Core Viewpoint - Elephant Future Group (02309) reported a significant increase in revenue but also a substantial increase in losses for the fiscal year ending June 30, 2025, indicating challenges in operational performance and financial management [1] Financial Performance - Revenue for the year was approximately HKD 451 million, representing a year-on-year increase of about 63.9% [1] - The loss attributable to shareholders was approximately HKD 314 million, a year-on-year increase of 71.77%, with a loss per share of 38.04 HKD cents [1] Key Factors Contributing to Losses - The decline in broadcasting revenue due to Birmingham City Football Club's relegation to the English Football League One for the 2024/25 season [1] - Increased financing costs primarily due to higher loan amounts [1] - Rising operational expenses for the football club, driven by increased match day and commercial expenses, as well as higher depreciation from completed upgrades to property, plant, and equipment [1] - Increased amortization of intangible assets due to the acquisition of new players [1] - Higher losses from joint ventures due to increased operational expenses [1] - Increased sales and marketing expenses, R&D costs, and administrative expenses in the new energy vehicle business, partially offset by increased commercial revenue and match day income, as well as gains from changes in the fair value of financial assets [1]
大象未来集团公布年度业绩 公司拥有人应占亏损约3.14亿港元 同比增长71.77%