INT'L ENT (01009) issued a profit warning, expecting an annual pre-tax loss of not less than HK$260 million.

INT'L ENT (01009) announced that the group expects to incur a loss before tax of not less than HK$260 million for the fiscal year ending June 30, 2025, compared to a loss before tax of approximately HK$162 million for the fiscal year ending June 30, 2024. The expected loss for the current year is mainly attributable to the following factors: (i) an increase in general and administrative expenses, primarily due to the employee costs and depreciation and amortization expenses incurred by the group in operating and managing the casino business in Manila, Philippines, after taking over the operations under the temporary license granted to the Philippine Entertainment and Gaming Corporation on September 27, 2023; (ii) an increase in sales and marketing expenses, mainly due to the rise in costs of marketing and promotional activities for the casino products to enhance their attractiveness and competitiveness during the first full operational year of the casino; (iii) one-off write-off of property, plant, and equipment due to the dismantling of leasehold improvements in the casino basement, which were carried out as part of renovation works under the first and second construction contracts signed on February 14, 2025, and May 30, 2025, respectively; (iv) an increase in bank borrowing interest expenses in the current year due to the establishment and operation of the casino and integrated resort under the temporary license.