Hong Kong-listed gaming supplier Asia Pioneer Entertainment (APE) has issued a positive profit alert, with the group expecting to record a net profit of HK$7.5 million ($958,400) for FY25, up by approximately 100 percent yearly.
According to a Wednesday filing, the group is also expecting a 30 percent increase in revenue, to HK$65.8 million ($8.41 million) for the year.
If realized, the figure is a significant improvement from the group’s 1H25 results, which indicated net profit of just HK$24,959 ($3,209), still a significant improvement from the HK$600,000 ($77,000) loss recorded in 1H24. Group revenue in 1H25 reached HK$23 million ($2.96 million) up from HK$19.9 million ($2.56 million) in the same period of 2024, supported by a 39.6 percent surge in technical sales and distribution of gaming machines to HK$19.3 million ($2.48 million).
At the time of the first-half results release, the group headed by Herman Ng indicated that ‘resurging growth will continue in the second half of 2025 and beyond as casinos strengthen their financial positions’.
The company furthered that it was ‘working with suppliers to introduce new products and technologies to meet the growing demands of the mass gaming market’.
