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	20.98	6.84	4.61	10.78	31.67
Revenue	3,695	3,453	3,657	4,620	5,444
Revenue Growth (YoY)	7.01%	-5.58%	-20.84%	-15.13%	15.42%
Cost of Revenue	2,819	2,699	2,848	3,550	4,338
Gross Profit	876.19	753.78	808.96	1,070	1,106
Selling, General & Admin	590.38	627.86	613.48	688.7	703.53
Other Operating Expenses	187.19	183.72	162.07	172.39	184.5
Operating Expenses	837.52	875.59	839.61	928.73	975.05
Operating Income	38.67	-121.81	-30.64	141.02	130.54
Interest Expense	-29.34	-39.2	-39.45	-16.48	-4.67
Interest & Investment Income	5.2	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)	-11.29	3.99	-9.86	4.06	-1.15
EBT Excluding Unusual Items	16.69	-137.33	-59.73	154.76	144.37
Gain (Loss) on Sale of Investments	-0.07	-0.53	0.21	-1.26	-1.65
Gain (Loss) on Sale of Assets	-9.71	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)	730	730	730	730	730
Shares Outstanding (Diluted)	730	730	730	730	730
Shares Change (YoY)	-	-	0.00%	0.02%	0.04%
EPS (Basic)	-0.08	-0.26	-0.18	0.10	0.10
EPS (Diluted)	-0.08	-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	23.71%	21.83%	22.12%	23.16%	20.31%
Operating Margin	1.05%	-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	80.87	-79.62	12.58	187.15	177.57
EBITDA Margin	2.19%	-2.31%	0.34%	4.05%	3.26%
D&A For EBITDA	42.19	42.19	43.22	46.13	47.03
EBIT	38.67	-121.81	-30.64	141.02	130.54
EBIT Margin	1.05%	-3.53%	-0.84%	3.05%	2.40%
Effective Tax Rate	690.74%	-	-	26.82%	32.02%

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