New World Development Company Limited (HKG:0017)

HKG:0017 Income Statement

Financials in millions HKD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	27,681	35,782	54,566	68,213	68,233
Revenue Growth (YoY)	-22.64%	-34.42%	-20.01%	-0.03%	15.63%
Cost of Revenue	16,055	23,575	38,241	50,353	49,554
Gross Profit	11,626	12,207	16,325	17,860	18,679
Selling, General & Admin	5,739	6,518	7,887	10,621	10,426
Other Operating Expenses	13,042	-264.2	559	-1,818	2,871
Operating Expenses	18,781	6,253	8,446	8,803	13,297
Operating Income	-7,155	5,954	7,879	9,057	5,383
Interest Expense	-5,421	-5,508	-4,572	-2,609	-3,095
Interest & Investment Income	-	1,277	1,389	3,351	3,389
Earnings From Equity Investments	-831.7	-962.2	-248.5	822.5	1,829
Currency Exchange Gain (Loss)	-	5.6	-137.2	131.2	262.1
Other Non Operating Income (Expenses)	700.2	2,237	-	-	-
EBT Excluding Unusual Items	-12,707	3,003	4,311	10,752	7,767
Impairment of Goodwill	-	-414.5	-	-247.4	-329.4
Gain (Loss) on Sale of Investments	-	-611.4	-211.8	-2,229	1,569
Gain (Loss) on Sale of Assets	-	119.7	2,927	930.8	347.6
Asset Writedown	-1,129	-7,583	-692.9	-219.6	714.3
Other Unusual Items	-	738.1	196.5	228.3	263.8
Pretax Income	-13,835	-4,748	6,530	9,215	10,333
Income Tax Expense	2,521	5,062	5,258	4,913	5,662
Earnings From Continuing Operations	-16,357	-9,811	1,272	4,302	4,671
Earnings From Discontinued Operations	-	-7,607	1,579	-	-
Net Income to Company	-16,357	-17,418	2,851	4,302	4,671
Minority Interest in Earnings	1,043	-89.5	237	-675.4	-1,237
Net Income	-15,313	-17,507	3,088	3,626	3,434
Preferred Dividends & Other Adjustments	-	1,955	2,465	2,377	2,283
Net Income to Common	-15,313	-19,462	623.5	1,249	1,152
Net Income Growth	-	-	-14.84%	5.60%	23.33%
Shares Outstanding (Basic)	2,245	2,517	2,517	2,519	2,545
Shares Outstanding (Diluted)	2,245	2,517	2,517	2,519	2,545
Shares Change (YoY)	-10.78%	-	-0.10%	-1.03%	-0.38%
EPS (Basic)	-6.82	-7.73	0.25	0.50	0.45
EPS (Diluted)	-6.82	-7.73	0.25	0.50	0.45
EPS Growth	-	-	-50.04%	10.20%	4.88%
Free Cash Flow	7,705	-4,487	3,741	1,901	2,486
Free Cash Flow Per Share	3.43	-1.78	1.49	0.76	0.98
Dividend Per Share	-	0.200	0.760	2.060	2.060
Dividend Growth	-	-73.68%	-63.11%	-	0.98%
Gross Margin	42.00%	34.11%	29.92%	26.18%	27.38%
Operating Margin	-25.85%	16.64%	14.44%	13.28%	7.89%
Profit Margin	-55.32%	-54.39%	1.14%	1.83%	1.69%
Free Cash Flow Margin	27.83%	-12.54%	6.86%	2.79%	3.64%
EBITDA	-5,910	7,182	9,726	11,516	8,267
EBITDA Margin	-21.35%	20.07%	17.82%	16.88%	12.12%
D&A For EBITDA	1,245	1,228	1,847	2,460	2,884
EBIT	-7,155	5,954	7,879	9,057	5,383
EBIT Margin	-25.85%	16.64%	14.44%	13.28%	7.89%
Effective Tax Rate	-	-	80.52%	53.31%	54.79%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.