Ten Pao Group 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	5,559	5,386	4,823	5,481	6,363
Revenue Growth (YoY)	3.21%	11.66%	-12.00%	-13.85%	41.75%
Cost of Revenue	4,547	4,338	3,916	4,566	5,302
Gross Profit	1,012	1,048	907.2	915.78	1,060
Selling, General & Admin	645.08	654.54	584.21	597.2	631.41
Other Operating Expenses	-34.17	-48.15	-57.41	-53.01	-65.54
Operating Expenses	610.18	616.7	527.22	545.22	567.67
Operating Income	401.4	431.45	379.99	370.56	492.66
Interest Expense	-12.85	-8.67	-10.85	-14.56	-7.49
Interest & Investment Income	21.09	17.1	7.28	2.07	2.98
Currency Exchange Gain (Loss)	7.32	12.39	15.86	12.52	-27.89
EBT Excluding Unusual Items	416.96	452.27	392.27	370.59	460.26
Gain (Loss) on Sale of Investments	-0.79	8.76	7.11	-5.25	0.08
Gain (Loss) on Sale of Assets	12.02	-3.19	1.82	-1.75	-0.95
Asset Writedown	-2	-30.79	-13.32	-11.82	-2.41
Pretax Income	426.19	427.05	387.88	351.78	456.98
Income Tax Expense	45.82	43.46	59.68	55.25	68.46
Earnings From Continuing Operations	380.37	383.59	328.2	296.53	388.52
Minority Interest in Earnings	0.26	0.3	0.65	0.37	-9.9
Net Income	380.63	383.9	328.86	296.9	378.62
Net Income to Common	380.63	383.9	328.86	296.9	378.62
Net Income Growth	-0.85%	16.74%	10.76%	-21.58%	30.98%
Shares Outstanding (Basic)	1,030	1,030	1,030	1,012	1,000
Shares Outstanding (Diluted)	1,030	1,030	1,030	1,012	1,000
Shares Change (YoY)	-	-	1.83%	1.14%	-
EPS (Basic)	0.37	0.37	0.32	0.29	0.38
EPS (Diluted)	0.37	0.37	0.32	0.29	0.38
EPS Growth	-0.85%	16.74%	8.77%	-22.47%	30.98%
Free Cash Flow	27.21	425.42	178.16	402.97	-338.51
Free Cash Flow Per Share	0.03	0.41	0.17	0.40	-0.34
Dividend Per Share	0.128	0.112	0.124	0.061	0.113
Dividend Growth	14.29%	-9.68%	103.28%	-46.02%	32.94%
Gross Margin	18.20%	19.46%	18.81%	16.71%	16.66%
Operating Margin	7.22%	8.01%	7.88%	6.76%	7.74%
Profit Margin	6.85%	7.13%	6.82%	5.42%	5.95%
Free Cash Flow Margin	0.49%	7.90%	3.69%	7.35%	-5.32%
EBITDA	537.89	568.49	532.89	512.55	608.6
EBITDA Margin	9.68%	10.55%	11.05%	9.35%	9.56%
D&A For EBITDA	136.49	137.04	152.91	141.99	115.95
EBIT	401.4	431.45	379.99	370.56	492.66
EBIT Margin	7.22%	8.01%	7.88%	6.76%	7.74%
Effective Tax Rate	10.75%	10.18%	15.38%	15.71%	14.98%

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