REGAL INT'L(HK:00078) Zhi Tong Cai Jing·2025-08-22 14:43Summary of Key Points Core Viewpoint - Regal International (00078) anticipates a significant reduction in shareholder attributable comprehensive losses for the mid-2025 period, projecting a loss of approximately HKD 678 million compared to a loss of HKD 1.5992 billion in the same period of 2024 [1] Financial Performance - The reduction in losses is primarily attributed to a shift from a fair value loss of HKD 932.6 million on financial assets in mid-2024 to an expected fair value gain of approximately HKD 7 million in mid-2025 [1] - The financial asset losses were mainly related to investments held in Cosmopolitan International Holdings Limited, which have since been written down to a relatively insignificant value [1] - The decrease in financing costs for the first half of 2025, due to a significant decline in the Hong Kong Interbank Offered Rate (HIBOR) since mid-May, also contributed to the improved financial performance [1] Operational Metrics - The expected earnings before interest, taxes, depreciation, and amortization (EBITDA) for mid-2025 is projected to be approximately HKD 85 million, a turnaround from a loss of HKD 734.8 million in the same period of 2024 [1] - The total depreciation expense for the hotel portfolio in Hong Kong is expected to be around HKD 290 million for mid-2025, slightly down from HKD 291.3 million in 2024 [2] - Although depreciation expenses do not have an immediate impact on cash flow, they negatively affect the company's financial performance [2]