Palasino Holdings Ltd. Reports Slight Increase in Revenue to HK$568.1M for FY Ended March 2025; Gaming Operations Revenue Up, Hotel Operations Down

Reuters
26 Jun
Palasino Holdings Ltd. Reports Slight Increase in Revenue to HK$568.1M for FY Ended March 2025; Gaming Operations Revenue Up, Hotel Operations Down

Palasino Holdings Ltd. has announced its audited consolidated results for the financial year ended 31 March 2025. The company reported a 1% growth in revenue before gaming tax compared to the previous financial year, primarily driven by an increase in gaming revenue. The Group's profit for FY2025 was HK$15 million, up from HK$9 million in FY2024. However, the adjusted net profit, a non-HKFRS measure, was HK$17 million for FY2025, a decrease from HK$41 million in FY2024. Adjusted earnings before interest income, finance costs, income tax, and depreciation and amortization (Adjusted EBITDA), another non-HKFRS measure, stood at HK$52 million for FY2025, down from HK$85 million in the previous year. Additionally, the adjusted property EBITDA was reported at HK$75 million for FY2025, compared to HK$106 million in FY2024. No specific outlook or guidance for future periods was provided in the announcement.

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