ESUN HOLDINGS (00571) announced its annual performance. The company's net loss attributable to owners decreased by 97.49% year-on-year to HK$12.8 million.

ESUN HOLDINGS (00571) announced its annual performance for the year ending July 31, 2025, with a turnover of approximately HK$780 million, a decrease of about 33.2% compared to the previous year. The company's attributable loss for the year was HK$12.8 million, a decrease of 97.49% compared to the previous year, with a loss per share of HK$0.007. The announcement stated that the decrease in revenue was mainly due to a decrease in revenue from film and television programs, as well as media and entertainment businesses, although the growth in theater operating revenue compared to the previous fiscal year slightly offset this. The comprehensive loss for the year significantly decreased, mainly due to (i) reversal of impairment losses on right-of-use assets and property, plant and equipment during the year, which had significant impairment losses in the previous fiscal year; (ii) reduced depreciation on right-of-use assets and property, plant and equipment, as impairment losses were recorded on these assets in the previous fiscal year; and (iii) increase in income from renegotiated leases after successful negotiations with landlords for rent reductions and lease restructuring.