Pico Far East Holdings Limited (752) Posts Strong Financial and Operational Results for FY2025

Bulletin Express
02/26

Pico Far East Holdings Limited (the “Company”) released its annual results for the year ended October 31, 2025, highlighting notable revenue growth and a solid operational performance across its key business segments. Total revenue reached HK$7.21 billion, a 13.9% increase from HK$6.33 billion in the prior period. Profit from core operations amounted to HK$591.60 million, up 18.5%, while profit attributable to owners of the Company increased 21.9% to HK$436.00 million. The Group reported EBITDA of HK$636.90 million, a rise of 12.8% year on year.

Driven by the Board’s recommendation of a final dividend of HK9.0 cents and a special dividend of HK4.5 cents per share, together with an interim dividend of HK5.5 cents, the total dividend for the year stands at HK19.0 cents per share. Basic and diluted earnings per share grew to 34.92 cents and 34.77 cents, respectively, compared with 28.84 cents and 28.74 cents a year ago.

In the Brand Experience Activation segment, revenue reached HK$6.15 billion and segment profit stood at HK$642.50 million, supported by a wide array of exhibitions, major conferences, and immersive engagements. The Meeting Architecture Activation segment recorded HK$146.00 million in revenue, with the variance from last year largely attributable to a one-off gain realized previously. In Museum and Themed Entertainment, revenue surged to HK$0.91 billion, propelled by large-scale fit-outs, fabrication expansions, and new partnerships in Asia and the Middle East.

From a financial position standpoint, total assets rose to HK$6.25 billion, while liabilities stood at HK$3.70 billion. Equity attributable to owners of the Company reached HK$2.55 billion. The Group’s current ratio improved to 1.40 times, reflecting strengthened liquidity. During the period, operating activities generated robust cash inflows, and funds were allocated to production facilities, ongoing digital innovations, and strategic acquisitions.

Amid dynamic global market conditions, the Group capitalized on evolving demand for digitally oriented and sustainability-focused events. Its international network spans 37 cities across multiple continents, supported by over 2,300 employees and more than 90,000 square meters of production facilities. The Board continued to review risks related to exchange rate fluctuations, changing customer preferences, and ESG considerations. A formal structure of committees, including Audit, Remuneration, and Nomination Committees, underpinned corporate governance and internal controls.

According to the Directors’ Report, major suppliers and customers each contributed less than 30% to the Group’s overall business, while share-based incentives involved granting 6,764,000 options under the 2022 Scheme. The Company recorded a donation of HK$287,000 for community support. Throughout the year, no material or connected transactions were reported, and the auditor issued an unqualified opinion on the Group’s consolidated financial statements.

Overall, Pico Far East Holdings Limited reinforced its global presence in the brand activation and events sector, enhanced by expanded service offerings, strengthened technology integration, and robust corporate governance. The Group emphasizes continued efficient operations and the management of evolving market requirements as part of its ongoing strategic priorities.

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