Global Digital Creations Holdings Limited (GDC) reported a profit attributable to shareholders of HK$13.40 million for the year ended 31 December 2025, reversing a loss of HK$61.94 million in 2024. The turnaround was driven primarily by a HK$33.95 million gain arising from the deconsolidation of insolvent subsidiary Guangdong GDC, which more than offset a HK$16.53 million loss from continuing operations.
Revenue from continuing operations fell 19.0 % year on year to HK$57.05 million, reflecting: • Interactive Entertainment and Digital Assets (IEDA): HK$19.54 million, down 23.9 %, mainly due to the release of only one animated film versus two in 2024. • Property Assets Management (PAM): HK$37.51 million, down 16.2 %, as rental and management fees declined following the termination of the Suzhou project.
Despite lower revenue, gross profit swung to HK$23.48 million from a gross loss of HK$15.06 million a year earlier, aided by a HK$51.92 million reduction in cost of sales, with both segments posting sizeable cost savings.
Operating expenses were mixed: • Distribution and selling expenses fell 72.4 % to HK$4.68 million as film-related marketing outlays decreased. • Administrative expenses edged up 5.9 % to HK$32.84 million owing to costs linked to the exit of Chengdu projects. • Other net losses widened to HK$21.68 million, largely due to a HK$21.71 million fair-value writedown of investment property.
Finance costs dropped to HK$0.16 million, reflecting the absence of borrowings; interest expense related solely to lease liabilities.
The discontinued operation—Pearl River Film Cultural Park—contributed a profit of HK$28.82 million versus a HK$5.85 million loss in 2024, entirely attributable to the deconsolidation gain.
Earnings per share were HK0.89 cents compared with a loss of HK4.12 cents in 2024. No dividend was declared.
Balance-sheet metrics strengthened: • Cash, restricted deposits and time deposits rose to HK$233.69 million (2024: HK$223.74 million). • The current ratio improved to 3.07 (2024: 1.05) after short-term liabilities fell sharply following removal of Guangdong GDC’s liabilities. • Net assets increased 61.3 % to HK$380.56 million, bolstered by retained earnings and an 8.55 million exchange-translation gain.
GDC ended the year debt-free and reported no material acquisitions, disposals or charges over assets. The board did not recommend a dividend.
Management outlined plans to pivot from pure digital content provision toward broader “digital interactive entertainment,” leveraging immersive technologies, AI-driven production workflows and its upgraded asset base to pursue four pillars: space operations, digital content production, industrial intelligent digitalisation and interactive entertainment experiences.