CCT Fortis 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	606	530	765	812	731
Revenue Growth (YoY)	14.34%	-30.72%	-5.79%	11.08%	44.75%
Cost of Revenue	508	414	593	709	610
Gross Profit	98	116	172	103	121
Selling, General & Admin	209	265	284	273	247
Other Operating Expenses	2	25	2	276	5
Operating Expenses	211	292	395	549	252
Operating Income	-113	-176	-223	-446	-131
Interest Expense	-127	-116	-124	-78	-64
Interest & Investment Income	7	7	8	-	-
Earnings From Equity Investments	-	3	4	-	-1
Other Non Operating Income (Expenses)	18	10	-142	30	13
EBT Excluding Unusual Items	-215	-272	-477	-494	-183
Impairment of Goodwill	-	-	-	-	-63
Gain (Loss) on Sale of Investments	-36	-	-2	35	-284
Gain (Loss) on Sale of Assets	-79	-100	19	8	3
Asset Writedown	-1	-17	-88	-126	6
Legal Settlements	-	-	-	93	-
Other Unusual Items	-4	-10	-27	17	-
Pretax Income	-335	-399	-575	-467	-521
Income Tax Expense	-15	-	-	-	-
Earnings From Continuing Operations	-320	-399	-575	-467	-521
Earnings From Discontinued Operations	-7	3	-	-	-
Net Income to Company	-327	-396	-575	-467	-521
Minority Interest in Earnings	-	-	-2	2	4
Net Income	-327	-396	-577	-465	-517
Net Income to Common	-327	-396	-577	-465	-517
Shares Outstanding (Basic)	160	160	133	87	87
Shares Outstanding (Diluted)	160	160	133	87	87
Shares Change (YoY)	-0.23%	20.38%	52.55%	-	-
EPS (Basic)	-2.04	-2.47	-4.33	-5.33	-5.92
EPS (Diluted)	-2.04	-2.47	-4.33	-5.33	-5.92
Free Cash Flow	-263	-145	-72	-20	-65
Free Cash Flow Per Share	-1.64	-0.90	-0.54	-0.23	-0.74
Gross Margin	16.17%	21.89%	22.48%	12.68%	16.55%
Operating Margin	-18.65%	-33.21%	-29.15%	-54.93%	-17.92%
Profit Margin	-53.96%	-74.72%	-75.42%	-57.27%	-70.73%
Free Cash Flow Margin	-43.40%	-27.36%	-9.41%	-2.46%	-8.89%
EBITDA	-34	-78	-188	-413	-85
EBITDA Margin	-5.61%	-14.72%	-24.57%	-50.86%	-11.63%
D&A For EBITDA	79	98	35	33	46
EBIT	-113	-176	-223	-446	-131
EBIT Margin	-18.65%	-33.21%	-29.15%	-54.93%	-17.92%

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