Driving Growth through Facility Upgrades Strategic Expansion into Online Gaming
HONG KONG SAR - Media OutReach Newswire - 28 August 2026 - International Entertainment Corporation (the "Company", together with its subsidiaries, the "Group"; HKEX stock code: 1009), is pleased to announce that its revenue grew by approximately 50.6% period-on-period to approximately HK$852.5 million for the twelve months ended 30 June 2026 (the "Period"), demonstrating resilience and adaptability in a dynamic market environment.
The Group's revenue from the gaming operation for the Period increased by approximately 60.7% to approximately HK$819.4 million. However, due to the temporary closure of certain hotel rooms for renovation during the Period, the Group's hotel operation revenue was down to approximately HK$33.1 million, as compared with HK$56.2 million for the twelve months ended 30 June 2025 (the "Previous Period").
Meanwhile, the Group's gross profit recorded a notable growth of approximately 66.4% to approximately HK$454.6 million. The increase was driven by higher gaming revenue arising from both land-based casino operation and provision of gaming platform to other authorised gaming operators. Gross profit margin for the Period was approximately 53.3%, up 5.0 percentage points from approximately 48.3% for the Previous Period.
The Group narrowed its loss for the period attributable to owners of the Company by approximately 78.2% as compared with that for the Previous Period, if excluding the non-cash loss arising from the change in fair value in connection with the issue of convertible notes.
Loss for the period attributable to owners of the Company was approximately HK$486.4 million (Previous Period: approximately HK$282.1 million).
Future Outlook
Underpinned by the Philippines' strategic position in Southeast Asia, supportive government policies for its gaming and tourism sectors, and its rising status as a premier travel destination, the Group is optimistic about its long-term prospects, though short-term momentum in the Philippine gaming sector may soften due to geopolitical tensions and muted consumer spending.
The Group marked a pivotal milestone in its strategic expansion into online gaming through a cooperation agreement signed on 9 June 2026 between its indirect wholly-owned subsidiary, New Coast Leisure Inc., and Total Gamezone Xtreme Incorporated, a wholly-owned subsidiary of the Group's convertible note holder DigiPlus Interactive Corp ("DigiPlus"). Under the agreement, the two parties will collaborate on the integration, aggregation, provision, technical support, and operation of approved online games and related gaming content through or in connection with the online gaming platform and operations of the Group's casino "LaVie Resort & Casino Manila", subject to regulatory approvals. Participation in this segment is expected to broaden the Group's revenue base, improve operational scalability, and create new growth drivers.
Additionally, the completion of renovation works on the Casino's ground floor in January 2026 successfully expanded the gaming space, enabling the accommodation of more gaming tables as well as additional slot machines. Further to the phase 1 and phase 2 construction works initiated last year, the Group entered into a new construction contract for the Hotel in May 2026 at the contract price of approximately HK$72.17 million, which will continue to improve the appearance and condition of hotel facilities, modernise outdated amenities, enhance the overall quality of the Hotel and elevate customers' experiences. These improvements are expected to improve the future revenue of the Casino and the Hotel.
Separately, the Group issued the first convertible notes on 3 March 2026 and second convertible notes on 2 June 2026 to DigiPlus, each with a principal amount of HK$800 million. This completion follows the subscription agreement signed between the two parties on 17 November 2025 for the issuance of up to HK$1.6 billion convertible notes with a maturity of five years and an interest rate of 3% per annum. The issuance is expected to significantly bolster the Group's liquidity and long-term financial position. Furthermore, the potential conversion of these convertible notes into shares would serve to broaden the Group's Shareholders and capital base.
Looking ahead, the Group is strategically positioned to capture the next phase of growth in the Philippine gaming and tourism sectors. The convergence of the Group's Hotel and Casino upgrades and a strategic partnership to tap into the expanding online gaming market marks a transformative period for the Group. Supported by a strengthened capital structure and strong regulatory tailwinds, the Group remains confident in its ability to drive sustainable revenue growth and deliver long-term value to its Shareholders.
Hashtag: #InternationalEntertainmentCorporation
The issuer is solely responsible for the content of this announcement.
About International Entertainment Corporation (HKEX: 1009)
International Entertainment Corporation is an investment holding company. The Company and its subsidiaries are principally involved in hotel operations, operating the gaming business under provisional licence, leasing of gaming venues at the hotel complex of the Group in Metro Manila in the Republic of the Philippines to a tenant for authorised gaming operation, provision of gaming platform to other authorised gaming operators for gaming business and live poker events in Macau.
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Strengthening Competitiveness via Online-to-Offline Integration and Supply Chain Agility
Results Highlights
- Revenue reached US$301.51 million, representing a strong increase of 23.2%.
- Gross profit grew by 28.2% to US$93.98 million, with gross profit margin expanding to 31.2%.
- Operating profit increased by 30.1% to US$24.29 million.
- Net profit surged by 30.0% to US$18.30 million, with net profit margin improving to 6.1%.
- Business-to-consumer (B2C) platform YesStyle recorded revenue of US$215.07 million, up 30.5%, accounting for 71.3% of the Group's total revenue. Offline expansion was enhanced with the opening of its first physical concept store in the US.
- Business-to-business (B2B) platform AsianBeautyWholesale (ABW) recorded revenue of US$82.75 million, up 6.2%, accounting for 27.4% of the Group's total revenue.
HONG KONG SAR - Media OutReach Newswire - 28 August 2026 - YesAsia Holdings Limited ("YesAsia Holdings", together with its subsidiaries, the "Group") (2209.HK), a leading e-commerce platform operator recognized for its expertise in curating Asian beauty and lifestyle products, announced today its interim results for the six months ended 30 June 2026 (the "Reporting Period").
The Group continued to capture strong global demand for Korean Beauty ("K-Beauty") products, driving revenue up by 23.2% year-on-year to US$301.51 million. Gross profit increased by 28.2% to US$93.98 million, with gross profit margin expanding by 1.2 percentage points to 31.2%. Operating profit grew by 30.1% to US$24.29 million. Benefiting from forward-looking investments in localized and tech-driven logistics infrastructure, which successfully mitigated geopolitical and freight cost pressures, profit for the period surged by 30.0% to US$18.30 million, after recognition of an one-off expense of approximately US$1.24 million in termination benefits arising from the organizational streamlining. Net profit margin improved to 6.1%. Basic earnings per share were US4.39 cents (1H 2025: US3.43 cents).
Navigating Uncertainties through Market Diversification and Logistics Agility
A global market footprint remains pivotal in mitigating geopolitical risks. The US, the Group's largest market, has absorbed the tariff shock and delivered progressive improvement during the Reporting Period, with revenue exceeding 2H 2025 even outside the typical holiday peak season. Among non-core markets (excluding the US, the UK, Canada, and Australia), robust demand across Europe and Latin America, unlocked new growth momentum, with revenue from Europe and associated countries and Latin America growing by 22.1% and 178.4%, respectively. In the Middle East, the Group navigated the regional tensions to achieve steady revenue growth of 33.4%.
Complementing market diversification, strategic investments in logistics infrastructure spanning Hong Kong, South Korea, the US, and Europe, alongside the adoption of automation technologies like AMRs, have built a highly resilient and scalable supply chain. These capabilities enabled the Group to maintain a stable baseline for business costs and absorb freight and fuel price spikes stemming from Middle East conflicts during the Reporting Period. Consequently, the increase in operating costs remained well below revenue growth, with freight cost as a percentage of revenue dropping to 19.0%, demonstrating the Group's robust cost control and operational agility.
Integrating O2O Experiences to Drive B2C-B2B Dual-Engine Synergy
Social media marketing remained one of the Group's core strengths during the Reporting Period, supported by an ecosystem of over 557,000 unique influencers that generated US$85.70 million and contributed nearly 40% of YesStyle's revenue. To amplify this online impact, the Group strategically expanded its global offline presence to seamlessly bridge online and offline customer experiences. YesStyle debuted a 1,500 sq. ft. concept store in the San Francisco Bay Area. At the same time, the Group staged high-profile activations, including a Madrid café pop-up that generated over 2 million impressions and brand events at Seoul's Yesful Land that accumulated over 3 million impressions. Together, these physical and digital touchpoints successfully converted customer engagement into sustained loyalty.
This heightened brand exposure across end-consumer markets directly catalyzed overseas B2B purchasing demand. During the Reporting Period, ABW consolidated its newly built partnerships with retailers in the US and Latin America. Notably, ABW Online's average order size surged 38.6% year-on-year to US$3,590.60. This uptick reflects substantially stronger purchasing appetite and inventory confidence for K-Beauty products among retailers, underscoring the powerful synergy of the Group's B2C-B2B dual-engine model.
Mr. Joshua Lau, Founder, Executive Director and Chief Executive Officer of YesAsia Holdings, said: "K-Beauty remains on an upward trajectory as it becomes a mainstream player in the global beauty business. Looking ahead, we believe that there is ample room for growth for YesAsia Holdings in both the retail and wholesale spheres worldwide. Amid geopolitical and supply chain uncertainties, we are continuously reinforcing our competitive moat and market leadership through AI-empowered customer services, a highly agile supply chain, and a strategy that seamlessly converts online traffic into immersive physical experiences, thereby driving long-term value for our shareholders in a fast-evolving market landscape."
Hashtag: #YesAsia
The issuer is solely responsible for the content of this announcement.
About YesAsia Holdings Limited (02209.HK)
Established in 1997, YesAsia Holdings is a leading e‑commerce platform operator recognized for its expertise in identifying and procuring quality Asian beauty products. Headquartered in Hong Kong, the Group delivers products promptly and efficiently to a global audience through its strong ties with over 400 leading Asian beauty brand and supplier partners. The Group operates two major channels: YesStyle, a B2C e‑commerce platform serving the growing demand for Asian beauty, fashion and lifestyle products, particularly Korean beauty products; and AsianBeautyWholesale, a B2B‑oriented business for Asian beauty products via online and offline channels. YesAsia Holdings is a constituent of the MSCI Hong Kong Micro Cap Index.
For more information, please visit the Group's official website: https://www.yesasiaholdings.com/
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