Gilston Group 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	383.1	333.38	266.55	215.58	239.72
Revenue Growth (YoY)	14.92%	25.07%	23.64%	-10.07%	40.94%
Cost of Revenue	174.18	157.87	156.01	145.87	167.8
Gross Profit	208.92	175.51	110.54	69.71	71.91
Selling, General & Admin	160.17	124.58	116.91	80.4	81.55
Other Operating Expenses	-2.1	-15.12	-1.35	-0.89	-2.17
Operating Expenses	158.86	109.09	115.92	79.33	79.37
Operating Income	50.06	66.42	-5.38	-9.62	-7.46
Interest Expense	-8.49	-3.75	-3.22	-3.85	-3.72
Interest & Investment Income	0.52	1.37	1.07	0.5	0.57
Currency Exchange Gain (Loss)	2.29	-0.29	2.07	13.25	-4.4
EBT Excluding Unusual Items	44.38	63.75	-5.46	0.28	-15
Gain (Loss) on Sale of Assets	0.46	-3.63	-8.96	-0.02	-1.83
Asset Writedown	-	-	-56.18	-	-0.11
Other Unusual Items	-	3.57	-	0.28	-
Pretax Income	44.84	63.69	-70.6	0.54	-16.94
Income Tax Expense	14.58	30.78	9.27	-0.11	-0.03
Earnings From Continuing Operations	30.27	32.9	-79.87	0.66	-16.91
Net Income to Company	30.27	32.9	-79.87	0.66	-16.91
Minority Interest in Earnings	-6.45	-0.6	10.83	-2.55	-0.59
Net Income	23.81	32.3	-69.04	-1.89	-17.5
Net Income to Common	23.81	32.3	-69.04	-1.89	-17.5
Net Income Growth	-26.27%	-	-	-	-
Shares Outstanding (Basic)	574	574	558	509	465
Shares Outstanding (Diluted)	587	586	558	509	465
Shares Change (YoY)	0.18%	5.02%	9.61%	9.48%	-
EPS (Basic)	0.04	0.06	-0.12	-0.00	-0.04
EPS (Diluted)	0.04	0.06	-0.12	-0.00	-0.04
EPS Growth	-25.45%	-	-	-	-
Free Cash Flow	125.27	-1.39	-13.17	1.44	16.12
Free Cash Flow Per Share	0.21	-0.00	-0.02	0.00	0.04
Gross Margin	54.53%	52.65%	41.47%	32.34%	30.00%
Operating Margin	13.07%	19.92%	-2.02%	-4.46%	-3.11%
Profit Margin	6.22%	9.69%	-25.90%	-0.88%	-7.30%
Free Cash Flow Margin	32.70%	-0.42%	-4.94%	0.67%	6.73%
EBITDA	80.33	79.85	6.6	4.79	6.88
EBITDA Margin	20.97%	23.95%	2.47%	2.22%	2.87%
D&A For EBITDA	30.27	13.43	11.97	14.41	14.33
EBIT	50.06	66.42	-5.38	-9.62	-7.46
EBIT Margin	13.07%	19.92%	-2.02%	-4.46%	-3.11%
Effective Tax Rate	32.51%	48.33%	-	-	-

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