HKG:2130 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	3,007	2,746	2,104	2,788	2,673
Revenue Growth (YoY)	9.53%	30.49%	-24.53%	4.29%	32.31%
Cost of Revenue	2,509	2,234	1,687	2,274	2,173
Gross Profit	498.18	511.72	417.42	513.76	500.36
Selling, General & Admin	417.43	409.61	380.32	347.59	321.32
Amortization of Goodwill & Intangibles	-	-	-	5.75	0.15
Other Operating Expenses	6.89	8.12	2.29	6.95	5.14
Operating Expenses	424.31	419.34	383.36	360.54	325.43
Operating Income	73.87	92.38	34.07	153.21	174.93
Interest Expense	-24.17	-27.07	-22.56	-13.75	-7.97
Interest & Investment Income	-	5.1	3.87	1.37	0.6
Earnings From Equity Investments	2.89	3.41	3.17	1.04	0.96
Currency Exchange Gain (Loss)	-	7.89	-1.25	-0.53	0.4
EBT Excluding Unusual Items	52.58	81.71	17.3	141.35	168.92
Gain (Loss) on Sale of Assets	-	-0.01	-0.1	1.04	0.4
Other Unusual Items	-	1.17	55.18	5.38	0.67
Pretax Income	52.58	82.87	72.38	147.76	169.98
Income Tax Expense	29.74	50.9	24.13	48.25	46.64
Earnings From Continuing Operations	22.85	31.97	48.25	99.51	123.35
Minority Interest in Earnings	-7.49	0.04	0.03	-12.88	-39.94
Net Income	15.36	32.01	48.28	86.63	83.41
Net Income to Common	15.36	32.01	48.28	86.63	83.41
Net Income Growth	-52.02%	-33.70%	-44.27%	3.86%	50.24%
Shares Outstanding (Basic)	295	293	293	269	254
Shares Outstanding (Diluted)	295	293	293	269	254
Shares Change (YoY)	0.91%	-	8.62%	6.27%	88.00%
EPS (Basic)	0.05	0.11	0.16	0.32	0.33
EPS (Diluted)	0.05	0.11	0.16	0.32	0.33
EPS Growth	-52.29%	-33.92%	-48.69%	-2.27%	-20.09%
Free Cash Flow	-	41.99	75.75	93.41	150.87
Free Cash Flow Per Share	-	0.14	0.26	0.35	0.59
Dividend Per Share	-	0.030	0.040	0.230	0.210
Dividend Growth	-	-25.00%	-82.61%	9.52%	40.00%
Gross Margin	16.57%	18.64%	19.84%	18.43%	18.72%
Operating Margin	2.46%	3.36%	1.62%	5.50%	6.54%
Profit Margin	0.51%	1.17%	2.30%	3.11%	3.12%
Free Cash Flow Margin	-	1.53%	3.60%	3.35%	5.64%
EBITDA	102.94	121.45	66.06	181.89	195.5
EBITDA Margin	3.42%	4.42%	3.14%	6.52%	7.31%
D&A For EBITDA	29.07	29.07	32	28.68	20.57
EBIT	73.87	92.38	34.07	153.21	174.93
EBIT Margin	2.46%	3.36%	1.62%	5.50%	6.54%
Effective Tax Rate	56.55%	61.42%	33.34%	32.66%	27.43%

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