IGG (SEHK:799) EPS Recovery In 1H 2025 Tests Long Term Earnings Decline Narrative

Simply Wall St.03-26

IGG (SEHK:799) has put fresh numbers on the table for FY 2025, with first half revenue of HK$2.7b and basic EPS of HK$0.28. Trailing twelve month EPS sits at HK$0.51 on revenue of HK$5.5b and net ...

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Trailing twelve month EPS sits at HK$0.51 on revenue of HK$5.5b and net ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/media/hkg-799/igg-shares/news/igg-sehk799-eps-recovery-in-1h-2025-tests-long-term-earnings\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IGG (SEHK:799) EPS Recovery In 1H 2025 Tests Long Term Earnings Decline Narrative</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIGG (SEHK:799) EPS Recovery In 1H 2025 Tests Long Term Earnings Decline Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-26 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/media/hkg-799/igg-shares/news/igg-sehk799-eps-recovery-in-1h-2025-tests-long-term-earnings><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IGG (SEHK:799) has put fresh numbers on the table for FY 2025, with first half revenue of HK$2.7b and basic EPS of HK$0.28. Trailing twelve month EPS sits at HK$0.51 on revenue of HK$5.5b and net ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/media/hkg-799/igg-shares/news/igg-sehk799-eps-recovery-in-1h-2025-tests-long-term-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00799","symbol_name":"IGG","start_time":0,"source_url":"https://simplywall.st/stocks/hk/media/hkg-799/igg-shares/news/igg-sehk799-eps-recovery-in-1h-2025-tests-long-term-earnings","article_id":"2622860352","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8043000-choice1-main-header/1585186853880"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/media/hkg-799/igg-shares/news/igg-sehk799-eps-recovery-in-1h-2025-tests-long-term-earnings","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622860352","pubTimestamp":1774538059,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"IGG (SEHK:799) has put fresh numbers on the table for FY 2025, with first half revenue of HK$2.7b and basic EPS of HK$0.28. Trailing twelve month EPS sits at HK$0.51 on revenue of HK$5.5b and net income of HK$580.5m, giving investors a clear read on recent profitability. The company has seen half year revenue move between HK$2.7b in 1H 2024, HK$3.0b in 2H 2024, and HK$2.7b in 1H 2025, with basic EPS ranging from HK$0.29 to HK$0.22 and HK$0.28 across those periods. This helps set the scene for...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00799":"IGG"},"translate_title":"IGG(SEHK：799)2025年上半年每股收益复苏考验长期盈利下降叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00799":1.5},"content_text":"IGG (SEHK:799) has put fresh numbers on the table for FY 2025, with first half revenue of HK$2.7b and basic EPS of HK$0.28. Trailing twelve month EPS sits at HK$0.51 on revenue of HK$5.5b and net income of HK$580.5m, giving investors a clear read on recent profitability. The company has seen half year revenue move between HK$2.7b in 1H 2024, HK$3.0b in 2H 2024, and HK$2.7b in 1H 2025, with basic EPS ranging from HK$0.29 to HK$0.22 and HK$0.28 across those periods. This helps set the scene for how current margins and earnings quality shape the story behind the latest results. See our full analysis for IGG. With the headline figures in place, the next step is to see how these earnings line up against the widely held narratives around IGG’s growth potential, risk profile, and the durability of its margins. See what the community is saying about IGG SEHK:799 Earnings & Revenue History as at Mar 2026 AdvertisementTTM net income holds around HK$580 million  Over the last twelve months, IGG recorded net income of about HK$580.5 million on revenue of HK$5.5b, with a trailing net margin of 10.6% compared with 10.1% a year earlier. Analysts' consensus view highlights heavy reliance on a few key titles but also points to portfolio diversification. The recent 10.6% margin together with HK$321.5 million net income in 1H 2025 invite a check on how far new games and the APP business are really offsetting the five year earnings decline of 18.6% per year.\n     Supporters of the bullish narrative point to newer titles and a broader mix of genres as helping to reduce revenue concentration, while the latest HK$2.7b half year revenue shows the top line holding near recent ranges. At the same time, critics will notice that trailing net income is broadly flat around HK$580 million against that long term earnings decline figure. This tests how much earnings durability the current game slate can actually provide.    Bulls argue that AI driven efficiency and a broader game slate can turn a flat earnings base into steadier profit growth, and this set of numbers is a useful checkpoint for that story. 🐂 IGG Bull Case Revenue growth forecasts trail market  Revenue is forecast to grow about 7.7% per year and earnings about 8.3% per year, both below the Hong Kong market forecasts of 8.2% and 11.9% respectively. Bears focus on this slower forecast growth and the five year 18.6% per year earnings decline, arguing that even with a 10.6% net margin, IGG may struggle to keep up with faster growing Entertainment peers and the wider market.\n     Consensus narrative also flags rising competition and weaker recent launches, which lines up with growth forecasts that sit below the broader market despite a global gaming audience that is still expanding. For a reader, the key tension is that earnings are expected to grow from HK$571.2 million today to HK$727.1 million by around 2028, while history over five years shows the opposite direction. This means you are weighing a change in trend against what has actually happened so far.    Skeptics argue that slower forecast growth and past earnings declines could cap upside, so it is worth seeing how their concerns stack up against the detailed bear case. 🐻 IGG Bear Case Low 7.1x P/E versus DCF fair value  The shares trade on a trailing P/E of 7.1x compared with about 11.1x for the Hong Kong market and 10.9x for the Entertainment industry, while the current price of HK$3.59 sits above the DCF fair value of HK$2.63 yet below the analyst consensus target of HK$4.82. Consensus narrative suggests that portfolio diversification and AI investment could justify a higher multiple, but the gap between the HK$3.59 share price, the HK$2.63 DCF fair value and the HK$4.82 analyst target leaves investors deciding whether the low P/E reflects caution around the 18.6% five year earnings decline or an opportunity if forecast earnings of HK$727.1 million are reached.\n     Support for a more optimistic stance comes from analyst expectations that margins could increase from 10.0% to 11.7% over three years. This would help earnings support a P/E closer to the implied 9.4x used in their 2028 framework. On the other side, the unstable dividend record and dependence on a few flagship games are flagged as ongoing risks that might explain why the market keeps the multiple below both peers and the analyst target, despite the relatively low 7.1x headline P/E.    Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for IGG on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. With the bulls and bears both making valid points, it pays to look through the numbers yourself and decide how the trade off between risk and reward really feels to you. A good next step is to weigh the company’s 4 key rewards and 1 important warning sign See What Else Is Out There IGG faces slower forecast growth than the wider Hong Kong market, relies heavily on a few key games, and carries an unstable dividend record. If that mix of slower growth and patchy income leaves you cautious, compare it with companies screened for predictable income and stronger payouts through the 466 dividend fortresses  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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