HKG:0078 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
Gain (Loss) on Sale of Investments (Rev)	-0.8	3	7	3.7	12.1
Other Revenue	2,478	1,401	1,596	1,813	990.9
Total Revenue	2,478	1,408	1,610	1,837	1,017
Revenue Growth (YoY	75.99%	-12.57%	-12.34%	80.69%	130.08%
Property Expenses	1,964	1,138	1,140	973.3	751.1
Selling, General & Administrative	324.4	281.7	270.4	286.1	278.2
Depreciation & Amortization	592.1	603.3	618.6	623.8	537.1
Other Operating Expenses	-15.2	-61.4	-33.5	-38.4	-88.9
Total Operating Expenses	2,865	1,962	1,995	1,845	1,478
Operating Income	-387.2	-553.7	-385	-7.7	-460.8
Interest Expense	-750.2	-1,002	-963.7	-459.3	-259.4
Interest & Investment Income	72.5	146.2	127.7	98.2	94
Other Non-Operating Income	-18.7	-92.5	-5.3	-4.2	-7.4
EBT Excluding Unusual Items	-1,084	-1,502	-1,226	-373	-633.6
Gain (Loss) on Sale of Investments	-11.9	-1,084	-921.4	-88.7	83.9
Gain (Loss) on Sale of Assets	4.5	73.6	240.5	-	4
Asset Writedown	-157.9	-209.2	-43.9	-7.3	-0.1
Other Unusual Items	-	-	-	23.7	-
Pretax Income	-1,249	-2,722	-1,951	-445.3	-545.8
Income Tax Expense	58.8	11.5	-19.5	-34	-18.2
Earnings From Continuing Operations	-1,308	-2,733	-1,932	-411.3	-527.6
Minority Interest in Earnings	106.8	135.2	139.7	53	33.2
Net Income	-1,201	-2,598	-1,792	-358.3	-494.4
Preferred Dividends & Other Adjustments	114.3	114.1	114.6	114.8	113.6
Net Income to Common	-1,315	-2,712	-1,907	-473.1	-608
Basic Shares Outstanding	899	899	899	899	899
Diluted Shares Outstanding	899	899	899	899	899
EPS (Basic)	-1.46	-3.02	-2.12	-0.53	-0.68
EPS (Diluted)	-1.46	-3.02	-2.12	-0.53	-0.68
Operating Margin	-15.63%	-39.33%	-23.91%	-0.42%	-45.32%
Profit Margin	-53.08%	-192.62%	-118.39%	-25.75%	-59.80%
EBITDA	-65.5	-232	-47.7	334.8	-160
EBITDA Margin	-2.64%	-16.48%	-2.96%	18.22%	-15.74%
D&A For Ebitda	321.7	321.7	337.3	342.5	300.8
EBIT	-387.2	-553.7	-385	-7.7	-460.8
EBIT Margin	-15.63%	-39.33%	-23.91%	-0.42%	-45.32%

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