MTR Corporation 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
Revenue	55,465	60,011	56,982	47,812	47,202
Revenue Growth (YoY)	-7.58%	5.32%	19.18%	1.29%	10.96%
Cost of Revenue	36,222	40,275	40,101	38,463	37,775
Gross Profit	19,243	19,736	16,881	9,349	9,427
Selling, General & Admin	1,213	1,322	1,200	1,133	1,057
Other Operating Expenses	-9,562	-8,650	397	-10,961	-10,615
Operating Expenses	-1,953	-1,184	7,702	-4,059	-4,128
Operating Income	21,196	20,920	9,179	13,408	13,555
Interest Expense	-1,006	-2,237	-1,841	-1,409	-1,340
Interest & Investment Income	-	1,241	777	396	273
Earnings From Equity Investments	787	1,340	1,259	1,095	968
Currency Exchange Gain (Loss)	-	-87	-7	-36	-12
Other Non Operating Income (Expenses)	-	51	-68	67	112
EBT Excluding Unusual Items	20,977	21,228	9,299	13,521	13,556
Asset Writedown	-2,060	-1,703	1,386	-1,772	-1,616
Other Unusual Items	-	-	-1,022	-	-
Pretax Income	18,917	19,525	9,663	11,749	11,940
Income Tax Expense	3,359	3,458	1,575	1,608	2,261
Earnings From Continuing Operations	15,558	16,067	8,088	10,141	9,679
Minority Interest in Earnings	-245	-295	-304	-314	-127
Net Income	15,313	15,772	7,784	9,827	9,552
Preferred Dividends & Other Adjustments	636	-	-	-	-
Net Income to Common	14,677	15,772	7,784	9,827	9,552
Net Income Growth	-2.91%	102.62%	-20.79%	2.88%	-
Shares Outstanding (Basic)	6,214	6,213	6,202	6,191	6,181
Shares Outstanding (Diluted)	6,225	6,221	6,208	6,197	6,187
Shares Change (YoY)	0.06%	0.21%	0.19%	0.16%	0.40%
EPS (Basic)	2.36	2.54	1.26	1.59	1.55
EPS (Diluted)	2.36	2.54	1.25	1.59	1.54
EPS Growth	-7.04%	103.09%	-21.25%	3.07%	-
Free Cash Flow	-7,720	-1,518	-1,136	-12,527	-1,170
Free Cash Flow Per Share	-1.24	-0.24	-0.18	-2.02	-0.19
Dividend Per Share	1.310	1.310	1.310	1.310	1.270
Dividend Growth	-	-	-	3.15%	3.25%
Gross Margin	34.69%	32.89%	29.63%	19.55%	19.97%
Operating Margin	38.21%	34.86%	16.11%	28.04%	28.72%
Profit Margin	26.46%	26.28%	13.66%	20.55%	20.24%
Free Cash Flow Margin	-13.92%	-2.53%	-1.99%	-26.20%	-2.48%
EBITDA	27,592	26,707	14,934	19,100	19,417
EBITDA Margin	49.75%	44.50%	26.21%	39.95%	41.14%
D&A For EBITDA	6,396	5,787	5,755	5,692	5,862
EBIT	21,196	20,920	9,179	13,408	13,555
EBIT Margin	38.21%	34.86%	16.11%	28.04%	28.72%
Effective Tax Rate	17.76%	17.71%	16.30%	13.69%	18.94%
Revenue as Reported	55,465	60,011	56,982	47,812	47,202

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