Town Ray Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	728.96	703.59	704.42	823.66	763.09	541.7
Revenue Growth (YoY)	19.54%	-0.12%	-14.48%	7.94%	40.87%	6.17%
Cost of Revenue	517.09	471.84	459.04	561.2	542.1	357.66
Gross Profit	211.87	231.75	245.38	262.46	220.99	184.04
Selling, General & Admin	113.72	114.42	111.18	106.88	99.16	73.38
Other Operating Expenses	2.5	3.22	-0.69	1.02	-0.36	-0.57
Operating Expenses	116.22	117.64	110.48	107.9	98.81	72.81
Operating Income	95.65	114.11	134.89	154.56	122.18	111.23
Interest Expense	-3.01	-2.31	-2.59	-3.97	-0.84	-1.66
Interest & Investment Income	2.81	4.74	6.13	0.88	1.24	2.19
Currency Exchange Gain (Loss)	4.45	5.24	2.72	5.34	0.61	5.66
Other Non Operating Income (Expenses)	8.82	8.67	5.62	4.86	2.68	5.32
EBT Excluding Unusual Items	108.73	130.46	146.78	161.66	125.86	122.74
Gain (Loss) on Sale of Assets	-0.04	-0.04	-0.02	-0.63	-	-
Other Unusual Items	-	-	-	0	-	-
Pretax Income	108.68	130.42	146.76	161.03	125.86	122.74
Income Tax Expense	19.54	22.81	24.55	26.72	19.36	18.55
Net Income	89.15	107.61	122.21	134.31	106.5	104.19
Net Income to Common	89.15	107.61	122.21	134.31	106.5	104.19
Net Income Growth	6.89%	-11.94%	-9.01%	26.11%	2.22%	71.34%
Shares Outstanding (Basic)	359	359	359	359	359	378
Shares Outstanding (Diluted)	359	359	359	359	359	378
Shares Change (YoY)	-	-	-	-	-5.13%	18.66%
EPS (Basic)	0.25	0.30	0.34	0.37	0.30	0.28
EPS (Diluted)	0.25	0.30	0.34	0.37	0.30	0.28
EPS Growth	6.89%	-11.94%	-9.01%	26.11%	7.75%	44.39%
Free Cash Flow	85.08	0.41	183.13	211.89	-22.78	97.04
Free Cash Flow Per Share	0.24	0.00	0.51	0.59	-0.06	0.26
Dividend Per Share	0.231	0.271	0.301	0.301	0.258	0.233
Dividend Growth	-11.49%	-9.97%	-	16.67%	10.73%	119.81%
Gross Margin	29.06%	32.94%	34.83%	31.86%	28.96%	33.97%
Operating Margin	13.12%	16.22%	19.15%	18.77%	16.01%	20.53%
Profit Margin	12.23%	15.29%	17.35%	16.31%	13.96%	19.23%
Free Cash Flow Margin	11.67%	0.06%	26.00%	25.73%	-2.99%	17.91%
EBITDA	109.42	128.37	149.21	167.01	135.95	121.03
EBITDA Margin	15.01%	18.25%	21.18%	20.28%	17.82%	22.34%
D&A For EBITDA	13.77	14.26	14.32	12.45	13.77	9.8
EBIT	95.65	114.11	134.89	154.56	122.18	111.23
EBIT Margin	13.12%	16.22%	19.15%	18.77%	16.01%	20.53%
Effective Tax Rate	17.98%	17.49%	16.73%	16.59%	15.38%	15.11%

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