HK Stock Market Move | SJM Holdings (00880) fell nearly 6% after its performance announcement. Annual gambling net revenue dropped by 2.4% year-on-year, and net profit turned from profit to loss.

SJM HOLDINGS (00880) fell nearly 6% after the performance report, reaching a 4.74% decrease to HK$2.21 as of press time, with a turnover of HK$238.471 million. On the news front, SJM HOLDINGS released its annual performance for 2025. The announcement showed that the net gambling revenue for the period was HK$26.203 billion, a decrease of 2.4% year-on-year. The total net income was HK$28.17 billion, a decrease of 2.08% year-on-year; shareholders' loss was HK$429 million, compared to a profit of HK$3 million in 2024, resulting in a loss from profit; basic loss per share was HK$0.604. Adjusted EBITDA was HK$3.198 billion, a decrease of 15.04% year-on-year. The board of directors does not recommend the payment of final dividends. SJM Holdings stated that last year, in compliance with regulations, they orderly closed their satellite entertainment venues, leading to a temporary pressure on short-term performance, resulting in a transitional adjustment in overall profit and market share. They pointed out that the structural impact of satellite venue closures has been largely eliminated, resources have been reallocated, and they will continue to focus on improving operational efficiency, driving profit growth, and strengthening their product portfolio to expand their high-quality customer base.