Financial Performance - The Group's revenue for the Reporting Period was approximately HK$13,420,000, representing an increase of approximately 8.5% compared to the Corresponding Period[13]. - The Group recorded a loss of approximately HK$5,089,000 for the Reporting Period, which is a decrease of approximately 44.3% compared to the Corresponding Period[13]. - Revenue for the six months ended November 30, 2025, increased to HK$13,420,000, up 8.5% from HK$12,368,000 in the same period of 2024[22]. - Loss before income tax improved to HK$4,845,000, a reduction of 46.5% from a loss of HK$9,141,000 in the prior year[22]. - Total comprehensive loss for the period was HK$5,089,000, down from HK$9,141,000, reflecting a 44.5% improvement[22]. - Basic and diluted loss per share decreased to HK(4.16) cents from HK(8.41) cents, indicating a 50.6% reduction in loss per share[22]. - The Group reported a loss attributable to owners of the Company of HK$5,087,000, an improvement from a loss of HK$9,123,000 in the same period last year[63]. Revenue Sources - Revenue from sales of tobacco, food, and beverage was HK$13,420,000, while entertainment income and event income were HK$0, indicating a shift in revenue sources[51]. - The Group's revenue from the entertainment business increased by approximately HK$1,052,000, or approximately 8.5%, from approximately HK$12,368,000 in the corresponding period to approximately HK$13,420,000 for the reporting period[89]. - Revenue from the entertainment business increased by approximately HK$1,052,000, or approximately 8.5%, from approximately HK$12,368,000 for the Corresponding Period to approximately HK$13,420,000 for the Reporting Period[93]. Costs and Expenses - Cost of inventories sold rose significantly to HK$11,072,000, compared to HK$4,838,000 in the previous year, indicating a 129.5% increase[22]. - Employee benefits expenses decreased by approximately HK$2,863,000, or approximately 47.6%, from approximately HK$6,020,000 for the Corresponding Period to approximately HK$3,157,000 for the Reporting Period[102]. - Total depreciation decreased by approximately HK$855,000, or approximately 27.1%, from approximately HK$3,155,000 for the Corresponding Period to approximately HK$2,300,000 for the Reporting Period[103]. - Other expenses decreased by approximately HK$2,473,000, or approximately 58.8%, from approximately HK$4,206,000 for the Corresponding Period to approximately HK$1,733,000 for the Reporting Period[108]. Assets and Liabilities - Non-current assets increased to HK$1,727,000 as of November 30, 2025, compared to HK$4,318,000 as of May 31, 2025[24]. - Current assets totaled HK$31,021,000, up from HK$27,281,000, representing a 13.4% increase[24]. - Current liabilities rose to HK$31,957,000 from HK$25,719,000, marking a 24.2% increase[25]. - Net assets decreased to HK$791,000 as of November 30, 2025, down from HK$5,880,000 as of May 31, 2025[25]. - Equity attributable to owners of the Company decreased to HK$3,594,000 from HK$8,681,000, reflecting a decline of 58.6%[25]. Cash Flow - For the six months ended 30 November 2025, net cash used in operating activities was HK$469,000, a significant improvement from HK$8,465,000 in the same period of 2024[28]. - The company reported a net cash outflow from investing activities of HK$1,097,000, compared to a net inflow of HK$2,205,000 in the previous year[28]. - Financing activities generated net cash of HK$1,054,000, down from HK$6,160,000 in the prior period[28]. - Cash and cash equivalents at the end of the period were HK$1,037,000, down from HK$1,716,000 at the end of the same period in 2024[28]. - The Group's cash and cash equivalents decreased from HK$1,549,000 as of May 31, 2025, to HK$1,037,000 as of November 30, 2025[78]. Corporate Governance and Compliance - The company has not adopted any new or revised HKFRSs that are relevant and issued but not yet effective for the preparation of the financial results[42]. - The unaudited condensed consolidated financial statements have been prepared in accordance with HKFRSs and applicable disclosures by the GEM Listing Rules[31]. - The company has complied with the Corporate Governance Code throughout the reporting period, with some deviations noted[171]. - All directors confirmed compliance with the required standards of dealings in securities transactions during the reporting period[163]. - The company has adopted the GEM Listing Rules as its code of conduct regarding directors' securities transactions[163]. Shareholder Information - The company has adopted a Share Option Scheme, with 61,056 options granted but not exercised as of June 1, 2025[148]. - As of November 30, 2025, there are up to 1,998,944 outstanding options available for grant[149]. - Ms. Ma Liangping holds 33,870,000 shares, representing 27.71% of the company's shareholding through her controlled corporation, Keen Champ International Investment Limited[156]. - Mr. Wang Ning is a beneficial owner of 17,401,761 shares, accounting for 14.23% of the total shareholding[161]. - Mr. Yuan Lin holds 11,643,250 shares directly and has interests in an additional 12,075,000 shares through a controlled corporation, totaling 9.52% and 9.88% respectively[170]. Risks and Challenges - The company is exposed to significant risks due to fluctuations in the commercial real estate market in Hong Kong, with substantial lease liabilities potentially affecting financial stability[141]. - Purchases from the largest supplier accounted for over 60% of total purchases during the reporting period, posing a risk if supply is interrupted[142]. - The Group's expansion plans in Hong Kong's competitive food and beverage industry involve risks such as securing suitable locations and managing operational costs[137]. Future Outlook - The company has taken measures to improve its working capital and cash flow, including cost management and securing a loan from a shareholder[176]. - The lease agreement for LKF Lounge will expire on January 31, 2026, and the operation will be temporarily suspended until further notice[180]. - No significant events occurred after the reporting period ended on November 30, 2025, except for the change of principal place of business in Hong Kong[179].
新爱德集团(08412) - 2026 - 中期业绩