November 28, 2025
The Palace Amusement Company Limited (PAL)
Unaudited financials for the first quarter ended September 30, 2025:
The Palace Amusement Company Limited (PAL) reported its results for the first quarter ended September 30, 2025. Revenue increased by 3% to $356.51 million, compared to $345.35 million in the corresponding period last year.
Direct expenses totaled $310.92 million, down 2% year-over-year from $318.35 million. As a result, gross profit rose by 69% to $45.58 million, up from $27.00 million in the prior year.
Administrative expenses grew by 9%, closing at $59.64 million versus $54.90 million last year. Meanwhile, other operating income declined by 5%, moving from $989,000 to $942,000. Consequently, operating loss for the quarter was $13.11 million, representing a notable improvement compared to the operating loss of $26.91 million in the prior year.
Finance costs amounted to $14.10 million, a 46% increase from $9.65 million last year. Loss before taxation totaled $27.21 million, down 26% from $36.55 million in the corresponding period.
No tax charge was incurred, leaving Net Loss unchanged at $27.21 million for the quarter.
Net loss attributable to stockholders amounted to $27.19 million, also reflecting a 26% improvement from $36.54 million in the prior year.
Consequently, Loss Per Share for the three months amounted to $0.03 (2024: LPS: $0.04). The twelve-month trailing LPS was $0.16, and the number of shares used in these calculations was 862,216,800. Notably, PAL’s stock price closed the trading period on November 27, 2025, at a price of $0.95.
Balance Sheet Highlights
The company’s assets totaled $2.01 billion (2024: $2.05 billion). The movement in total assets was primarily attributable to a 4% decrease in plant, property and equipment (from $1.52 billion to $1.47 billion).
Shareholder’s equity was $871.39 million (2024: $996.10 million), representing a book value per share of $1.01 (2024: $1.16).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
