PAX Global Technology 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	5,873	6,045	6,709	8,063	7,196
Revenue Growth (YoY)	-2.85%	-9.90%	-16.79%	12.04%	27.35%
Cost of Revenue	3,313	3,191	3,715	4,757	4,369
Gross Profit	2,560	2,853	2,994	3,306	2,827
Selling, General & Admin	1,729	2,090	1,846	1,943	1,674
Other Operating Expenses	-93.98	-64.71	-58.39	-36.33	-58.28
Operating Expenses	1,641	2,019	1,789	1,903	1,638
Operating Income	918.64	834.64	1,205	1,403	1,189
Interest Expense	-3.97	-	-	-5.65	-6.66
Interest & Investment Income	16.83	20.66	36.73	28.58	38.04
Earnings From Equity Investments	-1.9	10.64	4.97	7.42	3.45
Other Non Operating Income (Expenses)	-	-5.56	-5.38	-	-0.32
EBT Excluding Unusual Items	929.6	860.38	1,241	1,433	1,224
Gain (Loss) on Sale of Investments	-17.97	-3.7	-2.97	-2.18	50.46
Gain (Loss) on Sale of Assets	-	-	15.59	-	-
Other Unusual Items	-1.7	4.56	-	-	-
Pretax Income	909.93	861.25	1,254	1,431	1,274
Income Tax Expense	153.71	140.32	88.86	162.91	182.21
Earnings From Continuing Operations	756.22	720.92	1,165	1,268	1,092
Minority Interest in Earnings	-2.63	-7.5	-9.94	-3.53	-8.47
Net Income	753.59	713.43	1,155	1,265	1,084
Net Income to Common	753.59	713.43	1,155	1,265	1,084
Net Income Growth	5.63%	-38.24%	-8.66%	16.69%	20.40%
Shares Outstanding (Basic)	1,060	1,066	1,075	1,081	1,096
Shares Outstanding (Diluted)	1,077	1,085	1,099	1,108	1,132
Shares Change (YoY)	-0.71%	-1.35%	-0.78%	-2.15%	3.58%
EPS (Basic)	0.71	0.67	1.07	1.17	0.99
EPS (Diluted)	0.70	0.66	1.05	1.14	0.96
EPS Growth	6.38%	-37.39%	-7.89%	19.23%	16.28%
Free Cash Flow	-	1,036	277.02	317.92	2.79
Free Cash Flow Per Share	-	0.95	0.25	0.29	0.00
Dividend Per Share	0.250	0.490	0.440	0.360	0.270
Dividend Growth	-48.98%	11.36%	22.22%	33.33%	58.82%
Gross Margin	43.59%	47.20%	44.62%	41.01%	39.29%
Operating Margin	15.64%	13.81%	17.96%	17.40%	16.53%
Profit Margin	12.83%	11.80%	17.22%	15.68%	15.06%
Free Cash Flow Margin	-	17.14%	4.13%	3.94%	0.04%
EBITDA	987.57	903.57	1,237	1,426	1,214
EBITDA Margin	16.82%	14.95%	18.43%	17.69%	16.87%
D&A For EBITDA	68.93	68.93	31.5	23.43	24.52
EBIT	918.64	834.64	1,205	1,403	1,189
EBIT Margin	15.64%	13.81%	17.96%	17.40%	16.53%
Effective Tax Rate	16.89%	16.29%	7.09%	11.38%	14.30%

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