ZO FUTURE GROUP (02309) announced its interim results with a net loss attributable to shareholders of HK$117 million, representing a 217.43% increase year-on-year.

ZO FUTURE GROUP (02309) released its interim results for the six months ended December 31, 2024. The revenue was HK$173 million, a year-on-year increase of 19.62%; and the shareholders' net loss was HK$117 million, a year-on-year increase of 217.43%; with a basic loss per share of 14.36 HK cents. The announcement stated that the significant increase in losses was mainly due to the following factors in the comparative period: Birmingham City Football Club was relegated to the English Football League One this season, leading to a decrease in broadcasting revenue; a reduction in profits from the sale of player registrations; an increase in financing costs driven mainly by increased borrowing; an increase in the club's operating expenses, primarily due to increased match days and commercial expenses, as well as increased depreciation of property, plant, and equipment after completion of maintenance and upgrading of infrastructure and equipment; an increase in sales and marketing expenses in the automotive business, and administrative expenses, partially offset by increased commercial and match day revenue and gains from changes in the fair value of financial assets during the period.