Ernest Borel 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	97.22	99.28	164.99	137.37	149.25	122.6
Revenue Growth (YoY)	-20.65%	-39.83%	20.11%	-7.96%	21.74%	-13.37%
Cost of Revenue	101.78	90.66	77.93	62.21	58.42	49.61
Gross Profit	-4.56	8.62	87.06	75.15	90.84	72.99
Selling, General & Admin	80.34	86.56	106.63	77.01	111.72	84.93
Operating Expenses	80.34	86.56	106.63	77.01	111.72	84.93
Operating Income	-84.9	-77.94	-19.57	-1.86	-20.89	-11.94
Interest Expense	-9.65	-9.97	-9.3	-11.28	-13.52	-11.7
Interest & Investment Income	0.14	0.18	0.18	0.01	0.04	0.05
Currency Exchange Gain (Loss)	1.85	2.32	0.47	-1.67	1.51	3.21
Other Non Operating Income (Expenses)	-10.39	-2.89	-5.18	0.36	-0.1	9.14
EBT Excluding Unusual Items	-102.94	-88.31	-33.39	-14.45	-32.96	-11.25
Impairment of Goodwill	-26.93	-26.93	-13.39	-	-	-
Gain (Loss) on Sale of Investments	70.01	69.62	65.19	-	-	-
Gain (Loss) on Sale of Assets	-0.79	-	0.03	0.27	-	-
Asset Writedown	-3.2	-3.2	-1.09	-	-	2.82
Other Unusual Items	0.52	0.52	0.13	2.06	0.18	3.21
Pretax Income	-63.33	-48.29	17.48	-12.12	-32.77	-5.22
Income Tax Expense	1.02	-0.35	-1.39	-0.05	-0.95	-6.55
Net Income	-64.35	-47.94	18.87	-12.07	-31.82	1.33
Net Income to Common	-64.35	-47.94	18.87	-12.07	-31.82	1.33
Shares Outstanding (Basic)	360	360	356	347	347	347
Shares Outstanding (Diluted)	360	360	356	347	347	347
Shares Change (YoY)	-	1.15%	2.51%	-	-	-
EPS (Basic)	-0.18	-0.13	0.05	-0.03	-0.09	0.00
EPS (Diluted)	-0.18	-0.13	0.05	-0.03	-0.09	0.00
Free Cash Flow	-77.38	-32.29	-12.85	-4.15	-4.01	-27.8
Free Cash Flow Per Share	-0.21	-0.09	-0.04	-0.01	-0.01	-0.08
Gross Margin	-4.69%	8.69%	52.77%	54.71%	60.86%	59.53%
Operating Margin	-87.33%	-78.50%	-11.86%	-1.35%	-13.99%	-9.74%
Profit Margin	-66.19%	-48.29%	11.44%	-8.79%	-21.32%	1.08%
Free Cash Flow Margin	-79.59%	-32.52%	-7.79%	-3.02%	-2.69%	-22.68%
EBITDA	-62.66	-57.1	-2.36	5.21	-12.58	-5.93
EBITDA Margin	-64.45%	-57.52%	-1.43%	3.79%	-8.43%	-4.84%
D&A For EBITDA	22.24	20.84	17.21	7.07	8.31	6.01
EBIT	-84.9	-77.94	-19.57	-1.86	-20.89	-11.94
EBIT Margin	-87.33%	-78.50%	-11.86%	-1.35%	-13.99%	-9.74%

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