Sandmartin International Holdings Limited (HKG:0482)

HKG:0482 Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	449.73	648.69	562.04	745.95	926.47
Revenue Growth (YoY)	-30.67%	15.42%	-24.66%	-19.48%	7.28%
Cost of Revenue	404.8	584.49	488.43	666.26	805.28
Gross Profit	44.93	64.2	73.61	79.69	121.2
Selling, General & Admin	138.66	127.94	119.46	116.11	138.18
Research & Development	18.63	22.87	26.06	22.94	27.38
Operating Expenses	157.29	148.43	154.08	125.77	181.62
Operating Income	-112.36	-84.23	-80.47	-46.08	-60.42
Interest Expense	-28.75	-29.36	-28.68	-28.16	-28.14
Interest & Investment Income	-	1.08	3.54	1.56	1.58
Earnings From Equity Investments	-	-0	-46.72	-45.43	4.49
Currency Exchange Gain (Loss)	-	3.73	2.07	-2.78	-0.29
Other Non Operating Income (Expenses)	69.24	30.43	36.7	42.93	46.18
EBT Excluding Unusual Items	-71.86	-78.35	-113.56	-77.95	-36.61
Impairment of Goodwill	-17.63	-16	-	-	-
Gain (Loss) on Sale of Investments	-	-	-23.48	-1.24	-
Gain (Loss) on Sale of Assets	-	-	-	-0.01	-
Asset Writedown	-58.03	72.88	-0.64	13.92	19.01
Other Unusual Items	-	-14.76	-3.09	-2.57	1.16
Pretax Income	-147.52	-36.23	-140.76	-67.84	-16.44
Income Tax Expense	10.69	22.3	-4.13	12.67	9.82
Earnings From Continuing Operations	-158.21	-58.54	-136.63	-80.52	-26.26
Net Income to Company	-158.21	-58.54	-136.63	-80.52	-26.26
Minority Interest in Earnings	43.61	27.97	10.07	2.97	0.83
Net Income	-114.59	-30.57	-126.57	-77.55	-25.43
Net Income to Common	-114.59	-30.57	-126.57	-77.55	-25.43
Shares Outstanding (Basic)	123	123	86	49	40
Shares Outstanding (Diluted)	123	123	86	49	40
Shares Change (YoY)	0.04%	43.36%	74.38%	22.21%	22.13%
EPS (Basic)	-0.93	-0.25	-1.47	-1.58	-0.63
EPS (Diluted)	-0.93	-0.25	-1.47	-1.58	-0.63
Free Cash Flow	-	28.49	-88.52	0.36	-0.97
Free Cash Flow Per Share	-	0.23	-1.03	0.01	-0.02
Gross Margin	9.99%	9.90%	13.10%	10.68%	13.08%
Operating Margin	-24.98%	-12.98%	-14.32%	-6.18%	-6.52%
Profit Margin	-25.48%	-4.71%	-22.52%	-10.40%	-2.74%
Free Cash Flow Margin	-	4.39%	-15.75%	0.05%	-0.10%
EBITDA	-102.95	-74.82	-71.03	-35.85	-47.5
EBITDA Margin	-22.89%	-11.53%	-12.64%	-4.81%	-5.13%
D&A For EBITDA	9.41	9.41	9.44	10.23	12.92
EBIT	-112.36	-84.23	-80.47	-46.08	-60.42
EBIT Margin	-24.98%	-12.98%	-14.32%	-6.18%	-6.52%

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