Success Universe Group Limited reported revenue of HK$59.70m for the year ended December 31, 2025, up 16% year over year, but swung to a net loss of HK$410.40m compared with a profit of HK$93.40m in 2024.
The shift was mainly driven by a HK$340.70m impairment on the group’s interests in its associates and a HK$3.80m share of loss relating to Ponte 16 following the cessation of Casino Ponte 16’s operations on November 29, 2025. The previous year had recorded a HK$112m share of profit from the associates. Fair value gains on overseas listed equity securities also declined significantly to HK$26.40m from HK$89.20m a year earlier.
Gross profit increased 9% to HK$18.70m. However, the group recognized a combined HK$28.40m fair value loss on investment properties and write-down of property stock, along with a HK$23.10m impairment on leasehold land and buildings.
The travel segment, operated through Jade Travel in Canada, generated revenue of HK$57.10m, up 17%, supported by resilient global tourism demand and stronger air connectivity between North America and Asia-Pacific. Segment profit improved to HK$800,000. The group also secured a Hong Kong travel agent license in July 2025 to expand its market reach.
Macau visitor arrivals reached 40.07 million in 2025, up 14.7% year over year. Despite the closure of Casino Ponte 16 under updated gaming regulations, the group said it remains committed to repositioning Ponte 16 toward non-gaming leisure and hospitality offerings.
The group said it will maintain a prudent approach in 2026 while focusing on tourism, property and diversified leisure opportunities.
Net current assets improved to HK$213.70m, and the chairman’s loan facility was expanded to HK$380m with maturity extended to 2028
