HKG:1446 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	600.28	620.73	672.73	686.72	696
Revenue Growth (YoY)	-3.29%	-7.73%	-2.04%	-1.33%	-0.92%
Cost of Revenue	242.95	251.73	279.25	282.72	278.72
Gross Profit	357.34	369	393.48	404	417.27
Selling, General & Admin	366.99	379.96	430.06	418.2	410.91
Other Operating Expenses	-2.05	-	-	-	-6.69
Operating Expenses	364.93	379.96	430.06	418.2	404.22
Operating Income	-7.6	-10.96	-36.58	-14.21	13.06
Interest Expense	-8.08	-10.11	-8.68	-4.61	-4.97
Interest & Investment Income	0.08	0.15	0.12	0.07	0.09
Earnings From Equity Investments	-	-	-	-	-0.01
Currency Exchange Gain (Loss)	-0.65	0.19	-0.43	0.31	-0.15
Other Non Operating Income (Expenses)	-	2.58	4.41	2.51	-
EBT Excluding Unusual Items	-16.24	-18.14	-41.15	-15.93	8.02
Gain (Loss) on Sale of Investments	-0.23	-0.14	-3.41	-0.93	-
Gain (Loss) on Sale of Assets	-0.18	-0.19	-0.38	-0.08	-0.14
Other Unusual Items	-	-	-	17.45	1.4
Pretax Income	-16.63	-18.28	-44.94	0.54	9.5
Income Tax Expense	-2	-2.47	-2.32	4.67	2.36
Earnings From Continuing Operations	-14.63	-15.81	-42.62	-4.13	7.14
Net Income to Company	-14.63	-15.81	-42.62	-4.13	7.14
Minority Interest in Earnings	-2.09	2.12	8	9.4	1.08
Net Income	-16.72	-13.69	-34.62	5.27	8.22
Net Income to Common	-16.72	-13.69	-34.62	5.27	8.22
Net Income Growth	-	-	-	-35.90%	-86.85%
Shares Outstanding (Basic)	656	656	656	656	656
Shares Outstanding (Diluted)	656	656	656	656	656
EPS (Basic)	-0.03	-0.02	-0.05	0.01	0.01
EPS (Diluted)	-0.03	-0.02	-0.05	0.01	0.01
EPS Growth	-	-	-	-36.00%	-86.88%
Free Cash Flow	-	124.6	100.48	98.89	107.1
Free Cash Flow Per Share	-	0.19	0.15	0.15	0.16
Dividend Per Share	-	-	-	0.003	0.004
Dividend Growth	-	-	-	-8.11%	-81.12%
Gross Margin	59.53%	59.45%	58.49%	58.83%	59.95%
Operating Margin	-1.27%	-1.76%	-5.44%	-2.07%	1.88%
Profit Margin	-2.79%	-2.21%	-5.15%	0.77%	1.18%
Free Cash Flow Margin	-	20.07%	14.94%	14.40%	15.39%
EBITDA	26.35	22.99	0.09	23.89	49.35
EBITDA Margin	4.39%	3.70%	0.01%	3.48%	7.09%
D&A For EBITDA	33.94	33.94	36.67	38.09	36.29
EBIT	-7.6	-10.96	-36.58	-14.21	13.06
EBIT Margin	-1.27%	-1.76%	-5.44%	-2.07%	1.88%
Effective Tax Rate	-	-	-	864.44%	24.81%
Advertising Expenses	13.03	13.83	15.61	12.06	19.63

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