Power Assets Holdings 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
Operating Revenue	771	919	1,292	1,265	1,276
Other Revenue	-	-	-	-	353
Revenue	771	919	1,292	1,265	1,629
Revenue Growth (YoY)	-16.10%	-28.87%	2.13%	-22.35%	11.35%
Selling, General & Admin	312	424	421	-	111
Depreciation & Amortization	4	3	4	-	3
Other Operating Expenses	36	33	32	101	29
Total Operating Expenses	352	460	457	101	143
Operating Income	419	459	835	1,164	1,486
Interest Expense	-228	-169	-143	-104	-125
Interest Income	105	123	218	-	12
Net Interest Expense	-123	-46	75	-104	-113
Income (Loss) on Equity Investments	6,142	5,855	5,264	4,778	4,896
Currency Exchange Gain (Loss)	-39	-7	35	-	3
Other Non-Operating Income (Expenses)	55	91	43	-	-
EBT Excluding Unusual Items	6,454	6,352	6,252	5,838	6,272
Pretax Income	6,454	6,352	6,252	5,838	6,272
Income Tax Expense	218	233	249	189	132
Net Income	6,236	6,119	6,003	5,649	6,140
Net Income to Common	6,236	6,119	6,003	5,649	6,140
Net Income Growth	1.91%	1.93%	6.27%	-8.00%	0.13%
Shares Outstanding (Basic)	2,131	2,131	2,131	2,134	2,134
Shares Outstanding (Diluted)	2,131	2,131	2,131	2,134	2,134
Shares Change (YoY)	-	-	-0.11%	-0.03%	-
EPS (Basic)	2.93	2.87	2.82	2.65	2.88
EPS (Diluted)	2.93	2.87	2.82	2.65	2.88
EPS Growth	1.91%	1.93%	6.39%	-7.96%	0.13%
Free Cash Flow	883	941	1,548	771	939
Free Cash Flow Per Share	0.41	0.44	0.73	0.36	0.44
Dividend Per Share	2.820	2.820	2.820	2.820	2.820
Dividend Growth	-	-	-	-	0.36%
Profit Margin	808.82%	665.83%	464.63%	446.56%	376.92%
Free Cash Flow Margin	114.53%	102.39%	119.81%	60.95%	57.64%
EBITDA	420	460	836	1,165	1,487
EBITDA Margin	54.47%	50.05%	64.71%	92.09%	91.28%
D&A For EBITDA	1	1	1	1	1
EBIT	419	459	835	1,164	1,486
EBIT Margin	54.34%	49.95%	64.63%	92.02%	91.22%
Effective Tax Rate	3.38%	3.67%	3.98%	3.24%	2.10%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.