Apex Ace Holding 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	5,723	3,052	2,530	2,689	2,640
Revenue Growth (YoY)	87.51%	20.64%	-5.92%	1.86%	50.34%
Cost of Revenue	5,309	2,874	2,366	2,574	2,414
Gross Profit	413.87	177.71	164	114.88	226.07
Selling, General & Admin	239.69	145.58	127.98	134.3	160.33
Operating Expenses	239.27	138.39	136.17	126.7	200.72
Operating Income	174.6	39.32	27.83	-11.83	25.35
Interest Expense	-33.05	-31.98	-28.57	-15.4	-6.68
Interest & Investment Income	1.11	1.48	0.89	0.18	0.34
Other Non Operating Income (Expenses)	-5.16	-2.89	-3.02	-3.51	6.43
EBT Excluding Unusual Items	137.49	5.93	-2.88	-30.55	25.45
Asset Writedown	-6.26	-1.8	-3	0.2	-
Other Unusual Items	-2.45	-0.47	0.67	-3.52	-2.35
Pretax Income	128.78	3.66	-5.2	-33.87	23.11
Income Tax Expense	28.86	-2.56	4.96	-0.83	6.49
Earnings From Continuing Operations	99.92	6.22	-10.16	-33.04	16.62
Minority Interest in Earnings	-33.36	0.5	-6	0.65	-9.89
Net Income	66.56	6.72	-16.16	-32.39	6.74
Preferred Dividends & Other Adjustments	0.05	0.05	0.05	0.05	-
Net Income to Common	66.51	6.67	-16.21	-32.44	6.74
Net Income Growth	890.25%	-	-	-	-
Shares Outstanding (Basic)	1,054	1,055	1,059	1,036	1,000
Shares Outstanding (Diluted)	1,111	1,088	1,059	1,036	1,003
Shares Change (YoY)	2.11%	2.71%	2.19%	3.37%	0.27%
EPS (Basic)	0.06	0.01	-0.02	-0.03	0.01
EPS (Diluted)	0.06	0.00	-0.02	-0.03	0.01
EPS Growth	1163.34%	-	-	-	-
Free Cash Flow	-	254.97	-280.65	25.83	1.73
Free Cash Flow Per Share	-	0.23	-0.27	0.03	0.00
Gross Margin	7.23%	5.82%	6.48%	4.27%	8.56%
Operating Margin	3.05%	1.29%	1.10%	-0.44%	0.96%
Profit Margin	1.16%	0.22%	-0.64%	-1.21%	0.26%
Free Cash Flow Margin	-	8.35%	-11.09%	0.96%	0.07%
EBITDA	185.02	49.74	37.96	-1.77	34.24
EBITDA Margin	3.23%	1.63%	1.50%	-0.07%	1.30%
D&A For EBITDA	10.42	10.42	10.13	10.05	8.89
EBIT	174.6	39.32	27.83	-11.83	25.35
EBIT Margin	3.05%	1.29%	1.10%	-0.44%	0.96%
Effective Tax Rate	22.41%	-	-	-	28.07%

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