Financial Results for the Six Months Ended April 30, 2026

Revenue

Our total revenue for the six months ended April 30, 2026 was US$63.8 million, compared with US$73.2 million recorded for the comparable period in 2025. The components of our revenue are as follows:

• Revenue from contracts with customers increased to US$26.4 million for the six months ended April 30, 2026, compared to US$25.3 million for the comparable period in 2025. This growth was primarily driven by the steady performance of our media and entertainment segment and the expansion of our hotel operations, including the newly acquired New York hotel property.
• Net fair value changes on financial assets at fair value through profit or loss was a gain of US$37.4 million for the six months ended April 30, 2026, compared to a gain of US$47.5 million in the comparable period of 2025. The change reflects the unrealized gains on our investment portfolio during the current period.