Century Entertainment International recently issued a profit warning, expecting to achieve a profit of over HK$25 million in the six months ending September 30, 2025, successfully reversing a loss of HK$11.4 million in the same period last year. This improvement in performance is mainly due to the launch of new online gambling business in the Philippines and the debt settlement with the former controlling shareholder, while new subsidiaries began contributing revenue.
Profit Warning and Performance Turnaround
The company announcement shows that the half-year profit is expected to be no less than HK$25 million, compared to a loss of HK$11.4 million in the same period last year, achieving a significant turnaround. Key factors include the operation of online gambling technology in the Philippines and the synergistic effect with the Chinese camellia oil business, which have generated gross profit during the reporting period.
New Revenue Sources
New revenue sources mainly come from the online gambling platform in the Philippines and the camellia oil business in China, both subsidiaries officially operated during the period and contributed to the earnings. The board expects these businesses to become sustainable growth points for the group, supporting long-term profits.
Financial Adjustments and Other Income
By reaching a settlement with the former controlling shareholder, the company reversed an estimated credit loss of about HK$30 million; also, due to the termination of the Cambodian VIP room agreement, related assets and liabilities were canceled, generating a net lease modification gain of about HK$1.1 million, which was recorded under other income.
Business Growth and Future Plans
The online gambling business in the Philippines has seen monthly revenue growth from July to September, reaching approximately HK$0.8 million, HK$1 million, and HK$3.268 million respectively, showing strong momentum. The company has also signed a letter of intent with a Vietnamese casino operator to explore gambling business expansion, actively promoting the recovery of core businesses. Mid-term results are expected to be announced at the end of this month.
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