August 18, 2025

One Great Studio Company Limited (1GS)

Unaudited financials for the six months ended June 30, 2025:

One Great Studio Company Limited (1GS) for the six months ended June 30, 2025, reported a 3% increase in Revenue totaling $181.39 million compared to $175.33 million in the corresponding period last year. Revenue for the second quarter had a 24% increase to close at $105.15 million compared to $84.51 million for the comparable quarter of 2024.

Cost of sales amounted to $123.38 million (2024: $108.66 million), this represents an increase of 14% year over year. Consequently, gross profit decreased by 13% to $58.00 million compared to $66.67 million for the six months ended June 30, 2024. The company booked gross profit of $37.08 million for the second quarter versus $31.92 million reported for the similar quarter of 2024.

Administrative expenses increased by 46% to close at $64.92 million (2024: $44.38 million). As a result, Operating Income decreased by 131% from $22.28 million in 2024 to a loss of $6.92 million in the period under review.

Other income for the six months ended June 30, 2025 amounted to $3.92 million, a 64% decrease relative to $10.93 million reported in 2024, while Acquisition costs amounted to $3.28 million (2024: Nil). Also, Other expenses decreased by 76% from $3.55 million in 2024 to $867,179 in 2025.

EBITDA for the six months ended June 30, 2025, amounted to a loss of $7.15 million, a 124% decrease relative to Profit of $29.66 million reported in 2024. EBITDA for the second quarter amounted to $2.27 million (2024: $16.61 million).

Interest expense totalled $1.04 million a 40% decrease from the corresponding period last year. (2024: $1.74 million).

Depreciation and Amortization amounted to $7.28 million (2024: $3.83 million).

Loss before Taxation for the six months ended June 30, 2025, amounted to $15.46 million, a 164% decrease relative to profit before taxation of $24.09 million reported in 2024. Loss before Taxation for the second quarter amounted to $2.11 million (2024: Pre-tax Profit of $13.43 million).

No taxes were reported in 2025. (2024: Tax charge of $489,763). As such, Net Loss for the six months amounted to $15.46 million, a 166% decrease from the $23.60 million net profit reported in 2024. For the second quarter, Net Loss was $2.11 million (2024: Net profit $13.12 million).

Consequently, Loss Per Share for the six months amounted to $0.01 (2024: EPS: $0.01), while Loss Per Share for the quarter totaled $0.001 (2024: EPS: $0.008). The twelve-month trailing LPS was $0.002, and the number of shares used in these calculations was 1,693,131,075.

Notably, 1GS’s stock price closed the trading period on August 15, 2025, at a price of $0.38.

Balance Sheet Highlights

The company’s assets totalled $697.91 million (2024: $644.73 million). The movement in total assets was primarily due to a $106.44 million increase in ‘Intangible Assets’, with ‘Short-term Investments’ decreasing by $71.65 million to partly offset the movement.

Shareholder’s equity was $594.64 million (2024: $596.01 million), representing a book value per share of $0.35 (2024: $0.35).

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