Four Seas Mercantile Holdings Limited (HKG:0374)

HKG:0374 Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	3,680	3,625	3,898	4,151	4,730	4,580
Revenue Growth (YoY)	0.55%	-7.00%	-6.09%	-12.24%	3.28%	56.41%
Cost of Revenue	2,809	2,757	2,986	3,272	3,792	3,733
Gross Profit	870.88	868.29	912.19	879.31	937.56	846.37
Selling, General & Admin	795.83	793.99	806.86	826.66	883.51	802.45
Other Operating Expenses	10.87	10.21	13.25	16.73	15.06	7.64
Operating Expenses	806.69	804.2	820.11	843.39	898.57	810.09
Operating Income	64.19	64.09	92.08	35.92	38.99	36.29
Interest Expense	-56.23	-58.1	-48.65	-27.57	-23.82	-29
Interest & Investment Income	4.88	6.14	9.14	9.12	3.49	9.81
Earnings From Equity Investments	6.61	6.32	10.31	6.76	-3.64	11.66
Other Non Operating Income (Expenses)	10.17	10.6	10.7	21.28	12.77	13.43
EBT Excluding Unusual Items	29.6	29.04	73.58	45.52	27.79	42.19
Merger & Restructuring Charges	-	-	-	-	-0.19	-29.62
Gain (Loss) on Sale of Investments	-5.12	-0.54	-20.87	-11.03	-0.43	-7.1
Gain (Loss) on Sale of Assets	-2.07	-1.33	-2.2	-2.37	-2.78	-3.81
Asset Writedown	-2.72	-2.72	-3.57	-2.23	-1.83	-8.29
Other Unusual Items	-	-	-	0.08	22.67	62.77
Pretax Income	19.69	24.45	46.93	29.97	45.23	56.15
Income Tax Expense	17.99	15.66	13.64	-13.39	25.42	24.5
Earnings From Continuing Operations	1.7	8.79	33.3	43.36	19.81	31.65
Minority Interest in Earnings	1.08	1.38	1.36	-2.63	-7.18	-1.52
Net Income	2.78	10.16	34.66	40.73	12.63	30.13
Net Income to Common	2.78	10.16	34.66	40.73	12.63	30.13
Net Income Growth	-88.81%	-70.67%	-14.92%	222.40%	-58.06%	-
Shares Outstanding (Basic)	381	383	384	384	384	384
Shares Outstanding (Diluted)	381	383	384	384	384	384
Shares Change (YoY)	-0.83%	-0.30%	-0.01%	-0.00%	-	-
EPS (Basic)	0.01	0.03	0.09	0.11	0.03	0.08
EPS (Diluted)	0.01	0.03	0.09	0.11	0.03	0.08
EPS Growth	-88.71%	-70.58%	-14.91%	222.41%	-58.06%	-
Free Cash Flow	-81.55	-102.2	283.31	253.03	265.95	120.32
Free Cash Flow Per Share	-0.21	-0.27	0.74	0.66	0.69	0.31
Dividend Per Share	0.095	0.095	0.095	0.095	0.095	0.095
Gross Margin	23.67%	23.95%	23.40%	21.18%	19.82%	18.48%
Operating Margin	1.74%	1.77%	2.36%	0.86%	0.82%	0.79%
Profit Margin	0.08%	0.28%	0.89%	0.98%	0.27%	0.66%
Free Cash Flow Margin	-2.22%	-2.82%	7.27%	6.10%	5.62%	2.63%
EBITDA	127.9	138.74	171.66	116.06	125.76	119.38
EBITDA Margin	3.48%	3.83%	4.40%	2.80%	2.66%	2.61%
D&A For EBITDA	63.72	74.65	79.58	80.14	86.78	83.09
EBIT	64.19	64.09	92.08	35.92	38.99	36.29
EBIT Margin	1.74%	1.77%	2.36%	0.86%	0.82%	0.79%
Effective Tax Rate	91.35%	64.05%	29.05%	-	56.19%	43.63%

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