AMTD Digital’s Total Assets Expand to US$1.2 Billion with Net Assets at US$630.6 Million, Maintaining Robust Profitability of US$42.4 Million
PARIS & NEW YORK--( BUSINESS WIRE)--AMTD Digital Inc. (“AMTD Digital” or the “Company”, NYSE: HKD), a NYSE listed company and also a comprehensive digital solutions and global hospitality and VIP services platform headquartered in France, announces its unaudited financial results for the six months ended April 30, 2026.
Highlights of Half Year Financial Results
Statement from Senior Management:
Xavier Zee, Chief Financial Officer, said “I am pleased to report that the Group has further enriched its hospitality portfolio following acquisitions of hotels in 4 international cities, namely New York, London, Perth and Kuala Lumpur, during the half year period and up to this announcement date. We continuously see strong momentum in this strategic sector and are heartened for the solid hospitality results after the acquisitions. We also see that there are many collaboration opportunities and synergies between our IP related business and this hospitality arm, which will bring in more revenue streams for the Group.”
Financial Results for the Six Months Ended April 30, 2026
Revenue
Our total revenue for the six months ended April 30, 2026 was US$63.8 million, compared with US$73.2 million recorded for the comparable period in 2025. The components of our revenue are as follows:
Employee Benefit Expense
Staff costs for the six months ended April 30, 2026 decreased to US$5.6 million, compared to US$8.6 million in the comparable period in 2025, reflecting optimized operational efficiencies across the Group.
Depreciation and Amortization
Depreciation and amortization for the six months ended April 30, 2026 increased to US$5.0 million, compared to US$4.7 million in the same period in the prior year. This increase is primarily attributable to the addition of the New York hotel property to our real estate portfolio.
Finance Costs
Finance costs for the six months ended April 30, 2026 decreased by 24.9% to US$4.6 million, compared to US$6.1 million in the comparable period in 2025.
Other Expenses
Other expenses for the six months ended April 30, 2026 increased to US$13.0 million, compared to US$11.0 million in the comparable period in 2025. This increase is primarily attributable to the additional operating costs associated with our expanded hotel operations, including the newly acquired New York property.
Other Income
Other income increased to US$12.5 million for the six months ended April 30, 2026, compared to US$10.7 million for the comparable period in 2025, mainly due to higher interest income driven by an increase in outstanding balances owed by group companies during the current period.
Profit For the Period
Profit for the six months ended April 30, 2026 was US$42.4 million, compared to US$51.5 million in the comparable period in 2025. The change is primarily the result of a lower unrealized fair value gain on financial assets and higher income tax expenses (US$4.0 million in 2026 compared to US$0.8 million in 2025), offset by steady growth in our core operating businesses.
Financial Position and Balance Sheet Analysis
The Group’s financial position expanded significantly during the six months ended April 30, 2026, reflecting the successful execution of our strategic acquisition in the hospitality sector.
Subsequent events
Subsequent to the reporting period ended April 30, 2026, the Group successfully completed the acquisition of three additional premier hotel properties to further scale its global hospitality footprint:
These acquisitions are in line with the Group’s ongoing strategy to expand its footprint in key international gateway cities, diversify its asset portfolio, and increase recurring revenue streams.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD Digital Inc. are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
AMTD DIGITAL INC.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE SIX MONTHS ENDED APRIL 30, 2025 AND 2026
Six months ended April 30,
2025
2026
US$’000
US$’000
(unaudited)
Revenue from contracts with customers
25,310
26,398
Dividend income
352
-
Changes in fair value on financial assets measured at fair value through profit or loss
47,498
37,428
Total revenue
73,160
63,826
Other income
10,664
12,450
Other gains and losses, net
(336
)
83
Employee benefits expense
(8,633
)
(5,601
)
Advertising and promotion expense
(331
)
(1,123
)
Premises and office expenses
(108
)
(57
)
Legal and professional fee
(394
)
(629
)
Depreciation and amortization
(4,653
)
(5,008
)
Finance costs
(6,100
)
(4,582
)
Other expenses
(10,996
)
(13,008
)
PROFIT BEFORE TAX
52,273
46,351
Income tax expense
(811
)
(3,954
)
PROFIT FOR THE PERIOD
51,462
42,397
OTHER COMPREHENSIVE INCOME (EXPENSES)
Item that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations
828
(729
)
Item that will not be reclassified subsequently to profit or loss:
Exchange differences arising on translation of foreign operations
360
(5,202
)
OTHER COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD
1,188
(5,931
)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
52,650
36,466
Profit for the period attributable to:
Owners of the company
27,072
23,600
Non-controlling interests
24,390
18,797
51,462
42,397
Total comprehensive income for the period attributable to:
Owners of the company
28,213
17,377
Non-controlling interests
24,437
19,089
52,650
36,466
EARNINGS PER SHARE
Basic (US$)
0.22
0.19
Diluted (US$)
0.22
0.19
AMTD DIGITAL INC.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT OCTOBER 31, 2025 AND APRIL 30, 2026
October 31,
2025
April 30,
2026
US$’000
US$’000
(audited)
(unaudited)
ASSETS
Current assets
Accounts receivable
11,834
10,207
Prepayments, deposits and other receivables
4,466
6,774
Amount due from AMTD Group
250,731
132,237
Financial assets at fair value through profit or loss
7,987
7,920
Cash and bank balances
46,363
41,740
Total current assets
321,381
198,878
Non-current assets
Property, plant and equipment
293,140
359,735
Intangible assets
119,311
118,308
Deposits
-
72,561
Financial assets at fair value through profit or loss
221,532
427,395
Total non-current assets
633,983
977,999
Total assets
955,364
1,176,877
LIABILITIES AND EQUITY
Current liabilities
Accounts payable
5,486
5,815
Other payables and accruals
9,831
13,712
Bank borrowings
83,305
5,339
Amounts due to non-controlling shareholders
64,197
61,685
Contract liabilities
664
429
Income tax payable
3,483
3,655
Total current liabilities
166,966
90,635
Non-current liabilities
Bank borrowings
176,818
290,105
Provision for replacement of hotel properties
2,266
2,648
Deferred underwriting commissions
-
6,000
Deferred tax liabilities
5,655
5,607
Total non-current liabilities
184,739
304,360
Total liabilities
351,705
394,995
Commitments and Contingencies
Redeemable shares issued by TGE Value Creative Solutions Corp. (“TGE SPAC”)
-
151,321
Equity
Share capital
13
13
Treasury shares
(295,719
)
(295,719
)
Reserves
559,348
564,544
Total equity attributable to owners of the Company
263,642
268,838
Warrants
2,145
5,764
Non-controlling interests
337,872
355,959
Total equity
603,659
630,561
Total liabilities, redeemable shares issued by TGE SPAC and equity
955,364
1,176,877
*
less than US$1,000.