SJM Holdings (00880) fell nearly 6% after its earnings report. As of the time of writing, it dropped 4.74%, trading at HKD 2.21, with a turnover of HKD 23.8471 million.
According to Zhitong Finance APP, SJM Holdings (00880) dropped nearly 6% after its earnings announcement. As of the time of writing, it fell by 4.74%, trading at HKD 2.21, with a turnover of HKD 23.8471 million.
In terms of announcements, SJM Holdings released its annual results for 2025. The report shows that gaming net revenue amounted to HKD 26.203 billion, representing a year-on-year decrease of 2.4%. Total net revenue reached HKD 28.17 billion, marking a year-on-year decline of 2.08%. The attributable loss to owners was HKD 429 million, compared to a profit of HKD 3 million in 2024, transitioning from profit to loss. Basic loss per share was 6.04 Hong Kong cents. Adjusted EBITDA stood at HKD 3.198 billion, showing a year-on-year decrease of 15.04%. The board does not recommend the payment of a final dividend.
SJM stated that last year, it cooperated with regulations to orderly close its satellite casinos. This transition pressured short-term performance, leading to transitional adjustments in overall profitability and market share. However, it noted that the structural impact of closing satellite casinos has largely been eliminated, with resource reallocation completed. The company will continue to focus on improving operational efficiency, driving profit growth, and strengthening its product portfolio to expand its high-quality customer base.
