Kerry Properties 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	19,568	19,499	13,090	14,590	15,327
Revenue Growth (YoY)	0.35%	48.96%	-10.28%	-4.80%	5.51%
Cost of Revenue	13,910	13,113	6,369	7,606	6,584
Gross Profit	5,658	6,386	6,721	6,985	8,743
Selling, General & Admin	1,947	1,971	1,784	1,720	2,003
Other Operating Expenses	-725	-326	-251	-159.06	-126.91
Operating Expenses	1,222	1,645	1,533	1,561	1,876
Operating Income	4,436	4,741	5,188	5,424	6,867
Interest Expense	-714	-661	-824	-301.36	-562.66
Interest & Investment Income	-	650	738	646.44	610.44
Earnings From Equity Investments	726	916	1,358	1,346	3,402
Currency Exchange Gain (Loss)	-	66	50	85.73	151.84
Other Non Operating Income (Expenses)	-	108	84	-436.16	-114.14
EBT Excluding Unusual Items	4,448	5,820	6,594	6,764	10,354
Gain (Loss) on Sale of Investments	-	-24	-23	-4.41	2,086
Gain (Loss) on Sale of Assets	-	-53	-1	969.66	119.19
Asset Writedown	-1,518	-3,161	289	-2,562	1,666
Pretax Income	2,930	2,582	6,859	5,168	14,226
Income Tax Expense	1,624	1,070	2,696	1,693	2,936
Earnings From Continuing Operations	1,306	1,512	4,163	3,475	11,290
Minority Interest in Earnings	-368	-704	-920	-720.11	-931.96
Net Income	938	808	3,243	2,755	10,358
Net Income to Common	938	808	3,243	2,755	10,358
Net Income Growth	16.09%	-75.09%	17.72%	-73.40%	91.70%
Shares Outstanding (Basic)	1,447	1,451	1,451	1,453	1,456
Shares Outstanding (Diluted)	1,447	1,451	1,451	1,453	1,456
Shares Change (YoY)	-0.28%	-	-0.13%	-0.21%	-0.01%
EPS (Basic)	0.65	0.56	2.23	1.90	7.11
EPS (Diluted)	0.65	0.56	2.23	1.90	7.11
EPS Growth	16.46%	-75.03%	17.64%	-73.34%	91.66%
Free Cash Flow	-	1,056	4,912	-403.58	5,392
Free Cash Flow Per Share	-	0.73	3.38	-0.28	3.70
Dividend Per Share	1.350	1.350	1.350	1.350	1.350
Gross Margin	28.92%	32.75%	51.34%	47.87%	57.04%
Operating Margin	22.67%	24.31%	39.63%	37.17%	44.80%
Profit Margin	4.79%	4.14%	24.77%	18.88%	67.58%
Free Cash Flow Margin	-	5.42%	37.52%	-2.77%	35.18%
EBITDA	4,770	5,075	5,530	5,794	7,271
EBITDA Margin	24.38%	26.03%	42.25%	39.71%	47.44%
D&A For EBITDA	334	334	342	369.95	404.02
EBIT	4,436	4,741	5,188	5,424	6,867
EBIT Margin	22.67%	24.31%	39.63%	37.17%	44.80%
Effective Tax Rate	55.43%	41.44%	39.31%	32.76%	20.64%

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