Tern Properties Company Limited (HKG:0277)

Tern Properties Company Income Statement

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

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

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