Wing Tai Properties 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	968.8	1,031	882.4	4,097	3,423
Revenue Growth (YoY)	-6.04%	16.85%	-78.46%	19.68%	23.23%
Cost of Revenue	454.9	395.9	201.7	2,524	2,084
Gross Profit	513.9	635.2	680.7	1,573	1,340
Selling, General & Admin	377.6	421.2	376.4	504.4	476.5
Other Operating Expenses	-33.9	-24	-26.4	-23.1	-12.9
Operating Expenses	343.7	397.2	350	481.3	463.6
Operating Income	170.2	238	330.7	1,091	876
Interest Expense	-140.9	-208.9	-204	-116.8	-112.7
Interest & Investment Income	112.4	158.1	140	34.1	13.6
Earnings From Equity Investments	-47.7	-570.5	-243.1	-47.6	244.7
Currency Exchange Gain (Loss)	3.2	-11.8	-16.6	-1	0.6
Other Non Operating Income (Expenses)	65.6	-54.7	-45.9	275.5	86
EBT Excluding Unusual Items	162.8	-449.8	-38.9	1,236	1,108
Gain (Loss) on Sale of Investments	7.9	-70.6	-23.8	-89.7	461.3
Gain (Loss) on Sale of Assets	41.6	-	41.2	0.6	-
Asset Writedown	-1,881	-2,001	-750.1	-1,303	-527.4
Other Unusual Items	8.6	-	3	4.8	3.3
Pretax Income	-1,660	-2,522	-768.6	-152	1,045
Income Tax Expense	32.2	54.4	43.8	171.9	127.8
Earnings From Continuing Operations	-1,693	-2,576	-812.4	-323.9	917.6
Minority Interest in Earnings	46	82.8	-12.2	-151.8	2.3
Net Income	-1,647	-2,493	-824.6	-475.7	919.9
Preferred Dividends & Other Adjustments	67.2	66.3	65.8	64.3	65.5
Net Income to Common	-1,714	-2,560	-890.4	-540	854.4
Shares Outstanding (Basic)	1,365	1,357	1,357	1,356	1,355
Shares Outstanding (Diluted)	1,365	1,357	1,357	1,356	1,355
Shares Change (YoY)	0.56%	0.01%	0.09%	0.09%	0.00%
EPS (Basic)	-1.26	-1.89	-0.66	-0.40	0.63
EPS (Diluted)	-1.26	-1.89	-0.66	-0.40	0.63
Free Cash Flow	-	-246.1	506.4	563	-1,334
Free Cash Flow Per Share	-	-0.18	0.37	0.41	-0.98
Dividend Per Share	0.070	0.070	0.140	0.270	0.270
Dividend Growth	-	-50.00%	-48.15%	-	-
Gross Margin	53.04%	61.60%	77.14%	38.39%	39.13%
Operating Margin	17.57%	23.08%	37.48%	26.64%	25.59%
Profit Margin	-176.89%	-248.23%	-100.91%	-13.18%	24.96%
Free Cash Flow Margin	-	-23.87%	57.39%	13.74%	-38.97%
EBITDA	176.5	244.3	335.1	1,100	892.7
EBITDA Margin	18.22%	23.69%	37.98%	26.85%	26.08%
D&A For EBITDA	6.3	6.3	4.4	8.7	16.7
EBIT	170.2	238	330.7	1,091	876
EBIT Margin	17.57%	23.08%	37.48%	26.64%	25.59%
Effective Tax Rate	-	-	-	-	12.22%

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