APT Satellite Holdings Limited (HKG:1045)

APT Satellite Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	772.48	784.65	833.98	944.31	927.81	889.23
Revenue Growth (YoY)	-4.17%	-5.91%	-11.68%	1.78%	4.34%	-16.31%
Cost of Revenue	531.8	500.52	478.41	489.26	481.41	495.41
Gross Profit	240.68	284.13	355.57	455.05	446.4	393.82
Selling, General & Admin	98.37	100.41	99.85	109.21	120.34	153.68
Other Operating Expenses	-1.95	-1.75	-2.59	-6.95	-3.34	-9.82
Operating Expenses	96.41	98.66	97.26	102.26	116.99	143.86
Operating Income	144.27	185.47	258.3	352.79	329.4	249.96
Interest Expense	-4.65	-5.06	-5.77	-7.01	-6.19	-6.8
Interest & Investment Income	95.85	108.79	87.96	28.31	19.04	19.27
Earnings From Equity Investments	-35.89	-57.71	-59.01	-57.91	-43.73	-13.11
Currency Exchange Gain (Loss)	13.1	0.18	-2.16	-26.41	17.68	19.68
EBT Excluding Unusual Items	212.68	231.67	279.33	289.77	316.21	269.01
Gain (Loss) on Sale of Investments	-0.26	1.13	-	-1.98	-0.43	-1.84
Gain (Loss) on Sale of Assets	-	-	-	-0.09	0.02	-
Asset Writedown	-0.53	-0.63	-0.38	-0.56	-0.77	-0.02
Other Unusual Items	1.1	1.1	-	0.12	-	-
Pretax Income	212.99	233.27	279.02	287.27	318.91	281.45
Income Tax Expense	34.52	30.95	41.37	55.66	55.53	49.99
Earnings From Continuing Operations	178.47	202.32	237.65	231.61	263.38	231.46
Minority Interest in Earnings	2.47	2.9	-	-	-	-
Net Income	180.94	205.22	237.65	231.61	263.38	231.46
Net Income to Common	180.94	205.22	237.65	231.61	263.38	231.46
Net Income Growth	-18.30%	-13.65%	2.61%	-12.06%	13.79%	-36.12%
Shares Outstanding (Basic)	929	929	929	929	929	930
Shares Outstanding (Diluted)	929	929	929	929	929	930
Shares Change (YoY)	-	-	-	-	-0.17%	-0.07%
EPS (Basic)	0.19	0.22	0.26	0.25	0.28	0.25
EPS (Diluted)	0.19	0.22	0.26	0.25	0.28	0.25
EPS Growth	-18.30%	-13.65%	2.61%	-12.06%	13.99%	-36.08%
Free Cash Flow	416.41	416.35	549.73	658.64	598.8	681.22
Free Cash Flow Per Share	0.45	0.45	0.59	0.71	0.65	0.73
Dividend Per Share	0.090	0.110	0.195	0.220	0.245	0.225
Dividend Growth	-52.63%	-43.59%	-11.36%	-10.20%	8.89%	15.38%
Gross Margin	31.16%	36.21%	42.63%	48.19%	48.11%	44.29%
Operating Margin	18.68%	23.64%	30.97%	37.36%	35.50%	28.11%
Profit Margin	23.42%	26.15%	28.50%	24.53%	28.39%	26.03%
Free Cash Flow Margin	53.91%	53.06%	65.92%	69.75%	64.54%	76.61%
EBITDA	533.77	572.26	645.53	741.17	719.43	660.48
EBITDA Margin	69.10%	72.93%	77.40%	78.49%	77.54%	74.28%
D&A For EBITDA	389.5	386.79	387.22	388.38	390.03	410.52
EBIT	144.27	185.47	258.3	352.79	329.4	249.96
EBIT Margin	18.68%	23.64%	30.97%	37.36%	35.50%	28.11%
Effective Tax Rate	16.21%	13.27%	14.83%	19.38%	17.41%	17.76%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.