Phoenix Media Investment (Holdings) Limited (HKG:2008)

HKG:2008 Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,053	2,235	2,468	3,004	3,159
Revenue Growth (YoY)	-8.15%	-9.43%	-17.84%	-4.92%	4.30%
Cost of Revenue	2,020	2,110	2,328	2,884	2,937
Gross Profit	32.8	125.29	140.2	120.19	222.31
Selling, General & Admin	336.66	376.61	428.18	515.52	869.6
Other Operating Expenses	-40.49	-	-	-	-30.69
Operating Expenses	296.17	379.15	474.63	498.81	838.91
Operating Income	-263.37	-253.86	-334.44	-378.62	-616.6
Interest Expense	-19.01	-29.81	-37.17	-44.4	-43.97
Interest & Investment Income	32.61	49.11	56.63	59.18	79.42
Earnings From Equity Investments	-3.74	-16.25	-13.07	-7.63	3.19
Currency Exchange Gain (Loss)	-	-7.22	-4.87	-113.01	45.05
Other Non Operating Income (Expenses)	-	6.32	22.15	91.43	-
EBT Excluding Unusual Items	-253.52	-251.72	-310.76	-393.05	-532.92
Gain (Loss) on Sale of Investments	-	1.16	4.73	-37.09	-7.08
Gain (Loss) on Sale of Assets	-	5.55	9.03	18.6	-1.01
Asset Writedown	-	-78.17	-34.29	-6.28	0.04
Other Unusual Items	-	6.75	12.95	-	-
Pretax Income	-253.52	-316.42	-318.34	-417.81	-540.97
Income Tax Expense	-10.03	-20.67	16.36	29.06	84.27
Earnings From Continuing Operations	-243.49	-295.75	-334.69	-446.88	-625.24
Minority Interest in Earnings	16.74	43.15	75.71	63.54	169.04
Net Income	-226.75	-252.61	-258.99	-383.34	-456.2
Net Income to Common	-226.75	-252.61	-258.99	-383.34	-456.2
Shares Outstanding (Basic)	499	499	499	499	499
Shares Outstanding (Diluted)	499	499	499	499	499
Shares Change (YoY)	-	-	-	-	0.00%
EPS (Basic)	-0.45	-0.51	-0.52	-0.77	-0.91
EPS (Diluted)	-0.45	-0.51	-0.52	-0.77	-0.91
Free Cash Flow	-	312.26	-108.07	202.01	-242.19
Free Cash Flow Per Share	-	0.63	-0.22	0.41	-0.48
Gross Margin	1.60%	5.61%	5.68%	4.00%	7.04%
Operating Margin	-12.83%	-11.36%	-13.55%	-12.61%	-19.52%
Profit Margin	-11.05%	-11.30%	-10.49%	-12.76%	-14.44%
Free Cash Flow Margin	-	13.97%	-4.38%	6.73%	-7.67%
EBITDA	-170.82	-161.31	-224.4	-254.59	-458.43
EBITDA Margin	-8.32%	-7.22%	-9.09%	-8.48%	-14.51%
D&A For EBITDA	92.55	92.55	110.04	124.03	158.17
EBIT	-263.37	-253.86	-334.44	-378.62	-616.6
EBIT Margin	-12.83%	-11.36%	-13.55%	-12.61%	-19.52%

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