ESR Group Reports US$726.3 Million Net Loss for FY2024
Summary:
-
Revenue: Decreased by 26.7% to US$638.99 million in FY2024, down from US$871.33 million in FY2023.
-
Fund Management EBITDA: Declined by 52.1% to US$277.47 million, compared to US$578.83 million in the previous year.
-
Net Loss: Reported a net loss of US$726.31 million, a reversal from a profit of US$268.06 million in FY2023.
-
EBITDA: Recorded a negative EBITDA of US$415.56 million, down from a positive US$724.60 million in the prior year.
-
Adjusted EBITDA: Fell to a negative US$79.62 million, from US$885.33 million in FY2023.
-
PATMI (Profit After Tax and Minority Interests): Showed a loss of US$699.81 million, compared to a profit of US$230.85 million previously.
-
Adjusted PATMI: Declined to a loss of US$359.53 million, from a profit of US$400.34 million in the prior year.
-
Cash Position: Held US$913.98 million in cash as of 31 December 2024, a decrease of 8.7% from US$1.00 billion at the end of 2023.
-
Gearing Ratio (Net Debt/Total Assets): Increased to 35.3%, up from 30.7% in the previous year.
-
Revenue by Region:
- Greater China: Rose by 3.1% to US$171.47 million.
- Japan: Declined by 29.5% to US$57.92 million.
- South Korea: Decreased by 75.6% to US$49.21 million.
- Australia and New Zealand: Fell by 23.3% to US$160.95 million.
- Southeast Asia: Reduced by 10.1% to US$139.64 million.
- India: Dropped by 20.7% to US$9.83 million.
- Europe: Increased by 25.7% to US$45.13 million.
- Others: Declined by 35.2% to US$4.84 million.
Note: All data is sourced from ESR Group Limited's FY2024 Annual Results Announcement.