Revenue by Segment

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
All-Season Recreational Activities in Japan	254.00M	206.00M	156.00M	74.00M	37.00M
All-Season Recreational Activities in Japan Growth	23.30%	32.05%	110.81%	100.00%	-57.95%
Property Development in Japan	216.00M	-	-	-	42.00M
Property Development in Japan Growth	-	-	-	-	-96.92%
Hotel Operations in Japan	402.00M	349.00M	276.00M	150.00M	74.00M
Hotel Operations in Japan Growth	15.19%	26.45%	84.00%	102.70%	-13.95%
Property Management in Japan	106.00M	87.00M	68.00M	27.00M	-
Property Management in Japan Growth	21.84%	27.94%	151.85%	-	-
Property Development and Golf Operation in Thailand	24.00M	10.00M	39.00M	29.00M	10.00M
Property Development and Golf Operation in Thailand Growth	140.00%	-74.36%	34.48%	190.00%	-
Property and Facilities Management in Hong Kong	30.00M	31.00M	31.00M	31.00M	30.00M
Property and Facilities Management in Hong Kong Growth	-3.23%	0%	0%	3.33%	3.45%
Other Businesses	14.00M	14.00M	15.00M	13.00M	28.00M
Other Businesses Growth	0%	-6.67%	15.38%	-53.57%	-30.00%
Property Investment in Indonesia	-	206.00M	239.00M	239.00M	248.00M
Property Investment in Indonesia Growth	-	-13.81%	0%	-3.63%	3.33%
Inter-Segment	-	-2.00M	-2.00M	-2.00M	-2.00M
Total	1.05B	901.00M	822.00M	561.00M	467.00M
Total Growth	16.09%	9.61%	46.52%	20.13%	-74.66%

Revenue by Geography

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Japan	990.00M	652.00M	511.00M	259.00M	177.00M
Japan Growth	51.84%	27.59%	97.30%	46.33%	-88.72%
Hong Kong	32.00M	33.00M	33.00M	34.00M	32.00M
Hong Kong Growth	-3.03%	0%	-2.94%	6.25%	-5.88%
Thailand	24.00M	10.00M	39.00M	29.00M	10.00M
Thailand Growth	140.00%	-74.36%	34.48%	190.00%	-
Indonesia	-	206.00M	239.00M	239.00M	248.00M
Indonesia Growth	-	-13.81%	0%	-3.63%	3.33%
Total	1.05B	901.00M	822.00M	561.00M	467.00M
Total Growth	16.09%	9.61%	46.52%	20.13%	-74.66%

Source: S&P Global Market Intelligence.