HKG:0512 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	12,283	11,645	10,530	9,562	8,598
Revenue Growth (YoY)	5.48%	10.59%	10.12%	11.22%	35.34%
Cost of Revenue	5,503	4,907	4,006	3,611	3,351
Gross Profit	6,780	6,738	6,524	5,951	5,247
Selling, General & Admin	5,196	4,621	3,802	3,396	3,307
Other Operating Expenses	-224.01	-176.83	-195.17	-170.42	-242.12
Operating Expenses	5,011	4,517	3,665	3,203	3,077
Operating Income	1,770	2,221	2,860	2,748	2,170
Interest Expense	-162.34	-180.24	-205.15	-137.49	-92.96
Interest & Investment Income	-	6.31	7.75	19.81	74.95
Earnings From Equity Investments	76.06	148.72	-25.01	-43.79	113.86
Other Non Operating Income (Expenses)	-	-27.78	-32.34	40.1	-8.35
EBT Excluding Unusual Items	1,683	2,168	2,605	2,627	2,258
Merger & Restructuring Charges	-	-1.3	-	-0.22	-
Impairment of Goodwill	-	-49.07	-39.14	-36.44	-
Gain (Loss) on Sale of Investments	-189.31	675.93	89.27	-94.62	484.85
Gain (Loss) on Sale of Assets	-	-	-	-	2.37
Asset Writedown	-	4.39	5.45	21.35	29.58
Other Unusual Items	-	54.21	-316.18	-	11.42
Pretax Income	1,494	2,852	2,344	2,517	2,786
Income Tax Expense	249.78	386.3	448.76	418.64	380.8
Earnings From Continuing Operations	1,244	2,466	1,895	2,098	2,405
Minority Interest in Earnings	-3.43	2.32	-15.44	-18.83	-2.47
Net Income	1,241	2,468	1,880	2,079	2,403
Net Income to Common	1,241	2,468	1,880	2,079	2,403
Net Income Growth	-49.73%	31.30%	-9.59%	-13.45%	34.02%
Shares Outstanding (Basic)	3,502	3,502	3,508	3,542	3,548
Shares Outstanding (Diluted)	3,502	3,502	3,508	3,542	3,548
Shares Change (YoY)	-	-0.17%	-0.97%	-0.16%	2.98%
EPS (Basic)	0.35	0.70	0.54	0.59	0.68
EPS (Diluted)	0.35	0.70	0.54	0.59	0.68
EPS Growth	-49.73%	31.52%	-8.70%	-13.31%	30.14%
Free Cash Flow	-	1,342	1,937	1,216	1,534
Free Cash Flow Per Share	-	0.38	0.55	0.34	0.43
Dividend Per Share	0.169	0.260	0.260	0.140	0.110
Dividend Growth	-35.00%	-	85.71%	27.27%	-
Gross Margin	55.20%	57.87%	61.96%	62.24%	61.03%
Operating Margin	14.41%	19.07%	27.16%	28.74%	25.24%
Profit Margin	10.10%	21.20%	17.85%	21.75%	27.94%
Free Cash Flow Margin	-	11.53%	18.40%	12.72%	17.84%
EBITDA	2,223	2,675	3,212	3,109	2,493
EBITDA Margin	18.10%	22.97%	30.50%	32.52%	28.99%
D&A For EBITDA	453.38	453.38	352.36	361.05	322.53
EBIT	1,770	2,221	2,860	2,748	2,170
EBIT Margin	14.41%	19.07%	27.16%	28.74%	25.24%
Effective Tax Rate	16.72%	13.54%	19.14%	16.63%	13.67%

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