HKG:0256 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
Operating Revenue	815.5	1,080	1,370	1,506	1,901
Other Revenue	487.34	504.92	358.91	151.33	136.87
Revenue	1,303	1,585	1,729	1,657	2,037
Revenue Growth (YoY)	-17.82%	-8.30%	4.33%	-18.67%	9.29%
Cost of Revenue	390.13	558.83	540.91	636.81	809.15
Gross Profit	912.71	1,027	1,188	1,020	1,228
Selling, General & Admin	803.68	974.57	1,044	1,075	1,234
Operating Expenses	803.68	974.57	1,044	1,075	1,234
Operating Income	109.03	51.98	143.85	-54.75	-5.67
Interest Expense	-271.06	-280.67	-151.16	-88.16	-111.37
Interest & Investment Income	2.51	8.97	11.38	11.12	13.47
Earnings From Equity Investments	18.21	3.31	13.85	16.71	0.24
Currency Exchange Gain (Loss)	6.28	5.91	7.58	3.22	-19.67
Other Non Operating Income (Expenses)	4.73	1.72	6.8	17.84	25.61
EBT Excluding Unusual Items	-130.31	-208.78	32.3	-94.02	-97.4
Impairment of Goodwill	-125.41	-115.92	-13.39	-	-
Gain (Loss) on Sale of Investments	35.3	69.91	66.68	0.48	2.29
Gain (Loss) on Sale of Assets	2.43	1.53	3.55	-7.02	0.46
Asset Writedown	-4.83	-7.53	-1.22	-9.56	12.74
Legal Settlements	-3.3	0.22	-4.12	-0.01	-0.02
Other Unusual Items	0.57	0.52	-	-0.15	7.66
Pretax Income	-225.57	-260.05	83.8	-110.28	-74.27
Income Tax Expense	14.37	21.61	20.54	9.16	31.1
Earnings From Continuing Operations	-239.94	-281.65	63.26	-119.44	-105.38
Minority Interest in Earnings	27.34	27.58	-18.16	8.39	4.47
Net Income	-212.6	-254.07	45.1	-111.05	-100.91
Net Income to Common	-212.6	-254.07	45.1	-111.05	-100.91
Shares Outstanding (Basic)	4,352	4,352	4,352	4,352	4,352
Shares Outstanding (Diluted)	4,352	4,352	4,352	4,352	4,352
EPS (Basic)	-0.05	-0.06	0.01	-0.03	-0.02
EPS (Diluted)	-0.05	-0.06	0.01	-0.03	-0.02
Free Cash Flow	-	435.8	-216.06	-2,051	1,792
Free Cash Flow Per Share	-	0.10	-0.05	-0.47	0.41
Gross Margin	70.06%	64.75%	68.71%	61.57%	60.28%
Operating Margin	8.37%	3.28%	8.32%	-3.30%	-0.28%
Profit Margin	-16.32%	-16.03%	2.61%	-6.70%	-4.95%
Free Cash Flow Margin	-	27.49%	-12.50%	-123.78%	87.95%
EBITDA	172.85	115.8	205.63	6.92	70.4
EBITDA Margin	13.27%	7.30%	11.89%	0.42%	3.45%
D&A For EBITDA	63.83	63.83	61.78	61.67	76.07
EBIT	109.03	51.98	143.85	-54.75	-5.67
EBIT Margin	8.37%	3.28%	8.32%	-3.30%	-0.28%
Effective Tax Rate	-	-	24.51%	-	-
Advertising Expenses	31.16	41.46	54.73	82.83	92.01

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