Financial Performance - The company's revenue for the year ended March 31, 2025, was approximately HKD 615 million, a decrease of about 19.8% compared to the revenue of HKD 766.6 million for the fifteen months ended March 31, 2024[6]. - Revenue from digital payment and related businesses decreased by approximately HKD 148.4 million to about HKD 307.3 million, primarily due to reduced consumer spending and intense competition in the Macau digital payment market[6]. - The lottery business revenue decreased by approximately HKD 71 million to about HKD 239.9 million, attributed to supply shortages in several provinces in China[7]. - The company recorded an operating loss of approximately HKD 71.8 million for the year ended March 31, 2025, compared to an operating loss of HKD 44.8 million for the fifteen months ended March 31, 2024[7]. - The net loss for the year ended March 31, 2025, was approximately HKD 98.6 million, a significant decline from a profit of HKD 30.7 million for the fifteen months ended March 31, 2024[7]. - The group reported a loss before tax of HKD 101,078,000 for the year ended March 31, 2025, compared to a profit of HKD 28,305,000 for the fifteen months ended March 31, 2024[18]. - The group incurred total operating expenses of HKD 310,426,000 for the year ended March 31, 2025, down from HKD 407,684,000 for the fifteen months ended March 31, 2024, indicating a reduction of approximately 23.9%[25]. - The company reported a basic loss per share of HKD 0.790 for the year ended March 31, 2025, compared to earnings per share of HKD 0.279 for the fifteen months ended March 31, 2024[9]. Assets and Liabilities - Total assets increased to HKD 6,244,605,000 in 2025 from HKD 3,729,660,000 in 2024, representing a growth of 67.4%[10]. - Total liabilities increased to HKD 3,484,010,000 in 2025 from HKD 1,076,846,000 in 2024, marking a rise of 223.5%[11]. - Net assets rose to HKD 2,760,595,000 in 2025, compared to HKD 2,652,814,000 in 2024, an increase of 4.1%[11]. - Non-current assets as of March 31, 2025, totaled HKD 2,041,085,000, an increase from HKD 1,908,141,000 as of March 31, 2024[22]. - The group's inventory as of March 31, 2025, was approximately HKD 21,600,000, an increase from HKD 20,800,000 as of March 31, 2024, with inventory turnover days decreasing from 107 days to 88 days[102]. - The group's trade receivables as of March 31, 2025, were approximately HKD 21,000,000, up from HKD 20,200,000 as of March 31, 2024, with trade receivables turnover days slightly decreasing from 14 days to 12 days[102]. Digital Banking and Payment Services - Interest income generated from digital banking operations was approximately HKD 51.1 million, contributing to the overall revenue[8]. - The company is focusing on expanding its digital banking services and enhancing its digital payment offerings in the Macau market[15]. - Digital banking services generated HKD 67,761,000 in revenue for 2025, with interest income from digital banking services contributing approximately HKD 51,149,000[15]. - The digital banking segment's total assets amounted to HKD 3,006,298,000 as of March 31, 2025, while total liabilities were HKD 2,493,054,000[20]. - Ant Bank (Macau) contributed approximately HKD 67.8 million in revenue since its acquisition on September 2, 2024, with net interest income from digital banking operations amounting to approximately HKD 18.2 million[83]. Employee and Operational Expenses - Employee benefit expenses decreased by approximately HKD 15.5 million to about HKD 194.1 million, partially offsetting the increase in operating losses[7]. - The total employee cost (excluding directors' remuneration) for the year ended March 31, 2025, was approximately HKD 184,200,000, down from HKD 195,900,000 for the fifteen months ended March 31, 2024[98]. - The number of employees decreased from 413 as of March 31, 2024, to 368 as of March 31, 2025[86]. - Other operating expenses decreased by approximately HKD 97.3 million to about HKD 310.4 million for the year ending March 31, 2025, compared to approximately HKD 407.7 million for the fifteen months ending March 31, 2024[85]. Corporate Governance and Shareholder Structure - The company has a significant concentration of ownership, with major shareholders controlling over 55% of the total issued shares[111]. - The company's governance structure includes multiple layers of ownership through controlled entities, impacting shareholder dynamics[113]. - The audit committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending March 31, 2025[118]. - The company has adopted GEM Listing Rules regarding directors' securities trading conduct, with no known violations reported during the review period[119]. - The company has complied with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[129]. Strategic Initiatives and Market Trends - The company aims to expand its business into complementary industries, including banking, e-commerce, and local consumer services, to drive mobile payments and support smart city development[39]. - The Macau digital payment market is expected to evolve beyond simple tool replacement to become a core infrastructure driving digital economy innovation through scenario innovation and data empowerment[43]. - The Macau government is actively promoting the "Tourism+" cross-industry integration strategy, enhancing the positioning of Macau as a "World Tourism and Leisure Center" and driving the development of composite consumption scenarios[44]. - The company plans to deepen its service offerings to meet the diverse needs of users in the Greater Bay Area and globally[39]. Dividend and Share Options - The company did not recommend the payment of a final dividend for the year[7]. - The company has not established a dividend policy due to the absence of distributable reserves calculated under Bermuda law[136]. - The company adopted the 2024 Share Option Scheme at the conclusion of the annual general meeting on September 9, 2024, terminating the 2014 Share Option Scheme[123]. - As of March 31, 2025, there were zero unexercised share options granted under the 2024 Share Option Scheme[124].
亚博科技控股(08279) - 2024 - 年度业绩