Convenience Retail Asia 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	1,445	1,486	1,487	1,463	1,362
Revenue Growth (YoY)	-2.76%	-0.04%	1.66%	7.42%	14.28%
Cost of Revenue	707.46	700.3	692.54	723.33	678.89
Gross Profit	738.02	786.18	794.55	739.54	682.95
Selling, General & Admin	698.82	752.84	730.1	668.84	632.85
Other Operating Expenses	-7.75	-8.11	-8.53	-9.88	-34.62
Operating Expenses	691.07	744.74	721.58	658.96	598.23
Operating Income	46.95	41.44	72.97	80.58	84.72
Interest Expense	-6.05	-7.17	-7.27	-6.92	-6.04
Interest & Investment Income	3.73	5.59	5.42	2.2	1.18
Earnings From Equity Investments	-0.64	-	-	-	-
EBT Excluding Unusual Items	43.99	39.87	71.13	75.86	79.87
Merger & Restructuring Charges	-	-8.82	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	5.13
Other Unusual Items	-	-	-	3.18	2.95
Pretax Income	43.99	31.05	71.13	79.04	87.94
Income Tax Expense	10.18	7.13	13.42	11.26	13.54
Earnings From Continuing Operations	33.81	23.91	57.71	67.79	74.4
Earnings From Discontinued Operations	-	-	-	-	5.97
Net Income	33.81	23.91	57.71	67.79	80.37
Net Income to Common	33.81	23.91	57.71	67.79	80.37
Net Income Growth	41.37%	-58.56%	-14.87%	-15.66%	-97.44%
Shares Outstanding (Basic)	777	777	777	776	776
Shares Outstanding (Diluted)	778	777	777	777	776
Shares Change (YoY)	0.08%	-0.00%	0.03%	0.12%	1.51%
EPS (Basic)	0.04	0.03	0.07	0.09	0.10
EPS (Diluted)	0.04	0.03	0.07	0.09	0.10
EPS Growth	39.79%	-58.43%	-14.94%	-15.97%	-97.48%
Free Cash Flow	169.3	200.76	181.08	173.62	152.22
Free Cash Flow Per Share	0.22	0.26	0.23	0.22	0.20
Dividend Per Share	0.040	0.030	0.060	0.070	0.070
Dividend Growth	33.33%	-50.00%	-14.29%	-	16.67%
Gross Margin	51.06%	52.89%	53.43%	50.55%	50.15%
Operating Margin	3.25%	2.79%	4.91%	5.51%	6.22%
Profit Margin	2.34%	1.61%	3.88%	4.63%	5.90%
Free Cash Flow Margin	11.71%	13.51%	12.18%	11.87%	11.18%
EBITDA	92.37	89.71	119.05	123.13	124.85
EBITDA Margin	6.39%	6.04%	8.01%	8.42%	9.17%
D&A For EBITDA	45.42	48.27	46.08	42.55	40.13
EBIT	46.95	41.44	72.97	80.58	84.72
EBIT Margin	3.25%	2.79%	4.91%	5.51%	6.22%
Effective Tax Rate	23.14%	22.98%	18.86%	14.24%	15.40%
Advertising Expenses	18.12	20.96	22.32	19.13	-

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