Financial Performance - For the year ended June 30, 2025, the Group's revenue was approximately HK$451.2 million, representing an increase of approximately 63.9% compared to HK$275.2 million for the year ended June 30, 2024[32][35]. - The Group recorded a loss attributable to owners of approximately HK$314.0 million for the year ended June 30, 2025, an increase of approximately 71.8% from the loss of approximately HK$182.8 million for the year ended June 30, 2024[33][36]. - The basic loss per share for the year ended June 30, 2025, was approximately HK38.04 cents, compared to approximately HK23.37 cents for the previous year[34][37]. - Operating expenses for the year were approximately HK$825.2 million, reflecting an increase of approximately 44.6% from HK$570.6 million in 2024[55][59]. - Finance costs increased to approximately HK$116.1 million, representing a rise of approximately 215.3% compared to HK$36.8 million in 2024[72]. - The Group recorded other gains, net of approximately HK$33.7 million, compared to other losses of approximately HK$54.1 million in 2024[57][61]. - The Group's total borrowings as of June 30, 2025, were approximately HK$1,072.0 million, compared to approximately HK$532.8 million in 2024, with a significant portion repayable after two years[87]. - The current ratio decreased to approximately 75.9% in 2025 from 129.5% in 2024, while the gearing ratio increased to approximately 74.7% from 53.8%[86]. - The Group's bank balances and cash as of June 30, 2025, were approximately HK$242.4 million, up from approximately HK$145.3 million in 2024[87]. - The Group's net current liabilities and net liabilities were approximately HK$188.7 million and HK$89.6 million, respectively, as of June 30, 2025[93]. - The Group's total liabilities to total assets ratio was approximately 104.5% in 2025, compared to 83.6% in 2024[86]. Electric Vehicles and Sustainability - The Group is focused on addressing climate change and meeting "zero carbon" or "carbon neutrality" targets through the promotion of electric commercial vehicles[15]. - The penetration rate of electric commercial vehicles is rapidly increasing, with successful deployment in various scenarios such as mining, ports, and urban freight[16]. - The transition from fuel-powered to electric commercial vehicles represents a disruptive replacement of a multi-trillion-dollar existing market[16]. - Advancements in battery and charging technologies, along with improved infrastructure, are expected to enhance the advantages of electric commercial vehicles[16]. - The shift to electric vehicles will create a new industrial chain ecosystem, including complete vehicles, battery spare parts, and charging infrastructure[16]. - The Group aims to provide innovative electric mobility solutions to contribute to global environmental protection and greenhouse gas emission control[26]. - The electric commercial vehicle market is projected to disrupt a multi-trillion dollar existing market, with a focus on replacing traditional fuel vehicles in logistics[19]. - The Group aims to enhance brand influence and expand its product portfolio in the new energy automobiles sector while building a green energy ecosystem for electric vehicles[45][49]. Market Expansion and Investments - The Group plans to expand into Southeast Asian markets, including Singapore, Malaysia, Thailand, and Vietnam, to enhance its market presence[20]. - The Group has invested in several residential and commercial properties in Phnom Penh, Cambodia, providing a stable income stream despite a challenging investment environment[24]. - The management remains optimistic about Cambodia's economic prospects and aims for steady growth in property investments[24]. Football Club Performance - The football club segment recorded a loss of approximately HK$409 million, representing a year-on-year increase of approximately 44.4%[21]. - The football club segment generated revenue of approximately HK$299.3 million, a year-on-year increase of approximately 24.9%, but recorded a segment loss of approximately HK$409.0 million, up approximately 44.4%[39][43]. - The football club is set to compete in the EFL Championship for the 2025/26 season after being promoted from EFL League One[39]. Management and Governance - The management team emphasizes strategic flexibility and commitment to core missions to navigate market cycles and seize opportunities[26]. - The company has a diverse board with members possessing expertise in various sectors, including finance, education, and corporate governance[141][144][145][147][152]. - The board includes independent non-executive directors who contribute to the company's governance and strategic oversight[145][147][152]. - The company emphasizes the importance of corporate governance and strategic development through its experienced leadership team[138][144][145]. - The leadership team is well-equipped to navigate market challenges and drive the company's growth strategy[138][144][145][152]. Financial Risks and Challenges - The Group's financial condition may be influenced by fluctuations in the global economy and specific market conditions, posing business risks[115]. - The Group is exposed to financial risks including interest rate, foreign currency, credit, and liquidity risks in its ordinary course of business[116]. - The Group acknowledges the potential adverse effects of international political risks on trade and economic activities, which could impact its business operations[122]. - The Group's financial performance may be affected by global economic conditions and market instability, highlighting the importance of monitoring economic trends[119]. Compliance and Regulations - The Group has complied with all relevant laws and regulations during the year ended June 30, 2025, with no material breaches reported[123]. - The Group is committed to environmental sustainability and complies with local environmental protection laws and regulations[129]. - The Group actively monitors cash flows to ensure sufficient liquidity to meet operational needs and commitments, reducing liquidity risk[121]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended June 30, 2025, consistent with the previous year[159][165]. - As of June 30, 2025, the Company's distributable reserves amounted to approximately HK$135,749,000, an increase from approximately HK$123,451,000 in 2024[170][176]. - The Company operates in sectors including a professional football club in the UK, new energy automobiles, and property investment in Cambodia[157][164].
大象未来集团(02309) - 2025 - 年度财报