Financial Performance - Total revenue for the period was HKD 335.6 million, a decrease of 17.7% compared to HKD 407.9 million in 2024[6] - Gaming revenue decreased to HKD 177.9 million, down from HKD 253.0 million in 2024[6] - The company reported a gross profit of HKD 105,777,000, down 33.8% from HKD 159,839,000 in the previous year[21] - The net loss for the period was HKD 73,120,000, significantly improved from a loss of HKD 225,686,000 in the same period last year[21] - The company reported a pre-tax loss of HKD 77,192,000 for the six months ended September 30, 2025, compared to a loss of HKD 221,596,000 in the same period of 2024[35][37] - Total gaming revenue for the six months was HKD 177,890,000, a decrease of 29.6% from HKD 253,049,000 in the previous year[35][37] - The company recorded a significant decrease in the fair value of investment properties, with a loss of HKD 68,800,000 compared to a loss of HKD 263,892,000 in the previous year[21] - The company recorded a deferred tax expense of HKD 4,945,000 for the current period, compared to a deferred tax benefit of HKD 1,801,000 in the previous period[41] Revenue Breakdown - Hotel and rental apartment revenue slightly increased to HKD 157.7 million, representing 47.0% of total revenue, compared to 38.0% in 2024[14] - Hotel room revenue increased to HKD 84,864,000, up 15.2% from HKD 73,629,000 in the previous year[29] - Total hotel revenue for the six months was HKD 132,485,000, a slight increase from HKD 129,085,000 year-over-year[35][37] - Rental income from leases totaled HKD 25,224,000, slightly down from HKD 25,775,000 year-over-year[30][37] Visitor Statistics - The number of visitors to Hong Kong increased by 13.5% to 24.2 million, benefiting the group's operations[15] - The number of visitors to Macau rose by 16.2% to 19.8 million, indicating a positive trend for the tourism sector[15] Financial Position - The group maintains a strong financial position with total cash and bank deposits of HKD 565.0 million as of September 30, 2025[16] - Cash and cash equivalents decreased to HKD 479,732,000 from HKD 525,943,000 at the beginning of the period[25] - The group's total borrowings remained stable at HKD 39.5 million, with a capital debt ratio of zero[16] - Total liabilities decreased to HKD 111,901,000 from HKD 123,251,000, indicating a reduction of about 9.2%[49] Employee and Operational Changes - The company had 439 employees as of September 30, 2025, a reduction from 670 employees in 2024, with total employee costs amounting to HKD 153,100,000[19] - The group incurred professional service fees of HKD 198,000 to a related company, down 62.9% from HKD 534,000 in the previous year[56] - The group’s executive compensation for the six months ended September 30, 2025, was HKD 326,000, a decrease of 27.7% from HKD 451,000 in the same period of 2024[57] Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[65] - The interim financial statements in the report were reviewed by the company's audit committee, consisting of three independent non-executive directors[68] - The company has confirmed that all directors adhered to the securities trading code during the reporting period[66] Shareholder Information - As of September 30, 2025, Mr. Yang holds 4,121,416,834 shares in Emperor International, representing approximately 74.71% of the voting shares[61] - As of September 30, 2025, Yang Shou Cheng Industrial Holdings has a stake of 636,075,041 shares, accounting for approximately 53.52% of the voting shares[62] - Ms. Fan holds 15,750,000 shares in Emperor International, representing approximately 0.29% of the voting shares[61] Future Plans and Commitments - The group is actively planning to enhance entertainment and leisure facilities at its hotels following the termination of gaming operations at the Emperor Entertainment Hotel[12] - The group has a capital commitment of HKD 6,467,000 for properties, machinery, and equipment as of September 30, 2025, significantly reduced from HKD 21,669,000 as of March 31, 2025[54] - The group will cease providing gaming-related marketing and public relations services to 澳娛 starting October 31, 2025, following the termination of their service agreement[58] Accounting and Reporting - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and are consistent with the accounting policies used in the previous fiscal year[27] - The company did not apply any new or revised accounting standards that have not yet come into effect during the current accounting period[28] - No stock options have been granted under the stock option plan since its adoption[64]
英皇娱乐酒店(00296) - 2026 - 中期财报