Revenue and Profitability - Revenue for the six months ended December 31, 2024, was HK$267,622,000, a significant increase from HK$105,134,000 for the same period in 2023, representing a growth of 154%[9] - Gross profit for the same period was HK$90,946,000, compared to HK$67,001,000 in the previous year, indicating a growth of 36%[9] - The company reported a loss before taxation of HK$88,371,000, which is an increase from a loss of HK$36,805,000 in the prior year[9] - Total comprehensive loss for the period was HK$94,750,000, compared to HK$42,237,000 in the same period last year, reflecting an increase in losses of 124%[9] - The diluted loss per share attributable to owners was HK$6.94, compared to HK$2.64 in the previous year, indicating a worsening of financial performance[9] - The company reported a net loss of HK$95,024,000 for the six months ended December 31, 2024, compared to a loss of HK$36,131,000 for the same period in the previous year[13] Expenses and Costs - General and administrative expenses rose to HK$150,567,000 from HK$80,449,000, marking an increase of 87%[9] - Finance costs increased to HK$45,672,000 from HK$27,252,000, representing a rise of 68%[9] - Total staff costs for the six months ended December 31, 2024, were HK$76,842,000, significantly higher than HK$32,958,000 for the same period in 2023, indicating an increase of approximately 133%[77] - Utilities expenses increased by approximately 157.6% to approximately HK$8.4 million compared to approximately HK$3.3 million in the Previous Period[185] Assets and Liabilities - As of December 31, 2024, total assets increased to HK$2,611,579,000 from HK$2,324,298,000 as of June 30, 2024, representing an increase of approximately 12.3%[10] - Current liabilities rose to HK$969,022,000 as of December 31, 2024, compared to HK$600,621,000 as of June 30, 2024, indicating a significant increase of approximately 61.2%[10] - Non-current liabilities totaled HK$720,518,000 as of December 31, 2024, up from HK$706,888,000 as of June 30, 2024, reflecting a slight increase of about 1.8%[11] - The company's net assets decreased to HK$922,039,000 as of December 31, 2024, down from HK$1,016,789,000 as of June 30, 2024, a decline of approximately 9.3%[11] Cash Flow - For the six months ended December 31, 2024, the net cash used in operating activities was HK$46,515,000, a significant decrease compared to the net cash generated of HK$18,335,000 for the same period in 2023[18] - The net cash generated from investing activities was HK$6,112,000, a recovery from a net cash used of HK$53,268,000 in the previous year[20] - The net cash generated from financing activities was HK$304,488,000, down from HK$601,726,000 in the prior period, indicating a decrease of approximately 49.5%[20] - The total cash and cash equivalents at the end of the period stood at HK$682,686,000, down from HK$1,051,678,000 at the end of December 2023[20] Taxation and Disputes - The company has ongoing tax disputes in the Philippines with the Bureau of Internal Revenue (BIR) amounting to approximately Php5,009,650,000 for the years 2008, 2012, 2014, 2015, 2018, and 2019[83] - The Court of Tax Appeal (CTA) ruled in favor of the company regarding the 2015 tax assessment, ordering the BIR to refund Php426,000,000 previously collected[84] - The company has not made any provisions for the tax disputes in its financial statements for the six months ended 31 December 2024 and 2023, despite the potential obligations[91] Segment Performance - The Group's revenue from gaming operations increased significantly from approximately HK$71.0 million for the six months ended 31 December 2023 to approximately HK$240.0 million for the current period[178] - Revenue from hotel operations for the six months ended December 31, 2023, was HK$34,111,000, while gaming operations generated HK$71,023,000[53] - The Group's hotel operation revenue for the period was approximately HK$27.6 million, down from approximately HK$34.1 million in the previous period due to renovations[179] Financial Position and Equity - The equity attributable to owners of the company decreased to HK$922,039,000 as of December 31, 2024, from HK$1,016,789,000 as of June 30, 2024, a decrease of approximately 9.3%[11] - The company’s retained profits decreased to HK$1,196,193,000 as of December 31, 2024, down from HK$1,291,217,000 as of July 1, 2024, a decline of approximately 7.4%[13] - The Group did not propose any interim dividend for the six months ended 31 December 2024, consistent with the previous year[102] Other Financial Metrics - The Group recorded a net foreign exchange gain of approximately HK$3.5 million, compared to a net loss of approximately HK$12.0 million in the previous period[181] - The Group recognized a fair value gain of HK$17,000 for the six months ended December 31, 2024, compared to a fair value loss of HK$225,000 in the same period of 2023[120] - The Group recognized a gain on redemption of convertible bonds on maturity amounting to HK$3,208,000 for the six months ended December 31, 2024[74]
国际娱乐(一万)(01009) - 2025 - 中期财报