HKG:1038 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
Operating Revenue	4,418	4,993	5,990	6,615	7,048
Other Revenue	359	546	784	925	400
Revenue	4,777	5,539	6,774	7,540	7,448
Revenue Growth (YoY)	-13.76%	-18.23%	-10.16%	1.23%	-2.22%
Cost of Revenue	3,877	3,831	3,932	4,022	4,258
Gross Profit	900	1,708	2,842	3,518	3,190
Amortization of Goodwill & Intangibles	15	18	30	36	45
Operating Expenses	395	319	325	342	369
Operating Income	505	1,389	2,517	3,176	2,821
Interest Expense	-848	-950	-954	-645	-455
Earnings From Equity Investments	9,022	8,034	6,258	5,526	5,476
Currency Exchange Gain (Loss)	131	113	572	111	189
Other Non Operating Income (Expenses)	33	85	185	126	72
EBT Excluding Unusual Items	8,843	8,671	8,578	8,294	8,103
Asset Writedown	-	-	-	-	12
Other Unusual Items	-438	-438	-438	-438	-434
Pretax Income	8,405	8,233	8,140	7,856	7,681
Income Tax Expense	165	126	119	121	161
Earnings From Continuing Operations	8,240	8,107	8,021	7,735	7,520
Minority Interest in Earnings	25	8	6	13	-5
Net Income	8,265	8,115	8,027	7,748	7,515
Net Income to Common	8,265	8,115	8,027	7,748	7,515
Net Income Growth	1.85%	1.10%	3.60%	3.10%	2.66%
Shares Outstanding (Basic)	2,520	2,520	2,520	2,520	2,520
Shares Outstanding (Diluted)	2,520	2,520	2,520	2,520	2,520
EPS (Basic)	3.28	3.22	3.19	3.08	2.98
EPS (Diluted)	3.28	3.22	3.19	3.08	2.98
EPS Growth	1.85%	1.10%	3.60%	3.10%	2.66%
Free Cash Flow	1,911	1,601	3,525	1,244	2,692
Free Cash Flow Per Share	0.76	0.64	1.40	0.49	1.07
Dividend Per Share	2.610	2.580	2.560	2.530	2.500
Dividend Growth	1.16%	0.78%	1.19%	1.20%	1.21%
Gross Margin	18.84%	30.84%	41.95%	46.66%	42.83%
Operating Margin	10.57%	25.08%	37.16%	42.12%	37.88%
Profit Margin	173.02%	146.51%	118.50%	102.76%	100.90%
Free Cash Flow Margin	40.00%	28.90%	52.04%	16.50%	36.14%
EBITDA	863	1,667	2,796	3,472	3,138
EBITDA Margin	18.07%	30.10%	41.27%	46.05%	42.13%
D&A For EBITDA	358	278	279	296	317
EBIT	505	1,389	2,517	3,176	2,821
EBIT Margin	10.57%	25.08%	37.16%	42.12%	37.88%
Effective Tax Rate	1.96%	1.53%	1.46%	1.54%	2.10%

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