E-Commodities 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	31,984	39,166	40,587	34,414	41,184	21,977
Revenue Growth (YoY)	-23.72%	-3.50%	17.94%	-16.44%	87.39%	-26.87%
Cost of Revenue	31,393	37,649	36,959	31,216	35,350	20,523
Gross Profit	591.7	1,518	3,628	3,198	5,834	1,454
Selling, General & Admin	615.24	745.24	1,113	1,055	1,643	622.23
Other Operating Expenses	-298.96	-222.48	-74.07	43.93	-193.37	101.38
Operating Expenses	316.28	522.76	1,039	1,099	1,450	723.61
Operating Income	275.42	994.85	2,589	2,099	4,384	730.7
Interest Expense	-129.32	-136.66	-101.8	-103.19	-126.36	-174.73
Interest & Investment Income	66.69	64.36	55.38	34.73	22.68	26.99
Earnings From Equity Investments	71.03	177.9	197.83	144.19	143.32	37.17
Currency Exchange Gain (Loss)	-34.09	-8.67	12.03	-125.46	-8.27	-26.9
Other Non Operating Income (Expenses)	-19.15	-23.07	-28.01	-23.12	-87.57	-2.83
EBT Excluding Unusual Items	230.58	1,069	2,725	2,026	4,328	590.4
Gain (Loss) on Sale of Investments	-	-	-	-19.2	-	-
Gain (Loss) on Sale of Assets	12.49	12.49	-17.74	2.04	-4.97	-26.93
Asset Writedown	-	-	-44.3	30.06	-253.13	-11.24
Pretax Income	243.07	1,081	2,663	2,039	4,070	552.23
Income Tax Expense	-44.11	97.24	468.16	333.95	574.83	99.68
Earnings From Continuing Operations	287.18	983.95	2,194	1,705	3,495	452.55
Net Income to Company	287.18	983.95	2,194	1,705	3,495	452.55
Minority Interest in Earnings	-12.27	-62.42	-71.72	-39.14	-32.55	9.82
Net Income	274.91	921.53	2,123	1,666	3,462	462.36
Net Income to Common	274.91	921.53	2,123	1,666	3,462	462.36
Net Income Growth	-86.66%	-56.59%	27.43%	-51.89%	648.81%	48.00%
Shares Outstanding (Basic)	2,655	2,663	2,676	2,805	3,008	3,039
Shares Outstanding (Diluted)	2,655	2,663	2,676	2,805	3,126	3,039
Shares Change (YoY)	-0.35%	-0.48%	-4.61%	-10.26%	2.86%	-12.34%
EPS (Basic)	0.10	0.35	0.79	0.59	1.15	0.15
EPS (Diluted)	0.10	0.35	0.79	0.59	1.13	0.15
EPS Growth	-86.61%	-56.38%	33.58%	-47.34%	641.81%	57.39%
Free Cash Flow	750.7	-385.42	1,144	1,540	2,111	2,498
Free Cash Flow Per Share	0.28	-0.14	0.43	0.55	0.68	0.82
Dividend Per Share	0.013	0.086	0.196	0.145	0.302	-
Dividend Growth	-93.19%	-56.12%	35.17%	-51.99%	-	-
Gross Margin	1.85%	3.88%	8.94%	9.29%	14.16%	6.62%
Operating Margin	0.86%	2.54%	6.38%	6.10%	10.64%	3.33%
Profit Margin	0.86%	2.35%	5.23%	4.84%	8.41%	2.10%
Free Cash Flow Margin	2.35%	-0.98%	2.82%	4.47%	5.13%	11.37%
EBITDA	653.27	1,293	2,800	2,271	4,529	803.56
EBITDA Margin	2.04%	3.30%	6.90%	6.60%	11.00%	3.66%
D&A For EBITDA	377.85	297.78	210.46	172.06	145.33	72.87
EBIT	275.42	994.85	2,589	2,099	4,384	730.7
EBIT Margin	0.86%	2.54%	6.38%	6.10%	10.64%	3.33%
Effective Tax Rate	-	8.99%	17.58%	16.38%	14.12%	18.05%

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