The Generation Essentials Group ("TGE"orthe"Group"orthe "Company")

InterimResults2026

Key Highlights:

   -- Revenue from contracts with customers grew by 35.8% to US$30.8 million 
 
   -- Hospitality arm's revenue surged by 59.8% following strategic 
      acquisitions 
 
   -- Net profit improved significantly to US$22.8 million 
 
   -- EPS increased by 366.7% to US$0.56/share 
 
   -- Total Assets amounted to US$1.8 billion (US$37.2/share) 
 
   -- Net asset value amounted to US$932.5 million (US$19.2/share) 

PARIS and NEW YORK and LONDON, Sept. 30, 2026 /PRNewswire/ -- The Generation Essentials Group ("TGE", the "Company", or "we", NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is focusing on global strategies and developments in multi-media, entertainment, and cultural events worldwide as well as hospitality and VIP services, announces its unaudited financial results for the six months ended June 30, 2026 ("1H 2026").

Highlights and Key Developments

   -- During the first half of 2026, the Company significantly scaled its 
      global hospitality footprint through the successful acquisition and 
      integration of four premier hotel properties located in key international 
      markets: New York, Perth, Kuala Lumpur, and London. Driven by these 
      strategic acquisitions and strong operational execution, revenue from our 
      hotel operations, hospitality, and VIP services segment surged by 59.8% 
      compared to the same period last year. This served as a primary driver 
      for our 35.8% growth in revenue from contracts with customers, which 
      reached US$30.8 million. 
   -- Building upon the successful launch and rapid popularity of our inaugural 
      L'Officiel Coffee in Omotesando, Japan, the Company continued the 
      strategic rollout of its IP extended businesses by opening our second 
      L'Officiel Coffee and Bar in Macao SAR in May 2026. This new venue 
      further leverages AMTD L'Officiel's intellectual properties, offering our 
      signature specialty coffees and beautifully crafted sweets--including 
      L'Officiel magazine cakes and seasonal fruit taste mousse cakes - while 
      expanding our vibrant social and cultural footprint into a key Asian 
      entertainment and tourism hub. 

Feridun Hamdullahpur, Director, commented:

"This was an outstanding growth year for TGE, with several strategic long-term acquisitions and investments worldwide being concluded. With the addition of the new hotels and the new L'Officiel Coffee & Bar, TGE is expanding its global presence. The Board of Directors congratulates the Management Team on their exceptional accomplishments."

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Forward-Looking Statements

This interim report contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.

You can identify these forward-looking statements by words or phrases such as "may," "might," "will," "would," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to," "potential," "continue," or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs.

These forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations may later be found to be incorrect. Our actual results could be materially different from our expectations. Important risks and factors that could cause our actual results to be materially different from our expectations are generally set forth in the "Principal Risks and Uncertainties" section of this interim report, as well as in our most recent Annual Report on Form 20-F. You should read thoroughly this interim report and the documents that we refer to in this interim report with the understanding that our actual future results may be materially different from and worse than what we expect. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements.

You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this interim report relate only to events or information as of the date on which the statements are made in this interim report. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Business Review and Important Events During the Six Months Ended June 30, 2026

Overview

During the six months ended 30 June 2026, the Group accelerated the execution of its global diversification strategy, marked by disciplined capital deployment across our core operating segments. The period was characterised by significant asset acquisitions in the premium hospitality sector, alongside the strategic expansion of our media, lifestyle, and entertainment intellectual property. These initiatives have materially enhanced the Group's global asset base and further integrated our cross-sector ecosystem.

Hospitality and Real Estate Portfolio Expansion

A primary focus of 1H 2026 was the geographic diversification and scaling of our hospitality portfolio. The Group successfully completed a series of strategic acquisitions in key international gateway cities, deploying capital into prime, yield-generating assets:

   -- Australia: The Group completed the acquisition of The Ritz-Carlton Perth 
      for a total consideration A$100 million. This landmark transaction 
      secures a premium, 205-room yield-generating asset in a high-growth 
      market, firmly anchoring our luxury hospitality presence in the broader 
      Asia-Pacific region. 
 
   -- North America: The Group established a strategic presence in a 
      high-barrier-to-entry market via the acquisition of the 151-room New York 
      Tribeca Hotel for US$69 million. This asset diversifies our geographic 
      revenue streams and provides a strong foothold in the resilient US luxury 
      hospitality sector. 
 
   -- Southeast Asia: The Group successfully acquired the 129-room Upper View 
      Regalia Hotel in Malaysia for US$38 million. This strategic addition 
      strengthens our operational presence and positions the Group to capture 
      growing tourism and hospitality demand within the ASEAN market. 
 
   -- United Kingdom: The Group started to build the European portfolio with 
      the US$30 million acquisition of the Dao by Dorsett Hornsey Hotel in 
      London, which comprises 68 serviced apartments and hotel rooms. 

Media, Lifestyle, and Brand Synergies

The Group continued to leverage the global L'Officiel brand to drive organic growth and cross-sector synergies, with a specific focus on the Asian market:

   -- Publishing Network Expansion: Management finalised the operational 
      groundwork for the 2026 launches of L'Officiel Taiwan and L'Officiel 
      Singapore ShiZhuang (the Chinese version of L'Officiel Singapore). This 
      regional expansion broadens our digital and print media footprint, 
      positioning the Group to capture increased market share within Asia's 
      luxury advertising and consumer segments. 
 
   -- Experiential F&B: Demonstrating the successful convergence of our media 
      IP and hospitality operations, the Group completed the interior fit-out 
      of the world's second L'Officiel Coffee and Bar in Macau. This physical 
      extension of the brand is designed to diversify revenue streams and 
      deepen consumer engagement in a premier regional tourism hub. 

Summary

The operational milestones achieved in 1H 2026 reflect the Group's commitment to building a resilient, diversified portfolio. The integration of these newly acquired physical assets, combined with the ongoing expansion of our digital and cultural IP, strongly positions the Group for sustained long-term value creation.

Executive Overview