HKG:2878 Income Statement

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

Millions USD. 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	97.46	113.44	153.15	190.84	168.12	121.26
Revenue Growth (YoY)	-24.88%	-25.93%	-19.75%	13.52%	38.64%	11.94%
Cost of Revenue	61.08	75.39	106.81	125.37	100.87	85.42
Gross Profit	36.38	38.05	46.34	65.47	67.25	35.85
Selling, General & Admin	14.84	14.77	13.79	12.48	14.17	13.58
Research & Development	20.62	18.67	17.8	27.07	30.42	16.88
Operating Expenses	35.45	33.44	31.59	39.55	44.59	30.46
Operating Income	0.92	4.61	14.75	25.93	22.66	5.39
Interest Expense	-0.19	-0.13	-0.08	-0.12	-0.06	-0.1
Interest & Investment Income	4.16	4.12	2.55	0.36	0.28	0.18
Earnings From Equity Investments	0.13	0.14	-0.01	-0.11	0.17	0.21
Currency Exchange Gain (Loss)	1.09	1.09	1.38	-	-	-
Other Non Operating Income (Expenses)	0.62	0.36	0.9	1.76	1.06	5.52
EBT Excluding Unusual Items	6.72	10.17	19.49	27.82	24.11	11.2
Gain (Loss) on Sale of Assets	-0.07	-0.07	0	0.09	-0.33	0.68
Pretax Income	6.65	10.1	19.49	27.91	23.78	11.88
Income Tax Expense	-0.01	-0.03	0.05	0.08	0.05	0.2
Earnings From Continuing Operations	6.66	10.13	19.44	27.82	23.73	11.68
Minority Interest in Earnings	-	-	-	0.01	0.05	0.04
Net Income	6.66	10.13	19.44	27.83	23.78	11.72
Net Income to Common	6.66	10.13	19.44	27.83	23.78	11.72
Net Income Growth	-51.55%	-47.90%	-30.14%	17.03%	103.00%	-
Shares Outstanding (Basic)	2,497	2,496	2,495	2,494	2,488	2,480
Shares Outstanding (Diluted)	2,497	2,496	2,495	2,495	2,491	2,481
Shares Change (YoY)	0.06%	0.04%	-0.01%	0.18%	0.42%	0.01%
EPS (Basic)	0.00	0.00	0.01	0.01	0.01	0.00
EPS (Diluted)	0.00	0.00	0.01	0.01	0.01	0.00
EPS Growth	-52.80%	-48.68%	-29.16%	15.08%	102.37%	-
Free Cash Flow	11.02	17.79	36.72	15.05	-7.52	32.99
Free Cash Flow Per Share	0.00	0.01	0.01	0.01	-0.00	0.01
Dividend Per Share	-	-	-	-	0.001	0.001
Gross Margin	37.33%	33.54%	30.26%	34.31%	40.00%	29.56%
Operating Margin	0.95%	4.06%	9.63%	13.59%	13.48%	4.45%
Profit Margin	6.84%	8.93%	12.70%	14.58%	14.15%	9.66%
Free Cash Flow Margin	11.30%	15.68%	23.98%	7.89%	-4.47%	27.21%
EBITDA	2.57	6.19	16.14	27.72	24.25	7.17
EBITDA Margin	2.64%	5.46%	10.54%	14.53%	14.42%	5.91%
D&A For EBITDA	1.65	1.59	1.39	1.8	1.59	1.78
EBIT	0.92	4.61	14.75	25.93	22.66	5.39
EBIT Margin	0.95%	4.06%	9.63%	13.59%	13.48%	4.45%
Effective Tax Rate	-	-	0.23%	0.30%	0.20%	1.67%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.