HKG:0120 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	32.8	368.9	77.3	1,016	1,639
Revenue Growth (YoY)	-91.11%	377.23%	-92.39%	-38.03%	2254.74%
Cost of Revenue	26.5	457.9	129.7	666.5	1,030
Gross Profit	6.3	-89	-52.4	349.2	608.5
Selling, General & Admin	50.8	58.2	67.1	95.6	98.1
Other Operating Expenses	-2.1	-6.5	-3.6	-2.7	-0.8
Operating Expenses	49.3	52.6	64.8	94.3	99.5
Operating Income	-43	-141.6	-117.2	254.9	509
Interest Expense	-70.8	-80.7	-80.3	-56.4	-54
Interest & Investment Income	-	0.9	0.2	0.7	3.3
EBT Excluding Unusual Items	-113.8	-221.4	-197.3	199.2	458.3
Impairment of Goodwill	-	-	-	-41.6	-193.5
Gain (Loss) on Sale of Investments	-0.4	4.2	-19.1	-1.5	1.5
Gain (Loss) on Sale of Assets	-393.4	-	-1	-5.6	-
Asset Writedown	-1.2	-149.5	-110.8	-4.6	1.4
Other Unusual Items	-	-	-	0.1	-
Pretax Income	-508.8	-366.7	-328.2	146	267.7
Income Tax Expense	-55.6	86.4	44.1	142	234.1
Earnings From Continuing Operations	-453.2	-453.1	-372.3	4	33.6
Net Income to Company	-453.2	-453.1	-372.3	4	33.6
Minority Interest in Earnings	0.1	-	-	-	-
Net Income	-453.1	-453.1	-372.3	4	33.6
Net Income to Common	-453.1	-453.1	-372.3	4	33.6
Net Income Growth	-	-	-	-88.09%	-
Shares Outstanding (Basic)	1,533	1,469	1,151	1,124	2,515
Shares Outstanding (Diluted)	1,533	1,469	1,151	1,124	2,515
Shares Change (YoY)	4.33%	27.69%	2.35%	-55.30%	11.81%
EPS (Basic)	-0.30	-0.31	-0.32	0.00	0.01
EPS (Diluted)	-0.30	-0.31	-0.32	0.00	0.01
EPS Growth	-	-	-	-73.37%	-
Free Cash Flow	-	-238.3	-449.9	-443.9	-39.8
Free Cash Flow Per Share	-	-0.16	-0.39	-0.40	-0.02
Gross Margin	19.21%	-24.13%	-67.79%	34.38%	37.13%
Operating Margin	-131.10%	-38.38%	-151.62%	25.10%	31.06%
Profit Margin	-1381.40%	-122.83%	-481.63%	0.39%	2.05%
Free Cash Flow Margin	-	-64.60%	-582.02%	-43.70%	-2.43%
EBITDA	-42.3	-140.9	-116.4	255.8	510.7
EBITDA Margin	-128.96%	-38.20%	-150.58%	25.19%	31.16%
D&A For EBITDA	0.7	0.7	0.8	0.9	1.7
EBIT	-43	-141.6	-117.2	254.9	509
EBIT Margin	-131.10%	-38.38%	-151.62%	25.10%	31.06%
Effective Tax Rate	-	-	-	97.26%	87.45%

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