Financial Performance - Total revenue for the year ended June 30, 2024, was HKD 275,244,000, representing a 26.8% increase from HKD 217,097,000 in 2023[2] - Operating expenses increased to HKD 570,558,000, up 36.4% from HKD 418,208,000 in the previous year[2] - The company reported an operating loss of HKD 295,314,000, compared to an operating loss of HKD 201,111,000 in 2023, reflecting a 46.7% increase in losses[2] - The pre-tax loss for the year was HKD 319,857,000, significantly higher than the pre-tax loss of HKD 84,846,000 in 2023[3] - The net loss for the year was HKD 319,187,000, compared to a net loss of HKD 85,555,000 in the previous year, indicating a 273.5% increase in losses[3] - The group reported a total segment loss of HKD 280,340,000 for the year, compared to a loss of HKD 46,094,000 in the previous year[16] - The group reported a loss attributable to the owners of approximately HKD 182,779,000 and a net cash outflow from operating activities of approximately HKD 332,107,000 for the year ended June 30, 2024[9] - The company reported a basic and diluted loss per share of HKD 23.37, compared to HKD 3.33 in 2023, indicating a significant increase in loss per share[4] - The group recorded a net loss of approximately HKD 54,100,000 for other losses for the year ended June 30, 2024, compared to a loss of about HKD 500,000 in 2023[69] Assets and Liabilities - Non-current assets totaled HKD 907,286,000, an increase from HKD 678,044,000 in 2023, marking a 33.8% growth[5] - Current assets increased to HKD 351,513,000, up from HKD 281,527,000 in 2023, representing a 24.8% increase[5] - Total liabilities decreased to HKD 1,052,900,000 from HKD 1,058,135,000 in the previous year, showing a slight reduction[6] - The company's equity attributable to owners decreased to HKD 458,270,000 from HKD 520,051,000, reflecting a decline of 11.9%[7] - Trade payables increased to HKD 35,541,000 as of June 30, 2024, compared to HKD 14,690,000 in the previous year, indicating a significant rise in liabilities[42] - The total loans outstanding as of June 30, 2024, amounted to approximately HKD 532,586,000, with available undrawn loan facilities of approximately HKD 621,737,000[10] - The total loans of the group as of June 30, 2024, were approximately HKD 532.8 million, up from approximately HKD 253.5 million in 2023, with HKD 20.8 million due within one year[78] - The non-current liabilities as of June 30, 2024, are HKD 511,938,000, significantly up from HKD 20,296,000 in 2023[45] Revenue Sources - Revenue from match day income increased significantly to HKD 30,499,000 from HKD 16,060,000, representing an increase of 90.5%[12] - The group generated revenue of HKD 5,590,000 from new energy vehicles and related businesses, which was not present in the previous year[12] - Revenue from external customers in the UK increased to HKD 239,633,000 in 2024, up from HKD 186,206,000 in 2023, representing a growth of 28.6%[18] - The group’s football division recorded revenue of approximately HKD 239,800,000, reflecting a growth of about 28.5% compared to the previous year[59] - The profit from the sale of player registrations for the year ended June 30, 2024, was approximately HKD 151,700,000, significantly up from HKD 20,100,000 in 2023[70] - Rental income from investment properties in Cambodia amounted to approximately HKD 28,200,000 for the year ending June 30, 2024[61] Business Segments and Strategic Changes - The group has four reportable segments as of June 30, 2024, including a professional football club in the UK, new energy vehicles, property investment, and healthcare business[15] - The group completed the sale of its entire interest in Medi Hub for a total consideration of approximately HKD 312,000, leading to the termination of its healthcare business[14] - The group has established a strategic cooperation agreement with leading automotive manufacturers for the development of new energy vehicles, enhancing its market position[56] - The group plans to focus on expanding its new energy vehicle business, targeting markets in Japan, the United States, Canada, South America, Southeast Asia, and the Middle East[56] - The group has decided to terminate its healthcare business due to underperformance and will reallocate resources to expand other business segments[57] Financial Management and Costs - The group incurred financing costs of approximately HKD 36,800,000 for the year ended June 30, 2024, an increase of about 67.1% from HKD 22,000,000 in 2023[73] - The group has implemented cost control measures to monitor daily operational and administrative expenses[78] - The total employee costs for the group amounted to approximately HKD 381.8 million for the year ending June 30, 2024, compared to approximately HKD 319.1 million in 2023, reflecting an increase in workforce[86] - The group’s current ratio as of June 30, 2024, was approximately 129.5%, up from 43.8% in 2023[77] Other Financial Information - The company did not declare or propose any dividends for the years ended June 30, 2024, and 2023[32] - The company sold its 100% stake in Medi Hub for approximately HKD 312,000 on March 15, 2024[29] - The company reported a foreign exchange loss of HKD 7,060,000 in 2024, compared to HKD 3,216,000 in 2023[22] - The company’s expected credit loss provision for trade receivables was HKD 6,148,000, reflecting a weighted average expected loss rate of 43.9% for amounts overdue beyond 90 days[40] - The company held related party receivables of HKD 46,410,000 as of June 30, 2024, primarily from Birmingham City Stadium Ltd[43] - The company changed its name from "Birmingham Sports Holdings Limited" to "ZO Future Group" effective September 11, 2023, reflecting a strategic rebranding[85]
大象未来集团(02309) - 2024 - 年度业绩