MetaLight Inc. (HKG:2605)

MetaLight Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	206.31	206.14	174.54	135.38
Revenue Growth (YoY)	0.08%	18.11%	28.92%	-
Cost of Revenue	46.45	48.69	40.49	36.18
Gross Profit	159.86	157.45	134.05	99.2
Selling, General & Admin	111.89	94.49	72.66	47.46
Research & Development	49.93	42.51	28.3	19.08
Other Operating Expenses	-	-	0.8	0.4
Operating Expenses	162.58	138.88	101.76	67.4
Operating Income	-2.72	18.56	32.29	31.81
Interest Expense	-0.74	-1.35	-1.9	-2.1
Interest & Investment Income	6.6	3.05	2.54	2.75
Earnings From Equity Investments	-	-	-	-0.3
Currency Exchange Gain (Loss)	-0.55	0.18	0.01	0
Other Non Operating Income (Expenses)	-115.84	-44.25	-50.5	-50.85
EBT Excluding Unusual Items	-113.24	-23.81	-17.56	-18.7
Gain (Loss) on Sale of Investments	-4	1.88	0.59	-2.84
Gain (Loss) on Sale of Assets	-	-	-	-0.12
Other Unusual Items	0.04	0.18	-	0.3
Pretax Income	-117.21	-21.74	-16.97	-21.36
Income Tax Expense	10.36	4.39	3.36	-1.32
Net Income	-127.57	-26.14	-20.33	-20.04
Net Income to Common	-127.57	-26.14	-20.33	-20.04
Shares Outstanding (Basic)	115	58	35	35
Shares Outstanding (Diluted)	115	58	35	35
Shares Change (YoY)	98.18%	64.98%	0.28%	-
EPS (Basic)	-1.11	-0.45	-0.58	-0.57
EPS (Diluted)	-1.11	-0.45	-0.58	-0.57
Free Cash Flow	8.1	56.42	40.05	12.13
Free Cash Flow Per Share	0.07	0.97	1.14	0.35
Gross Margin	77.48%	76.38%	76.80%	73.28%
Operating Margin	-1.32%	9.01%	18.50%	23.49%
Profit Margin	-61.83%	-12.68%	-11.65%	-14.80%
Free Cash Flow Margin	3.93%	27.37%	22.94%	8.96%
EBITDA	-2.26	19.09	32.71	32.07
EBITDA Margin	-1.09%	9.26%	18.74%	23.69%
D&A For EBITDA	0.46	0.52	0.43	0.26
EBIT	-2.72	18.56	32.29	31.81
EBIT Margin	-1.32%	9.01%	18.50%	23.49%
Advertising Expenses	-	-	19.48	14.02

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