HKG:2528 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	870.18	938.32	1,008	959.9	1,228
Revenue Growth (YoY)	-7.26%	-6.89%	4.99%	-21.85%	38.88%
Cost of Revenue	456.27	517.54	540	505.66	577.19
Gross Profit	413.91	420.78	467.81	454.24	651.12
Selling, General & Admin	343.08	487.86	489.83	465.97	604.53
Other Operating Expenses	-0.26	1.62	-17.91	-3.08	-16.78
Operating Expenses	342.83	489.48	471.92	462.89	587.75
Operating Income	71.08	-68.7	-4.12	-8.65	63.37
Interest Expense	-13.03	-17.14	-19.6	-18.93	-21.29
Interest & Investment Income	0.53	1.99	1.24	0.39	0.86
Currency Exchange Gain (Loss)	-5.8	-0.36	0.13	-9.47	2.17
EBT Excluding Unusual Items	52.78	-84.21	-22.34	-36.66	45.1
Impairment of Goodwill	-	-	-	-	-0.69
Gain (Loss) on Sale of Assets	-	3.8	17.24	-1.05	5.48
Asset Writedown	-	-0.51	-13.21	-	-6.9
Legal Settlements	-	-	-	-	2.13
Other Unusual Items	13.8	-	0.06	3.26	2
Pretax Income	66.58	-80.92	-18.24	-34.45	47.12
Income Tax Expense	6.63	4.16	1.55	2.06	15.49
Earnings From Continuing Operations	59.95	-85.08	-19.79	-36.51	31.63
Minority Interest in Earnings	-2.28	8.19	2.94	3.37	0.53
Net Income	57.67	-76.89	-16.85	-33.14	32.16
Net Income to Common	57.67	-76.89	-16.85	-33.14	32.16
Shares Outstanding (Basic)	400	400	400	400	400
Shares Outstanding (Diluted)	400	400	400	400	400
Shares Change (YoY)	-	-	-	-	1.05%
EPS (Basic)	0.14	-0.19	-0.04	-0.08	0.08
EPS (Diluted)	0.14	-0.19	-0.04	-0.08	0.08
Free Cash Flow	-	82.15	161.77	167.64	172.76
Free Cash Flow Per Share	-	0.20	0.40	0.42	0.43
Gross Margin	47.57%	44.84%	46.42%	47.32%	53.01%
Operating Margin	8.17%	-7.32%	-0.41%	-0.90%	5.16%
Profit Margin	6.63%	-8.20%	-1.67%	-3.45%	2.62%
Free Cash Flow Margin	-	8.76%	16.05%	17.46%	14.06%
EBITDA	110.9	-28.89	36.77	22.67	110.44
EBITDA Margin	12.74%	-3.08%	3.65%	2.36%	8.99%
D&A For EBITDA	39.82	39.82	40.89	31.32	47.07
EBIT	71.08	-68.7	-4.12	-8.65	63.37
EBIT Margin	8.17%	-7.32%	-0.41%	-0.90%	5.16%
Effective Tax Rate	9.95%	-	-	-	32.87%
Advertising Expenses	-	-	-	21.65	22.43

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