With TGE Consolidated, AMTD Digital Reports Full Year Results with 565.7% Increase in Revenue, 132.7% Increase in Net Income, and 280.2% Increase in Net Assets

AMTD Digital (NYSE: HKD) filed its Form 20-F for fiscal year ended October 31, 2025, consolidating The Generation Essentials Group (TGE).

Rhea-AI Summary

AMTD Digital (NYSE: HKD) filed its Form 20-F for fiscal year ended October 31, 2025, consolidating The Generation Essentials Group (TGE). Total revenue rose 565.7% to US$136.1 million and net income grew 132.7% to US$97.0 million. Total assets were US$955.4 million and net asset value was US$603.7 million.

The annual report is available on the company investor relations website; shareholders and ADS holders can request a free hard copy from Investor Relations.

Positive

• Revenue +565.7% to US$136.1 million
• Net income +132.7% to US$97.0 million
• Total assets of US$955.4 million
• Net asset value of US$603.7 million (US$4.78/share)

Negative

• None.

Argus Mar 2 session

-16.57% close to close Open Argus

Details

News Market Reaction – HKD

On Mar 2, the first trading day after this news, HKD closed 16.57% below the previous close.

Data tracked by StockTitan Argus for the Mar 2 session.

Key Figures

Revenue FY 2025: US$136.1 million Revenue growth: 565.7% Net income FY 2025: US$97.0 million +3 more

Revenue FY 2025

US$136.1 million

Total revenue, up 565.7% from US$20.4 million

Revenue growth

565.7%

Increase in total revenue year-over-year

Net income FY 2025

US$97.0 million

Total net income, up 132.7% from US$41.7 million

Net income growth

132.7%

Increase in total net income year-over-year

Total assets

US$955.4 million

Reported total assets, equivalent to US$7.57 per share

Net asset value

US$603.7 million

Net asset value, or US$4.78 per share

Historical Context

5 past events · Latest: Feb 23

5 events

1. Feb 23

   Box office milestone

   24h Move

   +1.8%

   TGE film “Scare Out” surpassing US$120M box office with strong social reach.

2. Feb 17

   Pre-sales update

   24h Move

   +1.9%

   “Scare Out” pre-sales of US$14.5M and multi‑billion promo view counts.

3. Feb 06

   Film launch plans

   24h Move

   -4.6%

   Announcement of national-security themed film releases across multiple markets.

4. Jan 28

   Brand expansion

   24h Move

   -3.6%

   Global expansion of AMTD L’Officiel with full legal rights and IP registrations.

5. Jan 15

   Litigation update

   24h Move

   +0.0%

   Litigation launched against Jalou family over alleged falsehood and defamation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, securities and exchange commission, net asset value, ads

4 terms

form 20-f regulatory

"announced the filing of its annual report on Form 20-F for the fiscal year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

securities and exchange commission regulatory

"for the fiscal year ended October 31, 2025 with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

net asset value financial

"Net asset value amounted to US$603.7 million (US$4.78/share)"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

ads financial

"to its shareholders and ADS holders upon request."

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PARIS and NEW YORK and LONDON, Feb. 27, 2026 /PRNewswire/ -- AMTD Digital Inc. ("AMTD Digital" or the "Company") (NYSE: HKD), a NYSE-listed company and a subsidiary of AMTD Group Inc., today announced the filing of its annual report on Form 20-F for the fiscal year ended October 31, 2025 with the Securities and Exchange Commission, which consolidates the financial results of The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE);  summary highlights below:

• Total Revenue increased by 565.7% from US$20.4 million to US$136.1 million
• Total Net Income increased by 132.7% from US$41.7 million to US$97.0 million 
• Total Assets amounted to US$955.4 million (US$7.57/share)
• Net asset value amounted to US$603.7 million (US$4.78/share)

The annual report is available on the Company's investor relations website at https://ir.amtdigital.net/investor-news. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Office at ir@amtdigital.net.

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.

For more information, please contact:

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

View original content:https://www.prnewswire.com/news-releases/with-tge-consolidated-amtd-digital-reports-full-year-results-with-565-7-increase-in-revenue-132-7-increase-in-net-income-and-280-2-increase-in-net-assets-302700000.html

SOURCE The Generation Essentials Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did AMTD Digital (HKD) report in total revenue for fiscal 2025 after consolidating TGE?

AMTD Digital reported US$136.1 million in total revenue for fiscal 2025. According to the company, this reflects a 565.7% increase versus the prior year after consolidation of The Generation Essentials Group.

What was AMTD Digital's (HKD) net income for the year ended October 31, 2025?

AMTD Digital reported US$97.0 million in net income for fiscal 2025. According to the company, this represents a 132.7% increase compared with the prior year following consolidation with TGE.

What are AMTD Digital's (HKD) reported total assets and net asset value for fiscal 2025?

AMTD Digital reported US$955.4 million in total assets and US$603.7 million in net asset value. According to the company, NAV equals roughly US$4.78 per share for the period.

Where can investors access AMTD Digital's (HKD) annual report for the year ended October 31, 2025?

Investors can access the annual report on the company's investor relations website. According to the company, a free audited hard copy is available upon request from Investor Relations for shareholders and ADS holders.

Does AMTD Digital (HKD) provide a hard copy of the audited Form 20-F and how to request it?

Yes. The company offers a free hard copy of the audited consolidated financial statements to shareholders and ADS holders. According to the company, requests should be sent to the Investor Relations Office at ir@amtdigital.net.