Exhibit
99.1
AMTD IDEA’s Total
Assets Exceeded US$2.6 Billion as of 2026 Half Year and Sets Forth Clear Growth Path in Global Hospitality
| ● | Revenue
from contracts with customers grew by 32.1% to US$32.0 million |
| | | |
| ● | Hospitality
arm’s revenue surged by 59.8% |
| | | |
| ● | Total
Assets amounted to US$2.6 billion (US$4.5/share) |
| | | |
| ● | Net Assets amounted to US$1.9 billion (US$3.3/share) |
PARIS
& NEW YORK & SINGAPORE, October 23, 2026
AMTD
IDEA Group (“AMTD IDEA” or “the Company”, NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual listed company and also
a listed holding platform for (i) digital solutions, (ii) media, entertainment and cultural connectors, and (iii) global premium assets,
hospitality and VIP services today announced its unaudited financial results for the six months ended June 30, 2026.
Highlights
of Half Year Financial Results
| |
● |
During the first half of 2026, the Company significantly scaled its global hospitality footprint through the successful acquisition and integration of premier hotel properties located in key international markets: New York, Perth, London and Kuala Lumpur. Driven by these strategic acquisitions and strong operational execution, revenue from our hotel operations, hospitality, and VIP services segment surged by 59.8% to US$20.2 million compared to the same period last year. |
| ● | Building
upon the successful launch and rapid popularity of our inaugural L’Officiel Coffee
in Omotesando, Japan, the Company continued the strategic rollout of its IP extended businesses
by opening our second L’Officiel Coffee and Bar in Macao SAR in September 2026. This new venue
further leverages AMTD L’Officiel’s intellectual properties, offering our signature
specialty coffees and beautifully crafted sweets—including L’Officiel magazine
cakes and seasonal fruit taste mousse cakes - while expanding our vibrant social and cultural
footprint into a key Asian entertainment and tourism hub. |
Statement
from Senior Management:
Mr. Xavier Zee, CFO of the Company, “I am pleased to report that
the Group has further enriched its hospitality portfolio following acquisitions of hotels in 4 international cities, namely New York,
Perth, London and Kuala Lumpur. We continuously see strong momentum in this strategic sector and are heartened for the solid hospitality
results after the acquisitions. We also see that there are many collaboration opportunities and synergies between our IP related business
and this hospitality arm, which will bring in more revenue streams for the Group”.
Financial
Results for the Six Months Ended June 30, 2026
Revenue
Our
revenue for the six months ended June 30, 2026, amounted to US$67.1 million, a change from US$89.0 million recorded for the comparable
period in 2025.
Segment
Revenue
| ● | Hotel
operations, hospitality and VIP services income increased from US$12.7 million in the comparable
period in 2025 to US$20.2 million for the six months ended June 30, 2026, representing a
59.8% growth. This increase was primarily driven by the expansion of our asset portfolio,
including the newly acquired hotels. |
| ● | Fashion,
arts and luxury media advertising and marketing services income increased to US$10.5 million
for the six months ended June 30, 2026, compared to US$10.0 million in the comparable period
in 2025. |
| ● | Digital solutions and other services income was US$1.3 million for
the six months ended June 30, 2026, compared to US$1.6 million for the comparable period in 2025. |
| ● | Dividend
income and gains from disposed financial assets at FVTPL was US$10.1 million for the six
months ended June 30, 2026, compared to US$8.6 million for the comparable period in 2025. |
| ● | Net
fair value changes on financial assets at FVTPL was US$25.0 million for the six months ended
June 30, 2026, compared to US$56.2 million for the comparable period in 2025. The decrease
was mainly attributable to lower unrealized gains on our investment portfolio compared to 2025. |
Other
Income And Gains
Other
income and gains increased from US$15.7 million for the comparable period in 2025 to US$16.3 million for the current period.
Other
Operating Expenses
Other
operating expenses for the six months ended June 30, 2026, increased by 30.7% as compared to the comparable period in 2025 to US$27.0
million. This was primarily attributable to an increase in our hotels’ depreciation charges and additional operating costs recognized
from our hotels in line with the expansion of our hotel operations.
Staff
Costs
Staff
costs for the six months ended June 30, 2026, decreased slightly to US$6.5 million, compared to US$6.6 million for the comparable period
in 2025.
Finance
Costs
Finance
costs for the six months ended June 30, 2026, decreased to US$4.4 million compared to US$7.1 million for the comparable period in 2025.
We remain committed towards continuous efforts in asset liability management in order to manage our overall funding costs.
Income
Tax Expense
Income
tax expense for the six months ended June 30, 2026, increased to US$5.1 million compared to US$1.5 million for the comparable period
in 2025.
Profit
For The Period
The Company recorded a profit of US$40.3 million in the six months
ended June 30, 2026, compared to a profit of US$68.8 million for the comparable period in 2025, which is mainly due to the lower unrealized
gains on our investment portfolio in 2026.
Financial
Position and Balance Sheet Analysis
The
Group’s financial position expanded significantly during the six months ended June 30, 2026, reflecting the successful execution
of our strategic acquisitions in the hospitality sector. Total assets increased to US$2.6 billion as of June 30, 2026, compared to US$2.3
billion as of December 31, 2025. Total liabilities increased to US$543.3 million from US$385.4 million, while total equity strengthened
to US$1.9 billion from US$1.8 billion.
Key
fluctuations in our balance sheet items include:
| ● | Property,
Plant and Equipment: Property, plant and equipment surged by US$380.3 million, from US$314.1
million as of December 31, 2025, to US$694.3 million as of June 30, 2026. This increase was
the primary driver of our asset growth and is directly attributable to the acquisitions of
the premier hotel properties. |
| ● | Bank
Borrowings: Total bank borrowings (current and non-current) increased to US$342.9 million
as of June 30, 2026, from US$292.1 million as of December 31, 2025. This increase reflects
the strategic utilization of debt facilities to support the acquisition of our new hotel
properties. |
| ● | Deferred
Tax Liabilities: Deferred tax liabilities increased to US$52.6 million as of June 30, 2026,
compared to US$5.6 million at the end of 2025. This increase is primarily attributable to
the provisional fair value adjustments and purchase price allocations related to the newly
acquired hotel operations. |
| ● | Total
Equity and Non-Controlling Interests: Total equity grew from US$1,764.8 million to US$1,855.1
million. This was driven by the net profit generated during the period and an increase in
non-controlling interests (from US$177.1 million to US$260.0 million), which relate to the
acquisitions of the hotels which are non-wholly owned by the Group. |
Key
Basis of Preparation
The
unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles.
In accordance with the relevant accounting standards for business combinations (ASC 805 under US GAAP), the initial accounting for the
recent acquisitions of the hotel operations in Kuala Lumpur, Perth, and London is incomplete as of the end of the reporting period. Consequently,
these acquisitions have been accounted for using provisional amounts.
The
reported figures—including the fair value of identifiable assets acquired, liabilities assumed, and any resulting goodwill—are
subject to change upon the finalization of the purchase price allocation during the measurement period (which will not exceed one year
from the respective acquisition dates). Adjustments to these provisional amounts will be recognized retrospectively to reflect new information
obtained about facts and circumstances that existed as of the acquisition date.
Subsequent
Event
On
October 6, 2026, the Company announced a change in the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares.
Further details regarding the ADS ratio change were furnished to the U.S. Securities and Exchange Commission on Form 6-K. The change
in ADS ratio is completed on October 19, 2026.
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.
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 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 with the SEC. All information provided in this press release is as of the date of this press release,
and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
AMTD
IDEA GROUP
UNAUDITED
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR
THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026
| | |
Six
months ended June 30, | |
| | |
2025 | | |
2026 | |
| | |
US$’000 | | |
US$’000 | |
| | |
(unaudited) | | |
(unaudited) | |
| REVENUE | |
| | |
| |
| Digital
solutions and other services income | |
| 1,607 | | |
| 1,277 | |
| Fashion,
arts and luxury media advertising and marketing services income | |
| 9,976 | | |
| 10,513 | |
| Hotel
operations, hospitality and VIP services income . | |
| 12,668 | | |
| 20,245 | |
| Dividends
and gains from disposed financial assets at
fair value through profit or loss | |
| 8,612 | | |
| 10,116 | |
| Net
fair value changes on financial assets at fair value through profit or loss (except derivative financial assets and gains from disposed
financial assets at fair value through profit or loss) | |
| 56,176 | | |
| 24,990 | |
| | |
| 89,039 | | |
| 67,141 | |
| | |
| | | |
| | |
| Other
income and gains | |
| 15,664 | | |
| 16,254 | |
| Other
operating expenses | |
| (20,641 | ) | |
| (26,984 | ) |
| Staff
costs | |
| (6,640 | ) | |
| (6,500 | ) |
| Finance
costs | |
| (7,054 | ) | |
| (4,446 | ) |
| PROFIT
BEFORE TAX | |
| 70,368 | | |
| 45,465 | |
| Income
tax expense | |
| (1,544 | ) | |
| (5,126 | ) |
| | |
| | | |
| | |
| PROFIT
FOR THE PERIOD | |
| 68,824 | | |
| 40,339 | |
| Attributable
to: | |
| | | |
| | |
| Owners
of the company | |
| | | |
| | |
| Ordinary
shareholders | |
| 43,206 | | |
| 24,550 | |
| Holders
of perpetual securities | |
| 2,157 | | |
| 265 | |
| Non-controlling
interests | |
| 23,461 | | |
| 15,524 | |
| | |
| 68,824 | | |
| 40,339 | |
| EARNINGS
PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY
HOLDERS OF THE COMPANY | |
| | | |
| | |
| Class
A ordinary shares: | |
| | | |
| | |
| Basic
(US cents per share) | |
| 10.22 | | |
| 4.31 | |
| Diluted
(US cents per share) | |
| 10.22 | | |
| 4.31 | |
| Class
B ordinary shares: | |
| | | |
| | |
| Basic
(US cents per share) | |
| 10.22 | | |
| 4.31 | |
| Diluted
(US cents per share) | |
| 10.22 | | |
| 4.31 | |
AMTD
IDEA GROUP
UNAUDITED
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS
AT DECEMBER 31, 2025, AND JUNE 30, 2026
| | |
December
31,
2025 | | |
June
30,
2026 | |
| | |
US$’000 | | |
US$’000 | |
| | |
(audited) | | |
(unaudited) | |
| ASSETS | |
| | |
| |
| Current assets | |
| | |
| |
| Accounts receivable | |
| 7,113 | | |
| 7,400 | |
| Prepayments, deposits and
other receivables | |
| 21,437 | | |
| 38,708 | |
| Due from immediate holding
company | |
| 1,346,526 | | |
| 1,248,573 | |
| Financial assets at fair value
through profit or loss | |
| 8,327 | | |
| 26,246 | |
| Cash
and bank balances | |
| 51,074 | | |
| 42,533 | |
| Total
current assets | |
| 1,434,477 | | |
| 1,363,460 | |
| | |
| | | |
| | |
| Non-current
assets | |
| | | |
| | |
| Property, plant and equipment | |
| 314,069 | | |
| 694,321 | |
| Intangible assets | |
| 119,099 | | |
| 118,191 | |
| Deposits | |
| 82,609 | | |
| - | |
| Financial
assets at fair value through profit or loss | |
| 350,060 | | |
| 374,994 | |
| Total
non-current assets | |
| 865,837 | | |
| 1,187,506 | |
| Total
assets | |
| 2,300,314 | | |
| 2,550,966 | |
| | |
| | | |
| | |
| LIABILITIES
AND EQUITY | |
| | | |
| | |
| Current
liabilities | |
| | | |
| | |
| Accounts payable | |
| 1,532 | | |
| 3,396 | |
| Bank borrowings | |
| 50,232 | | |
| 34,961 | |
| Other payables and accruals | |
| 10,144 | | |
| 52,278 | |
| Due to a non-controlling shareholder | |
| 64,081 | | |
| 76,422 | |
| Tax
payable | |
| 3,426 | | |
| 5,283 | |
| Total
current liabilities | |
| 129,415 | | |
| 172,340 | |
| | |
| | | |
| | |
| Non-current
liabilities | |
| | | |
| | |
| Bank borrowings | |
| 241,910 | | |
| 307,965 | |
| Deferred tax liabilities | |
| 5,645 | | |
| 52,566 | |
| Deferred underwriting commissions | |
| 6,000 | | |
| 6,000 | |
| Provisions | |
| 2,407 | | |
| 4,422 | |
| Total
non-current liabilities | |
| 255,962 | | |
| 370,953 | |
| Total
liabilities | |
| 385,377 | | |
| 543,293 | |
AMTD
IDEA GROUP
UNAUDITED
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS
AT DECEMBER 31, 2025 AND JUNE 30, 2026
| | |
December
31,
2025 | | |
June
30,
2026 | |
| | |
US$’000 | | |
US$’000 | |
| | |
(audited) | | |
(unaudited) | |
| Commitments and Contingencies | |
| | |
| |
| Redeemable shares
issued by TGE Value Creative Solutions Corp (“TGE SPAC”) | |
| 150,110 | | |
| 152,545 | |
| | |
| | | |
| | |
| Equity | |
| | | |
| | |
| Share capital | |
| 64 | | |
| 64 | |
| Treasury shares | |
| (734,658 | ) | |
| (734,658 | ) |
| Reserves | |
| 2,109,994 | | |
| 2,117,443 | |
| Total equity attributable
to ordinary shareholders of the Company | |
| 1,375,400 | | |
| 1,382,849 | |
| Non-controlling interests | |
| 177,104 | | |
| 259,956 | |
| Perpetual securities | |
| 206,559 | | |
| 206,559 | |
| Warrants | |
| 5,764 | | |
| 5,764 | |
| Total
equity | |
| 1,764,827 | | |
| 1,855,128 | |
| Total
liabilities, redeemable shares issued by TGE SPAC and equity | |
| 2,300,314 | | |
| 2,550,966 | |
