ZO Future Group forecasts significant increase in annual loss

ZO Future Group announced it expects to record a loss attributable to owners of HK$320.0m for the year ended June 30, 2025, a significant increase compared to the HK$182.8m loss reported for the corresponding period last year.

The anticipated rise in loss is primarily attributed to a decrease in broadcasting income following the relegation of Birmingham City Football Club to the EFL League One. Other contributing factors include higher finance costs due to increased borrowings, a rise in operating expenses at the Club from increased match day expenses and depreciation after infrastructure upgrades, and increased amortisation of intangible assets from new player acquisitions.

Furthermore, the Group expects a rise in its share of loss from an associate, alongside increased selling and marketing expenses, research and development costs, and administrative expenses within its automobile business. These negative impacts were partially offset by a gain on fair value changes of financial assets and an increase in match day receipts and commercial income from the Club. The annual results are expected to be announced by the end of September 2025.