Apex Ace Holding Income Statement

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

Millions HKD. 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	3,657	3,052	2,530	2,689	2,640	1,756
Revenue Growth (YoY)	14.50%	20.64%	-5.92%	1.86%	50.34%	-9.34%
Cost of Revenue	3,462	2,874	2,366	2,574	2,414	1,617
Gross Profit	194.77	177.71	164	114.88	226.07	139.03
Selling, General & Admin	139.66	145.58	127.98	134.3	160.33	121.7
Operating Expenses	134.54	138.39	136.17	126.7	200.72	140.48
Operating Income	60.23	39.32	27.83	-11.83	25.35	-1.46
Interest Expense	-29.02	-31.98	-28.57	-15.4	-6.68	-5.69
Interest & Investment Income	1.69	1.48	0.89	0.18	0.34	2.01
Other Non Operating Income (Expenses)	-3.99	-2.89	-3.02	-3.51	6.43	7.09
EBT Excluding Unusual Items	28.91	5.93	-2.88	-30.55	25.45	1.96
Asset Writedown	-3.7	-1.8	-3	0.2	-	-0.7
Other Unusual Items	-0.47	-0.47	0.67	-3.52	-2.35	0.51
Pretax Income	24.74	3.66	-5.2	-33.87	23.11	1.77
Income Tax Expense	1.37	-2.56	4.96	-0.83	6.49	1.65
Earnings From Continuing Operations	23.37	6.22	-10.16	-33.04	16.62	0.12
Minority Interest in Earnings	-8.69	0.5	-6	0.65	-9.89	-5.24
Net Income	14.68	6.72	-16.16	-32.39	6.74	-5.12
Preferred Dividends & Other Adjustments	0.05	0.05	0.05	0.05	-	-
Net Income to Common	14.63	6.67	-16.21	-32.44	6.74	-5.12
Net Income Growth	241.45%	-	-	-	-	-
Shares Outstanding (Basic)	1,054	1,055	1,059	1,036	1,000	1,000
Shares Outstanding (Diluted)	1,085	1,088	1,059	1,036	1,003	1,000
Shares Change (YoY)	1.04%	2.71%	2.19%	3.37%	0.27%	-
EPS (Basic)	0.01	0.01	-0.02	-0.03	0.01	-0.01
EPS (Diluted)	0.01	0.00	-0.02	-0.03	0.01	-0.01
EPS Growth	206.84%	-	-	-	-	-
Free Cash Flow	-134.03	254.97	-280.65	25.83	1.73	-230.4
Free Cash Flow Per Share	-0.12	0.23	-0.27	0.03	0.00	-0.23
Gross Margin	5.33%	5.82%	6.48%	4.27%	8.56%	7.92%
Operating Margin	1.65%	1.29%	1.10%	-0.44%	0.96%	-0.08%
Profit Margin	0.40%	0.22%	-0.64%	-1.21%	0.26%	-0.29%
Free Cash Flow Margin	-3.67%	8.35%	-11.09%	0.96%	0.07%	-13.12%
EBITDA	70.19	49.74	37.96	-1.77	34.24	4.86
EBITDA Margin	1.92%	1.63%	1.50%	-0.07%	1.30%	0.28%
D&A For EBITDA	9.97	10.42	10.13	10.05	8.89	6.31
EBIT	60.23	39.32	27.83	-11.83	25.35	-1.46
EBIT Margin	1.65%	1.29%	1.10%	-0.44%	0.96%	-0.08%
Effective Tax Rate	5.55%	-	-	-	28.07%	93.17%

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