HKG:0355 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	3,792	2,744	2,810	4,005	4,019
Revenue Growth (YoY)	38.17%	-2.34%	-29.84%	-0.34%	176.07%
Cost of Revenue	2,624	1,787	1,682	2,279	2,524
Gross Profit	1,168	956.9	1,129	1,726	1,495
Selling, General & Admin	656.9	492.8	524.5	600.4	624.1
Other Operating Expenses	-40.5	-67.7	-18.6	-13.1	-7.7
Operating Expenses	1,328	1,156	1,257	1,349	1,292
Operating Income	-160.1	-198.8	-128.7	377.1	202.5
Interest Expense	-965.1	-1,273	-1,217	-597	-354.2
Interest & Investment Income	-	81.2	60	39.7	60.1
Earnings From Equity Investments	36.2	-16.1	-5.2	-11	11.6
Other Non Operating Income (Expenses)	-17.7	-93.7	-6	-4.9	-8.9
EBT Excluding Unusual Items	-1,107	-1,501	-1,297	-196.1	-88.9
Merger & Restructuring Charges	-	-	-0.3	-	-
Impairment of Goodwill	-1	-	-	-	-261
Gain (Loss) on Sale of Investments	-10.6	-155.9	-180.1	-57.9	-161.9
Gain (Loss) on Sale of Assets	-428.5	-128.7	-153.5	-26.1	67.6
Asset Writedown	-245.4	-585.5	-68.3	-28.9	0.6
Other Unusual Items	-	-	-	23.7	-
Pretax Income	-1,792	-2,371	-1,699	-285.3	-443.6
Income Tax Expense	-9.5	72.9	-14.4	114.2	201.4
Earnings From Continuing Operations	-1,783	-2,444	-1,685	-399.5	-645
Minority Interest in Earnings	1,050	1,418	1,014	240.8	348.2
Net Income	-732.5	-1,026	-670.4	-158.7	-296.8
Preferred Dividends & Other Adjustments	-	47.8	48	49.2	48.8
Net Income to Common	-732.5	-1,073	-718.4	-207.9	-345.6
Shares Outstanding (Basic)	2,898	3,093	3,093	3,094	3,161
Shares Outstanding (Diluted)	2,898	3,093	3,093	3,094	3,161
Shares Change (YoY)	-6.31%	-	-0.03%	-2.12%	-1.34%
EPS (Basic)	-0.25	-0.35	-0.23	-0.07	-0.11
EPS (Diluted)	-0.25	-0.35	-0.23	-0.07	-0.11
Free Cash Flow	-	350.8	562.9	662.1	173.9
Free Cash Flow Per Share	-	0.11	0.18	0.21	0.06
Gross Margin	30.79%	34.87%	40.16%	43.10%	37.19%
Operating Margin	-4.22%	-7.24%	-4.58%	9.41%	5.04%
Profit Margin	-19.32%	-39.12%	-25.56%	-5.19%	-8.60%
Free Cash Flow Margin	-	12.78%	20.03%	16.53%	4.33%
EBITDA	204.8	166.1	254.9	769	552.7
EBITDA Margin	5.40%	6.05%	9.07%	19.20%	13.75%
D&A For EBITDA	364.9	364.9	383.6	391.9	350.2
EBIT	-160.1	-198.8	-128.7	377.1	202.5
EBIT Margin	-4.22%	-7.24%	-4.58%	9.41%	5.04%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.