The Generation Essentials Group (TGE) said on Dec, 31 2025 that it delivered substantial growth during 2025, driven mainly by new acquisitions in the hospitality sector.

TGE completed its de-SPAC merger with Black Spade Acquisition II Co in Jun, 2025 and began trading on the New York Stock Exchange the same month.

Since the listing, the company has signed three sale and purchase agreements to acquire hotels in New York, Australia and Malaysia.

On a pro forma basis that includes these transactions, TGE’s total assets rose 24.6 % to about 1.6 billion Singapore dollars, while net assets increased 29.8 % to roughly 1.1 billion Singapore dollars over the past six months. Completion of each deal remains subject to customary closing conditions.

TGE is a subsidiary of AMTD Digital Inc. (HKD) and is jointly backed by AMTD IDEA Group (AMTD) and AMTD Group Inc.