The Generation Essentials Group Reports Significant Revenue Growth

The Generation Essentials Group (TGE) announced its unaudited financial results for the six months ended June 30, 2025, reporting a ~160% increase in revenue to US$87.4 million, compared to US$34.2 million in the same period in 2024. Key highlights include a 60.3% growth in hospitality and VIP services income, reaching US$12.7 million, and a non-GAAP adjusted net income of US$61.0 million, a 74.5% increase from the previous year. The company also completed a business combination with Black Spade Acquisition II Co., resulting in a one-off share-based payment expense of US$58.9 million. TGE plans to expand its L’Officiel Coffee brand globally, targeting 15-20 new locations in the next three years.