HKG:1049 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	767.44	883.66	1,016	1,211	1,368
Revenue	767.44	883.66	1,016	1,211	1,368
Revenue Growth (YoY)	-13.15%	-13.06%	-16.06%	-11.49%	-0.83%
Cost of Revenue	414.5	472.6	559.8	698.1	800.72
Gross Profit	352.95	411.06	456.62	512.78	567.34
Selling, General & Admin	344.87	382.67	406.11	444.91	423.59
Operating Expenses	428.78	482.69	589.34	618.21	602.77
Operating Income	-75.83	-71.63	-132.73	-105.43	-35.43
Interest Expense	-17.42	-21.26	-25.07	-20.76	-17
Interest & Investment Income	-	2.5	1.86	2.18	2.13
Earnings From Equity Investments	-	-	-	-25.98	-19.67
Currency Exchange Gain (Loss)	-	-0.37	0.3	0.44	0.52
Other Non Operating Income (Expenses)	25.6	5.31	20.36	13.42	10.94
EBT Excluding Unusual Items	-67.65	-85.46	-135.28	-136.13	-58.52
Gain (Loss) on Sale of Investments	-	23.06	1.4	43.39	8.34
Gain (Loss) on Sale of Assets	-	-2.47	-0.12	-0.75	-1.36
Asset Writedown	-	-	-5.05	-	-
Other Unusual Items	-	-0.73	0.38	48.75	11.7
Pretax Income	-67.65	-65.6	-138.67	-44.74	-39.84
Income Tax Expense	3.64	-1.81	4.26	-9.49	3.43
Earnings From Continuing Operations	-71.29	-63.78	-142.93	-35.25	-43.27
Net Income to Company	-71.29	-63.78	-142.93	-35.25	-43.27
Minority Interest in Earnings	18.53	5.52	34.92	1.61	0.22
Net Income	-52.76	-58.27	-108.01	-33.64	-43.05
Net Income to Common	-52.76	-58.27	-108.01	-33.64	-43.05
Shares Outstanding (Basic)	81	81	81	81	81
Shares Outstanding (Diluted)	81	81	81	81	81
Shares Change (YoY)	-0.01%	-	-	-	31.76%
EPS (Basic)	-0.65	-0.72	-1.34	-0.42	-0.53
EPS (Diluted)	-0.65	-0.72	-1.34	-0.42	-0.53
Free Cash Flow	-	63.07	34.98	201.97	143.67
Free Cash Flow Per Share	-	0.78	0.43	2.50	1.78
Dividend Per Share	-	-	-	-	0.150
Gross Margin	45.99%	46.52%	44.92%	42.35%	41.47%
Operating Margin	-9.88%	-8.11%	-13.06%	-8.71%	-2.59%
Profit Margin	-6.88%	-6.59%	-10.63%	-2.78%	-3.15%
Free Cash Flow Margin	-	7.14%	3.44%	16.68%	10.50%
EBITDA	-65.13	-60.93	-117.26	-81.68	-17.41
EBITDA Margin	-8.49%	-6.89%	-11.54%	-6.75%	-1.27%
D&A For EBITDA	10.7	10.7	15.47	23.74	18.02
EBIT	-75.83	-71.63	-132.73	-105.43	-35.43
EBIT Margin	-9.88%	-8.11%	-13.06%	-8.71%	-2.59%
Advertising Expenses	13.29	12.45	30.15	31.99	27.37

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