Kingboard 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	45,375	43,093	39,712	49,376	56,755
Revenue Growth (YoY)	5.29%	8.51%	-19.57%	-13.00%	30.44%
Cost of Revenue	37,449	34,601	32,120	37,003	37,934
Gross Profit	7,926	8,493	7,592	12,373	18,822
Selling, General & Admin	3,748	3,439	3,506	3,743	3,725
Operating Expenses	3,748	3,439	3,506	3,743	3,725
Operating Income	4,178	5,053	4,086	8,630	15,096
Interest Expense	-802.93	-1,116	-1,124	-504.27	-275.48
Interest & Investment Income	43.98	68.75	268.66	239.87	92.89
Earnings From Equity Investments	102.16	123.76	176	263.13	261.7
Other Non Operating Income (Expenses)	201.94	104.77	80.76	110.26	33.39
EBT Excluding Unusual Items	3,723	4,234	3,487	8,739	15,209
Gain (Loss) on Sale of Investments	2,625	-38.9	340.85	-108.24	327.12
Gain (Loss) on Sale of Assets	15.38	-17.24	-30.48	-127.41	26.38
Asset Writedown	-659.13	-32.33	-113.43	-147.56	14.39
Other Unusual Items	-	-1,424	-896.19	-1,579	-
Pretax Income	5,704	2,722	2,788	6,777	15,577
Income Tax Expense	597.99	618.66	443.61	2,589	3,023
Earnings From Continuing Operations	5,106	2,103	2,344	4,189	12,554
Minority Interest in Earnings	-704.51	-473	-281.13	-533.33	-1,776
Net Income	4,402	1,630	2,063	3,655	10,778
Net Income to Common	4,402	1,630	2,063	3,655	10,778
Net Income Growth	169.98%	-20.97%	-43.56%	-66.09%	129.18%
Shares Outstanding (Basic)	1,108	1,108	1,108	1,109	1,108
Shares Outstanding (Diluted)	1,110	1,108	1,108	1,109	1,108
Shares Change (YoY)	0.17%	-0.01%	-0.03%	0.04%	0.21%
EPS (Basic)	3.97	1.47	1.86	3.30	9.73
EPS (Diluted)	3.96	1.47	1.86	3.30	9.72
EPS Growth	169.54%	-20.96%	-43.55%	-66.10%	128.69%
Free Cash Flow	-	1,688	1,291	5,542	5,728
Free Cash Flow Per Share	-	1.52	1.17	5.00	5.17
Dividend Per Share	1.800	0.940	0.520	1.050	3.000
Dividend Growth	91.49%	80.77%	-50.48%	-65.00%	134.38%
Gross Margin	17.47%	19.71%	19.12%	25.06%	33.16%
Operating Margin	9.21%	11.73%	10.29%	17.48%	26.60%
Profit Margin	9.70%	3.78%	5.20%	7.40%	18.99%
Free Cash Flow Margin	-	3.92%	3.25%	11.22%	10.09%
EBITDA	6,118	6,993	6,023	10,475	16,996
EBITDA Margin	13.48%	16.23%	15.17%	21.22%	29.95%
D&A For EBITDA	1,940	1,940	1,937	1,845	1,900
EBIT	4,178	5,053	4,086	8,630	15,096
EBIT Margin	9.21%	11.73%	10.29%	17.48%	26.60%
Effective Tax Rate	10.48%	22.73%	15.91%	38.20%	19.41%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.