REF Holdings Limited (HKG:1631)
Hong Kong · Delayed Price · Currency is HKD 1.300
-0.015 (-1.14%)
Sep 18, 2026, 3:50 PM HKT
REF Holdings Income Statement
Financials in millions HKD. Fiscal year is January - December.
Millions HKD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
| 93.88 | 92.3 | 106.36 | 124.04 | 129.71 | 135.08 | |
Revenue Growth | -2.70% | -13.22% | -14.25% | -4.37% | -3.98% | -8.42% |
Cost of Revenue | 47.28 | 45.68 | 50.29 | 60.8 | 63.48 | 62.88 |
Gross Profit | 46.6 | 46.62 | 56.07 | 63.25 | 66.23 | 72.2 |
Selling, General & Admin | 44.89 | 43.37 | 48.79 | 51.27 | 52.85 | 55.72 |
Operating Expenses | 45.23 | 43.12 | 48.95 | 50.54 | 54.92 | 55.13 |
Operating Income | 1.37 | 3.5 | 7.12 | 12.7 | 11.31 | 17.08 |
Interest Expense | -1.14 | -1.47 | -1.62 | -0.59 | -1.06 | -0.84 |
Interest & Investment Income | 1.89 | 1.65 | 1.64 | 1.87 | 1.05 | 0.99 |
Currency Exchange Gain (Loss) | -0.26 | -0.3 | - | 0 | - | 0 |
Other Non Operating Income (Expenses) | 0.11 | 0.07 | 0.16 | 0.03 | -0.01 | 0.04 |
EBT Excluding Unusual Items | 1.97 | 3.45 | 7.29 | 14.02 | 11.29 | 17.26 |
Gain (Loss) on Sale of Investments | -0.17 | -0.09 | -0.4 | -0.11 | -0.68 | -3.06 |
Gain (Loss) on Sale of Assets | - | - | - | - | -0.04 | -3.09 |
Asset Writedown | - | - | -0.11 | - | - | - |
Other Unusual Items | - | - | - | - | 2.4 | - |
Pretax Income | 1.81 | 3.36 | 6.78 | 13.92 | 12.96 | 11.12 |
Income Tax Expense | -0.07 | 0.39 | 1.11 | 2.2 | 1.8 | 2.49 |
Net Income | 1.87 | 2.98 | 5.67 | 11.71 | 11.16 | 8.63 |
Net Income to Common | 1.87 | 2.98 | 5.67 | 11.71 | 11.16 | 8.63 |
Net Income Growth | -61.33% | -47.52% | -51.61% | 4.95% | 29.37% | -52.76% |
Shares Outstanding (Basic) | 261 | 256 | 256 | 256 | 256 | 256 |
Shares Outstanding (Diluted) | 261 | 256 | 256 | 256 | 256 | 256 |
Shares Change | 0.72% | - | - | - | - | - |
EPS (Basic) | 0.01 | 0.01 | 0.02 | 0.05 | 0.04 | 0.03 |
EPS (Diluted) | 0.01 | 0.01 | 0.02 | 0.05 | 0.04 | 0.03 |
EPS Growth | -61.78% | -47.52% | -51.61% | 4.95% | 29.38% | -52.77% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 40.33 | 30.12 | 16.69 | 36.03 | 20.91 | 15.59 |
Free Cash Flow Per Share | 0.15 | 0.12 | 0.07 | 0.14 | 0.08 | 0.06 |
Dividend Per Share | - | - | - | - | 0.150 | 0.200 |
Dividend Growth | - | - | - | - | -25.00% | -60.00% |
Gross Margin | 49.63% | 50.51% | 52.72% | 50.99% | 51.06% | 53.45% |
Operating Margin | 1.46% | 3.79% | 6.69% | 10.24% | 8.72% | 12.64% |
Profit Margin | 1.99% | 3.22% | 5.33% | 9.44% | 8.61% | 6.39% |
Free Cash Flow Margin | 42.96% | 32.64% | 15.69% | 29.05% | 16.12% | 11.54% |
EBITDA | 3.04 | 5.18 | 9.74 | 16.68 | 15.38 | 20.68 |
EBITDA Margin | 3.24% | 5.61% | 9.16% | 13.45% | 11.86% | 15.31% |
D&A For EBITDA | 1.67 | 1.68 | 2.62 | 3.98 | 4.07 | 3.61 |
EBIT | 1.37 | 3.5 | 7.12 | 12.7 | 11.31 | 17.08 |
EBIT Margin | 1.46% | 3.79% | 6.69% | 10.24% | 8.72% | 12.64% |
Effective Tax Rate | - | 11.51% | 16.37% | 15.82% | 13.89% | 22.38% |