Macau L.J. (01680) issues profit warning, expecting a decrease of approximately 12% in the total reported earnings for the mid-term compared to the same period last year.

Macau Success (01680) announced that the total reported income for the six months ending June 30, 2025 decreased by about 12% compared to the same period in 2024, mainly due to a decrease in revenue from gaming-related operations. The group is expected to incur a loss of approximately HK$1.421 billion during the reporting period, compared to HK$110 million in the same period last year. The significant increase in losses is mainly attributed to the recognition of a significant impairment loss of approximately HK$1.288 billion on the value of Macau Fisherman's Wharf operated by the group's subsidiaries Macau Fisherman's Wharf International Investment Limited and Hung Fook Property Limited, as the service agreement with Aoyou Comprehensive Resort Limited will not be renewed after December 31, 2025. Excluding the impact of the impairment loss and related deferred tax effects, the expected loss for the reporting period is estimated to increase by approximately HK$23 million (about 21%) compared to the same period last year, mainly due to a decrease of approximately HK$30 million in adjusted EBITDA from gaming-related operations.