MS Group 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	291.5	421.09	233.99	260.14	293.75
Revenue Growth (YoY)	-30.77%	79.96%	-10.05%	-11.44%	18.20%
Cost of Revenue	215.45	303.19	158.87	180.35	207.41
Gross Profit	76.06	117.9	75.13	79.8	86.34
Selling, General & Admin	44.41	55.68	47.47	54.46	56.54
Other Operating Expenses	-0.3	-0.83	-0.77	-2.67	-0.07
Operating Expenses	44.11	54.85	46.7	51.79	56.47
Operating Income	31.94	63.05	28.43	28.01	29.87
Interest Expense	-0.67	-0.97	-0.66	-0.71	-0.62
Interest & Investment Income	2.24	4.01	4.71	1.53	0.43
Earnings From Equity Investments	-	-1.24	-8.64	-8.28	-5.09
Currency Exchange Gain (Loss)	-0.86	0.9	0.16	-0.3	-0.48
EBT Excluding Unusual Items	32.66	65.75	23.99	20.25	24.12
Gain (Loss) on Sale of Assets	-0.05	-1.82	0.01	-0.04	-0.15
Pretax Income	32.61	63.93	24	20.22	23.97
Income Tax Expense	6.1	14.54	7.72	6.41	8.56
Net Income	26.51	49.39	16.28	13.81	15.41
Net Income to Common	26.51	49.39	16.28	13.81	15.41
Net Income Growth	-46.33%	203.32%	17.94%	-10.43%	10.08%
Shares Outstanding (Basic)	202	200	200	200	200
Shares Outstanding (Diluted)	202	200	200	200	200
Shares Change (YoY)	0.83%	-	-	-	-
EPS (Basic)	0.13	0.25	0.08	0.07	0.08
EPS (Diluted)	0.13	0.25	0.08	0.07	0.08
EPS Growth	-46.77%	203.32%	17.94%	-10.43%	10.08%
Free Cash Flow	-	22.9	5.07	21.03	27.05
Free Cash Flow Per Share	-	0.12	0.03	0.10	0.14
Dividend Per Share	-	0.060	0.030	0.030	-
Dividend Growth	-	100.00%	-	-	-
Gross Margin	26.09%	28.00%	32.11%	30.67%	29.39%
Operating Margin	10.96%	14.97%	12.15%	10.77%	10.17%
Profit Margin	9.09%	11.73%	6.96%	5.31%	5.25%
Free Cash Flow Margin	-	5.44%	2.17%	8.09%	9.21%
EBITDA	37.48	68.59	33.55	34.64	38.66
EBITDA Margin	12.86%	16.29%	14.34%	13.32%	13.16%
D&A For EBITDA	5.53	5.53	5.13	6.63	8.79
EBIT	31.94	63.05	28.43	28.01	29.87
EBIT Margin	10.96%	14.97%	12.15%	10.77%	10.17%
Effective Tax Rate	18.71%	22.75%	32.16%	31.71%	35.70%
Advertising Expenses	-	0.69	1.32	2.79	4.62

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