Matrix Holdings 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	483.22	456.86	714.49	986.09	1,083
Revenue Growth (YoY)	5.77%	-36.06%	-27.54%	-8.92%	20.14%
Cost of Revenue	352.2	304.49	405.81	579.46	640.66
Gross Profit	131.02	152.37	308.68	406.64	441.98
Selling, General & Admin	278.67	341.17	350.37	349.25	328.76
Research & Development	2.58	3.67	20.24	20.62	21.53
Other Operating Expenses	-1.01	-10.21	-34.3	9.53	7.53
Operating Expenses	281.01	336.36	338.3	379.43	359.46
Operating Income	-149.98	-184	-29.62	27.2	82.51
Interest Expense	-6.28	-4.47	-3.8	-4.32	-4.65
Interest & Investment Income	0.1	1.11	3.35	3.95	2.54
Currency Exchange Gain (Loss)	16.29	-8.32	-0.99	-2.3	-2.7
EBT Excluding Unusual Items	-139.87	-195.68	-31.06	24.54	77.7
Impairment of Goodwill	-	-41.82	-55	-	-4.5
Gain (Loss) on Sale of Assets	18.34	12.68	0.44	0.41	0.21
Asset Writedown	-42.82	-51.33	-13	-6.78	-2.5
Other Unusual Items	2.18	0.2	-	0.55	-
Pretax Income	-162.16	-275.95	-98.63	18.72	70.92
Income Tax Expense	0.98	22.78	4.31	16.89	16.28
Earnings From Continuing Operations	-163.14	-298.73	-102.94	1.83	54.64
Minority Interest in Earnings	-0.46	0.16	0.34	4.4	0.46
Net Income	-163.6	-298.57	-102.6	6.23	55.09
Net Income to Common	-163.6	-298.57	-102.6	6.23	55.09
Net Income Growth	-	-	-	-88.70%	420.32%
Shares Outstanding (Basic)	756	756	756	756	756
Shares Outstanding (Diluted)	756	756	756	756	756
Shares Change (YoY)	-	-	-	-	-0.10%
EPS (Basic)	-0.22	-0.39	-0.14	0.01	0.07
EPS (Diluted)	-0.22	-0.40	-0.14	0.01	0.07
EPS Growth	-	-	-	-89.02%	628.53%
Free Cash Flow	-	-85.78	14.17	196.9	175.05
Free Cash Flow Per Share	-	-0.11	0.02	0.26	0.23
Dividend Per Share	0.010	0.025	0.050	0.120	0.080
Dividend Growth	-60.00%	-50.00%	-58.33%	50.00%	45.45%
Gross Margin	27.11%	33.35%	43.20%	41.24%	40.82%
Operating Margin	-31.04%	-40.27%	-4.15%	2.76%	7.62%
Profit Margin	-33.86%	-65.35%	-14.36%	0.63%	5.09%
Free Cash Flow Margin	-	-18.78%	1.98%	19.97%	16.17%
EBITDA	-118.37	-152.38	7.49	72.67	132.45
EBITDA Margin	-24.50%	-33.35%	1.05%	7.37%	12.23%
D&A For EBITDA	31.61	31.61	37.11	45.47	49.94
EBIT	-149.98	-184	-29.62	27.2	82.51
EBIT Margin	-31.04%	-40.27%	-4.15%	2.76%	7.62%
Effective Tax Rate	-	-	-	90.22%	22.96%

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