HKG:2349 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	59.71	48.43	51.78	65.59	64.33
Revenue Growth (YoY)	23.29%	-6.47%	-21.06%	1.96%	-12.76%
Cost of Revenue	22.71	46.12	44.04	34.6	21.48
Gross Profit	37.01	2.32	7.74	30.99	42.86
Selling, General & Admin	25.95	28	30.49	37.12	52.25
Other Operating Expenses	-2.16	4.47	4.99	-0.66	-1.92
Operating Expenses	26.12	34.35	39.05	41.99	52.59
Operating Income	10.88	-32.03	-31.31	-11	-9.74
Interest Expense	-39.47	-42.37	-45.2	-75.44	-95.86
Interest & Investment Income	-	0.06	0.97	1.58	0.1
EBT Excluding Unusual Items	-28.59	-74.34	-75.54	-84.86	-105.5
Gain (Loss) on Sale of Assets	0	83.5	-	0.71	0
Asset Writedown	-90.11	-94.81	-33.27	-6.22	-76.5
Other Unusual Items	-	-	-	-	3.94
Pretax Income	-118.69	-85.65	-108.81	-90.36	-178.05
Income Tax Expense	-22.49	-19.86	2.52	16.89	-19.12
Earnings From Continuing Operations	-96.21	-65.79	-111.33	-107.25	-158.93
Earnings From Discontinued Operations	-	-	-	-6.96	-8.18
Net Income to Company	-96.21	-65.79	-111.33	-114.22	-167.11
Net Income	-96.21	-65.79	-111.33	-114.22	-167.11
Net Income to Common	-96.21	-65.79	-111.33	-114.22	-167.11
Shares Outstanding (Basic)	3,124	3,128	3,128	3,128	3,128
Shares Outstanding (Diluted)	3,124	3,128	3,128	3,128	3,128
Shares Change (YoY)	-0.15%	-	-	-	-
EPS (Basic)	-0.03	-0.02	-0.04	-0.04	-0.05
EPS (Diluted)	-0.03	-0.02	-0.04	-0.04	-0.05
Free Cash Flow	-	5.82	1.16	-13.72	-5.79
Free Cash Flow Per Share	-	0.00	-	-0.00	-0.00
Gross Margin	61.98%	4.78%	14.95%	47.25%	66.62%
Operating Margin	18.23%	-66.14%	-60.47%	-16.77%	-15.13%
Profit Margin	-161.13%	-135.83%	-215.01%	-174.13%	-259.77%
Free Cash Flow Margin	-	12.02%	2.24%	-20.91%	-9.01%
EBITDA	10.99	-31.93	-31.18	-10.82	-8.16
EBITDA Margin	18.40%	-65.92%	-60.22%	-16.49%	-12.68%
D&A For EBITDA	0.1	0.1	0.13	0.18	1.58
EBIT	10.88	-32.03	-31.31	-11	-9.74
EBIT Margin	18.23%	-66.14%	-60.47%	-16.77%	-15.13%

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