Tern Properties Company Income Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Rental Revenue	47.99	50.4	56.03	51.88	57.13	64.49
Other Revenue	0.4	-2.49	3.78	-8.82	-10.17	-13.39
Total Revenue	48.38	47.91	59.81	43.05	46.96	51.1
Revenue Growth (YoY	-12.12%	-19.89%	38.92%	-8.32%	-8.11%	141.03%
Property Expenses	5.08	5.23	4.92	2.26	1.85	1.48
Selling, General & Administrative	37.2	34.99	37.22	34.17	33.83	32.45
Other Operating Expenses	-7.26	-4.9	-5.81	-4.13	-3.77	-5.16
Total Operating Expenses	37.13	37.22	38.86	34.04	36.5	30.1
Operating Income	11.25	10.69	20.95	9.01	10.46	21
Interest Expense	-1.07	-1.3	-1.47	-1.15	-2.28	-4.43
Interest & Investment Income	18.89	19.51	19.72	20.25	29.29	36.11
Currency Exchange Gain (Loss)	-1.34	-1.34	-2.42	0.52	2.04	1.34
Other Non-Operating Income	-	-	-	-	-	-0.06
EBT Excluding Unusual Items	27.73	27.56	36.78	28.63	39.5	53.97
Gain (Loss) on Sale of Investments	15	14.42	11.86	-19.95	-26.72	2.02
Gain (Loss) on Sale of Assets	-	-	0.18	-	-	-
Asset Writedown	-21.41	-91.14	-54.44	-79.61	-62.83	-182.85
Other Unusual Items	-	-	-	-	0.01	-
Pretax Income	21.32	-49.16	-5.63	-70.92	-50.03	-126.87
Income Tax Expense	5.41	5.3	4.17	4.28	5.05	7.36
Net Income	15.91	-54.46	-9.8	-75.2	-55.08	-134.23
Net Income to Common	15.91	-54.46	-9.8	-75.2	-55.08	-134.23
Basic Shares Outstanding	277	277	277	277	277	277
Diluted Shares Outstanding	277	277	277	277	277	277
Shares Change (YoY)	-	-	-	-	-	-3.57%
EPS (Basic)	0.06	-0.20	-0.04	-0.27	-0.20	-0.48
EPS (Diluted)	0.06	-0.20	-0.04	-0.27	-0.20	-0.48
Dividend Per Share	0.017	0.017	0.017	0.017	0.027	0.036
Dividend Growth	-	-	-	-37.04%	-25.00%	-20.00%
Operating Margin	23.25%	22.31%	35.03%	20.94%	22.28%	41.10%
Profit Margin	32.89%	-113.67%	-16.38%	-174.68%	-117.30%	-262.66%
EBITDA	11.63	11.08	21.42	9.82	11.66	22.25
EBITDA Margin	24.05%	23.13%	35.80%	22.81%	24.83%	43.53%
D&A For Ebitda	0.38	0.39	0.47	0.81	1.2	1.24
EBIT	11.25	10.69	20.95	9.01	10.46	21
EBIT Margin	23.25%	22.31%	35.03%	20.94%	22.28%	41.10%
Effective Tax Rate	25.37%	-	-	-	-	-

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