Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 103,365,000, an increase of 5.2% compared to HKD 98,072,000 for the same period in 2024[4] - The company achieved a profit before tax of HKD 7,636,000, a significant turnaround from a loss of HKD 2,386,000 in the previous year[4] - The net profit for the period was HKD 7,678,000, compared to a loss of HKD 2,143,000 in the same period last year[4] - Basic and diluted earnings per share for the period were HKD 0.83, compared to a loss per share of HKD 0.25 in the previous year[6] - The operating profit for the bars and restaurants segment was HKD 8,570,000, compared to a loss of HKD 1,363,000 for the same period in 2024[18][19] - Revenue from bar and restaurant operations for the six months ended September 30, 2025, was HKD 102,975,000, an increase of 5.5% compared to HKD 97,785,000 for the same period in 2024[26] - Total revenue from external customers for the six months ended September 30, 2025, was HKD 103,365,000, up 5.2% from HKD 98,072,000 in 2024[24] - Gross profit from restaurant and bar operations was HKD 77.6 million, up 6.6% from HKD 72.8 million in the previous period, with a gross margin of 75.4%[45] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 158,811,000, up from HKD 156,099,000 as of March 31, 2025[7] - The company's total liabilities decreased to HKD 138,505,000 from HKD 143,865,000, indicating improved financial stability[8] - The net asset value increased to HKD 20,306,000 from HKD 12,234,000, reflecting a stronger equity position[8] - The group reported total assets of HKD 158,811,000 and total liabilities of HKD 138,505,000 as of September 30, 2025, resulting in a net asset value of HKD 20,306,000[21] - The group's total bank borrowings as of September 30, 2025, are approximately HKD 50.9 million, down from HKD 54.5 million as of March 31, 2025[64] - The asset-liability ratio improved to 571% as of September 30, 2025, from 1,026% as of March 31, 2025[64] Cash Flow and Financing - The company has a bank loan covenant breach amounting to HKD 39,613,000, but management expects to rectify this by June 19, 2026[14] - The group plans to improve liquidity by potentially selling properties used as collateral for bank financing[14] - The company is considering applying for additional loans under the SME Financing Guarantee Scheme provided by the Hong Kong government[14] - The group incurred a financing cost of HKD 438,000 for the six months ended September 30, 2025[18] - Financing costs for the six months ended September 30, 2025, totaled HKD 1,803,000, a decrease of 29.5% from HKD 2,563,000 in 2024[30] - Financing costs decreased to HKD 1.8 million, a reduction of 30.8% from HKD 2.6 million in the previous period, attributed to lower bank loan amounts and interest rates[54] Employee and Operational Costs - The company reported a total employee cost of HKD 34,720,000 for the six months ended September 30, 2025, an increase of 7.1% from HKD 32,415,000 in 2024[31] - Employee costs rose to HKD 34.7 million, a 7.1% increase from HKD 32.4 million in the previous period, driven by the hiring of more full-time staff due to an increase in the number of bars[49] - Other operating expenses increased by 9.4% to HKD 15.1 million, up from HKD 13.8 million in the previous period, due to the increase in the number of bars and restaurants operated[53] Corporate Governance and Compliance - The company has complied with all applicable provisions of the Corporate Governance Code, except for the separation of the roles of Chairman and CEO, which are held by the same individual since January 28, 2025[76] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim results and has no objections to the company's accounting policies and internal controls[79] - The company has violated covenants on bank borrowings amounting to HKD 39,613,000 as of September 30, 2025[81] Share Incentive Plan - A total of 9,632,000 shares were vested as part of the share incentive plan during the period, with a weighted average closing price of HKD 0.04 prior to the vesting date[73] - The group has adopted a new share incentive plan on September 29, 2023, allowing for the granting of share rewards to directors and employees[71] - As of September 30, 2025, the number of rewards available for grant under the share scheme is 57,104,000 shares, unchanged since April 1, 2025[75] Subsequent Events and Announcements - There have been no significant subsequent events after the reporting period up to the date of this announcement[80] - The announcement has been published on the Hong Kong Stock Exchange website and the company's website[82]
太平洋酒吧(08432) - 2026 - 中期业绩