Revenue and Profitability - Revenue for the six months ended December 31, 2024, was HKD 172,647,000, an increase of 19.7% compared to HKD 144,331,000 in the same period of 2023[5] - The company reported a pre-tax loss of HKD 207,338,000, compared to a loss of HKD 56,337,000 in the previous year, indicating a significant decline in profitability[6] - The net loss attributable to the company's owners was HKD 117,061,000, compared to HKD 36,878,000 in the same period last year[6] - The basic loss per share for the period was HKD 14.36, compared to HKD 4.78 in the previous year[6] - The group reported a net loss attributable to owners of the company of HKD 117,061,000 for the six months ended December 31, 2024, compared to a loss of HKD 36,878,000 in the same period of 2023, representing an increase in loss of 216.5%[42] - The loss attributable to the owners of the company for the six months ended December 31, 2024, was approximately HKD 117,100,000, a significant increase of about 217.4% from a loss of HKD 36,900,000 in the prior year[60] Operating Expenses - Operating expenses increased to HKD 352,755,000, up 36% from HKD 259,357,000 year-over-year[5] - The total interest expense for the six months ended December 31, 2024, was HKD 55,145,000, significantly higher than HKD 22,207,000 in 2023, marking an increase of 148.5%[37] - The financing cost for the six months ended December 31, 2024, was approximately HKD 47,500,000, an increase of about 113.9% compared to HKD 22,200,000 for the same period in 2023[79] - The company’s employee costs, including directors' remuneration, amounted to HKD 198,418,000 for the six months ended December 31, 2024, compared to HKD 173,827,000 in 2023, an increase of 14.1%[39] - The total employee costs for the six months ended December 31, 2024, were approximately HKD 198,400,000, compared to HKD 173,800,000 for the same period in 2023[94] Assets and Liabilities - Total non-current assets increased to HKD 1,257,889,000 from HKD 907,286,000, reflecting a growth of 38.5%[8] - Current assets rose to HKD 404,259,000, up from HKD 351,513,000, marking a 15% increase[8] - The company's total liabilities increased significantly, with non-current liabilities reaching HKD 1,258,676,000, compared to HKD 781,493,000 previously[9] - The company reported a net asset value of HKD 46,507,000 as of December 31, 2024, a decrease from HKD 205,899,000[9] - The total debt as of December 31, 2024, was approximately HKD 877,500,000, an increase from HKD 532,800,000 as of June 30, 2024[86] - The group’s total liabilities to total assets ratio was approximately 97.2% as of December 31, 2024, compared to 83.6% as of June 30, 2024[85] Revenue Segments - Revenue from commercial income for the six months ended December 31, 2024, was HKD 40,177,000, significantly up from HKD 8,932,000 in 2023, marking an increase of approximately 349%[19] - The company generated HKD 12,746,000 in revenue from new energy vehicles and related businesses for the six months ended December 31, 2024, compared to HKD 5,590,000 in the same period of 2023, reflecting a growth of approximately 128%[19] - Revenue from the football club segment was approximately HKD 145,800,000, representing an increase of about 18.4% from HKD 123,100,000 in the previous year[69] - Broadcasting revenue for the football club was approximately HKD 26,400,000, a decrease of about 48.2% due to relegation to the English Football League One[63] - Rental income from investment properties was approximately HKD 14,100,000, unchanged from the previous year[69] Strategic Changes - The company has three reportable segments as of December 31, 2024, down from four segments in the previous year, indicating a strategic shift in operations[23] - The company plans to terminate its healthcare business following the sale of its entire stake in Medi Hub, which was completed on March 22, 2024[21] - The group has established a strategic partnership with several well-known commercial vehicle manufacturers to expand its zero-emission commercial vehicle product range[65] - The group plans to accelerate the delivery of zero-emission vehicles in the second half of the 2024/25 fiscal year to enhance revenue[65] Cash Flow and Financing - The company experienced a cash outflow from operating activities of approximately HKD 140,493,000 during the reporting period[13] - The company secured a total of HKD 1,524,000,000 in financing, including HKD 250,000,000 from Trillion Trophy Asia Limited and HKD 300,000,000 from Dongni Investment Limited[15] - The company has approximately HKD 646,694,000 in undrawn loan facilities available as of December 31, 2024[15] - The group had cash and bank balances of approximately HKD 166,800,000 as of December 31, 2024, up from HKD 145,300,000 as of June 30, 2024[86] Fair Value and Investments - The fair value of unlisted equity investments as of December 31, 2024, was estimated at HKD 63,055,000, an increase from HKD 43,700,000 as of June 30, 2024, resulting in a fair value gain of approximately HKD 19,355,000 recognized in the profit and loss for the six months[46] - The group recognized a fair value change gain of HKD 19,355,000 on financial assets measured at fair value through profit or loss for the six months ended December 31, 2024[35] - The fair value of the group's investment properties was approximately HKD 470,700,000, accounting for about 28.3% of total assets[66] Other Financial Metrics - The group recorded a profit of approximately HKD 72,400,000 from the sale of player registrations, a decrease from HKD 112,200,000 in the same period last year[74] - The group incurred capital expenditures of approximately HKD 184,100,000 for the six months ended December 31, 2024, compared to HKD 204,800,000 for the six months ended June 30, 2024[84] - As of December 31, 2024, the group had capital commitments for product development amounting to approximately HKD 17,800,000, up from HKD 5,400,000 as of June 30, 2024[81] - The contingent liability for player transfer fees as of December 31, 2024, was approximately HKD 139,788,000, a significant increase from HKD 24,740,000 as of June 30, 2024[56]
大象未来集团(02309) - 2025 - 中期业绩