Tai Cheung Holdings Income Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	43.1	36	121.7	66.3	131.9	73.8
Revenue Growth (YoY)	9.67%	-70.42%	83.56%	-49.73%	78.73%	71.63%
Cost of Revenue	39.1	30	98.7	57.7	128.9	70.5
Gross Profit	4	6	23	8.6	3	3.3
Selling, General & Admin	57.8	59.9	56	57.8	58.5	62.5
Other Operating Expenses	-0.2	-2.8	-2.5	-	-	-
Operating Expenses	57.6	57.1	53.5	57.8	58.5	62.5
Operating Income	-53.6	-51.1	-30.5	-49.2	-55.5	-59.2
Interest Expense	-0.5	-0.6	-1	-1.6	-3.1	-9.9
Interest & Investment Income	25.6	41	59.8	39.1	57.9	28.9
Earnings From Equity Investments	58.9	52.7	56.1	10	19.4	9.5
EBT Excluding Unusual Items	30.4	42	84.4	-1.7	18.7	-30.7
Gain (Loss) on Sale of Investments	21.9	21.3	-8.7	-19.7	-15.4	-1.1
Other Unusual Items	-	-	-	1.8	-	2.8
Pretax Income	52.3	63.3	75.7	-19.6	3.3	-29
Income Tax Expense	0.3	0.5	0.8	0.4	0.4	-0.8
Net Income	52	62.8	74.9	-20	2.9	-28.2
Net Income to Common	52	62.8	74.9	-20	2.9	-28.2
Net Income Growth	-31.40%	-16.16%	-	-	-	-
Shares Outstanding (Basic)	618	618	618	618	618	618
Shares Outstanding (Diluted)	618	618	618	618	618	618
EPS (Basic)	0.08	0.10	0.12	-0.03	0.00	-0.05
EPS (Diluted)	0.08	0.10	0.12	-0.03	0.00	-0.05
EPS Growth	-31.40%	-16.16%	-	-	-	-
Free Cash Flow	-340.7	-292.3	-101.9	-152.1	-110.6	-1,377
Free Cash Flow Per Share	-0.55	-0.47	-0.17	-0.25	-0.18	-2.23
Dividend Per Share	0.240	0.240	0.240	0.240	0.240	0.240
Gross Margin	9.28%	16.67%	18.90%	12.97%	2.27%	4.47%
Operating Margin	-124.36%	-141.94%	-25.06%	-74.21%	-42.08%	-80.22%
Profit Margin	120.65%	174.44%	61.55%	-30.17%	2.20%	-38.21%
Free Cash Flow Margin	-790.49%	-811.94%	-83.73%	-229.41%	-83.85%	-1865.99%
EBITDA	-52.7	-50.4	-29.8	-48.6	-54.7	-58.2
EBITDA Margin	-122.27%	-140.00%	-24.49%	-73.30%	-41.47%	-78.86%
D&A For EBITDA	0.9	0.7	0.7	0.6	0.8	1
EBIT	-53.6	-51.1	-30.5	-49.2	-55.5	-59.2
EBIT Margin	-124.36%	-141.94%	-25.06%	-74.21%	-42.08%	-80.22%
Effective Tax Rate	0.57%	0.79%	1.06%	-	12.12%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.