HKG:0115 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	242.61	236.37	264.52	139.29	543.28
Revenue Growth (YoY)	2.64%	-10.64%	89.91%	-74.36%	-52.40%
Cost of Revenue	222.45	310.82	194.8	224.61	503.05
Gross Profit	20.16	-74.45	69.71	-85.32	40.23
Selling, General & Admin	59.77	70.32	71.32	84.52	115.81
Other Operating Expenses	149.42	0.61	0.97	0.26	22.14
Operating Expenses	209.19	70.93	72.29	84.79	137.95
Operating Income	-189.03	-145.38	-2.57	-170.11	-97.72
Interest Expense	-33.71	-42.2	-46.89	-50.98	-50.8
Interest & Investment Income	0.07	0.79	0.49	1.34	1.48
Earnings From Equity Investments	-0.19	-1.28	-0.57	-0.59	-0.11
Currency Exchange Gain (Loss)	-	0.01	-0.01	-0.1	-
EBT Excluding Unusual Items	-222.86	-188.06	-49.55	-220.44	-147.15
Impairment of Goodwill	-	-	-	-36.77	-
Gain (Loss) on Sale of Assets	-	-0.02	-0.11	-	-
Asset Writedown	-	-158.81	42.4	-380.48	-264.04
Legal Settlements	-	-34.27	-0.73	-49.18	-
Other Unusual Items	5.8	-19.47	-6.66	2.94	-5.2
Pretax Income	-217.06	-400.63	-14.64	-683.94	-416.38
Income Tax Expense	-27.11	-14.02	58.58	-90.23	-38.43
Earnings From Continuing Operations	-189.95	-386.61	-73.22	-593.71	-377.95
Minority Interest in Earnings	107.89	135.26	26.19	201.07	153.68
Net Income	-82.07	-251.34	-47.03	-392.65	-224.27
Net Income to Common	-82.07	-251.34	-47.03	-392.65	-224.27
Shares Outstanding (Basic)	15	12	12	12	12
Shares Outstanding (Diluted)	15	12	12	12	12
Shares Change (YoY)	20.25%	-	0.00%	-	-27.16%
EPS (Basic)	-5.57	-20.52	-3.84	-32.06	-18.31
EPS (Diluted)	-5.57	-20.52	-3.84	-32.06	-18.32
Free Cash Flow	-	61.48	15.27	-73.12	139.63
Free Cash Flow Per Share	-	5.02	1.25	-5.97	11.40
Gross Margin	8.31%	-31.50%	26.36%	-61.26%	7.41%
Operating Margin	-77.91%	-61.50%	-0.97%	-122.13%	-17.99%
Profit Margin	-33.83%	-106.33%	-17.78%	-281.90%	-41.28%
Free Cash Flow Margin	-	26.01%	5.77%	-52.50%	25.70%
EBITDA	-176.04	-132.4	10.99	-155.88	-90.06
EBITDA Margin	-72.56%	-56.01%	4.16%	-111.91%	-16.58%
D&A For EBITDA	12.98	12.98	13.57	14.23	7.65
EBIT	-189.03	-145.38	-2.57	-170.11	-97.72
EBIT Margin	-77.91%	-61.50%	-0.97%	-122.13%	-17.99%

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