AMTD IDEA's Total Assets Exceeded US$2.6 Billion as of 2026 Half Year and Sets Forth Clear Growth Path in Global Hospitality
Key Highlights
- ➤Revenue from contracts with customers rose 32.1% to US$32.0 million
- ➤Hotel operations revenue surged 59.8% to US$20.2 million
- ➤Total assets reached US$2.6 billion, up from US$2.3 billion
- ➤Profit fell to US$40.3 million from US$68.8 million
- ➤Bank borrowings increased to US$342.9 million to fund hotel acquisitions
Expert Statements
Xavier Zee, CFO of AMTD IDEA Group
“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”
AMTD IDEA's Total Assets Exceeded US$2.6 Billion as of 2026 Half Year and Sets Forth Clear Growth Path in Global Hospitality PR Newswire
* 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 and NEW YORK and SINGAPORE, Oct. 23, 2026 /PRNewswire/ -- 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.
Get started
Create a free account to read the full story.