The expenditure includes immersive Location-based Entertainment and Experiences (LBE) and proprietary Intellectual Property (IP) development, as well as front-loaded setup and related costs for the Malaysia manufacturing facility.
On the other hand, margins were being impacted by project mix and inflationary pressures, while revenue was slightly lower y-o-y.
The company saw an increase in its operating costs due to headcount additions to support regional expansion. The one-off IPO related expenses and a tax under-provision also impacted its bottom line.
Dezign Format is currently in the process of finalising its unaudited consolidated financial results for FY2025 and is expected to be released on or before Feb 26.
See also: Hongkong Land's underlying profit for FY2025 down 8%; earnings reach US$1.26 bil
Shares in Dezign Format closed at 22.5 cents on Feb 4.
