Ge Long Hui·2025-11-12 09:57Core Insights - The company reported a decline in gaming net revenue for Q3 2025, amounting to HKD 6.537 billion, compared to HKD 6.995 billion in Q3 2024 [1] - Adjusted EBITDA also decreased to HKD 0.881 billion in Q3 2025 from HKD 1.037 billion in Q3 2024 [1] - The profit attributable to owners was HKD 9 million in Q3 2025, down from HKD 101 million in Q3 2024 [1] Financial Performance - For the nine months ending September 30, 2025, gaming net revenue reached HKD 20.165 billion, slightly up from HKD 19.892 billion in the same period of 2024 [1] - Adjusted EBITDA for the first nine months of 2025 was HKD 2.527 billion, compared to HKD 2.771 billion in the first nine months of 2024 [1] - The company reported a loss attributable to owners of HKD 173 million for the first nine months of 2025, compared to a loss of HKD 61 million in the same period of 2024 [1] Balance Sheet - As of September 30, 2025, the company had cash, bank balances, short-term bank deposits, and pledged bank deposits totaling HKD 34.448 billion [1] - Total debt stood at HKD 273.12 billion, which includes HKD 9 billion in term loans and HKD 10 billion in revolving credit, with HKD 2.7 billion of the latter undrawn as of September 30, 2025 [1]