Core Points - New Idea Group (08412) reported annual results for the year ending May 31, 2025, with revenue of approximately HKD 38.838 million, a year-on-year decrease of about 56.5% [1] - The company recorded a loss attributable to owners of HKD 4.882 million, a year-on-year improvement of 71.52% [1] Revenue Analysis - The decrease in revenue was primarily due to the closure of the night club "FAYE," which ceased operations on August 4, 2024, following the expiration of its lease [1] - The closure of "FAYE" led to a reduction in marketing and employee costs, contributing to the overall decrease in operational expenses [1] Loss Improvement Factors - The improvement in losses was attributed to the cessation of operations at "FAYE," which reduced operational expenditures such as marketing and employee costs [1] - Additionally, the company benefited from the reversal of previously written-off trade receivables in the same period last year [1] - The sale of the Wanchai Amante Shop also contributed to a decrease in property rental and related expenses [1]