ESUN HOLDINGS (00571) has announced its annual results for the year ended July 31, 2025, reporting revenue of approximately HKD 780 million, a year-on-year decline of about 33.2%. The loss attributable to shareholders was HKD 12.8 million, a decrease of 97.49% compared to the previous year, resulting in a loss per share of HKD 0.007. The announcement stated that the revenue decline was primarily due to reductions in earnings from film and television programs as well as the media and entertainment sectors, although this was partially offset by an increase in theater operating income compared to the prior fiscal year. The significant reduction in comprehensive losses was mainly due to (i) the reversal of impairment of right-of-use assets and property, plant, and equipment during the reporting year, whereas these assets had undergone substantial impairment losses in the previous fiscal year; (ii) a decrease in depreciation of right-of-use assets and property, plant, and equipment, as these assets had already been subject to impairment losses in the last fiscal year; and (iii) an increase in income from successful negotiations for rent concessions and the restructuring of leases with property owners.