Revenue and Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 369,400,000, representing an increase of about 36.1% compared to HKD 271,400,000 for the same period in 2024[4] - Revenue from the physical and digital banking business increased to approximately HKD 90,100,000, up from HKD 5,400,000 in the previous period, primarily due to the full consolidation of Ant Bank (Macau) for the entire six months[5] - Digital payment and related business revenue rose to approximately HKD 148,300,000, an increase of about HKD 10,100,000, driven by increased local digital payment consumption and marketing technology services[6] - Lottery business revenue increased to approximately HKD 131,000,000, up by HKD 4,600,000, due to the resumption of instant lottery supply by Chinese lottery regulatory authorities[7] - Total revenue for the six months ended September 30, 2025, was HKD 369,425,000, a significant increase from HKD 271,394,000 for the same period in 2024, representing a growth of approximately 36%[20] - Digital payment services generated revenue of HKD 133,895,000, up from HKD 130,737,000 in 2024, with a notable increase in merchant acquiring services revenue to HKD 55,493,000 from HKD 52,305,000[18] - The digital banking services segment reported revenue of HKD 90,101,000, a substantial rise from HKD 6,813,000 in the previous year, driven by interest income of approximately HKD 70,798,000[19] - Lottery services revenue was HKD 130,972,000, compared to HKD 126,341,000 in 2024, with hardware sales contributing HKD 85,748,000[19] - The local consumer services segment generated revenue of HKD 12,461,000, significantly higher than HKD 5,320,000 in the previous year, indicating strong growth in this area[19] Losses and Expenses - The group recorded an operating loss of approximately HKD 41,000,000, compared to HKD 28,900,000 in the previous period, with increased operating expenses primarily due to the full six-month inclusion of Ant Bank's expenses[8] - The total loss for the six months was approximately HKD 25,600,000, a significant increase from HKD 1,600,000 in the previous period, largely attributed to the physical and digital banking business[8] - The company reported a basic and diluted loss per share of HKD 0.123, compared to earnings of HKD 0.017 per share in the previous period[11] - Operating expenses for the six months ended September 30, 2025, were HKD 179,343,000, up from HKD 131,294,000 in the same period of 2024, reflecting a 36.6% increase[28] - The company reported a total segment loss of HKD 19,056,000 for the six months ended September 30, 2025, compared to a loss of HKD 11,138,000 in 2024[23] Assets and Liabilities - As of September 30, 2025, total assets increased to HKD 9,340,612 thousand from HKD 6,244,605 thousand as of March 31, 2025, representing a growth of approximately 49.4%[12] - Total liabilities increased to HKD 6,585,440 thousand from HKD 3,484,010 thousand, reflecting a rise of approximately 89.5%[13] - The company's equity as of September 30, 2025, was HKD 2,755,172 thousand, slightly down from HKD 2,760,595 thousand as of March 31, 2025[13] - Cash and cash equivalents rose significantly to HKD 2,904,676 thousand from HKD 1,261,528 thousand year-over-year, marking an increase of 130%[15] - The net cash generated from operating activities for the six months ended September 30, 2025, was HKD 2,904,801 thousand, a substantial increase compared to HKD 186,443 thousand in the same period last year[15] - The total equity attributable to the owners of the company decreased to HKD 2,559,551 thousand from HKD 2,647,584 thousand, reflecting a decline of approximately 3.3%[14] Customer Deposits and Loans - The company’s customer deposits surged to HKD 5,385,285 thousand from HKD 2,398,526 thousand, an increase of about 124%[12] - Customer loans increased to approximately HKD 397,000,000 as of September 30, 2025, from HKD 307,800,000 as of March 31, 2025[108] Corporate Governance and Management - The company maintains a high level of corporate governance to enhance transparency and protect shareholder interests, adopting applicable provisions of the GEM Listing Rules[130] - The roles of the chairman and CEO are combined, which the company believes effectively promotes strategy formulation and execution[131] - The company has adopted new corporate governance practices, including an annual contribution review of directors[132] - The remuneration committee will continue to primarily oversee and recommend the remuneration of directors despite the delegation of certain responsibilities[135] Strategic Initiatives and Partnerships - The company aims to become a leading global fintech group, providing a range of services including digital banking and payments, with a focus on integrating its core strengths into the digital payment sector in Macau and surrounding areas[51] - The company has established partnerships with various entities, including Ant Bank and Alipay, to enhance its service offerings in the digital payment sector[50] - The group plans to explore strategic cooperation with Alibaba Group and Ant Group to expand e-commerce and digital media entertainment, enhancing the digital payment ecosystem in Macau[84] Market and Economic Context - In the first three quarters of 2025, mobile payment transaction volume in Macau rose by 11.9% to 290 million transactions, with a total transaction value of MOP 24.5 billion, up 10.7% year-on-year[53] - The number of inbound tourists in Macau reached 29.67 million in the first three quarters of 2025, a 14.5% increase year-on-year, nearing pre-pandemic levels[58] - The Macau government launched several electronic consumption incentive programs, distributing MOP 290 million in electronic coupons, which stimulated a total consumption of approximately MOP 1.04 billion[53] Community Engagement and Social Responsibility - The company is actively participating in community consumption promotion activities, leveraging government support for discounts[109] - The group supported over 300 large-scale performances and events in Macau from early 2023 to September 2025, enhancing the local cultural and entertainment landscape[80]
亚博科技控股(08279) - 2025 - 中期业绩