AMTD IDEA's Total Assets Exceeded US$2.6 Billion as of 2026 Half Year and Sets Forth Clear Growth Path in Global Hospitality

PARIS and NEW YORK and SINGAPORE, Oct. 23, 2026 /PRNewswire/ -- AMTD IDEA Group ("AMTD IDEA" or "the Company", NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual listed company and also a listed holding platform for (i) digital solutions, (ii) media, entertainment and cultural connectors, and (iii) global premium assets, hospitality and VIP services today announced its unaudited financial results for the six months ended June 30, 2026.

Highlights of Half Year Financial Results

Statement from Senior Management:

Mr. Xavier Zee, CFO of the Company, "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, Perth, London and Kuala Lumpur. 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 June 30, 2026

Revenue

Our revenue for the six months ended June 30, 2026, amounted to US$67.1 million, a change from US$89.0 million recorded for the comparable period in 2025.

Segment Revenue

Other Income And Gains

Other income and gains increased from US$15.7 million for the comparable period in 2025 to US$16.3 million for the current period.

Other Operating Expenses

Other operating expenses for the six months ended June 30, 2026, increased by 30.7% as compared to the comparable period in 2025 to US$27.0 million. This was primarily attributable to an increase in our hotels' depreciation charges and additional operating costs recognized from our hotels in line with the expansion of our hotel operations.

Staff Costs

Staff costs for the six months ended June 30, 2026, decreased slightly to US$6.5 million, compared to US$6.6 million for the comparable period in 2025.

Finance Costs

Finance costs for the six months ended June 30, 2026, decreased to US$4.4 million compared to US$7.1 million for the comparable period in 2025. We remain committed to continuous efforts in asset liability management in order to manage our overall funding costs.

Income Tax Expense

Income tax expense for the six months ended June 30, 2026, increased to US$5.1 million compared to US$1.5 million for the comparable period in 2025.

Profit For The Period

The Company recorded a profit of US$40.3 million in the six months ended June 30, 2026, compared to a profit of US$68.8 million for the comparable period in 2025, which is mainly due to the lower unrealized gains on our investment portfolio in 2026.

Financial Position and Balance Sheet Analysis

The Group's financial position expanded significantly during the six months ended June 30, 2026, reflecting the successful execution of our strategic acquisitions in the hospitality sector. Total assets increased to US$2.6 billion as of June 30, 2026, compared to US$2.3 billion as of December 31, 2025. Total liabilities increased to US$543.3 million from US$385.4 million, while total equity strengthened to US$1.9 billion from US$1.8 billion.

Key fluctuations in our balance sheet items include:

Key Basis of Preparation

The unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles. In accordance with the relevant accounting standards for business combinations (ASC 805 under US GAAP), the initial accounting for the recent acquisitions of the hotel operations in Kuala Lumpur, Perth, and London is incomplete as of the end of the reporting period. Consequently, these acquisitions have been accounted for using provisional amounts.

The reported figures—including the fair value of identifiable assets acquired, liabilities assumed, and any resulting goodwill—are subject to change upon the finalization of the purchase price allocation during the measurement period (which will not exceed one year from the respective acquisition dates). Adjustments to these provisional amounts will be recognized retrospectively to reflect new information obtained about facts and circumstances that existed as of the acquisition date.

Subsequent Event

On October 6, 2026, the Company announced a change in the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares. Further details regarding the ADS ratio change were furnished to the U.S. Securities and Exchange Commission on Form 6-K. The change in ADS ratio is completed on October 19, 2026.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

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 IDEA Group 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 IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026

Six months ended June 30,

2025

2026

US$'000

(unaudited)

REVENUE

Digital solutions and other services income

1,607

1,277

Fashion, arts and luxury media advertising and marketing services income

9,976

10,513

Hotel operations, hospitality and VIP services income.

12,668

20,245

Dividends and gains from disposed financial assets at fair value through profit or loss

8,612

10,116

Net fair value changes on financial assets at fair value through profit or loss (except

derivative financial assets and gains from disposed financial assets at fair value

through profit or loss)

56,176

24,990

89,039

67,141

Other income and gains

15,664

16,254

Other operating expenses

(20,641)

(26,984)

Staff costs

(6,640)

(6,500)

Finance costs

(7,054)

(4,446)

PROFIT BEFORE TAX

70,368

45,465

Income tax expense

(1,544)

(5,126)

PROFIT FOR THE PERIOD

68,824

40,339

Attributable to:

Owners of the company

Ordinary shareholders

43,206

24,550

Holders of perpetual securities

2,157

265

Non-controlling interests

23,461

15,524

68,824

40,339

EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY

HOLDERS OF THE COMPANY

Class A ordinary shares:

Basic (US cents per share)

10.22

4.31

Diluted (US cents per share)

10.22

4.31

Class B ordinary shares:

Basic (US cents per share)

10.22

4.31

Diluted (US cents per share)

10.22

4.31

AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS AT DECEMBER 31, 2025, AND JUNE 30, 2026

December 31,

2025

June 30,

2026

US$'000

(audited)

(unaudited)

ASSETS

Current assets

Accounts receivable

7,113

7,400

Prepayments, deposits and other receivables

21,437

38,708

Due from immediate holding company

1,346,526

1,248,573

Financial assets at fair value through profit or loss

8,327

26,246

Cash and bank balances

51,074

42,533

Total current assets

1,434,477

1,363,460

Non-current assets

Property, plant and equipment

314,069

694,321

Intangible assets

119,099

118,191

Deposits

82,609

Financial assets at fair value through profit or loss

350,060

374,994

Total non-current assets

865,837

1,187,506

Total assets

2,300,314

2,550,966

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

1,532

3,396

Bank borrowings

50,232

34,961

Other payables and accruals

10,144

52,278

Due to a non-controlling shareholder

64,081

76,422

Tax payable

3,426

5,283

Total current liabilities

129,415

172,340

Non-current liabilities

Bank borrowings

241,910

307,965

Deferred tax liabilities

5,645

52,566

Deferred underwriting commissions

6,000

Provisions

2,407

4,422

Total non-current liabilities

255,962

370,953

Total liabilities

385,377

543,293

AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

AS AT DECEMBER 31, 2025 AND JUNE 30, 2026

December 31,

2025

June 30,

2026

US$'000

(audited)

(unaudited)

Commitments and Contingencies

Redeemable shares issued by TGE Value Creative Solutions Corp ("TGE SPAC")

150,110

152,545

Equity

Share capital

Treasury shares

(734,658)

Reserves

2,109,994

2,117,443

Total equity attributable to ordinary shareholders of the Company

1,375,400

1,382,849

Non-controlling interests

177,104

259,956

Perpetual securities

206,559

Warrants

5,764

Total equity

1,764,827

1,855,128

Total liabilities, redeemable shares issued by TGE SPAC and equity

2,300,314

2,550,966

SOURCE AMTD IDEA Group