HKG:1735 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	11,017	6,032	4,028	1,614	1,086
Revenue Growth (YoY)	82.64%	49.74%	149.64%	48.55%	162.56%
Cost of Revenue	10,806	5,904	3,855	1,583	1,034
Gross Profit	210.49	127.77	172.81	31.1	51.77
Selling, General & Admin	184.56	192.75	90.4	87.15	55.48
Operating Expenses	184.56	192.75	90.4	87.15	55.48
Operating Income	25.93	-64.99	82.41	-56.05	-3.72
Interest Expense	-66.56	-51.39	-25.19	-5.52	-3.41
Interest & Investment Income	17.98	9.86	1.38	0.16	0.1
Earnings From Equity Investments	0.08	-	-	-	-
Other Non Operating Income (Expenses)	62.63	120.7	5.6	11.09	4.38
EBT Excluding Unusual Items	40.05	14.19	64.2	-50.32	-2.65
Gain (Loss) on Sale of Investments	0.32	-0.01	0.08	-9.1	-
Gain (Loss) on Sale of Assets	41.92	52.14	13.38	34.96	-0.86
Asset Writedown	-	-10.04	5.19	-7.31	45.25
Other Unusual Items	-	-	-	0.76	37.8
Pretax Income	82.29	56.28	82.85	-31.01	79.54
Income Tax Expense	21.56	2.19	11.56	-0.68	19.25
Earnings From Continuing Operations	60.73	54.1	71.29	-30.33	60.29
Minority Interest in Earnings	-26.49	52.3	-4.97	2.49	1.7
Net Income	34.24	106.39	66.32	-27.84	61.99
Net Income to Common	34.24	106.39	66.32	-27.84	61.99
Net Income Growth	-67.82%	60.42%	-	-	-
Shares Outstanding (Basic)	4,224	4,224	4,224	4,224	4,224
Shares Outstanding (Diluted)	4,224	4,224	4,224	4,224	4,224
EPS (Basic)	0.01	0.03	0.02	-0.01	0.01
EPS (Diluted)	0.01	0.03	0.02	-0.01	0.01
EPS Growth	-67.82%	60.42%	-	-	-
Free Cash Flow	-	-1,092	-1,769	-146.19	-43.54
Free Cash Flow Per Share	-	-0.26	-0.42	-0.04	-0.01
Gross Margin	1.91%	2.12%	4.29%	1.93%	4.77%
Operating Margin	0.24%	-1.08%	2.05%	-3.47%	-0.34%
Profit Margin	0.31%	1.76%	1.65%	-1.73%	5.71%
Free Cash Flow Margin	-	-18.11%	-43.91%	-9.06%	-4.01%
EBITDA	166.41	75.5	99.66	-48.74	3.83
EBITDA Margin	1.51%	1.25%	2.47%	-3.02%	0.35%
D&A For EBITDA	140.48	140.48	17.25	7.31	7.54
EBIT	25.93	-64.99	82.41	-56.05	-3.72
EBIT Margin	0.24%	-1.08%	2.05%	-3.47%	-0.34%
Effective Tax Rate	26.20%	3.88%	13.96%	-	24.21%

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