August 18, 2025
The Palace Amusement Company Limited(PAL)
Unaudited financials for the twelve months ended June 30, 2025:
The Palace Amusement Company Limited (PAL) for the twelve months ended June 30, 2025 reported a 6% decrease in Revenue totaling $1.32 billion compared to $1.40 billion in the corresponding period last year. Revenue for the fourth quarter had a 26% increase to close at $377.55 million compared to $298.76 million for the comparable quarter of 2024.
Direct expenses amounted to $1.23 billion (2024: $1.22 billion), this represents an increase of 1% year over year. Consequently, gross profit decreased by 49% to $91.43 million compared to $178.62 million for the twelve months ended June 30, 2024. The company booked gross profit of $40.97 million for the fourth quarter versus $6.76 million reported for the similar quarter of 2024.
Administration expenses increased by 19% to close at $252.56 million (2024: $212.92 million), while Other operating income decreased by 95% from $134.61 million in 2024 to $7.23 million in the period under review. As a result, operating loss for the twelve months ended June 30, 2025 amounted to $153.90 million (2024: Operating profit of $100.30 million).
Finance costs for the twelve months ended June 30, 2025, amounted to $42.87 million, a 22% decrease relative to $55.29 million reported in 2024. Loss Before taxation totaled $196.77 million a significant decrease from the corresponding period last year. (2024: profit before taxation of $45.02 million).
No tax charge was incurred for the twelve months ended June 30, 2025 (2024: Tax credit of $15.30 million).
Net Loss for the twelve months ended June 30, 2025 amounted to $196.77 million, a significant decline from the net profit of $60.32 million in the prior year. Net Loss attributable to stockholders of the company for the twelve months amounted to $197.62 million, a 427% decrease from the loss of $60.37 million reported in 2024. For the fourth quarter, Net Loss attributable to stockholders of the company was $32.56 million (2024: Loss of $63.14 million).
Consequently, Loss Per Share for the twelve months amounted to $0.23 (2024: EPS: $0.07), while Loss Per Share for the quarter totaled $0.04 (2024: LPS: $0.07). The twelve-month trailing LPS was $0.23, and the number of shares used in these calculations was 862,216,800.
Notably, PAL’s stock price closed the trading period on August 15, 2025, at a price of $1.04.
Balance Sheet Highlights
The company’s assets totaled $1.98 billion (2024: $2.06 billion). The movement in total assets was primarily attributable to a 3% decline in ‘Plant, property and equipment’ amounting to $1.49 billion (2024: $1.52 billion) and 46% decline in ‘right of use assets amounting to $45.08 million (2024: $82.82 million).
Shareholder’s equity was $829.54 million (2024: $1.03 billion), representing a book value per share of $0.96 (2024: $1.20).
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