Time Watch Investments Limited (HKG:2033)

Time Watch Investments Income Statement

Financials in millions HKD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	689.43	881.04	981.76	1,408	1,918
Revenue Growth (YoY)	-21.75%	-10.26%	-30.28%	-26.58%	11.09%
Cost of Revenue	211.63	239.88	260.76	385.81	471.15
Gross Profit	477.8	641.16	721	1,022	1,447
Selling, General & Admin	561.47	662.15	721.97	1,027	1,194
Operating Expenses	560.73	661.32	723.43	1,026	1,190
Operating Income	-82.93	-20.17	-2.43	-3.75	257.14
Interest Expense	-0.59	-0.62	-0.84	-0.85	-1.03
Interest & Investment Income	57.03	65.1	56.43	48.7	54.49
Earnings From Equity Investments	-	-	0.07	1.06	2.4
Currency Exchange Gain (Loss)	5.75	-2.55	-42.39	-11.67	13.74
Other Non Operating Income (Expenses)	17.99	25.37	40.14	13.35	37.45
EBT Excluding Unusual Items	-2.75	67.13	50.98	46.84	364.2
Gain (Loss) on Sale of Investments	3.27	-7.18	-0.92	-1.58	-2.74
Gain (Loss) on Sale of Assets	-4.43	-6.63	-1.09	-10.49	-9.87
Asset Writedown	-26.55	-10.54	-4.39	-11.06	17.7
Other Unusual Items	-	-	0.93	-	2.7
Pretax Income	-30.47	42.78	45.52	23.71	371.99
Income Tax Expense	-11.62	8.74	7.5	-7.93	103.46
Earnings From Continuing Operations	-18.85	34.04	38.02	31.63	268.53
Net Income to Company	-18.85	34.04	38.02	31.63	268.53
Minority Interest in Earnings	1.31	-0.4	-0.95	1.39	-9.42
Net Income	-17.54	33.64	37.07	33.02	259.1
Net Income to Common	-17.54	33.64	37.07	33.02	259.1
Net Income Growth	-	-9.26%	12.26%	-87.26%	183.48%
Shares Outstanding (Basic)	2,058	2,058	2,058	2,075	2,080
Shares Outstanding (Diluted)	2,058	2,058	2,058	2,075	2,080
Shares Change (YoY)	-	-	-0.80%	-0.25%	-0.00%
EPS (Basic)	-0.01	0.02	0.02	0.02	0.12
EPS (Diluted)	-0.01	0.02	0.02	0.02	0.12
EPS Growth	-	-9.27%	13.17%	-87.22%	183.49%
Free Cash Flow	61.84	140.54	33.79	85.53	284.99
Free Cash Flow Per Share	0.03	0.07	0.02	0.04	0.14
Dividend Per Share	-	0.007	0.008	0.007	-
Dividend Growth	-	-12.50%	14.29%	-	-
Gross Margin	69.30%	72.77%	73.44%	72.60%	75.44%
Operating Margin	-12.03%	-2.29%	-0.25%	-0.27%	13.41%
Profit Margin	-2.54%	3.82%	3.78%	2.34%	13.51%
Free Cash Flow Margin	8.97%	15.95%	3.44%	6.07%	14.86%
EBITDA	-44.8	26.88	49.15	67.65	323.3
EBITDA Margin	-6.50%	3.05%	5.01%	4.81%	16.86%
D&A For EBITDA	38.13	47.05	51.57	71.4	66.16
EBIT	-82.93	-20.17	-2.43	-3.75	257.14
EBIT Margin	-12.03%	-2.29%	-0.25%	-0.27%	13.41%
Effective Tax Rate	-	20.43%	16.47%	-	27.81%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.