Sky Blue 11 Company Limited (HKG:1010)

Sky Blue 11 Company 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	31.09	36.03	113.97	181.08	105.62
Revenue Growth (YoY)	-13.71%	-68.38%	-37.06%	71.44%	14.00%
Cost of Revenue	9.26	73.07	82.41	98.43	77.59
Gross Profit	21.84	-37.03	31.56	82.65	28.03
Selling, General & Admin	29.69	39.45	68.56	75.28	59.36
Operating Expenses	29.64	106.97	74.32	75.34	59.46
Operating Income	-7.8	-144	-42.76	7.31	-31.43
Interest Expense	-16.23	-16.02	-0.41	-4.76	-3.92
Interest & Investment Income	-	0.13	0.14	0.2	0.18
Earnings From Equity Investments	-	-	-	-	-7.81
Other Non Operating Income (Expenses)	0.45	-3.06	0.21	0.72	5.23
EBT Excluding Unusual Items	-23.57	-162.95	-42.83	3.46	-37.75
Gain (Loss) on Sale of Investments	-	-0.07	-	-	-20.4
Gain (Loss) on Sale of Assets	-0.22	-0.15	-	-0.06	5.6
Asset Writedown	-19.37	-1.73	-1.43	-	-
Other Unusual Items	-	0.33	-	-	-
Pretax Income	-43.16	-164.57	-44.25	3.41	-52.55
Income Tax Expense	-	0.55	2.19	5.64	0.29
Earnings From Continuing Operations	-43.16	-165.11	-46.45	-2.24	-52.84
Net Income	-43.16	-165.11	-46.45	-2.24	-52.84
Net Income to Common	-43.16	-165.11	-46.45	-2.24	-52.84
Shares Outstanding (Basic)	444	441	370	370	370
Shares Outstanding (Diluted)	444	441	370	370	370
Shares Change (YoY)	0.78%	19.07%	-0.05%	-	6.50%
EPS (Basic)	-0.10	-0.37	-0.13	-0.01	-0.14
EPS (Diluted)	-0.10	-0.37	-0.13	-0.01	-0.14
Free Cash Flow	-	-131.66	-32.63	19.5	-133.85
Free Cash Flow Per Share	-	-0.30	-0.09	0.05	-0.36
Gross Margin	70.23%	-102.77%	27.69%	45.64%	26.53%
Operating Margin	-25.08%	-399.61%	-37.52%	4.04%	-29.76%
Profit Margin	-138.81%	-458.21%	-40.75%	-1.23%	-50.03%
Free Cash Flow Margin	-	-365.37%	-28.63%	10.77%	-126.73%
EBITDA	-7.63	-143.83	-42.25	8.33	-30.51
EBITDA Margin	-24.53%	-	-37.07%	4.60%	-28.88%
D&A For EBITDA	0.17	0.17	0.51	1.02	0.93
EBIT	-7.8	-144	-42.76	7.31	-31.43
EBIT Margin	-25.07%	-	-37.52%	4.04%	-29.76%
Effective Tax Rate	-	-	-	165.65%	-

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