Asia: LET Group confirms HK$99.5m profit in H1 2025
Revenue rises 65% amid strong operational performance.
Key points:
– LET Group reports strong first-half performance with a 69% increase in profit compared to H1 2024
– The company also confirms the continued suspension of trading while maintaining operational and financial growth
Results overview
LET Group has announced its unaudited interim results for the six months ended 30 June 2025.
Total revenue for the period rose 65% year-on-year to approximately HK$312.9m (US$40.11m). Gross profit increased 14% to HK$116.1m, reflecting increased operational efficiency.
Profit attributable to equity holders of the Company reached HK$99.5m, up 69% compared with H1 2024. Basic loss per share was recorded at HK$0.49 cents, compared with HK$1.09 cents in the prior period.
Financial highlights
Total comprehensive income for the period amounted to HK$261.5m, supported by favourable foreign exchange effects and other gains. Net assets rose to HK$4.76bn, representing a 6% increased compared with the end of 2024.
Current assets totaled HK$1.16bn, with net current assets of HK$260.3m. Non-current assets, including property and right-of-use assets, amounted to HK$7.13bn.
Good to know: LET Group prepares its accounts under HKFRS Accounting Standards, reviewed by the audit committee
Trading update
The Company confirms the continued suspension of trading. The Board will continue monitoring market conditions and provide updates as necessary.
The financial results come as LET Group and Summit Ascent Holdings face delisting on 1 September, after failing Stock Exchange resumption conditions, leaving shareholders without a public market for trading.
Following the delisting, the shares will no longer be available for public trading and the companies will no longer be subject to the Exchange’s listing rules, including requirements for corporate governance, financial reporting and disclosure.
The Group’s recent performance reflects effective operational execution and strategic financial management.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
