HKG:0381 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	300.64	386.66	383.92	420.9	323.72
Revenue Growth (YoY)	-22.25%	0.71%	-8.79%	30.02%	59.19%
Cost of Revenue	191.47	245	218.12	263.88	231.8
Gross Profit	109.18	141.67	165.81	157.02	91.92
Selling, General & Admin	121.07	118.14	123.65	125.44	112.32
Operating Expenses	119.13	127.11	151.11	125.8	111.22
Operating Income	-9.95	14.55	14.7	31.22	-19.3
Interest Expense	-31.8	-28.92	-27.07	-46.81	-44.15
Interest & Investment Income	0.72	0.64	0.24	0.15	0.12
Earnings From Equity Investments	-46.36	-36.81	-21.96	-19.46	-88.56
Currency Exchange Gain (Loss)	-0.71	1.81	4.26	-9.5	1.94
Other Non Operating Income (Expenses)	0.41	1.99	100.33	0.46	2.48
EBT Excluding Unusual Items	-87.69	-46.73	70.5	-43.94	-147.46
Gain (Loss) on Sale of Investments	-	-	-34.31	-	-139.1
Gain (Loss) on Sale of Assets	-	-	0.59	-	0.1
Asset Writedown	-0.07	-1.93	-1.06	1.47	-0.54
Other Unusual Items	-15.63	-17.19	33.36	13.08	67.54
Pretax Income	-103.39	-65.84	69.07	-29.39	-219.46
Income Tax Expense	7.8	6.98	3.37	9.11	1.03
Earnings From Continuing Operations	-111.19	-72.83	65.7	-38.5	-220.5
Minority Interest in Earnings	-10.56	-11.8	-28.49	-21.02	-6.26
Net Income	-121.75	-84.63	37.21	-59.52	-226.75
Net Income to Common	-121.75	-84.63	37.21	-59.52	-226.75
Shares Outstanding (Basic)	859	341	95	51	20
Shares Outstanding (Diluted)	859	341	95	51	20
Shares Change (YoY)	152.11%	257.76%	87.99%	154.32%	87.17%
EPS (Basic)	-0.14	-0.25	0.39	-1.17	-11.38
EPS (Diluted)	-0.14	-0.25	0.39	-1.17	-11.38
Free Cash Flow	-	-9.93	10.24	-147.03	126.86
Free Cash Flow Per Share	-	-0.03	0.11	-2.90	6.37
Gross Margin	36.31%	36.64%	43.19%	37.30%	28.40%
Operating Margin	-3.31%	3.76%	3.83%	7.42%	-5.96%
Profit Margin	-40.50%	-21.89%	9.69%	-14.14%	-70.05%
Free Cash Flow Margin	-	-2.57%	2.67%	-34.93%	39.19%
EBITDA	3.52	28.03	28.18	63.55	8.22
EBITDA Margin	1.17%	7.25%	7.34%	15.10%	2.54%
D&A For EBITDA	13.47	13.47	13.48	32.33	27.52
EBIT	-9.95	14.55	14.7	31.22	-19.3
EBIT Margin	-3.31%	3.76%	3.83%	7.42%	-5.96%
Effective Tax Rate	-	-	4.88%	-	-
Advertising Expenses	-	2.83	5.24	-	-

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