Gala Technology Holding Limited reported solid FY2025 results, driven by strong performance of its mobile sports games.

Revenue climbed 18.9% year-on-year to RMB 922.29 million, supported by flagship titles such as “Total Football”, “Clutch Hit Baseball” and “NBA Rivals”. Gross profit increased 15.4% to RMB 480.07 million, while gross margin softened slightly to 52.1% (FY2024: 53.6%) amid higher platform commissions and licence fees.

Profit attributable to shareholders reached RMB 95.89 million, a 13.9% rise from FY2024. Net margin was 10.4% (FY2024: 10.8%).

Operating highlights • R&D spending grew 16.5% to RMB 155.85 million as the company continued to integrate AI technology into game development. • Selling and marketing expenses were RMB 163.29 million, up 10.8%, reflecting intensified promotion of new titles. • Cash and cash equivalents stood at RMB 452.50 million at year-end; the group remained debt-free. • Gearing ratio was 0.06 and the current ratio was 2.34. • No final dividend was proposed for FY2025.

Product metrics • “NBA Rivals” generated cumulative gross billings of approximately RMB 380 million in Mainland China and RMB 15 million in Hong Kong, Macau and Taiwan within two months of launch, with combined registered users exceeding 8.36 million. • “Total Football” revenue hit a record high, underpinned by expanded IP collaborations with global football clubs and legendary players. • “Clutch Hit Baseball” maintained a top-two market share among MLB-licensed mobile games in North America.

Outlook Management targets further growth in 2026, leveraging the FIFA World Cup year, a PC version launch of “Total Football”, an upgraded “Football Champion”, and World Baseball Classic content for “Clutch Hit Baseball”. The company also plans to deepen AI applications to enhance in-game realism and efficiency.

Governance & compliance The board confirmed full compliance with Hong Kong corporate governance requirements. Grant Thornton Hong Kong Limited was appointed as independent auditor following Deloitte’s retirement at the June 2025 AGM.

No share repurchases occurred in FY2025. The company issued 4.74 million new shares under its 2023 Share Award Scheme, and treasury-share purchases brought holdings to 32,800 shares at year-end.

Liquidity remains strong, and management stated that current resources are sufficient to fund operations and planned game pipeline investments.