AMTD IDEA Group Announces Audited Financial Results for Fiscal Year Ended December 31, 2024 and Successful Business Expansion

AMTD IDEA Group, a subsidiary of AMTD Group, has announced its audited financial results for the fiscal year ended December 31, 2022. The company reported

AMTD IDEA Group, a subsidiary of AMTD Group, has announced its audited financial results for the fiscal year ended December 31, 2022. The company reported

AMTD IDEA Group Announces Audited Financial Results for Fiscal Year Ended December 31, 2022 and Successful Business Expansion

AMTD IDEA Group, a dual-listed company on NYSE and SGX-ST, has announced its audited financial results for the fiscal year ended December 31, 2022. The parent company, AMTD Group Inc., is a Hong Kong-based conglomerate that focuses on developing four pillars of core businesses – international connectors and business services, digital media and solutions, education and training, and premium assets and hospitality. AMTD IDEA includes the “I”, “D” and “A” pillars of businesses in a listed holding platform to support synergies, create values, empower ecosystem of resources and network to develop ongoing opportunities and sustainable developments.

In the midst of global economic uncertainties and volatility of global markets, AMTD IDEA has reported significant achievements in key parameters such as core revenue (excluding net fair value changes on financial assets at fair value through profit and loss and derivatives), which has increased by 22.74% from 2021 to 2022. The net profit margin after tax has also increased from 69.0% for the year of listing in 2019 to approximately 91.6% for 2022. Additionally, finance costs have decreased for four consecutive years by over 75.7%, reflecting the successful outcome of the Company’s asset and liability management on an ongoing basis.

The net assets as of the end of December 31st amounted to HK$7.8 billion representing approximately a 35% increase from prior year while enhancing many aspects of its operating efficiency and quality fundamentals including a drop in Debt to Equity ratio from 8.7% in 2021 to just over two percent in FY2022; furthermore Quick ratio improved significantly from last year with figures at13.95 compared to just above five points in FY21.

After December’s end date, AMTD IDEA has made significant developments and successful business expansions. The company has successfully completed the transaction of injecting AMTD Assets Group, holding a global portfolio of premium whole building properties with a fair market value of approximately US$500 million, into AMTD IDEA in February 2023. In the same month, the Company’s subsidiary was granted a clean facility line amounting to US$15 million from an international financial institution. Additionally, in April 2023, the Company entered into share subscription agreements with certain selected investors who agreed to subscribe for and purchase from the Company a total of 90,000,000 newly issued Class A ordinary shares (equivalent to 45 million ADRs) of the Company with total proceeds of US$93.6 million.