Pico Far East’s revenues up 18%

Hong Kong, 27th June: Last week, Hong Kong-listed Pico Far East Holdings announced its interim results for the six months ended 30th April 2025. Revenues were US$447 million, a year-on-year increase of 18%. Profits in the six-month period grew 11%, reaching US$27 million. Diluted earnings per share in the first half of the financial year were HK$0.1703 (US$0.022).

In terms of business segments, more than 88% of Pico’s revenues were generated from its exhibition, event & brand activation business (US$394 million), which was up 20% year-on-year. The company attributed the growth to the completion of the COP29 project for the United Nation during the reported period.

The remaining revenues were generated from its museum & themed entertainment business (US$34 million), visual branding activation business (US$13 million), and meeting architecture activation business (US$6.0 million).

Revenues from the museum & themed entertainment business jumped 44%. The increase was due to the company maintained stable growth in business volume with a full pipeline of projects in Saudi Arabia and Asia, and also the success in ensuring smooth delivery of several major projects.

However, the revenues from the meeting architecture activation business dropped by 20%, and the visual branding activation business decreased by 35% year-on-year. The economic uncertainty and a struggling property market have slowed growth in China’s automotive sector, reducing the rate of new showroom openings, in the result of the decrease in Pico’s visual branding activation business. While the decrease in the meeting architecture activation business was mainly due to the extraordinary income from the divestment of InfocommAsia in Singapore recorded in the previous year.