Financial Performance - Revenue for the six months ended September 30, 2025, was $83,648 thousand, a decrease of 3% from $86,797 thousand in the same period of 2024[3] - Gross profit decreased to $17,292 thousand, down 21% from $21,871 thousand year-over-year[3] - Operating loss for the period was $5,370 thousand, compared to a loss of $994 thousand in the prior year, indicating a significant decline in operational performance[3] - Net loss for the period was $5,989 thousand, an increase of 157% from $2,330 thousand in the previous year[5] - Basic and diluted loss per share was $0.34, compared to $0.12 in the same period last year[3] - Total comprehensive income for the period was $532 thousand, a decrease of 96% from $15,072 thousand in the prior year[5] - The company reported a pre-tax loss of $6,025,000 for the six months ended September 30, 2025[35] - The group reported a loss before tax of $6,025,000, widening from a loss of $1,858,000 in the previous year, representing a 224.3% increase in losses[83] - The company reported a loss attributable to shareholders of $5,559,000 for the six months ended September 30, 2025, compared to a loss of $1,922,000 for the same period in 2024, resulting in a basic and diluted loss per share of 0.34 cents, up from 0.12 cents[56] Assets and Liabilities - Non-current assets increased to $65,215 thousand from $63,001 thousand, reflecting a growth in property, plant, and equipment[7] - Current liabilities rose to $76,104 thousand, up from $73,370 thousand, indicating increased financial obligations[7] - Total equity decreased to $120,988 thousand from $122,264 thousand, showing a decline in shareholder value[9] - Cash and cash equivalents decreased to $65,873 thousand from $68,610 thousand, indicating a reduction in liquidity[7] - The company’s total liabilities as of September 30, 2025, were $81,319,000, compared to $79,097,000 as of March 31, 2025, representing an increase of about 2.8%[42] - The company's total liabilities increased to 320,247 thousand MYR, up from 308,741 thousand MYR, indicating a rise of 3.5%[135] - The equity attributable to owners of the company decreased to 521,666 thousand MYR from 525,473 thousand MYR, a decline of 0.5%[135] Cash Flow - The company’s cash flow from operating activities showed a net outflow of $7,833,000 for the six months ended September 30, 2025, compared to a net inflow of $655,000 in the same period of 2024[15] - The company recorded a decrease in cash and cash equivalents of $4,478,000, ending the period with $65,873,000 compared to $75,578,000 at the end of the previous period[15] - The company’s interest paid decreased to $644,000 from $852,000 in the previous year, indicating improved interest management[15] - Operating cash flow for the six months ended September 30, 2025, was a net outflow of 32,961 thousand MYR, significantly worse than the previous year's inflow of 2,756 thousand MYR[140] - Cash and cash equivalents at the end of the period were 277,194 thousand MYR, a decrease from 318,031 thousand MYR at the end of the previous year[140] Revenue Breakdown - For the six months ended September 30, 2025, total revenue reached $83,648,000, with $36,879,000 generated from travel and related services[35] - The publishing and printing segment in Malaysia generated sales of $12,839,000, while the advertising revenue from this segment was $15,944,000[35] - The publishing and printing segment generated revenue of $46,769,000, down 10.2% from $52,105,000, with a loss before tax increasing from $3,579,000 to $7,228,000[86] - The travel segment's revenue increased by 6.3% to $36,879,000, but profit before tax decreased by 28.9% to $1,456,000 due to rising costs[86] - Advertising revenue for the six months ended September 30, 2025, was $27,883,000, down from $32,445,000 in 2024, indicating a decrease of about 14.1%[40] Shareholder Information - The total number of issued shares as of September 30, 2025, was 1,654,729,641, including 32,448,200 shares held as treasury stock[68] - Major shareholder Sir Dato' Zhang Xiaoqing holds 1,094,187,814 shares, representing 66.12% of the issued ordinary shares[111] - The company repurchased a total of 7,387,500 shares at a total cost of approximately $178,000 during the six months ended September 30, 2025[70] - The total number of shares held by major shareholders exceeds 5% of the issued shares, indicating concentrated ownership[111] Governance and Compliance - The company has adhered to the corporate governance codes of Malaysia and Hong Kong, with a commitment to maintaining high standards of governance[120] - The Audit Committee, established in 1999, consists of three independent non-executive directors and regularly meets with management and external auditors to discuss audit processes and financial reporting[123] - The company has reported compliance with the relevant securities trading regulations during the review period, ensuring transparency and accountability in its operations[122] Future Outlook - The company maintains a cautiously optimistic outlook, focusing on leveraging its strong brand portfolio and diversified revenue streams[100] - Future operational environment is expected to remain challenging but gradually improve, supported by government stimulus measures[98] - The company plans to launch new customized experiential travel products to meet changing traveler preferences[93] - The company aims to strengthen digital integration and cross-platform advertising solutions to maintain competitiveness[91]
世界华文媒体(00685) - 2026 - 中期财报