Hysan Development Company 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	3,446	3,409	3,210	3,460	3,608	3,710
Other Revenue	105	-83	233	211	283	237
Total Revenue	3,551	3,326	3,443	3,671	3,891	3,947
Revenue Growth (YoY	8.20%	-3.40%	-6.21%	-5.65%	-1.42%	-5.87%
Property Expenses	664	646	621	567	499	490
Selling, General & Administrative	314	308	307	332	274	268
Total Operating Expenses	978	954	928	899	773	758
Operating Income	2,573	2,372	2,515	2,772	3,118	3,189
Interest Expense	-427	-417	-430	-408	-348	-504
Interest & Investment Income	186	167	261	248	92	272
Currency Exchange Gain (Loss)	-68	79	1	-7	-62	28
Other Non-Operating Income	-28	-109	-48	-9	14	-62
EBT Excluding Unusual Items	2,236	2,092	2,299	2,596	2,814	2,923
Gain (Loss) on Sale of Investments	-19	-19	-267	10	167	-15
Asset Writedown	-2,273	-1,506	-2,763	-3,213	-720	-4,903
Pretax Income	-56	567	-731	-607	2,261	-1,995
Income Tax Expense	293	296	295	342	358	353
Earnings From Continuing Operations	-349	271	-1,026	-949	1,903	-2,348
Minority Interest in Earnings	490	182	596	242	-61	89
Net Income	141	453	-430	-707	1,842	-2,259
Preferred Dividends & Other Adjustments	458	418	442	450	459	288
Net Income to Common	-317	35	-872	-1,157	1,383	-2,547
Basic Shares Outstanding	1,027	1,027	1,027	1,030	1,038	1,042
Diluted Shares Outstanding	1,027	1,027	1,027	1,030	1,038	1,042
Shares Change (YoY)	-	-	-0.28%	-0.82%	-0.33%	-0.43%
EPS (Basic)	-0.31	0.03	-0.85	-1.12	1.33	-2.44
EPS (Diluted)	-0.32	0.03	-0.85	-1.12	1.33	-2.44
Dividend Per Share	1.080	1.080	1.080	1.440	1.440	1.440
Dividend Growth	-	-	-25.00%	-	-	-
Operating Margin	72.46%	71.32%	73.05%	75.51%	80.13%	80.80%
Profit Margin	-8.93%	1.05%	-25.33%	-31.52%	35.54%	-64.53%
EBITDA	2,614	2,408	2,548	2,804	3,147	3,213
EBITDA Margin	73.61%	72.40%	74.00%	76.38%	80.88%	81.40%
D&A For Ebitda	41	36	33	32	29	24
EBIT	2,573	2,372	2,515	2,772	3,118	3,189
EBIT Margin	72.46%	71.32%	73.05%	75.51%	80.13%	80.80%
Effective Tax Rate	-	52.20%	-	-	15.83%	-

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