HKG:2528 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
Revenue	913.6	938.32	1,008	959.9	1,228	884.46
Revenue Growth (YoY)	-5.89%	-6.89%	4.99%	-21.85%	38.88%	-41.57%
Cost of Revenue	473.28	517.54	540	505.66	577.19	488.18
Gross Profit	440.31	420.78	467.81	454.24	651.12	396.29
Selling, General & Admin	435.38	487.86	489.83	465.97	604.53	635.31
Other Operating Expenses	2.5	1.62	-17.91	-3.08	-16.78	-4.23
Operating Expenses	437.89	489.48	471.92	462.89	587.75	631.08
Operating Income	2.43	-68.7	-4.12	-8.65	63.37	-234.79
Interest Expense	-14.37	-17.14	-19.6	-18.93	-21.29	-25.89
Interest & Investment Income	1.07	1.99	1.24	0.39	0.86	1.11
Currency Exchange Gain (Loss)	5	-0.36	0.13	-9.47	2.17	2.52
EBT Excluding Unusual Items	-5.87	-84.21	-22.34	-36.66	45.1	-257.05
Impairment of Goodwill	-	-	-	-	-0.69	-
Gain (Loss) on Sale of Assets	-5.24	3.8	17.24	-1.05	5.48	-3.38
Asset Writedown	-0.51	-0.51	-13.21	-	-6.9	-
Legal Settlements	-	-	-	-	2.13	-2.33
Other Unusual Items	-	-	0.06	3.26	2	128.88
Pretax Income	-11.62	-80.92	-18.24	-34.45	47.12	-133.88
Income Tax Expense	11.73	4.16	1.55	2.06	15.49	2.49
Earnings From Continuing Operations	-23.35	-85.08	-19.79	-36.51	31.63	-136.36
Minority Interest in Earnings	5.6	8.19	2.94	3.37	0.53	5.22
Net Income	-17.75	-76.89	-16.85	-33.14	32.16	-131.14
Net Income to Common	-17.75	-76.89	-16.85	-33.14	32.16	-131.14
Shares Outstanding (Basic)	400	400	400	400	400	396
Shares Outstanding (Diluted)	400	400	400	400	400	396
Shares Change (YoY)	-	-	-	-	1.05%	31.94%
EPS (Basic)	-0.04	-0.19	-0.04	-0.08	0.08	-0.33
EPS (Diluted)	-0.04	-0.19	-0.04	-0.08	0.08	-0.33
Free Cash Flow	125.44	82.15	161.77	167.64	172.76	351.54
Free Cash Flow Per Share	0.31	0.20	0.40	0.42	0.43	0.89
Gross Margin	48.20%	44.84%	46.42%	47.32%	53.01%	44.80%
Operating Margin	0.27%	-7.32%	-0.41%	-0.90%	5.16%	-26.55%
Profit Margin	-1.94%	-8.20%	-1.67%	-3.45%	2.62%	-14.83%
Free Cash Flow Margin	13.73%	8.76%	16.05%	17.46%	14.06%	39.75%
EBITDA	41.36	-28.89	36.77	22.67	110.44	-169.65
EBITDA Margin	4.53%	-3.08%	3.65%	2.36%	8.99%	-19.18%
D&A For EBITDA	38.93	39.82	40.89	31.32	47.07	65.14
EBIT	2.43	-68.7	-4.12	-8.65	63.37	-234.79
EBIT Margin	0.27%	-7.32%	-0.41%	-0.90%	5.16%	-26.55%
Effective Tax Rate	-	-	-	-	32.87%	-
Advertising Expenses	-	-	-	21.65	22.43	17.19

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