HKG:1881 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
Rental Revenue	674.61	671.31	586.44	597.57	581.04	860.44
Other Revenue	30.61	29.91	31.32	18.88	12.51	10.96
Total Revenue	705.22	701.21	617.76	616.44	593.54	871.4
Revenue Growth (YoY	6.19%	13.51%	0.21%	3.86%	-31.89%	-10.68%
Property Expenses	114.26	113.24	109.78	105.44	100.74	108.07
Selling, General & Administrative	10.3	11.84	10.55	10.25	11.52	10.93
Depreciation & Amortization	8.17	8.01	7.73	7.94	7.71	8.27
Total Operating Expenses	132.74	133.09	128.05	123.62	119.97	127.27
Operating Income	572.48	568.12	489.71	492.82	473.57	744.13
Interest Expense	-589.62	-658.44	-612.73	-285.1	-148.35	-216.47
Interest & Investment Income	5.46	8.55	5.05	0.44	0.3	1.21
Other Non-Operating Income	3.37	10.13	-2.62	3.25	-3.07	-4.14
EBT Excluding Unusual Items	-8.31	-71.65	-120.6	211.41	322.45	524.73
Asset Writedown	-662.48	-128.81	366.92	754.69	309.28	-2,748
Other Unusual Items	-	-	-	-	-	0.89
Pretax Income	-670.79	-200.46	246.32	966.1	631.73	-2,222
Income Tax Expense	21.91	3.94	-19.41	36.2	54.64	87.4
Net Income	-692.7	-204.4	265.74	929.9	577.09	-2,310
Net Income to Common	-692.7	-204.4	265.74	929.9	577.09	-2,310
Net Income Growth	-	-	-71.42%	61.14%	-	-
Basic Shares Outstanding	3,257	3,257	3,257	3,257	3,257	3,257
Diluted Shares Outstanding	3,257	3,257	3,257	3,257	3,257	3,257
EPS (Basic)	-0.21	-0.06	0.08	0.29	0.18	-0.71
EPS (Diluted)	-0.21	-0.06	0.08	0.29	0.18	-0.71
EPS Growth	-	-	-71.42%	61.14%	-	-
Dividend Per Share	-	-	-	0.061	0.086	0.136
Dividend Growth	-	-	-	-29.07%	-36.77%	9.68%
Operating Margin	81.18%	81.02%	79.27%	79.95%	79.79%	85.39%
Profit Margin	-98.22%	-29.15%	43.02%	150.85%	97.23%	-265.07%
EBITDA	580.66	576.14	497.44	500.76	481.28	752.4
EBITDA Margin	82.34%	82.16%	80.52%	81.23%	81.09%	86.34%
D&A For Ebitda	8.17	8.01	7.73	7.94	7.71	8.27
EBIT	572.48	568.12	489.71	492.82	473.57	744.13
EBIT Margin	81.18%	81.02%	79.27%	79.95%	79.79%	85.39%
Effective Tax Rate	-	-	-	3.75%	8.65%	-
Revenue as Reported	705.22	701.21	617.76	616.44	593.54	871.4

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