International Entertainment revenue climbs 71.5% to HK$458.9m

International Entertainment Corporation reported revenue of HK$458.9m (US$58.6m) for the six months ended 31 December 2025, up 71.5% year-on-year. 

Growth was driven by its Gaming Operation segment, where revenue increased 84.4% to HK$442.5m. 

Gaming contributed 96.4% of total group revenue, up from 89.7% a year earlier. The uplift reflected higher land-based casino activity under its provisional licence granted by Philippine Amusement and Gaming Corporation, alongside increased commission income from providing gaming platforms to authorised operators. 

Hotel revenue declined 40.4% to HK$16.5m as renovation works at New Coast Hotel Manila resulted in temporary room closures. Room revenue fell 37.3% to HK$12.1m, while food and beverage revenue dropped 41.6% to HK$4.3m. 

Gross profit rose to HK$245.0m from HK$90.9m, with gross margin expanding 19.4 percentage points to 53.4%, supported by higher-margin commission income. Finance costs decreased 3.4% to HK$44.1m, while income tax expense increased to HK$31.6m from HK$6.7m.

The group narrowed its loss by 9.7% to HK$85.8m, compared with HK$95.0m in the previous period. Loss per share improved to 6.27 HK cents from 6.94 HK cents.

As of 31 December 2025, bank balances and cash stood at HK$353.9m, down 37.1% from HK$562.5m at 30 June 2025. Net current assets declined to HK$364.4m from HK$524.6m. 

In January 2026, the company completed renovation of the casino’s ground floor, increasing gaming tables from 99 to 116 and slot and electronic gaming machines from 517 to 664. A grand reopening is planned for July 2026.

The group remains committed to investing between US$1.0bn and US$1.2bn in the development of its Manila integrated resort under its 2023 provisional licence agreement. 

In November 2025, DigiPlus Interactive Corp agreed a HK$1.6bn convertible notes deal that could result in a 53.89% stake in International Entertainment, subject to shareholder and regulatory approvals.