Ernest Borel Holdings 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	79.35	99.28	164.99	137.37	149.25
Revenue Growth (YoY)	-20.08%	-39.83%	20.11%	-7.96%	21.74%
Cost of Revenue	76.08	90.66	77.93	62.21	58.42
Gross Profit	3.27	8.62	87.06	75.15	90.84
Selling, General & Admin	79.28	86.56	106.63	77.01	111.72
Operating Expenses	79.28	86.56	106.63	77.01	111.72
Operating Income	-76.01	-77.94	-19.57	-1.86	-20.89
Interest Expense	-10.1	-9.97	-9.3	-11.28	-13.52
Interest & Investment Income	-	0.18	0.18	0.01	0.04
Currency Exchange Gain (Loss)	0.34	2.32	0.47	-1.67	1.51
Other Non Operating Income (Expenses)	3.91	-2.89	-5.18	0.36	-0.1
EBT Excluding Unusual Items	-81.86	-88.31	-33.39	-14.45	-32.96
Impairment of Goodwill	-	-26.93	-13.39	-	-
Gain (Loss) on Sale of Investments	35.21	69.62	65.19	-	-
Gain (Loss) on Sale of Assets	-0.53	-	0.03	0.27	-
Asset Writedown	-11.86	-3.2	-1.09	-	-
Other Unusual Items	0.57	0.52	0.13	2.06	0.18
Pretax Income	-58.46	-48.29	17.48	-12.12	-32.77
Income Tax Expense	-5.97	-0.35	-1.39	-0.05	-0.95
Net Income	-52.49	-47.94	18.87	-12.07	-31.82
Net Income to Common	-52.49	-47.94	18.87	-12.07	-31.82
Shares Outstanding (Basic)	360	360	356	347	347
Shares Outstanding (Diluted)	360	360	356	347	347
Shares Change (YoY)	-	1.15%	2.51%	-	-
EPS (Basic)	-0.15	-0.13	0.05	-0.03	-0.09
EPS (Diluted)	-0.15	-0.13	0.05	-0.03	-0.09
Free Cash Flow	-	-32.29	-12.85	-4.15	-4.01
Free Cash Flow Per Share	-	-0.09	-0.04	-0.01	-0.01
Gross Margin	4.12%	8.69%	52.77%	54.71%	60.86%
Operating Margin	-95.80%	-78.50%	-11.86%	-1.35%	-13.99%
Profit Margin	-66.15%	-48.29%	11.44%	-8.79%	-21.32%
Free Cash Flow Margin	-	-32.52%	-7.79%	-3.02%	-2.69%
EBITDA	-55.17	-57.1	-2.36	5.21	-12.58
EBITDA Margin	-69.54%	-57.52%	-1.43%	3.79%	-8.43%
D&A For EBITDA	20.84	20.84	17.21	7.07	8.31
EBIT	-76.01	-77.94	-19.57	-1.86	-20.89
EBIT Margin	-95.80%	-78.50%	-11.86%	-1.35%	-13.99%

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