accounting and Compliance - The group is currently evaluating the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[21]. - The new accounting standards will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[21]. - The group's consolidated financial statements for the year ended December 31, 2024, have been reviewed by the audit committee and confirmed by Deloitte[88]. - The auditor's report for the financial statements of the two years did not contain any reservations or emphasize any matters[89]. - The company has submitted financial statements for the year ended December 31, 2023, to the Companies Registry in accordance with Hong Kong Companies Ordinance[88].