Rare Earth Magnesium Technology Group Holdings Limited (HKG:0601)

HKG:0601 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	195.82	242.7	263.49	383.9	416.06
Revenue Growth (YoY)	-19.32%	-7.89%	-31.36%	-7.73%	-44.14%
Cost of Revenue	246.61	294.08	348.77	337.29	347.29
Gross Profit	-50.79	-51.38	-85.28	46.61	68.78
Selling, General & Admin	108.25	58.97	85.39	129.11	103.22
Operating Expenses	116.62	65.94	88.04	233.3	156.46
Operating Income	-167.41	-117.32	-173.32	-186.69	-87.69
Interest Expense	-56.48	-54.88	-48.79	-20.92	-69.4
Interest & Investment Income	0.11	0.7	0.59	0.6	0.55
Other Non Operating Income (Expenses)	9.46	4.97	-10.02	4.7	9.11
EBT Excluding Unusual Items	-214.32	-166.53	-231.53	-202.32	-147.43
Gain (Loss) on Sale of Assets	-0.6	4.76	3.45	2.28	5.05
Asset Writedown	-108.04	-244.18	-197.83	-61.71	-184.35
Other Unusual Items	-	-3.26	-	267.38	-
Pretax Income	-322.95	-409.21	-425.91	5.63	-326.73
Income Tax Expense	-2.58	-0.79	-2.31	4.23	5.16
Earnings From Continuing Operations	-320.37	-408.42	-423.6	1.4	-331.88
Net Income to Company	-320.37	-408.42	-423.6	1.4	-331.88
Net Income	-320.37	-408.42	-423.6	1.4	-331.88
Net Income to Common	-320.37	-408.42	-423.6	1.4	-331.88
Shares Outstanding (Basic)	593	593	533	356	329
Shares Outstanding (Diluted)	593	593	533	356	329
Shares Change (YoY)	-	11.12%	49.77%	8.16%	0.01%
EPS (Basic)	-0.54	-0.69	-0.79	0.00	-1.01
EPS (Diluted)	-0.54	-0.69	-0.79	0.00	-1.01
Free Cash Flow	-12.63	-18.43	7.71	22.66	-6.61
Free Cash Flow Per Share	-0.02	-0.03	0.01	0.06	-0.02
Gross Margin	-25.94%	-21.17%	-32.37%	12.14%	16.53%
Operating Margin	-85.49%	-48.34%	-65.78%	-48.63%	-21.07%
Profit Margin	-163.60%	-168.28%	-160.77%	0.37%	-79.77%
Free Cash Flow Margin	-6.45%	-7.59%	2.93%	5.90%	-1.59%
EBITDA	-85.4	-26.37	-60.13	-75.1	20.52
EBITDA Margin	-43.61%	-10.87%	-22.82%	-19.56%	4.93%
D&A For EBITDA	82.01	90.95	113.19	111.59	108.21
EBIT	-167.41	-117.32	-173.32	-186.69	-87.69
EBIT Margin	-85.49%	-48.34%	-65.78%	-48.63%	-21.07%
Effective Tax Rate	-	-	-	75.07%	-

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