Swire Properties 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	16,041	14,428	14,670	13,826	16,318
Other Revenue	555	1,272	829	945	972
Total Revenue	16,596	15,700	15,499	14,771	17,290
Revenue Growth (YoY	5.71%	1.30%	4.93%	-14.57%	22.68%
Property Expenses	5,384	4,258	4,284	4,303	5,801
Selling, General & Administrative	2,273	2,195	2,058	1,713	1,888
Other Operating Expenses	294	62	126	99	132
Total Operating Expenses	7,951	6,515	6,468	6,115	7,821
Operating Income	8,645	9,185	9,031	8,656	9,469
Interest Expense	-1,127	-1,037	-600	-196	-397
Interest & Investment Income	264	233	218	172	230
Currency Exchange Gain (Loss)	18	3	-241	-108	59
Other Non-Operating Income	-92	-188	-137	-162	-209
EBT Excluding Unusual Items	7,708	8,196	8,271	8,362	9,152
Gain (Loss) on Sale of Investments	-1,813	-446	-570	510	802
Gain (Loss) on Sale of Assets	-54	-230	-62	571	1,194
Asset Writedown	-6,095	-5,983	-3,271	849	-1,905
Pretax Income	-254	1,537	4,368	10,292	9,243
Income Tax Expense	1,297	2,138	1,617	2,065	1,964
Earnings From Continuing Operations	-1,551	-601	2,751	8,227	7,279
Minority Interest in Earnings	18	-165	-114	-247	-167
Net Income	-1,533	-766	2,637	7,980	7,112
Net Income to Common	-1,533	-766	2,637	7,980	7,112
Net Income Growth	-	-	-66.95%	12.21%	73.63%
Basic Shares Outstanding	5,769	5,846	5,850	5,850	5,850
Diluted Shares Outstanding	5,769	5,846	5,850	5,850	5,850
Shares Change (YoY)	-1.31%	-0.08%	-	-	-
EPS (Basic)	-0.27	-0.13	0.45	1.36	1.22
EPS (Diluted)	-0.27	-0.13	0.45	1.36	1.22
EPS Growth	-	-	-66.95%	12.21%	73.63%
Dividend Per Share	1.150	1.100	1.050	1.000	0.950
Dividend Growth	4.54%	4.76%	5.00%	5.26%	4.40%
Operating Margin	52.09%	58.50%	58.27%	58.60%	54.77%
Profit Margin	-9.24%	-4.88%	17.01%	54.02%	41.13%
EBITDA	9,017	9,519	9,328	8,909	9,764
EBITDA Margin	54.33%	60.63%	60.18%	60.31%	56.47%
D&A For Ebitda	372	334	297	253	295
EBIT	8,645	9,185	9,031	8,656	9,469
EBIT Margin	52.09%	58.50%	58.27%	58.60%	54.77%
Effective Tax Rate	-	139.10%	37.02%	20.06%	21.25%

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