Tian Chang 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	518.78	539.61	697.51	1,144	1,118
Revenue Growth (YoY)	-3.86%	-22.64%	-39.02%	2.35%	41.95%
Cost of Revenue	410.77	429.49	561.6	883.87	863.83
Gross Profit	108.01	110.12	135.91	260.07	253.86
Selling, General & Admin	117.49	122.33	119.38	136.51	133.71
Operating Expenses	118.33	124.18	118.81	136.29	134.06
Operating Income	-10.32	-14.06	17.1	123.78	119.8
Interest Expense	-1.33	-2.8	-5.44	-7.21	-7.67
Interest & Investment Income	1.7	3.04	2.93	0.93	0.79
Currency Exchange Gain (Loss)	-2.3	-1.55	-2.56	-7.58	0.87
Other Non Operating Income (Expenses)	3.83	3.76	8.14	7	6.31
EBT Excluding Unusual Items	-8.43	-11.61	20.18	116.91	120.11
Gain (Loss) on Sale of Investments	0.47	0.86	0.95	0.91	0.87
Gain (Loss) on Sale of Assets	-	-0.12	-0.03	-0.42	-0.24
Asset Writedown	-0	-0.02	-0.19	-0.57	-8.33
Other Unusual Items	-	0.1	5.01	-	-
Pretax Income	-7.96	-10.79	25.92	116.83	112.41
Income Tax Expense	6.5	2.88	2.46	10.88	16.14
Net Income	-14.46	-13.67	23.46	105.95	96.26
Net Income to Common	-14.46	-13.67	23.46	105.95	96.26
Net Income Growth	-	-	-77.86%	10.06%	30.59%
Shares Outstanding (Basic)	620	620	620	620	620
Shares Outstanding (Diluted)	620	620	626	623	625
Shares Change (YoY)	-	-0.99%	0.44%	-0.31%	0.81%
EPS (Basic)	-0.02	-0.02	0.04	0.17	0.16
EPS (Diluted)	-0.02	-0.02	0.04	0.17	0.15
EPS Growth	-	-	-77.93%	10.40%	29.54%
Free Cash Flow	37.67	31.15	91.05	144.85	31.79
Free Cash Flow Per Share	0.06	0.05	0.14	0.23	0.05
Dividend Per Share	-	-	0.015	0.020	0.020
Dividend Growth	-	-	-25.00%	-	33.33%
Gross Margin	20.82%	20.41%	19.48%	22.73%	22.71%
Operating Margin	-1.99%	-2.60%	2.45%	10.82%	10.72%
Profit Margin	-2.79%	-2.53%	3.36%	9.26%	8.61%
Free Cash Flow Margin	7.26%	5.77%	13.05%	12.66%	2.84%
EBITDA	35.33	32.42	64.14	165.99	161
EBITDA Margin	6.81%	6.01%	9.20%	14.51%	14.41%
D&A For EBITDA	45.65	46.48	47.04	42.21	41.21
EBIT	-10.32	-14.06	17.1	123.78	119.8
EBIT Margin	-1.99%	-2.60%	2.45%	10.82%	10.72%
Effective Tax Rate	-	-	9.51%	9.31%	14.36%

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