Guangdong Land Holdings 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	8,571	6,759	3,877	1,378	6,006
Revenue Growth (YoY)	26.81%	74.33%	181.44%	-77.06%	50.15%
Cost of Revenue	7,326	7,043	5,914	828.14	2,537
Gross Profit	1,245	-283.41	-2,036	549.56	3,469
Selling, General & Admin	344.03	488.47	630.37	562.49	858.65
Other Operating Expenses	-14.24	-22.69	-17.03	-13.23	-13.23
Operating Expenses	329.79	465.79	613.34	549.26	845.42
Operating Income	915.43	-749.2	-2,650	0.3	2,624
Interest Expense	-419.73	-387.79	-307.09	-206.93	-120
Interest & Investment Income	17.88	41	77.07	22.1	35.69
Currency Exchange Gain (Loss)	-3.24	-5.02	-8.55	-8.29	4.38
Other Non Operating Income (Expenses)	-0.31	-0.82	-2.66	-2.43	-2.18
EBT Excluding Unusual Items	510.03	-1,102	-2,891	-195.26	2,542
Gain (Loss) on Sale of Assets	-2.29	0.7	168.59	102.27	-1.39
Asset Writedown	-520.82	-44.94	230.12	762.82	405.58
Pretax Income	-13.09	-1,146	-2,492	669.83	2,946
Income Tax Expense	628.78	350.73	156.75	264.85	1,569
Earnings From Continuing Operations	-641.86	-1,497	-2,649	404.97	1,377
Minority Interest in Earnings	51.61	113.82	204.14	-12.29	24.9
Net Income	-590.25	-1,383	-2,445	392.69	1,402
Net Income to Common	-590.25	-1,383	-2,445	392.69	1,402
Net Income Growth	-	-	-	-72.00%	-16.63%
Shares Outstanding (Basic)	1,712	1,712	1,712	1,712	1,712
Shares Outstanding (Diluted)	1,712	1,712	1,712	1,712	1,712
EPS (Basic)	-0.34	-0.81	-1.43	0.23	0.82
EPS (Diluted)	-0.34	-0.81	-1.43	0.23	0.82
EPS Growth	-	-	-	-72.00%	-16.63%
Free Cash Flow	-	1,930	3,566	-6,686	-9,667
Free Cash Flow Per Share	-	1.13	2.08	-3.91	-5.65
Dividend Per Share	-	-	0.030	0.110	0.100
Dividend Growth	-	-	-72.73%	10.00%	553.60%
Gross Margin	14.53%	-4.19%	-52.52%	39.89%	57.76%
Operating Margin	10.68%	-11.08%	-68.34%	0.02%	43.69%
Profit Margin	-6.89%	-20.46%	-63.06%	28.50%	23.35%
Free Cash Flow Margin	-	28.55%	91.96%	-485.32%	-160.95%
EBITDA	930.11	-734.52	-2,642	5.27	2,629
EBITDA Margin	10.85%	-10.87%	-68.14%	0.38%	43.78%
D&A For EBITDA	14.68	14.68	7.72	4.98	5.45
EBIT	915.43	-749.2	-2,650	0.3	2,624
EBIT Margin	10.68%	-11.08%	-68.34%	0.02%	43.69%
Effective Tax Rate	-	-	-	39.54%	53.25%

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