HKG:0071 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
Rental Revenue	2,581	2,858	2,553	1,382	1,247
Other Revenue	0.12	0.07	0.18	0.18	0.18
Total Revenue	2,582	2,858	2,553	1,382	1,247
Revenue Growth (YoY	-9.69%	11.98%	84.66%	10.84%	-5.14%
Property Expenses	1,711	1,861	1,586	703.03	557.77
Selling, General & Administrative	245	280.49	228.7	170.04	131.67
Depreciation & Amortization	80.2	76.84	67.21	57.78	66.51
Other Operating Expenses	-275.67	-361.43	-300.13	-117.32	-47.37
Total Operating Expenses	1,760	1,857	1,582	813.53	708.58
Operating Income	821.42	1,002	970.88	568.88	538.62
Interest Expense	-2.51	-2.66	-2.27	-2.14	-2.24
EBT Excluding Unusual Items	818.91	999.19	968.61	566.74	536.39
Gain (Loss) on Sale of Investments	-	-	-	-	3.41
Gain (Loss) on Sale of Assets	-	-	-	-	18.7
Asset Writedown	-12.66	-76.67	159.53	-23.16	-143.75
Other Unusual Items	-	-	-	36.61	8.01
Pretax Income	806.25	922.52	1,128	580.19	422.76
Income Tax Expense	106.19	120.24	110.84	91.65	87.11
Earnings From Continuing Operations	700.07	802.28	1,017	488.54	335.65
Minority Interest in Earnings	-22.61	-55.72	-40.17	-8.44	-5.7
Net Income	677.46	746.56	977.14	480.1	329.96
Net Income to Common	677.46	746.56	977.14	480.1	329.96
Net Income Growth	-9.25%	-23.60%	103.53%	45.51%	9.29%
Basic Shares Outstanding	691	691	691	691	691
Diluted Shares Outstanding	691	691	691	691	691
EPS (Basic)	0.98	1.08	1.41	0.69	0.48
EPS (Diluted)	0.98	1.08	1.41	0.69	0.48
EPS Growth	-9.26%	-23.40%	104.35%	44.49%	9.29%
Dividend Per Share	0.530	0.530	0.530	0.500	0.460
Dividend Growth	-	-	6.00%	8.70%	-8.00%
Operating Margin	31.82%	35.05%	38.03%	41.15%	43.19%
Profit Margin	26.24%	26.12%	38.28%	34.73%	26.46%
EBITDA	852.29	1,033	999.82	595.9	569.09
EBITDA Margin	33.02%	36.13%	39.17%	43.11%	45.63%
D&A For Ebitda	30.87	30.87	28.94	27.02	30.47
EBIT	821.42	1,002	970.88	568.88	538.62
EBIT Margin	31.82%	35.05%	38.03%	41.15%	43.19%
Effective Tax Rate	13.17%	13.03%	9.83%	15.80%	20.60%

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