HK Electric Investments and HK Electric Investments Limited (HKG:2638)

HKG:2638 Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	12,125	12,057	11,406	10,793	11,344
Revenue Growth (YoY)	0.56%	5.71%	5.68%	-4.86%	9.19%
Selling, General & Admin	409	385	341	348	312
Depreciation & Amortization	216	215	222	197	196
Other Operating Expenses	6,378	5,883	5,655	5,681	5,884
Total Operating Expenses	7,003	6,483	6,218	6,226	6,392
Operating Income	5,122	5,574	5,188	4,567	4,952
Interest Expense	-1,284	-1,408	-1,360	-961	-800
Interest Income	39	39	44	30	13
Net Interest Expense	-1,245	-1,369	-1,316	-931	-787
EBT Excluding Unusual Items	3,877	4,205	3,872	3,636	4,165
Gain (Loss) on Sale of Assets	-113	-125	-256	-88	-120
Other Unusual Items	71	-228	186	35	-377
Pretax Income	3,835	3,852	3,802	3,583	3,668
Income Tax Expense	686	741	646	629	735
Net Income	3,149	3,111	3,156	2,954	2,933
Net Income to Common	3,149	3,111	3,156	2,954	2,933
Net Income Growth	1.22%	-1.43%	6.84%	0.72%	7.36%
Shares Outstanding (Basic)	8,836	8,836	8,836	8,836	8,836
Shares Outstanding (Diluted)	8,836	8,836	8,836	8,836	8,836
EPS (Basic)	0.36	0.35	0.36	0.33	0.33
EPS (Diluted)	0.36	0.35	0.36	0.33	0.33
EPS Growth	1.22%	-1.43%	6.84%	0.72%	7.36%
Free Cash Flow	3,390	2,375	3,792	-993	1,363
Free Cash Flow Per Share	0.38	0.27	0.43	-0.11	0.15
Dividend Per Share	0.320	0.320	0.320	0.320	0.320
Profit Margin	25.97%	25.80%	27.67%	27.37%	25.86%
Free Cash Flow Margin	27.96%	19.70%	33.25%	-9.20%	12.02%
EBITDA	8,987	8,930	8,365	7,807	8,268
EBITDA Margin	74.12%	74.06%	73.34%	72.33%	72.88%
D&A For EBITDA	3,865	3,356	3,177	3,240	3,316
EBIT	5,122	5,574	5,188	4,567	4,952
EBIT Margin	42.24%	46.23%	45.48%	42.31%	43.65%
Effective Tax Rate	17.89%	19.24%	16.99%	17.55%	20.04%

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