October 21, 2025
The Palace Amusement Company Limited (PAL)
Audited financials for the twelve months ended June 30, 2025:
The Palace Amusement Company Limited (PAL) reported revenue of $1.32 billion for the twelve months ended June 30, 2025, reflecting a 6% decline compared to $1.40 billion in the corresponding period of the prior year. However, fourth-quarter revenue increased by 26%, closing at $377.55 million, up from $298.76 million in the comparable quarter of 2024.
Direct expenses totalled $1.22 billion, unchanged from 2024. As a result, gross profit declined by 42% to $103.93 million, down from $178.62 million for the twelve months ended June 30, 2024. For the fourth quarter, gross profit was $53.48 million, compared to $6.76 million in the same quarter of 2024.
Administrative expenses rose by 21% to $256.82 million (2024: $212.92 million), while other operating income fell by 97%, from $134.61 million in 2024 to $4.48 million in the period under review. Consequently, operating loss for the twelve months ended June 30, 2025, amounted to $148.40 million, a significant decline from the operating profit of $100.30 million reported in 2024.
Finance costs for the twelve months ended June 30, 2025, amounted to $42.87 million, a 22% decrease compared to $55.29 million in 2024. For the fourth quarter, finance costs were $12.85 million, up from $9.89 million in 2024.
Loss before taxation totalled $191.27 million (2024: Profit before taxation of $45.02 million). The tax credit for the twelve months amounted to $44.32 million, a 190% increase from $15.30 million in 2024.
Net loss for the twelve months ended June 30, 2025 amounted to $146.95 million (2024: Net profit: $60.32 million). Net loss attributable to stockholders was $147.80 million, a 345% decrease from net profit attributable to stockholders of $60.37 million in 2024.
As a result, Loss Per Share (LPS) for the twelve months amounted to $0.17 (2024: Earnings Per Share (EPS): $0.07), while EPS for the quarter totalled $0.02 (2024: $0.07). The twelve-month trailing LPS was $0.17, based on 862,216,800 shares.
Notably, PAL’s stock price closed the trading period on October 17, 2025, at a price of $0.96.
Balance Sheet Highlights
The company’s assets totalled $2.05 billion (2024: $2.06 billion). The movement in total assets was primarily attributable to a 22% increase in deferred tax assets (from $176.88 million to $215.31 million) and a 48% increase in cash and cash equivalents (from $105.96 million to $157.04 million), partially offset by a 2.7% decline in property, plant and equipment (from $1.53 billion to $1.49 billion) and a 41% reduction in right-of-use assets (from $82.82 million to $48.58 million).
Shareholder’s equity was $898.58 million (2024: $1.03 billion), representing a book value per share of $1.04 (2024: $1.20).
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