HKG:2191 Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	448.74	445.99	444.92	421.47	366.41	279
Total Revenue	448.74	445.99	444.92	421.47	366.41	279
Revenue Growth (YoY	1.26%	0.24%	5.56%	15.03%	31.33%	3.60%
Property Expenses	89.1	92.34	87.26	77.91	63.33	57.07
Selling, General & Administrative	32.33	33.03	37.44	31.97	43.99	0.97
Depreciation & Amortization	-	-	-	-	-	0.57
Other Operating Expenses	-3.49	-39.67	-3.14	-1.55	9.18	3.11
Total Operating Expenses	117.94	85.7	121.57	108.33	116.51	61.73
Operating Income	330.8	360.29	323.35	313.14	249.9	217.27
Interest Expense	-107.74	-117.06	-113.96	-73.2	-34.04	-118.43
Interest & Investment Income	4.7	7	9.2	3.54	0.16	0.14
Currency Exchange Gain (Loss)	0.3	-1.32	-0.36	-0.68	-5.95	-3.1
EBT Excluding Unusual Items	228.06	248.91	218.23	242.81	210.08	95.89
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0
Asset Writedown	-1,038	-614.44	55.01	301.23	121.26	-53.84
Other Unusual Items	-	-	-	-	-	0.28
Pretax Income	-809.63	-365.53	273.25	544.04	331.34	42.33
Income Tax Expense	-140.68	-71	53.78	104.36	69.93	15.45
Net Income	-668.95	-294.53	219.47	439.67	261.41	26.88
Net Income to Common	-668.95	-294.53	219.47	439.67	261.41	26.88
Net Income Growth	-	-	-50.08%	68.19%	872.49%	-84.62%
Basic Shares Outstanding	816	811	802	800	800	-
Diluted Shares Outstanding	816	811	807	800	800	-
Shares Change (YoY)	0.62%	0.46%	0.90%	-	-	-
EPS (Basic)	-0.82	-0.36	0.27	0.55	0.33	-
EPS (Diluted)	-0.82	-0.36	0.27	0.55	0.33	-
EPS Growth	-	-	-50.53%	68.23%	-	-
Dividend Per Share	0.258	0.274	0.287	0.277	0.259	-
Dividend Growth	-10.20%	-4.40%	3.32%	7.27%	-	-
Operating Margin	73.72%	80.78%	72.68%	74.30%	68.20%	77.88%
Profit Margin	-149.07%	-66.04%	49.33%	104.32%	71.34%	9.63%
EBITDA	332.98	362.4	325.53	314.71	251.4	218.72
EBITDA Margin	74.20%	81.26%	73.17%	74.67%	68.61%	78.39%
D&A For Ebitda	2.19	2.11	2.18	1.57	1.49	1.45
EBIT	330.8	360.29	323.35	313.14	249.9	217.27
EBIT Margin	73.72%	80.78%	72.68%	74.30%	68.20%	77.88%
Effective Tax Rate	-	-	19.68%	19.18%	21.11%	36.49%

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