HKG:0413 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	2,179	3,232	2,887	3,814	4,725
Revenue Growth (YoY)	-32.58%	11.92%	-24.29%	-19.29%	15.63%
Cost of Revenue	2,019	2,756	2,408	3,242	4,189
Gross Profit	159.68	475.84	479.36	571.27	535.42
Selling, General & Admin	496.73	354.48	391.79	377.27	534.4
Other Operating Expenses	-202.28	-94.22	-67.73	-41.92	-96.39
Operating Expenses	294.45	260.25	324.06	335.35	438.01
Operating Income	-134.77	215.59	155.3	235.91	97.4
Interest Expense	-213.11	-248.25	-266.75	-205.25	-169.63
Interest & Investment Income	-	3.46	2.57	3.47	1.78
Earnings From Equity Investments	-	-	-0.26	-0.16	-0.32
EBT Excluding Unusual Items	-347.87	-29.21	-109.13	33.97	-70.77
Gain (Loss) on Sale of Assets	-	131.34	109.83	94.47	21.93
Asset Writedown	-1,163	-82.32	-35.88	-55.12	126.25
Legal Settlements	-	30.25	-	-	-
Other Unusual Items	-	-	-	13.61	8.88
Pretax Income	-1,510	50.06	-35.19	86.94	86.29
Income Tax Expense	-46.62	37.89	7.25	21.29	53.22
Earnings From Continuing Operations	-1,464	12.18	-42.44	65.64	33.08
Minority Interest in Earnings	16.05	-11.48	10.59	9.09	-2.22
Net Income	-1,448	0.7	-31.85	74.73	30.85
Net Income to Common	-1,448	0.7	-31.85	74.73	30.85
Net Income Growth	-	-	-	142.23%	-55.78%
Shares Outstanding (Basic)	12,983	12,983	12,983	12,983	12,983
Shares Outstanding (Diluted)	12,983	13,203	12,983	13,409	13,419
Shares Change (YoY)	-1.67%	1.69%	-3.18%	-0.07%	-2.68%
EPS (Basic)	-0.11	0.00	-0.00	0.01	0.00
EPS (Diluted)	-0.11	0.00	-0.00	0.01	0.00
EPS Growth	-	-	-	187.80%	-60.00%
Free Cash Flow	-	409.93	105.55	639.93	-43.85
Free Cash Flow Per Share	-	0.03	0.01	0.05	-0.00
Gross Margin	7.33%	14.72%	16.60%	14.98%	11.33%
Operating Margin	-6.19%	6.67%	5.38%	6.19%	2.06%
Profit Margin	-66.45%	0.02%	-1.10%	1.96%	0.65%
Free Cash Flow Margin	-	12.68%	3.65%	16.78%	-0.93%
EBITDA	-102.05	248.3	192.54	279.14	142.15
EBITDA Margin	-4.68%	7.68%	6.67%	7.32%	3.01%
D&A For EBITDA	32.71	32.71	37.24	43.23	44.74
EBIT	-134.77	215.59	155.3	235.91	97.4
EBIT Margin	-6.19%	6.67%	5.38%	6.19%	2.06%
Effective Tax Rate	-	75.68%	-	24.49%	61.67%

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