The Sincere Company 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	134.19	131.29	146.15	146.52	168.07
Revenue Growth (YoY)	2.21%	-10.17%	-0.25%	-12.83%	-5.30%
Cost of Revenue	70.56	62.04	62.21	64.58	79.09
Gross Profit	63.63	69.25	83.93	81.94	88.98
Selling, General & Admin	110.92	116.65	117.31	135.61	155.46
Other Operating Expenses	-	-	-	-	3.43
Operating Expenses	110.92	116.65	117.31	135.61	158.89
Operating Income	-47.29	-47.4	-33.37	-53.67	-69.91
Interest Expense	-16.02	-23.1	-26.87	-27.77	-30.86
Interest & Investment Income	19.96	18.91	18.35	17.53	15.02
Currency Exchange Gain (Loss)	-0.06	-0.1	0.04	0.05	-0.05
Other Non Operating Income (Expenses)	-9.46	0.69	0.13	1.23	0.09
EBT Excluding Unusual Items	-52.86	-51	-41.72	-62.63	-85.71
Gain (Loss) on Sale of Investments	-0.71	-0.13	0.22	-1.32	-4.38
Gain (Loss) on Sale of Assets	0.12	30.59	0.22	-	0.01
Asset Writedown	-	-	-	-	-2.4
Legal Settlements	-9.96	-18.43	-10.33	-	-
Pretax Income	-63.41	-38.98	-51.6	-63.95	-92.49
Income Tax Expense	-0.02	0	0.01	0.02	0.02
Earnings From Continuing Operations	-63.39	-38.98	-51.61	-63.97	-92.51
Minority Interest in Earnings	-0.71	-1.16	1.14	3.21	1.45
Net Income	-64.1	-40.14	-50.48	-60.76	-91.06
Net Income to Common	-64.1	-40.14	-50.48	-60.76	-91.06
Shares Outstanding (Basic)	1,314	1,314	1,314	1,314	1,247
Shares Outstanding (Diluted)	1,314	1,314	1,314	1,314	1,247
Shares Change (YoY)	-	-	-	5.39%	18.34%
EPS (Basic)	-0.05	-0.03	-0.04	-0.05	-0.07
EPS (Diluted)	-0.05	-0.03	-0.04	-0.05	-0.07
Free Cash Flow	-	-55.63	-15.71	-43.61	-64.57
Free Cash Flow Per Share	-	-0.04	-0.01	-0.03	-0.05
Gross Margin	47.42%	52.74%	57.43%	55.93%	52.94%
Operating Margin	-35.24%	-36.10%	-22.83%	-36.63%	-41.60%
Profit Margin	-47.77%	-30.57%	-34.54%	-41.47%	-54.18%
Free Cash Flow Margin	-	-42.37%	-10.75%	-29.76%	-38.42%
EBITDA	-46.21	-46.32	-31.78	-52.44	-69.13
EBITDA Margin	-34.44%	-35.28%	-21.74%	-35.79%	-41.13%
D&A For EBITDA	1.08	1.08	1.6	1.23	0.78
EBIT	-47.29	-47.4	-33.37	-53.67	-69.91
EBIT Margin	-35.24%	-36.10%	-22.83%	-36.63%	-41.60%

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