TCL Electronics 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	114,583	99,322	78,986	71,351	74,847
Revenue Growth (YoY)	15.37%	25.75%	10.70%	-4.67%	46.89%
Cost of Revenue	96,683	83,768	65,312	58,240	62,313
Gross Profit	17,900	15,554	13,674	13,112	12,534
Selling, General & Admin	12,673	11,649	10,831	11,830	11,266
Research & Development	2,532	2,335	2,327	2,531	2,481
Other Operating Expenses	97.36	116.81	166.3	74.1	50.56
Operating Expenses	15,302	14,134	13,448	14,519	13,829
Operating Income	2,598	1,420	226.26	-1,407	-1,294
Interest Expense	-790.45	-786.91	-885.5	-668.67	-400.86
Interest & Investment Income	-	773.44	794.17	631	404.48
Earnings From Equity Investments	155.87	113.88	90.49	89.84	145.44
Currency Exchange Gain (Loss)	-	-	202.48	1,345	-
Other Non Operating Income (Expenses)	1,387	965.89	681.18	1,143	1,703
EBT Excluding Unusual Items	3,350	2,486	1,109	1,133	557.9
Impairment of Goodwill	-	-127.91	-	-	-12.05
Gain (Loss) on Sale of Investments	-	126.34	54.94	-300.83	889.97
Gain (Loss) on Sale of Assets	-	50.41	7.63	3.44	11.95
Asset Writedown	-46.01	-32.26	-23.47	-	-
Other Unusual Items	-	12.12	-	-	-
Pretax Income	3,304	2,515	1,148	835.53	1,448
Income Tax Expense	777.32	666.01	321.38	281.69	168.48
Earnings From Continuing Operations	2,527	1,849	826.81	553.83	1,279
Net Income to Company	2,527	1,849	826.81	553.83	1,279
Minority Interest in Earnings	-31.85	-89.15	-83.18	-106.86	-95.29
Net Income	2,495	1,759	743.63	446.98	1,184
Net Income to Common	2,495	1,759	743.63	446.98	1,184
Net Income Growth	41.82%	136.59%	66.37%	-62.25%	-67.11%
Shares Outstanding (Basic)	2,540	2,431	2,426	2,412	2,404
Shares Outstanding (Diluted)	2,540	2,523	2,478	2,502	2,493
Shares Change (YoY)	0.65%	1.83%	-0.95%	0.36%	5.44%
EPS (Basic)	0.98	0.72	0.31	0.19	0.49
EPS (Diluted)	0.98	0.70	0.30	0.18	0.47
EPS Growth	40.91%	132.32%	67.94%	-62.38%	-68.80%
Free Cash Flow	-	2,105	1,394	917.9	106.79
Free Cash Flow Per Share	-	0.83	0.56	0.37	0.04
Dividend Per Share	-	0.318	0.160	0.127	0.167
Dividend Growth	-	98.75%	25.98%	-23.95%	-21.23%
Gross Margin	15.62%	15.66%	17.31%	18.38%	16.75%
Operating Margin	2.27%	1.43%	0.29%	-1.97%	-1.73%
Profit Margin	2.18%	1.77%	0.94%	0.63%	1.58%
Free Cash Flow Margin	-	2.12%	1.76%	1.29%	0.14%
EBITDA	3,076	1,898	761.89	-863.92	-815.42
EBITDA Margin	2.69%	1.91%	0.97%	-1.21%	-1.09%
D&A For EBITDA	478.44	478.44	535.63	543.35	478.91
EBIT	2,598	1,420	226.26	-1,407	-1,294
EBIT Margin	2.27%	1.43%	0.29%	-1.97%	-1.73%
Effective Tax Rate	23.52%	26.49%	27.99%	33.71%	11.64%

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