HKG:1129 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	233.84	536.63	748.97	1,219	1,102
Revenue Growth (YoY)	-56.43%	-28.35%	-38.57%	10.65%	-2.46%
Selling, General & Admin	124.19	202.21	242.78	237.42	274.01
Provision for Bad Debts	-0.72	14.21	73.39	122.77	69.4
Other Operating Expenses	216.3	421.95	545.6	761.76	607.47
Total Operating Expenses	339.77	638.37	861.77	1,122	950.88
Operating Income	-105.94	-101.74	-112.79	97.19	150.91
Interest Expense	-48	-53.61	-46.2	-67.54	-66.43
Interest Income	0.62	1.9	1.99	9.54	6.04
Net Interest Expense	-47.38	-51.71	-44.22	-57.99	-60.39
Income (Loss) on Equity Investments	1.13	0.08	0.23	0.65	33.05
Other Non-Operating Income (Expenses)	-50.57	-	-	-	-
EBT Excluding Unusual Items	-202.75	-153.36	-156.78	39.85	123.57
Impairment of Goodwill	-6.07	-21.74	-	-0.02	-7.72
Gain (Loss) on Sale of Investments	-1.33	0.38	1.73	-0.45	-22.51
Gain (Loss) on Sale of Assets	2.12	31.23	2.92	0.53	44.94
Asset Writedown	-98.53	-139.04	-46.07	-40.38	-48.77
Legal Settlements	-	-22.32	-	-	-
Pretax Income	-306.56	-304.85	-198.2	-0.47	89.51
Income Tax Expense	-6.05	29.18	15.43	29.25	63.96
Earnings From Continuing Ops.	-300.51	-334.03	-213.64	-29.72	25.55
Minority Interest in Earnings	24.49	11.74	-29.82	-59.48	-69.57
Net Income	-276.02	-322.28	-243.45	-89.2	-44.02
Net Income to Common	-276.02	-322.28	-243.45	-89.2	-44.02
Shares Outstanding (Basic)	580	287	287	230	160
Shares Outstanding (Diluted)	580	287	287	230	160
Shares Change (YoY)	101.96%	-	24.95%	44.05%	-
EPS (Basic)	-0.48	-1.12	-0.85	-0.39	-0.28
EPS (Diluted)	-0.48	-1.12	-0.85	-0.39	-0.28
Free Cash Flow	-	-23.35	-95.67	100.55	44.9
Free Cash Flow Per Share	-	-0.08	-0.33	0.44	0.28
Profit Margin	-118.04%	-60.06%	-32.51%	-7.32%	-4.00%
Free Cash Flow Margin	-	-4.35%	-12.77%	8.25%	4.08%
EBITDA	23.17	27.37	23	244.64	283.4
EBITDA Margin	9.91%	5.10%	3.07%	20.07%	25.72%
D&A For EBITDA	129.1	129.1	135.79	147.45	132.49
EBIT	-105.94	-101.74	-112.79	97.19	150.91
EBIT Margin	-45.30%	-18.96%	-15.06%	7.97%	13.70%
Effective Tax Rate	-	-	-	-	71.46%

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