Dynasty Fine Wines Group 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	170.01	271.37	262.8	241.36	305.95
Revenue Growth (YoY)	-37.35%	3.26%	8.88%	-21.11%	28.19%
Cost of Revenue	116.63	166.65	172.14	149.01	184.02
Gross Profit	53.38	104.72	90.67	92.35	121.93
Selling, General & Admin	94.55	96.32	85.59	89.31	100.23
Other Operating Expenses	-53.65	-0.9	-0.44	-3.95	-3.51
Operating Expenses	40.9	95.64	84.75	85.37	96.72
Operating Income	12.48	9.08	5.91	6.99	25.21
Interest Expense	-0.12	-0.07	-0.06	-0.07	-0.08
Interest & Investment Income	-	0.95	1.47	2.48	2.7
Other Non Operating Income (Expenses)	0.38	-	-	-	-
EBT Excluding Unusual Items	12.74	9.96	7.33	9.4	27.83
Gain (Loss) on Sale of Investments	-	1.48	-	-	-
Gain (Loss) on Sale of Assets	-	1.12	3.79	-1.74	-0.35
Other Unusual Items	-	20.99	9.53	7.84	5.47
Pretax Income	12.74	33.55	20.65	15.49	32.96
Income Tax Expense	1.64	0.01	0.04	-	0.02
Earnings From Continuing Operations	11.1	33.54	20.61	15.49	32.94
Minority Interest in Earnings	2.59	-0.1	0.73	0.84	-0.12
Net Income	13.69	33.44	21.34	16.33	32.81
Net Income to Common	13.69	33.44	21.34	16.33	32.81
Net Income Growth	-59.07%	56.72%	30.64%	-50.22%	-71.81%
Shares Outstanding (Basic)	1,411	1,408	1,315	1,248	1,248
Shares Outstanding (Diluted)	1,411	1,408	1,315	1,248	1,248
Shares Change (YoY)	0.19%	7.11%	5.35%	-	-
EPS (Basic)	0.01	0.02	0.02	0.01	0.03
EPS (Diluted)	0.01	0.02	0.02	0.01	0.03
EPS Growth	-59.15%	46.32%	24.01%	-50.22%	-71.81%
Free Cash Flow	-	-40.57	-28.82	-18.26	6.54
Free Cash Flow Per Share	-	-0.03	-0.02	-0.01	0.01
Dividend Per Share	-	0.004	-	-	-
Gross Margin	31.40%	38.59%	34.50%	38.26%	39.85%
Operating Margin	7.34%	3.35%	2.25%	2.89%	8.24%
Profit Margin	8.05%	12.32%	8.12%	6.77%	10.72%
Free Cash Flow Margin	-	-14.95%	-10.97%	-7.57%	2.14%
EBITDA	16.1	12.7	8.5	9.14	28.84
EBITDA Margin	9.47%	4.68%	3.23%	3.79%	9.43%
D&A For EBITDA	3.62	3.62	2.59	2.15	3.63
EBIT	12.48	9.08	5.91	6.99	25.21
EBIT Margin	7.34%	3.35%	2.25%	2.89%	8.24%
Effective Tax Rate	12.84%	0.04%	0.19%	-	0.06%

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