APT Satellite 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	739.09	784.65	833.98	944.31	927.81
Revenue Growth (YoY)	-5.81%	-5.91%	-11.68%	1.78%	4.34%
Cost of Revenue	537.23	500.52	478.41	489.26	481.41
Gross Profit	201.86	284.13	355.57	455.05	446.4
Selling, General & Admin	114.81	100.41	99.85	109.21	120.34
Other Operating Expenses	-2.79	-1.75	-2.59	-6.95	-3.34
Operating Expenses	112.02	98.66	97.26	102.26	116.99
Operating Income	89.84	185.47	258.3	352.79	329.4
Interest Expense	-4.11	-5.06	-5.77	-7.01	-6.19
Interest & Investment Income	83.36	108.79	87.96	28.31	19.04
Earnings From Equity Investments	-18.61	-57.71	-59.01	-57.91	-43.73
Currency Exchange Gain (Loss)	10.21	0.18	-2.16	-26.41	17.68
EBT Excluding Unusual Items	160.7	231.67	279.33	289.77	316.21
Gain (Loss) on Sale of Investments	-	1.13	-	-1.98	-0.43
Gain (Loss) on Sale of Assets	-	-	-	-0.09	0.02
Asset Writedown	-0.46	-0.63	-0.38	-0.56	-0.77
Other Unusual Items	-	1.1	-	0.12	-
Pretax Income	160.24	233.27	279.02	287.27	318.91
Income Tax Expense	18.45	30.95	41.37	55.66	55.53
Earnings From Continuing Operations	141.79	202.32	237.65	231.61	263.38
Minority Interest in Earnings	-0.39	2.9	-	-	-
Net Income	141.39	205.22	237.65	231.61	263.38
Net Income to Common	141.39	205.22	237.65	231.61	263.38
Net Income Growth	-31.10%	-13.65%	2.61%	-12.06%	13.79%
Shares Outstanding (Basic)	929	929	929	929	929
Shares Outstanding (Diluted)	929	929	929	929	929
Shares Change (YoY)	-	-	-	-	-0.17%
EPS (Basic)	0.15	0.22	0.26	0.25	0.28
EPS (Diluted)	0.15	0.22	0.26	0.25	0.28
EPS Growth	-31.10%	-13.65%	2.61%	-12.06%	13.99%
Free Cash Flow	-	416.35	549.73	658.64	598.8
Free Cash Flow Per Share	-	0.45	0.59	0.71	0.65
Dividend Per Share	0.085	0.110	0.195	0.220	0.245
Dividend Growth	-22.73%	-43.59%	-11.36%	-10.20%	8.89%
Gross Margin	27.31%	36.21%	42.63%	48.19%	48.11%
Operating Margin	12.16%	23.64%	30.97%	37.36%	35.50%
Profit Margin	19.13%	26.15%	28.50%	24.53%	28.39%
Free Cash Flow Margin	-	53.06%	65.92%	69.75%	64.54%
EBITDA	476.63	572.26	645.53	741.17	719.43
EBITDA Margin	64.49%	72.93%	77.40%	78.49%	77.54%
D&A For EBITDA	386.79	386.79	387.22	388.38	390.03
EBIT	89.84	185.47	258.3	352.79	329.4
EBIT Margin	12.16%	23.64%	30.97%	37.36%	35.50%
Effective Tax Rate	11.52%	13.27%	14.83%	19.38%	17.41%

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