ZO FUTURE GROUP announced its annual performance, with a loss attributable to shareholders of approximately HKD 314 million, an increase of 71.77% year-on-year

According to the Zhitong Finance APP, ZO FUTURE GROUP (02309) announced its annual performance for the year ending June 30, 2025, with revenue of approximately HKD 451 million, an increase of about 63.9% year-on-year. The loss attributable to the company's owners was approximately HKD 314 million, a year-on-year increase of 71.77%; the loss per share was HKD 0.3804.

The announcement stated that the significant increase in losses was mainly due to the following factors during the review period: (i) Birmingham City Football Club was relegated to the English Football League One in the 2024/25 season, resulting in a decrease in broadcasting revenue; (ii) an increase in financing costs, primarily affected by an increase in loans; (iii) an increase in the club's operating expenses, mainly due to increased match day and commercial expenses, as well as increased depreciation of property, plant, and equipment after the completion of infrastructure and equipment upgrades; (iv) an increase in the amortization of intangible assets due to the purchase of new players; (v) an increase in losses from joint ventures due to increased operating expenses of the joint ventures; and (vi) an increase in sales and marketing expenses, R&D costs, and administrative expenses in the new energy vehicle business, which were partially offset by increased commercial revenue and match day income obtained during the year, as well as gains from changes in the fair value of financial assets