Modern Dental Group 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	3,737	3,364	3,172	2,830	2,955
Revenue Growth (YoY)	11.07%	6.05%	12.08%	-4.23%	34.93%
Cost of Revenue	1,652	1,565	1,471	1,447	1,405
Gross Profit	2,085	1,799	1,701	1,383	1,551
Selling, General & Admin	1,322	1,218	1,162	1,077	1,057
Other Operating Expenses	8.21	1.73	0.59	0.42	0.66
Operating Expenses	1,330	1,220	1,163	1,078	1,057
Operating Income	754.89	578.81	538.1	305.67	493.21
Interest Expense	-33.97	-51.32	-40.74	-24.33	-20.1
Interest & Investment Income	4.92	9.17	1.89	1.12	1.16
Earnings From Equity Investments	0.03	-1.16	-0.29	0.39	0.54
Currency Exchange Gain (Loss)	23.54	-26.22	-2.87	-6.63	-17.3
Other Non Operating Income (Expenses)	24.25	20.32	13.99	14.85	7.68
EBT Excluding Unusual Items	773.67	529.61	510.07	291.07	465.19
Merger & Restructuring Charges	-13.42	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.13	-0.55	-0.4	-0.5
Asset Writedown	-1.32	-2.76	-0.7	-0.12	-0.61
Other Unusual Items	0.57	0.16	0.76	-0.41	0.01
Pretax Income	759.5	527.14	509.59	290.15	464.09
Income Tax Expense	158.25	120.2	107.41	69.6	103.71
Earnings From Continuing Operations	601.25	406.94	402.18	220.55	360.38
Minority Interest in Earnings	-4.28	1.06	1.93	-0.09	0.45
Net Income	596.97	408	404.1	220.46	360.83
Net Income to Common	596.97	408	404.1	220.46	360.83
Net Income Growth	46.32%	0.97%	83.30%	-38.90%	234.83%
Shares Outstanding (Basic)	937	945	952	956	957
Shares Outstanding (Diluted)	937	945	952	956	957
Shares Change (YoY)	-0.88%	-0.72%	-0.43%	-0.12%	-0.49%
EPS (Basic)	0.64	0.43	0.42	0.23	0.38
EPS (Diluted)	0.64	0.43	0.42	0.23	0.38
EPS Growth	47.56%	1.81%	83.87%	-38.83%	236.56%
Free Cash Flow	-	379.37	416.04	72.91	383.69
Free Cash Flow Per Share	-	0.40	0.44	0.08	0.40
Dividend Per Share	0.257	0.172	0.150	0.081	0.119
Dividend Growth	49.42%	14.67%	85.19%	-31.93%	70.00%
Gross Margin	55.80%	53.47%	53.62%	48.88%	52.47%
Operating Margin	20.20%	17.21%	16.96%	10.80%	16.69%
Profit Margin	15.98%	12.13%	12.74%	7.79%	12.21%
Free Cash Flow Margin	-	11.28%	13.12%	2.58%	12.98%
EBITDA	835.7	659.62	624.6	400.12	584.79
EBITDA Margin	22.37%	19.61%	19.69%	14.14%	19.79%
D&A For EBITDA	80.81	80.81	86.5	94.45	91.57
EBIT	754.89	578.81	538.1	305.67	493.21
EBIT Margin	20.20%	17.21%	16.96%	10.80%	16.69%
Effective Tax Rate	20.84%	22.80%	21.08%	23.99%	22.35%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.