CCT Fortis Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	516	578	765	812	731	505
Revenue Growth (YoY)	-19.75%	-24.44%	-5.79%	11.08%	44.75%	-49.80%
Cost of Revenue	404	446	593	709	610	451
Gross Profit	112	132	172	103	121	54
Selling, General & Admin	248	278	284	273	247	229
Other Operating Expenses	21	21	2	276	5	14
Operating Expenses	271	301	395	549	252	243
Operating Income	-159	-169	-223	-446	-131	-189
Interest Expense	-116	-116	-124	-78	-64	-76
Interest & Investment Income	7	7	8	-	-	-
Earnings From Equity Investments	1	3	4	-	-1	-15
Other Non Operating Income (Expenses)	-43	10	-142	30	13	25
EBT Excluding Unusual Items	-310	-265	-477	-494	-183	-255
Impairment of Goodwill	-	-	-	-	-63	-9
Gain (Loss) on Sale of Investments	-4	-4	-2	35	-284	-346
Gain (Loss) on Sale of Assets	-100	-100	19	8	3	-
Asset Writedown	-17	-17	-88	-126	6	-92
Legal Settlements	-	-	-	93	-	-
Other Unusual Items	-10	-10	-27	17	-	4
Pretax Income	-441	-396	-575	-467	-521	-698
Income Tax Expense	-1	-	-	-	-	-5
Earnings From Continuing Operations	-440	-396	-575	-467	-521	-693
Earnings From Discontinued Operations	-	-	-	-	-	-3
Net Income to Company	-440	-396	-575	-467	-521	-696
Minority Interest in Earnings	-	-	-2	2	4	7
Net Income	-440	-396	-577	-465	-517	-689
Net Income to Common	-440	-396	-577	-465	-517	-689
Shares Outstanding (Basic)	160	160	133	87	87	87
Shares Outstanding (Diluted)	160	160	133	87	87	87
Shares Change (YoY)	-0.35%	20.38%	52.55%	-	-	-0.06%
EPS (Basic)	-2.75	-2.47	-4.33	-5.33	-5.92	-7.89
EPS (Diluted)	-2.78	-2.50	-4.33	-5.33	-5.92	-7.93
Free Cash Flow	-223	-145	-72	-20	-65	-80
Free Cash Flow Per Share	-1.39	-0.90	-0.54	-0.23	-0.74	-0.92
Gross Margin	21.70%	22.84%	22.48%	12.68%	16.55%	10.69%
Operating Margin	-30.81%	-29.24%	-29.15%	-54.93%	-17.92%	-37.43%
Profit Margin	-85.27%	-68.51%	-75.42%	-57.27%	-70.73%	-136.44%
Free Cash Flow Margin	-43.22%	-25.09%	-9.41%	-2.46%	-8.89%	-15.84%
EBITDA	-117	-118	-188	-413	-85	-150
EBITDA Margin	-22.67%	-20.41%	-24.57%	-50.86%	-11.63%	-29.70%
D&A For EBITDA	42	51	35	33	46	39
EBIT	-159	-169	-223	-446	-131	-189
EBIT Margin	-30.81%	-29.24%	-29.15%	-54.93%	-17.92%	-37.43%

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