HKG:1102 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	444.46	461.85	530.33	269.58	321.84
Revenue Growth (YoY)	-3.77%	-12.91%	96.73%	-16.24%	495.41%
Cost of Revenue	420.47	427.5	490.26	468.13	305.93
Gross Profit	23.98	34.35	40.07	-198.55	15.92
Selling, General & Admin	10.21	15.65	14.24	10.01	22.47
Other Operating Expenses	-	-	-	-0.04	-0.18
Operating Expenses	10.73	15.65	14.24	10.48	362.61
Operating Income	13.25	18.71	25.83	-209.03	-346.69
Interest Expense	-0.19	-0.55	-0.28	-10.71	-6.67
Interest & Investment Income	0.23	0.86	0.27	0	0.01
Currency Exchange Gain (Loss)	-	-	-	-	2.11
Other Non Operating Income (Expenses)	-0.9	0.03	0.03	-	-
EBT Excluding Unusual Items	12.38	19.05	25.85	-219.74	-351.24
Gain (Loss) on Sale of Assets	-	-0.01	-	7.02	-
Asset Writedown	-	-	-	-36.13	-14.32
Other Unusual Items	-	-80.63	1.55	0.12	8.71
Pretax Income	12.38	-61.59	27.41	-248.72	-356.86
Income Tax Expense	5.3	6.82	9.52	3.69	0.92
Earnings From Continuing Operations	7.08	-68.41	17.88	-252.4	-357.77
Earnings From Discontinued Operations	-	52.2	-42.17	-	-
Net Income to Company	7.08	-16.22	-24.29	-252.4	-357.77
Minority Interest in Earnings	-6.35	-8.19	-11.46	-4.62	-
Net Income	0.73	-24.4	-35.75	-257.03	-357.77
Net Income to Common	0.73	-24.4	-35.75	-257.03	-357.77
Shares Outstanding (Basic)	1,462	1,062	542	542	542
Shares Outstanding (Diluted)	1,462	1,062	542	542	542
Shares Change (YoY)	37.67%	95.79%	-	-	13.66%
EPS (Basic)	0.00	-0.02	-0.07	-0.47	-0.66
EPS (Diluted)	0.00	-0.02	-0.07	-0.47	-0.66
Free Cash Flow	-	-0.72	7.22	-8.15	-5.07
Free Cash Flow Per Share	-	-0.00	0.01	-0.01	-0.01
Gross Margin	5.40%	7.44%	7.56%	-73.65%	4.95%
Operating Margin	2.98%	4.05%	4.87%	-77.54%	-107.72%
Profit Margin	0.16%	-5.28%	-6.74%	-95.34%	-111.16%
Free Cash Flow Margin	-	-0.16%	1.36%	-3.02%	-1.57%
EBITDA	-	18.71	25.83	-209.02	-346.68
EBITDA Margin	-	4.05%	4.87%	-77.54%	-107.72%
D&A For EBITDA	-	0	0	0.01	0.01
EBIT	13.25	18.71	25.83	-209.03	-346.69
EBIT Margin	2.98%	4.05%	4.87%	-77.54%	-107.72%
Effective Tax Rate	42.82%	-	34.74%	-	-

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