HKG:0532 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
Operating Revenue	3,674	3,446	3,652	4,609	5,412
Other Revenue	22.29	6.84	4.61	10.78	31.67
Revenue	3,696	3,453	3,657	4,620	5,444
Revenue Growth (YoY)	7.05%	-5.58%	-20.84%	-15.13%	15.42%
Cost of Revenue	2,808	2,699	2,848	3,550	4,338
Gross Profit	887.91	753.78	808.96	1,070	1,106
Selling, General & Admin	585.14	627.86	613.48	688.7	703.53
Other Operating Expenses	225.06	183.72	162.07	172.39	184.5
Operating Expenses	870.15	875.59	839.61	928.73	975.05
Operating Income	17.76	-121.81	-30.64	141.02	130.54
Interest Expense	-29.34	-39.2	-39.45	-16.48	-4.67
Interest & Investment Income	-	6.78	9.58	5.85	3.71
Earnings From Equity Investments	13.44	12.91	10.65	20.3	15.93
Currency Exchange Gain (Loss)	-	3.99	-9.86	4.06	-1.15
Other Non Operating Income (Expenses)	5.05	-	-	-	-
EBT Excluding Unusual Items	6.91	-137.33	-59.73	154.76	144.37
Gain (Loss) on Sale of Investments	-	-0.53	0.21	-1.26	-1.65
Gain (Loss) on Sale of Assets	-	0.51	-1.08	0.54	-0.35
Pretax Income	6.91	-137.35	-60.59	154.04	142.36
Income Tax Expense	47.75	40.63	48.16	41.31	45.59
Earnings From Continuing Operations	-40.84	-177.99	-108.76	112.72	96.78
Minority Interest in Earnings	-14.49	-12.18	-24.03	-40.96	-24.76
Net Income	-55.32	-190.16	-132.78	71.76	72.01
Net Income to Common	-55.32	-190.16	-132.78	71.76	72.01
Net Income Growth	-	-	-	-0.35%	-28.83%
Shares Outstanding (Basic)	82	730	730	730	730
Shares Outstanding (Diluted)	82	730	730	730	730
Shares Change (YoY)	-88.78%	-	0.00%	0.02%	0.04%
EPS (Basic)	-0.68	-0.26	-0.18	0.10	0.10
EPS (Diluted)	-0.68	-0.26	-0.18	0.10	0.10
EPS Growth	-	-	-	-0.39%	-28.85%
Free Cash Flow	-	101.02	218.24	-171.4	-21.81
Free Cash Flow Per Share	-	0.14	0.30	-0.23	-0.03
Dividend Per Share	-	-	-	0.050	0.050
Dividend Growth	-	-	-	-	-16.67%
Gross Margin	24.02%	21.83%	22.12%	23.16%	20.31%
Operating Margin	0.48%	-3.53%	-0.84%	3.05%	2.40%
Profit Margin	-1.50%	-5.51%	-3.63%	1.55%	1.32%
Free Cash Flow Margin	-	2.93%	5.97%	-3.71%	-0.40%
EBITDA	59.96	-79.62	12.58	187.15	177.57
EBITDA Margin	1.62%	-2.31%	0.34%	4.05%	3.26%
D&A For EBITDA	42.19	42.19	43.22	46.13	47.03
EBIT	17.76	-121.81	-30.64	141.02	130.54
EBIT Margin	0.48%	-3.53%	-0.84%	3.05%	2.40%
Effective Tax Rate	690.74%	-	-	26.82%	32.02%

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