Hang Lung Group Income Statement

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
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
Rental Revenue	10,414	11,760	10,881	10,941	10,919
Other Revenue	48	157	127	59	-14
Total Revenue	10,462	11,917	11,008	11,000	10,905
Revenue Growth (YoY	-12.21%	8.26%	0.07%	0.87%	18.08%
Property Expenses	3,578	4,934	3,087	3,258	3,112
Selling, General & Administrative	677	672	680	673	618
Other Operating Expenses	-17	-8	-7	-5	-41
Total Operating Expenses	4,238	5,598	3,760	3,926	3,689
Operating Income	6,224	6,319	7,248	7,074	7,216
Interest Expense	-861	-846	-623	-449	-430
Interest & Investment Income	43	62	104	73	84
Currency Exchange Gain (Loss)	-	-2	5	-	-
Other Non-Operating Income	-130	-101	-97	-88	-79
EBT Excluding Unusual Items	5,276	5,432	6,637	6,610	6,791
Gain (Loss) on Sale of Investments	-	-	-	94	-
Gain (Loss) on Sale of Assets	27	17	-1	-	17
Asset Writedown	-1,166	-1,197	-62	-352	458
Pretax Income	4,137	4,252	6,574	6,352	7,266
Income Tax Expense	1,683	1,416	1,659	1,557	2,191
Earnings From Continuing Operations	2,454	2,836	4,915	4,795	5,075
Minority Interest in Earnings	-1,084	-1,223	-2,104	-2,077	-2,486
Net Income	1,370	1,613	2,811	2,718	2,589
Net Income to Common	1,370	1,613	2,811	2,718	2,589
Net Income Growth	-15.07%	-42.62%	3.42%	4.98%	-
Basic Shares Outstanding	1,362	1,362	1,362	1,362	1,362
Diluted Shares Outstanding	1,362	1,362	1,362	1,362	1,362
EPS (Basic)	1.01	1.18	2.06	2.00	1.90
EPS (Diluted)	1.01	1.18	2.06	2.00	1.90
EPS Growth	-14.73%	-42.72%	3.20%	5.06%	-
Dividend Per Share	0.860	0.860	0.860	0.860	0.860
Dividend Growth	-	-	-	-	4.88%
Operating Margin	59.49%	53.02%	65.84%	64.31%	66.17%
Profit Margin	13.10%	13.54%	25.54%	24.71%	23.74%
EBITDA	6,341	6,436	7,336	7,152	7,278
EBITDA Margin	60.61%	54.01%	66.64%	65.02%	66.74%
D&A For Ebitda	117	117	88	78	62
EBIT	6,224	6,319	7,248	7,074	7,216
EBIT Margin	59.49%	53.02%	65.84%	64.31%	66.17%
Effective Tax Rate	40.68%	33.30%	25.24%	24.51%	30.15%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.