# EDGAR Filing Document

**Accession Number:** 0001769731
**File Stem:** 0001213900-25-126589
**Filing Date:** 2025-12
**Character Count:** 15637
**Document Hash:** 80cdc73c3c59cf02fdec5755cf055746
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-126589.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0001213900-25-126589

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251230

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMTD IDEA GROUP
- **CENTRAL INDEX KEY:** 0001769731
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39006
- **FILM NUMBER:** 251614168

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 66 RUE JEAN-JACQUES ROUSSEAU
- **CITY:** PARIS
- **PROVINCE COUNTRY:** I0
- **BUSINESS PHONE:** 33 0 1 4236 4597

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 66 RUE JEAN-JACQUES ROUSSEAU
- **CITY:** PARIS
- **PROVINCE COUNTRY:** I0

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMTD International Inc.
- **DATE OF NAME CHANGE:** 20190305

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of December 2025**

**Commission File Number: 001-39006**

**AMTD IDEA Group**

(Translation of registrant's name into English)

**66 rue Jean-Jacques Rousseau**

**75001 Paris**

**France**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F □

**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release – AMTD IDEA Group Achieved 150% Increase in Revenue for First Half in 2025](ea027128401ex99-1_amtdidea.htm) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| **AMTD IDEA Group** | **AMTD IDEA Group** |
| By: | /s/ Feridun Hamdullahpur |
| Name: | Dr. Feridun Hamdullahpur |
| Title: | Director |

---

Date: December 30, 2025

## Exhibit 99.1

**Exhibit 99.1**

**AMTD IDEA Group Achieved 150% Increase in Revenue for First Half in 2025**

● **AMTD IDEA Group Achieved ~150% Increase in Revenue** 

● **Total Net Income Surged 63.7% to US$68.8 million** 

● **Hospitality arm's revenue increased by over 60%** 

● **Total Assets amounted to US$2.193 billion (US$3.82/share)** 

● **Net asset value amounted to US$1,799 million (US$3.13/share)** 

**PARIS & NEW YORK & SINGAPORE, December 30, 2025**

AMTD IDEA Group ("AMTD IDEA" or the "Company", NYSE: AMTD; SGX: HKB), a NYSE and SGX-ST dual listed company and also a group holding platform for (i) digital solutions and business services, (ii) media, entertainment and cultural areas of businesses, and (iii) global property assets, hospitality and VIP services announced today its unaudited financial results for the six months ended June 30, 2025.

**Highlights of Half Year Financial Results**

● The Company, through its subsidiary, The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), owns the AMTD L'Officiel's intellectual properties ("IP") globally and maintains its operations through direct owner's model and franchisee network in over 30 countries and regions. In the six months ended June 30, 2025, the Company started its first IP extended businesses sub-vertically to commence L'Officiel Coffee. Featuring carefully curated specialty coffees, beautifully crafted sweets including L'Officiel mousse cakes, L'Officiel magazine cakes, and a stylish space at Omotesando, Japan. L'Officiel Coffee's popularity has grown rapidly, establishing it as a vibrant social and cultural hotspot beloved by influencers, local communities, and visitors alike. TGE has announced plans to roll out L'Officiel Coffee globally and target to open 15-20 L'Officiel Coffee shops worldwide over next three years.

● Hotel operations, hospitality and VIP services income rose from US$7.9 million in the comparable period to US$12.7 million for the six months ended June 30, 2025, representing a 60.3% growth.

● The Company recorded dividends, realized gains on disposed financial assets and unrealized fair value gain on financial assets at fair value through profit or loss for the six months ended June 30, 2025, totaling US$64.8 million.

**Statement from the Board Members and Senior Management:**

Mr. Xavier Zee, CFO of the Company and CEO of TGE Value Creative Solutions Corp (a subsidiary of the Company) specializing in SPAC sponsor manager services, "We are proud to deliver another half year of strong performance, reflecting our resilience and unwavering commitment to sustainable growth and long-term growth. Our impressive results demonstrate that our strategic vision and collaborative efforts across our diversified portfolio of businesses in media, entertainment, and hospitality sectors are driving meaningful outcome. With the successful listing of our first sponsored SPAC (TGE Value Creative Solutions Corp) in December 2025, we are confident of future value creation for our stakeholders through a continual diversification of our business portfolio".

**Financial Results for the Six Months Ended June 30, 2025**

**<u>Revenue</u>**

The Company's revenue for the six months ended increased from US$36 million in the first half in 2024 to US$89.0 million in the first half in 2025. The increment was primarily attributable to: -

● Hotel operations, hospitality and VIP services income rose from US$7.9 million to US$12.7 million , representing a 60.3% growth.

● Dividend and gain related to disposed financial assets at fair value through profit or loss changed from US$8.7 million , to US$8.6 million .

● Net fair value changes on financial assets at fair value through profit or loss rose from US$7.2 million to US$56.2 million. The increase was mainly attributable to the unrealized gain on the Company's investment portfolio in the first half in 2025.

**<u>Other Income And Gains</u>**

Other income decreased from US$37.5 million for the comparable period in 2024 to US$15.7 million for the current period, mainly due to the disposal of the entire equity interests in certain of the Company's subsidiaries engaging in non-core business during 2024.

**<u>Other Operating Expenses</u>**

Other operating expenses for the six months ended June 30, 2025 increased by 22.4% as compared to the same period in prior year to US$20.6 million, primarily attributable to an increase in the Company's hotels' depreciation charges and other operating costs recognized from the Company's hotels in line with the increase in revenue generated from the Company's hotel operation, as well as the capital expenditures required to launch the Company's L'Officiel Coffee in Japan.

**<u>Staff Costs</u>**

Staff costs for the six months ended June 30, 2025 remained relatively flat as compared to the same period in prior year at US$6.6 million.

**<u>Finance Costs</u>**

Finance costs for the six months ended June 30, 2025 increased slightly compared to the same period in prior year to US$7.1 million. The Company is committed towards continuous efforts in enhancing the Company's asset liability management strategies.

**<u>Income Tax Expense</u>**

Income tax expense for the six months ended June 30, 2025 remained steady compared to the comparable period in 2024 at US$1.5 million.

**<u>Profit For The Period</u>**

The Company recorded a profit of US$68.8 million in the six months ended June 30, 2025, a growth of 63.7% as compared to the comparable period in 2024, mainly resulting from the additional contribution recognized from the Company's hospitality businesses and the gain on its investment portfolio.

**<u>Subsequent events</u>**

TGE has successfully executed the sale and purchase agreement for the acquisition of 100% interests in the Hilton Garden Inn New York City Tribeca with the payment of an irrevocable deposit in December 2025, and the goal of closing the acquisition of this hotel within the next two months. Closing of the acquisition is subject to customary closing conditions.

TGE has successfully entered into a sale and purchase agreement to purchase an 80% stake in the Upper View Regalia Hotel in Kuala Lumpur, Malaysia. The aggregate consideration of the transaction is HK$300 million (equivalent to approximately US$38.6 million). Closing of the acquisition is subject to customary closing conditions.

TGE has successfully entered into a sale and purchase agreement with FEC Holdings and FEC Hotel (the "Vendors"), whereby the Vendors have agreed conditionally to sell, and the Purchaser has agreed conditionally to purchase a 50% stake in the Ritz Carlton Hotel in Perth Australia with a total value at A$280 million. Closing of the acquisition is subject to customary closing conditions.

TGE Value Creative Solutions Corp, a special purpose acquisition company (SPAC) sponsored by TGE, successfully completed its successful initial public offering of 15,000,000 units at $10.00 per unit in December 2025. The offering resulted in gross proceeds to the Company of US$150,000,000.

TGE successfully completed the secondary listing on the London Stock Exchange in December 2025. TGE's entire issued Class A ordinary shares are traded on both NYSE and London Stock Exchange's main market.

**About AMTD IDEA Group**

AMTD IDEA Group (NYSE: **AMTD**; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit **www.amtdinc.com** or follow us on X (formerly known as "Twitter") at @AMTDGroup.

**Safe Harbor Statement**

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025

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| | | |
|:---|:---|:---|
|  | **Six months ended June 30,** | **Six months ended June 30,** |
|  | **2024** | **2025** |
|  | **US$'000** | **US$'000** |
|  | **(audited)** | **(unaudited)** |
| **REVENUE** |  |  |
| &nbsp;&nbsp;&nbsp;Digital solutions and other services income | 1722 | 1607 |
| &nbsp;&nbsp;&nbsp;Fashion, arts and luxury media advertising and marketing services income | 10446 | 9976 |
| &nbsp;&nbsp;&nbsp;Hotel operations, hospitality and VIP services income. | 7905 | 12668 |
| &nbsp;&nbsp;&nbsp;Dividends and gains from disposed financial assets at fair value through profit or loss | 8660 | 8612 |
| &nbsp;&nbsp;&nbsp;Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets and gains from disposed financial assets at fair value through profit or loss) | 7220 | 56176 |
|  | 35953 | 89039 |
| Other income and gains | 37454 | 15664 |
| Other operating expenses | (16867) | (20641) |
| Staff costs | (6400) | (6640) |
| Finance costs | (6240) | (7054) |
| **PROFIT BEFORE TAX** | 43900 | 70368 |
| Income tax expense | (1868) | (1544) |
| **PROFIT FOR THE PERIOD** | 42032 | 68824 |
| Attributable to: |  |  |
| Owners of the company |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary shareholders | 40523 | 43206 |
| &nbsp;&nbsp;&nbsp;Holders of perpetual securities | 2141 | 2157 |
| Non-controlling interests | (632) | 23461 |
|  | 42032 | 68824 |
| **EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE COMPANY** |  |  |
| &nbsp;&nbsp;&nbsp;Class A ordinary shares: |  |  |
| &nbsp;&nbsp;&nbsp;Basic (US cents per share) | 10.22 | 8.25 |
| &nbsp;&nbsp;&nbsp;Diluted (US cents per share) | 10.22 | 8.25 |
| &nbsp;&nbsp;&nbsp;Class B ordinary shares: |  |  |
| &nbsp;&nbsp;&nbsp;Basic (US cents per share) | 10.22 | 8.25 |
| &nbsp;&nbsp;&nbsp;Diluted (US cents per share) | 10.22 | 8.25 |

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AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS AT DECEMBER 31, 2024 AND JUNE 30, 2025

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| | | |
|:---|:---|:---|
|  | **December 31,<br> 2024** | **June 30,<br> 2025** |
|  | **US$'000** | **US$'000** |
|  | **(audited)** | **(unaudited)** |
| **ASSETS** | | |
| **Current assets** | | |
| Accounts receivable | 7029 | 6379 |
| Prepayments, deposits and other receivables | 23346 | 31969 |
| Due from immediate holding company | 1400612 | 1425213 |
| Financial assets at fair value through profit or loss | 24987 | 80467 |
| Other assets | 609 |  |
| Cash and bank balances | 62872 | 52818 |
| Total current assets | 1519455 | 1596846 |
| **Non-current assets** |  |  |
| Property, plant and equipment | 291449 | 340195 |
| Intangible assets | 119381 | 118087 |
| Financial assets at fair value through profit or loss | 139633 | 138125 |
| Total non-current assets | 550463 | 596407 |
| Total assets | 2069918 | 2193253 |
| **LIABILITIES AND EQUITY** |  |  |
| **Current liabilities** |  |  |
| Accounts payable | 3640 | 5190 |
| Bank borrowings | 63539 | 101642 |
| Due to a non-controlling shareholder | 63019 | 64255 |
| Other payables and accruals | 10396 | 21709 |
| Tax payable | 2539 | 3074 |
| Total current liabilities | 143133 | 195870 |
| **Non-current liabilities** |  |  |
| Bank borrowings | 219434 | 191176 |
| Deferred tax liabilities | 5658 | 5597 |
| Provisions | 1664 | 2079 |
| Total non-current liabilities | 226756 | 198852 |
| Total liabilities | 369889 | 394722 |

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AMTD IDEA GROUP

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(CONTINUED)

AS AT DECEMBER 31, 2024 AND JUNE 30, 2025

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| | | |
|:---|:---|:---|
|  | **December 31,<br> 2024** | **June 30,<br> 2025** |
|  | **US$'000** | **US$'000** |
|  | **(audited)** | **(unaudited)** |
| **Equity** | | |
| Share capital | 48 | 76 |
| Treasury shares | (734658) | (728932) |
| Reserves | 2092270 | 2115664 |
| Total equity attributable to ordinary shareholders of the Company | 1357660 | 1386808 |
| Non-controlling interests | 108124 | 180436 |
| Perpetual securities | 234245 | 231277 |
| Total equity | 1700029 | 1798531 |
| Total liabilities and equity | 2069918 | 2193253 |

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