Swire Properties Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 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
Rental Revenue	15,872	14,428	14,670	13,826	16,318	13,308
Other Revenue	383	1,272	829	945	972	785
Total Revenue	16,255	15,700	15,499	14,771	17,290	14,093
Revenue Growth (YoY	6.19%	1.30%	4.93%	-14.57%	22.68%	-7.40%
Property Expenses	5,262	4,258	4,284	4,303	5,801	3,396
Selling, General & Administrative	2,317	2,195	2,058	1,713	1,888	1,694
Other Operating Expenses	315	62	126	99	132	93
Total Operating Expenses	7,894	6,515	6,468	6,115	7,821	5,183
Operating Income	8,361	9,185	9,031	8,656	9,469	8,910
Interest Expense	-1,097	-1,037	-600	-196	-397	-514
Interest & Investment Income	253	233	218	172	230	264
Currency Exchange Gain (Loss)	48	3	-241	-108	59	24
Other Non-Operating Income	-86	-188	-137	-162	-209	-133
EBT Excluding Unusual Items	7,479	8,196	8,271	8,362	9,152	8,551
Gain (Loss) on Sale of Investments	-446	-446	-570	510	802	-53
Gain (Loss) on Sale of Assets	-131	-230	-62	571	1,194	1,823
Asset Writedown	-9,054	-5,983	-3,271	849	-1,905	-4,465
Pretax Income	-2,152	1,537	4,368	10,292	9,243	5,856
Income Tax Expense	1,540	2,138	1,617	2,065	1,964	1,787
Earnings From Continuing Operations	-3,692	-601	2,751	8,227	7,279	4,069
Minority Interest in Earnings	-72	-165	-114	-247	-167	27
Net Income	-3,764	-766	2,637	7,980	7,112	4,096
Net Income to Common	-3,764	-766	2,637	7,980	7,112	4,096
Net Income Growth	-	-	-66.95%	12.21%	73.63%	-69.48%
Basic Shares Outstanding	5,811	5,846	5,850	5,850	5,850	5,850
Diluted Shares Outstanding	5,811	5,846	5,850	5,850	5,850	5,850
Shares Change (YoY)	-0.67%	-0.08%	-	-	-	-
EPS (Basic)	-0.65	-0.13	0.45	1.36	1.22	0.70
EPS (Diluted)	-0.65	-0.13	0.45	1.36	1.22	0.70
EPS Growth	-	-	-66.95%	12.21%	73.63%	-69.48%
Dividend Per Share	1.110	1.100	1.050	1.000	0.950	0.910
Dividend Growth	4.72%	4.76%	5.00%	5.26%	4.40%	3.41%
Operating Margin	51.44%	58.50%	58.27%	58.60%	54.77%	63.22%
Profit Margin	-23.16%	-4.88%	17.01%	54.02%	41.13%	29.06%
EBITDA	8,706	9,519	9,328	8,909	9,764	9,211
EBITDA Margin	53.56%	60.63%	60.18%	60.31%	56.47%	65.36%
D&A For Ebitda	345	334	297	253	295	301
EBIT	8,361	9,185	9,031	8,656	9,469	8,910
EBIT Margin	51.44%	58.50%	58.27%	58.60%	54.77%	63.22%
Effective Tax Rate	-	139.10%	37.02%	20.06%	21.25%	30.52%

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