INT'L ENT (01009) announced that the group expects to record a pre-tax loss of at least HK$260 million for the fiscal year ending June 30, 2025, compared to a pre-tax loss of approximately HK$162 million for the fiscal year ended June 30, 2024.

The expected pre-tax loss for this year is primarily attributable to the following factors: (i) increased general and administrative expenses, mainly due to staff costs and depreciation and amortization arising from the group's operation and management of casinos in Manila, Philippines, and development of integrated resorts following the takeover of casino operations under the provisional license granted by Philippine Amusement and Gaming Corporation on September 27, 2023, effective from May 9, 2024; (ii) increased selling and marketing expenses, primarily due to rising costs of marketing and promotional activities during the casino's first full operational year to enhance the attractiveness and competitiveness of casino products; (iii) one-off write-off of property, plant and equipment due to the demolition of leasehold improvements in the casino basement, which resulted from renovation works conducted at the casino under the Phase I and Phase II construction contracts signed on February 14, 2025, and May 30, 2025, respectively; (iv) increased bank borrowing interest expenses for the year as the group established and operated casinos and developed integrated resorts under the provisional license.