Hong Kong-listed gaming supplier Asia Pioneer Entertainment has issued a positive profit alert, saying it expects its net profit to double in the financial year 2025 as demand for gaming equipment strengthens across its markets.
In a filing on Wednesday, the company said it expects to record a net profit of about HK$7.5 million ($958,400) for FY25, representing an increase of around 100 percent compared with the previous year. The group also forecasts revenue of HK$65.8 million ($8.41 million), up roughly 30 percent year-on-year.
The anticipated growth reflects stronger sales of gaming machines and improved market conditions for casino operators.
The company’s expected revenue growth is largely supported by its gaming machine distribution business.
During the first half of 2025, the group reported revenue of HK$23 million ($2.96 million), compared with HK$19.9 million ($2.56 million) in the same period in 2024. The increase was mainly driven by strong demand for gaming equipment.
Sales from technical sales and distribution of gaming machines rose sharply by 39.6 percent to HK$19.3 million ($2.48 million). The segment remains the company’s core revenue driver, supplying gaming machines and related equipment to casino operators.
The growth indicates improving demand from casinos as the gaming sector continues to recover and operators upgrade their gaming floors.
The projected FY25 profit marks a significant turnaround for the company.
In the first half of 2025, the group recorded a net profit of HK$24,959 ($3,209). While the amount was modest, it represented a major improvement compared with the HK$600,000 ($77,000) net loss reported in the first half of 2024.
The company expects the stronger performance in the second half of the year to lift its full-year earnings significantly.
If the forecast is realised, the full-year profit will reflect a strong recovery in the company’s financial performance compared with the previous year.
Earlier, when releasing its first-half results, the company said it expected business momentum to improve further during the remainder of the year.
The group, led by Chief Executive Officer Herman Ng, said the recovery of casino operators would support demand for gaming equipment.
Management noted that casinos are strengthening their financial positions and continuing to invest in gaming infrastructure.
The company stated at the time that “resurging growth will continue in the second half of 2025 and beyond as casinos strengthen their financial positions”.
Looking ahead, the company said it is working with suppliers to introduce new products and technologies to support demand from the mass gaming market.
Asia Pioneer Entertainment said it is collaborating with equipment suppliers to expand its product portfolio and meet changing market requirements.
The company added that these efforts aim to support casino operators as they upgrade gaming floors and expand their entertainment offerings.
The full FY25 results will confirm whether the company achieves the projected growth in revenue and profit.
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