AMTD Digital six-month profit falls to $42.4M

The balance sheet lists US$1,176.877 million in total assets at April 30, 2026, alongside lower year-over-year revenue and profit.

Rhea-AI Filing Summary

AMTD Digital Inc. (HKD) reported unaudited results for the six months ended April 30, 2026. Total revenue was US$63.826 million, compared with US$73.160 million in the comparable 2025 period, and profit for the period was US$42.397 million, versus US$51.462 million. The company said lower unrealized fair value gains on financial assets and higher income tax expense, US$3.954 million versus US$0.811 million, primarily drove the profit decline; steady growth in core operating businesses partly offset those factors. Finance costs were US$4.582 million, compared with US$6.100 million.

At April 30, 2026, total assets were US$1,176.877 million, compared with US$955.364 million at October 31, 2025, and total equity was US$630.561 million. The company said it had acquired hotels in New York, London, Perth and Kuala Lumpur during the half-year period and through the announcement date. After April 30, it completed acquisitions of three additional hotel properties.

0 points · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

How the balance works

Positive

• None.

Negative

• Moderate pointSix-month revenue fell to US$63.826 million from US$73.160 million.
• Moderate pointSix-month profit fell to US$42.397 million from US$51.462 million.

Filing Explained

At April 30, 2026, the balance sheet lists redeemable shares issued by TGE SPAC under “Commitments and Contingencies,” separately from total equity; that equity total does not include this line item.

Key Figures

Total revenue: US$63.826 million Profit for the period: US$42.397 million Total assets: US$1,176.877 million +3 more

6 metrics

Total revenue US$63.826 million Six months ended April 30, 2026; US$73.160 million in the comparable 2025 period

Profit for the period US$42.397 million Six months ended April 30, 2026; US$51.462 million in the comparable 2025 period

Total assets US$1,176.877 million At April 30, 2026; US$955.364 million at October 31, 2025

Total equity US$630.561 million At April 30, 2026

Finance costs US$4.582 million Six months ended April 30, 2026; US$6.100 million in the comparable 2025 period

Basic earnings per share US$0.19 Six months ended April 30, 2026; US$0.22 in the comparable 2025 period

Key Terms

fair value through profit or loss, non-controlling interests, redeemable shares, deferred underwriting commissions

4 terms

fair value through profit or loss financial

"financial assets measured at fair value through profit or loss"

An accounting classification for certain financial assets where their current market price is used to update value on the books, and any increase or decrease is recorded immediately in the company’s profit & loss statement. Like checking the daily score of an investment and noting the gain or loss right away, this approach makes reported earnings reflect market swings more quickly, which can increase short-term volatility in reported profits and help investors see real-time value changes.

non-controlling interests financial

"Profit for the period attributable to: Owners of the company; Non-controlling interests"

An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.

redeemable shares financial

"Redeemable shares issued by TGE Value Creative Solutions Corp."

deferred underwriting commissions financial

"Deferred underwriting commissions"

FAQ

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

What were HKD's revenue and profit for the six months ended April 30, 2026?

AMTD Digital reported total revenue of US$63.826 million and profit for the period of US$42.397 million. The comparable 2025 figures were US$73.160 million and US$51.462 million, respectively.

What hotel acquisitions did AMTD Digital report?

The company said it had acquired hotels in New York, London, Perth and Kuala Lumpur during the half-year period and through the announcement date. After April 30, 2026, it completed acquisitions of three additional hotel properties.

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

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/23/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/23/2026 - 04:30 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-40463

AMTD Digital Inc.

(Translation of registrant’s name into English)

66 rue Jean-Jacques Rousseau

75001 Paris

France

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release – AMTD Digital’s total assets expand to US$1.2 billion with net assets at US$630.6 million, maintaining robust profitability of US$42.4 million

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AMTD Digital Inc.
	By:	/s/ Feridun Hamdullahpur
	Name:	Dr. Feridun Hamdullahpur
	Title:	Director

Date: October 23, 2026

2

Exhibit 99.1

AMTD Digital’s total assets expand to US$1.2 billion with net assets at US$630.6 million, maintaining robust profitability of US$42.4 million

● AMTD Digital’s digital investments portfolio continue to grow, with the investment into EleBank, AMTD Group as co-founder, seeing important developments of having the first Physical Store officially opens, all-new online-to-offline digital banking service experience and accompanying Hong Kong people on the journey from “earning interest” to “growing wealth”. This represents the first digital bank in Hong Kong history to lease a ground-floor physical branch storefront, marking a significant milestone in the evolution of digital banking towards an integrated online and offline integrated service model.

● Total assets grew by 23.2% to US$1.2 billion (US$9.4/share); and Net asset value strengthened to US$630.6 million (US$5.0/share)

● Revenue from contracts with customers increased to US$26.4 million

● Successfully completed the strategic acquisition of a premier hotel property in New York

PARIS & NEW YORK, October 23, 2026

AMTD Digital Inc. (“AMTD Digital” or the “Company”, NYSE: HKD), a NYSE listed company and also a comprehensive digital solutions and global hospitality and VIP services platform headquartered in France, announces its unaudited financial results for the six months ended April 30, 2026.

Highlights of Half Year Financial Results

● Our revenue from contracts with customers for the six months ended April 30, 2026 increased to US$26.4 million, compared to US$25.3 million in the comparable period of 2025. This steady growth demonstrates our resilience and the successful integration of our core operating businesses.

● During the period, the Company successfully completed the strategic acquisition of a premier hotel property in New York (AMTD IDEA Tribeca Hotel). This acquisition establishes our presence in a high-barrier-to-entry market and serves as a key driver for our expanding hospitality and VIP services segment.

● We recorded total revenue of US$63.8 million for the six months ended April 30, 2026, which includes US$37.4 million in positive fair value changes on financial assets measured at fair value through profit or loss.

● The Company maintains a highly robust balance sheet, with total assets expanding by 23.2% to reach US$1.2 billion (US$1,176.9 million) as of April 30, 2026.

Statement from Senior Management:

Xavier Zee, Chief Financial Officer, said “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, London, Perth and Kuala Lumpur, during the half year period and up to this announcement date. 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 April 30, 2026

Revenue

Our total revenue for the six months ended April 30, 2026 was US$63.8 million, compared with US$73.2 million recorded for the comparable period in 2025. The components of our revenue are as follows:

● Revenue from contracts with customers increased to US$26.4 million for the six months ended April 30, 2026, compared to US$25.3 million for the comparable period in 2025. This growth was primarily driven by the steady performance of our media and entertainment segment and the expansion of our hotel operations, including the newly acquired New York hotel property.

● Net fair value changes on financial assets at fair value through profit or loss was a gain of US$37.4 million for the six months ended April 30, 2026, compared to a gain of US$47.5 million in the comparable period of 2025. The change reflects the unrealized gains on our investment portfolio during the current period.

Employee Benefit Expense

Staff costs for the six months ended April 30, 2026 decreased to US$5.6 million, compared to US$8.6 million in the comparable period in 2025, reflecting optimized operational efficiencies across the Group.

Depreciation and Amortization

Depreciation and amortization for the six months ended April 30, 2026 increased to US$5.0 million, compared to US$4.7 million in the same period in the prior year. This increase is primarily attributable to the addition of the New York hotel property to our real estate portfolio.

Finance Costs

Finance costs for the six months ended April 30, 2026 decreased by 24.9% to US$4.6 million, compared to US$6.1 million in the comparable period in 2025.

Other Expenses

Other expenses for the six months ended April 30, 2026 increased to US$13.0 million, compared to US$11.0 million in the comparable period in 2025. This increase is primarily attributable to the additional operating costs associated with our expanded hotel operations, including the newly acquired New York property.

Other Income

Other income increased to US$12.5 million for the six months ended April 30, 2026, compared to US$10.7 million for the comparable period in 2025, mainly due to higher interest income driven by an increase in outstanding balances owed by group companies during the current period.

Profit For the Period

Profit for the six months ended April 30, 2026 was US$42.4 million, compared to US$51.5 million in the comparable period in 2025. The change is primarily the result of a lower unrealized fair value gain on financial assets and higher income tax expenses (US$4.0 million in 2026 compared to US$0.8 million in 2025), offset by steady growth in our core operating businesses.

2

Financial Position and Balance Sheet Analysis

The Group’s financial position expanded significantly during the six months ended April 30, 2026, reflecting the successful execution of our strategic acquisition in the hospitality sector.

● Total assets increased by 23.2% to US$1.2 billion (US$1,176.9 million) as of April 30, 2026, compared to US$955.4 million as of October 31, 2025. This was largely driven by an increase in Property, Plant and Equipment (from US$293.1 million to US$359.7 million) due to the New York hotel acquisition, as well as an increase in non-current financial assets at FVTPL, primarily representing approximately US$150 million of net proceeds from the TGE SPAC initial public offering held in a restricted Trust Account and invested in money market funds.

● Total liabilities increased to US$395.0 million from US$351.7 million, primarily reflecting an increase in non-current bank borrowings utilized to support our real estate expansion.

● Total equity strengthened to US$630.6 million, up from US$603.7 million at the end of October 2025, supported by the comprehensive income generated during the period.

Subsequent events

Subsequent to the reporting period ended April 30, 2026, the Group successfully completed the acquisition of three additional premier hotel properties to further scale its global hospitality footprint:

● Australia: On May 29, 2026, the Group completed the acquisition of a 50% equity interest in the entities owning and operating The Ritz-Carlton, Perth (number 100 The Ritz-Carlton globally).

● Southeast Asia: On May 29, 2026, the Group completed the acquisition of a 100% equity interest in the entities owning an 80% effective interest in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia.

● United Kingdom: On June 2, 2026, the Group completed the acquisition of a 100% equity interest in the entities owning and operating the AMTD Dao by Dorsett Hornsey hotel in London.

These acquisitions are in line with the Group’s ongoing strategy to expand its footprint in key international gateway cities, diversify its asset portfolio, and increase recurring revenue streams.

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.

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 Digital Inc. 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 Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. 

3

AMTD DIGITAL INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

FOR THE SIX MONTHS ENDED APRIL 30, 2025 AND 2026

		Six months ended April 30,
		2025				2026
		US$’000				US$’000
		(unaudited)
Revenue from contracts with customers			25,310				26,398
Dividend income			352				-
Changes in fair value on financial assets measured at fair value through profit or loss			47,498				37,428
Total revenue			73,160				63,826
Other income			10,664				12,450
Other gains and losses, net			(336	)			83
Employee benefits expense			(8,633	)			(5,601	)
Advertising and promotion expense			(331	)			(1,123	)
Premises and office expenses			(108	)			(57	)
Legal and professional fee			(394	)			(629	)
Depreciation and amortization			(4,653	)			(5,008	)
Finance costs			(6,100	)			(4,582	)
Other expenses			(10,996	)			(13,008	)
PROFIT BEFORE TAX			52,273				46,351
Income tax expense			(811	)			(3,954	)
PROFIT FOR THE PERIOD			51,462				42,397
OTHER COMPREHENSIVE INCOME (EXPENSES)
Item that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations			828				(729	)
Item that will not be reclassified subsequently to profit or loss:
Exchange differences arising on translation of foreign operations			360				(5,202	)
OTHER COMPREHENSIVE INCOME (EXPENSE) FOR THE PERIOD			1,188				(5,931	)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD			52,650				36,466
Profit for the period attributable to:
Owners of the company			27,072				23,600
Non-controlling interests			24,390				18,797
			51,462				42,397
Total comprehensive income for the period attributable to:
Owners of the company			28,213				17,377
Non-controlling interests			24,437				19,089
			52,650				36,466
EARNINGS PER SHARE
Basic (US$)			0.22				0.19
Diluted (US$)			0.22				0.19

4

AMTD DIGITAL INC.

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS AT OCTOBER 31, 2025 AND APRIL 30, 2026

		October 31, 2025				April 30, 2026
		US$’000				US$’000
		(audited)				(unaudited)
ASSETS
Current assets
Accounts receivable			11,834				10,207
Prepayments, deposits and other receivables			4,466				6,774
Amount due from AMTD Group			250,731				132,237
Financial assets at fair value through profit or loss			7,987				7,920
Cash and bank balances			46,363				41,740
Total current assets			321,381				198,878
Non-current assets
Property, plant and equipment			293,140				359,735
Intangible assets			119,311				118,308
Deposits			-				72,561
Financial assets at fair value through profit or loss			221,532				427,395
Total non-current assets			633,983				977,999
Total assets			955,364				1,176,877
LIABILITIES AND EQUITY
Current liabilities
Accounts payable			5,486				5,815
Other payables and accruals			9,831				13,712
Bank borrowings			83,305				5,339
Amounts due to non-controlling shareholders			64,197				61,685
Contract liabilities			664				429
Income tax payable			3,483				3,655
Total current liabilities			166,966				90,635
Non-current liabilities
Bank borrowings			176,818				290,105
Provision for replacement of hotel properties			2,266				2,648
Deferred underwriting commissions			-				6,000
Deferred tax liabilities			5,655				5,607
Total non-current liabilities			184,739				304,360
Total liabilities			351,705				394,995
Commitments and Contingencies
Redeemable shares issued by TGE Value Creative Solutions Corp. (“TGE SPAC”)			-				151,321
Equity
Share capital			13				13
Treasury shares			(295,719	)			(295,719	)
Reserves			559,348				564,544
Total equity attributable to owners of the Company			263,642				268,838
Warrants			2,145				5,764
Non-controlling interests			337,872				355,959
Total equity			603,659				630,561
Total liabilities, redeemable shares issued by TGE SPAC and equity			955,364				1,176,877

* less than US$1,000.

5

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE - AMTD DIGITAL'S TOTAL ASSETS EXPAND TO US$1.2 BILLION WITH NET AS 75.8 KB