HKG:1881 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
Rental Revenue	677.99	671.31	586.44	597.57	581.04
Other Revenue	32.49	29.91	31.32	18.88	12.51
Total Revenue	710.47	701.21	617.76	616.44	593.54
Revenue Growth (YoY	1.32%	13.51%	0.21%	3.86%	-31.89%
Property Expenses	114.34	113.24	109.78	105.44	100.74
Selling, General & Administrative	10.37	11.84	10.55	10.25	11.52
Depreciation & Amortization	9.21	8.01	7.73	7.94	7.71
Total Operating Expenses	133.92	133.09	128.05	123.62	119.97
Operating Income	576.55	568.12	489.71	492.82	473.57
Interest Expense	-496.33	-658.44	-612.73	-285.1	-148.35
Interest & Investment Income	3.85	8.55	5.05	0.44	0.3
Other Non-Operating Income	-15.35	10.13	-2.62	3.25	-3.07
EBT Excluding Unusual Items	68.72	-71.65	-120.6	211.41	322.45
Asset Writedown	-188.54	-128.81	366.92	754.69	309.28
Pretax Income	-119.82	-200.46	246.32	966.1	631.73
Income Tax Expense	52.07	3.94	-19.41	36.2	54.64
Net Income	-171.9	-204.4	265.74	929.9	577.09
Net Income to Common	-171.9	-204.4	265.74	929.9	577.09
Net Income Growth	-	-	-71.42%	61.14%	-
Basic Shares Outstanding	3,257	3,257	3,257	3,257	3,257
Diluted Shares Outstanding	3,257	3,257	3,257	3,257	3,257
EPS (Basic)	-0.05	-0.06	0.08	0.29	0.18
EPS (Diluted)	-0.05	-0.06	0.08	0.29	0.18
EPS Growth	-	-	-71.42%	61.14%	-
Dividend Per Share	0.009	-	-	0.061	0.086
Dividend Growth	-	-	-	-29.07%	-36.77%
Operating Margin	81.15%	81.02%	79.27%	79.95%	79.79%
Profit Margin	-24.19%	-29.15%	43.02%	150.85%	97.23%
EBITDA	584.76	576.14	497.44	500.76	481.28
EBITDA Margin	82.30%	82.16%	80.52%	81.23%	81.09%
D&A For Ebitda	8.21	8.01	7.73	7.94	7.71
EBIT	576.55	568.12	489.71	492.82	473.57
EBIT Margin	81.15%	81.02%	79.27%	79.95%	79.79%
Effective Tax Rate	-	-	-	3.75%	8.65%
Revenue as Reported	710.47	701.21	617.76	616.44	593.54

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