TGE Celebrates a Successful 2025, Highlighting Growth in the Hospitality Sector

Rhea-AI Summary

The Generation Essentials Group (NYSE:TGE) reported a strong 2025, driven by growth in its hospitality business following a June de-SPAC and TGE's New York Stock Exchange debut.

TGE executed three share purchase agreements to acquire hotels in New York, Australia, and Malaysia. On a pro forma basis that includes the three SPAs, total assets rose 24.6% to approximately US$1.6 billion and net assets rose 29.8% to approximately US$1.1 billion over the past six months. Closing of each SPA remains subject to customary closing conditions.

Positive

• Completed de-SPAC and NYSE listing in June 2025
• Three SPAs executed for hotel purchases in New York, Australia, Malaysia
• Pro forma total assets +24.6% to ~US$1.6 billion
• Pro forma net assets +29.8% to ~US$1.1 billion

Negative

• All three SPA closings are subject to customary closing conditions
• Reported figures are pro forma, not necessarily reflected in current reported balances

PARIS, LONDON and NEW YORK, Dec. 31, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce on the last day of 2025 that TGE has enjoyed a fruitful and successful year, particularly in the hospitality sector.

In June of this year, TGE completed its de-SPAC business combination with Mr. Lawrence Ho's Black Spade Acquisition II Co and made its debut on the New York Stock Exchange. Building on the successful de-SPAC and the public listing of TGE, TGE has experienced continuous growth, particularly in its hospitality sector where it has effectively executed three SPAs for the acquisition of hotels in key cities around the globe, including locations in New York, Australia, and Malaysia.

On a pro forma basis, taking into account the three executed SPAs, TGE's total assets increased by 24.6%, while net assets grew by 29.8% over the past six months. This growth has led TGE's total assets and net assets on a pro-forma basis to reach approximately US$1.6 billion and US$1.1 billion, respectively. Closing under each of the three SPAs is subject to customary closing conditions.

We take this opportunity on the 31st of December to thank each shareholder for their support and wish everyone a happy new year and a very successful year ahead. 

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor"provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects,""anticipates," "aims," "future," "intends," "plans," "believes,""estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

View original content:https://www.prnewswire.com/news-releases/tge-celebrates-a-successful-2025-highlighting-growth-in-the-hospitality-sector-302651236.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

What did TGE (NYSE:TGE) announce on December 31, 2025 about its 2025 performance?

TGE said it grew notably in hospitality after a June de-SPAC, executed three hotel SPAs, and showed pro forma asset and net asset growth.

How much did TGE's total assets and net assets increase pro forma for the past six months?

On a pro forma basis, total assets increased 24.6% to about US$1.6 billion and net assets increased 29.8% to about US$1.1 billion.

Which cities/countries are involved in TGE's hotel acquisition SPAs announced in 2025?

TGE executed SPAs for hotels located in New York, Australia, and Malaysia.

Does TGE (NYSE:TGE) say the hotel purchases are closed and final as of Dec 31, 2025?

No; the company stated each SPA closing is subject to customary closing conditions.

What corporate milestone did TGE achieve in June 2025 that preceded the hospitality growth?

TGE completed its de-SPAC business combination and debuted on the New York Stock Exchange in June 2025.