Century Entertainment International Holdings has reported a sharp turnaround for the six months ended 30 September 2025, driven largely by the launch of its new online gaming platform in the Philippines.
The company posted revenue of HK$5.76m, marking its first income after reporting no revenue during the same period last year.
The group's new online gaming subsidiary, Konphil Technology Company (KTC), contributed HK$5.1m to revenue shortly after commencing operations in July. The segment delivered a gross margin of 80.7%, reflecting the strong profitability of the sub-licensing model under its partnership with World Platinum Technologies, a PAGCOR-licensed provider.
Century Entertainment recorded a net profit of HK$26.4m, compared with a loss of HK$11.4m in the prior period. However, much of this improvement came from non-recurring gains, including HK$3m from the offsetting of liabilities and a HK$30.2m reversal of impairment loss linked to a settlement with a former director.
The group also launched a second business line trading premium camellia oil in mainland China, generating HK$690,000 in revenue. This segment reported a small loss during the period as it remains in an early development stage.
Despite the headline profit, the company continues to face financial pressure. It reported net liabilities of HK$98.6m and a gearing ratio exceeding 1,000%, with the going-concern assumption reliant on continued support from a major shareholder and the expansion of new gaming operations.
Management said it expects the online gaming platform to become a core revenue driver, with plans to scale distribution, enhance user acquisition and pursue additional gaming opportunities in Southeast Asia.
The group reported net liabilities of HK$98.6m, meaning financial pressure remains despite the interim profit
