HKG:0173 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	1,985	7,187	6,103	8,794	16,218
Revenue Growth (YoY)	-72.38%	17.77%	-30.60%	-45.78%	38.23%
Cost of Revenue	1,980	5,827	4,085	6,126	10,657
Gross Profit	4.54	1,360	2,018	2,668	5,561
Selling, General & Admin	452.71	552.62	608.64	573.69	658.56
Other Operating Expenses	-253.92	143.73	218.04	348.88	715.41
Operating Expenses	198.79	696.35	826.68	922.56	1,374
Operating Income	-194.25	663.65	1,191	1,746	4,187
Interest Expense	-365.07	-442.04	-349.47	-61.03	-36.12
Interest & Investment Income	-	430.11	344.95	378.02	187.32
Earnings From Equity Investments	-504.65	10.9	123.69	-58.9	10.04
Currency Exchange Gain (Loss)	-	28.1	-18.78	10.27	17.77
Other Non Operating Income (Expenses)	50.14	50.59	146.5	128.4	-3.29
EBT Excluding Unusual Items	-1,014	741.31	1,438	2,142	4,363
Gain (Loss) on Sale of Investments	-	17.64	16.26	10.55	23.34
Asset Writedown	524.68	-52.6	34.31	-84.78	703.94
Pretax Income	-489.14	706.35	1,489	2,068	5,090
Income Tax Expense	373.79	337.26	646.7	641.56	1,651
Earnings From Continuing Operations	-862.93	369.09	842.23	1,426	3,439
Minority Interest in Earnings	-6.33	-34.02	-40.07	-54.1	-84.42
Net Income	-869.26	335.07	802.16	1,372	3,355
Net Income to Common	-869.26	335.07	802.16	1,372	3,355
Net Income Growth	-	-58.23%	-41.55%	-59.09%	2.65%
Shares Outstanding (Basic)	3,153	3,153	3,133	3,133	3,128
Shares Outstanding (Diluted)	3,153	3,153	3,133	3,133	3,130
Shares Change (YoY)	-	0.63%	0.01%	0.07%	0.09%
EPS (Basic)	-0.28	0.11	0.26	0.44	1.07
EPS (Diluted)	-0.28	0.11	0.26	0.44	1.07
EPS Growth	-	-58.48%	-41.56%	-59.12%	2.56%
Free Cash Flow	-	3,271	676.98	4,552	7,404
Free Cash Flow Per Share	-	1.04	0.22	1.45	2.37
Dividend Per Share	0.030	0.090	0.160	0.210	0.210
Dividend Growth	-66.67%	-43.75%	-23.81%	-	-
Gross Margin	0.23%	18.92%	33.07%	30.34%	34.29%
Operating Margin	-9.79%	9.23%	19.52%	19.85%	25.82%
Profit Margin	-43.79%	4.66%	13.14%	15.61%	20.69%
Free Cash Flow Margin	-	45.51%	11.09%	51.76%	45.65%
EBITDA	-164.46	693.44	1,218	1,771	4,214
EBITDA Margin	-8.29%	9.65%	19.95%	20.14%	25.98%
D&A For EBITDA	29.79	29.79	26.14	25.54	26.95
EBIT	-194.25	663.65	1,191	1,746	4,187
EBIT Margin	-9.79%	9.23%	19.52%	19.85%	25.82%
Effective Tax Rate	-	47.75%	43.43%	31.02%	32.43%

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