ZO Future Group's losses jump 71.8% despite revenue growth

ZO Future Group announced its final results for the year ended June 30, 2025, reporting a loss attributable to owners of HK$314.0 million, a 71.8% increase from HK$182.8 million in the previous year. This surge in loss occurred despite a 63.9% rise in revenue to HK$451.2 million from HK$275.2 million. The group also reported net current liabilities of approximately HK$188.7 million and net liabilities of approximately HK$89.6 million as of June 30, 2025.

Key factors contributing to the increased loss include a decrease in broadcasting income due to the football club's relegation, higher finance costs driven by increased borrowings, and a rise in operating expenses. Amortisation of intangible assets also increased by 60.0% to HK$69.3 million, primarily due to new player registrations. Basic loss per share worsened to HK38.04 cents from HK23.37 cents.

However, the new energy automobiles and related business segment saw significant revenue growth of 2,113.3%, reaching HK$123.7 million. The football club segment's revenue also increased by 24.8% to HK$299.3 million, while investment properties generated HK$28.2 million in rental income. The group's total borrowings amounted to approximately HK$1,072.0 million as of June 30, 2025.