Tai Hing Group Holdings 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	3,538	3,292	3,212	2,675	3,173
Revenue Growth (YoY)	7.49%	2.49%	20.07%	-15.69%	13.41%
Cost of Revenue	958.08	881.86	842.64	754.77	896.75
Gross Profit	2,580	2,410	2,369	1,920	2,276
Selling, General & Admin	1,263	1,189	1,134	1,007	1,082
Other Operating Expenses	449.38	430.53	451.73	405.7	408.78
Operating Expenses	2,363	2,257	2,203	2,010	2,119
Operating Income	217	152.64	166.08	-90.09	157.01
Interest Expense	-40.37	-37.43	-30.02	-29.44	-34.86
Interest & Investment Income	4.14	6.31	5.91	2.28	2.11
Currency Exchange Gain (Loss)	-	0.51	-	-0.79	0.07
Other Non Operating Income (Expenses)	3.65	6.35	12.56	12.4	13.66
EBT Excluding Unusual Items	184.41	128.37	154.53	-105.64	137.99
Gain (Loss) on Sale of Assets	-2.18	-6.67	-11.43	-25.08	-16.34
Asset Writedown	-45.89	-47.44	-27.14	-39.89	-43.93
Other Unusual Items	3.59	3.92	-	127.14	50.58
Pretax Income	139.93	78.18	115.96	-43.46	128.3
Income Tax Expense	31.83	15.49	22.11	-0.39	32.95
Earnings From Continuing Operations	108.1	62.69	93.85	-43.07	95.36
Minority Interest in Earnings	-	0.06	-0.01	-0.08	4.36
Net Income	108.1	62.75	93.84	-43.15	99.72
Net Income to Common	108.1	62.75	93.84	-43.15	99.72
Net Income Growth	72.28%	-33.13%	-	-	-16.18%
Shares Outstanding (Basic)	972	1,005	1,005	1,004	1,003
Shares Outstanding (Diluted)	972	1,005	1,005	1,004	1,005
Shares Change (YoY)	-3.28%	-0.01%	0.10%	-0.07%	0.07%
EPS (Basic)	0.11	0.06	0.09	-0.04	0.10
EPS (Diluted)	0.11	0.06	0.09	-0.04	0.10
EPS Growth	78.12%	-33.12%	-	-	-16.22%
Free Cash Flow	640.06	561.2	549.55	371.2	563.82
Free Cash Flow Per Share	0.66	0.56	0.55	0.37	0.56
Dividend Per Share	0.085	0.050	0.069	0.050	0.074
Dividend Growth	70.00%	-27.54%	38.00%	-32.89%	-3.50%
Gross Margin	72.92%	73.21%	73.77%	71.79%	71.74%
Operating Margin	6.13%	4.64%	5.17%	-3.37%	4.95%
Profit Margin	3.06%	1.91%	2.92%	-1.61%	3.14%
Free Cash Flow Margin	18.09%	17.05%	17.11%	13.88%	17.77%
EBITDA	342.61	286.6	296.78	54.34	314.66
EBITDA Margin	9.68%	8.71%	9.24%	2.03%	9.92%
D&A For EBITDA	125.62	133.96	130.7	144.43	157.65
EBIT	217	152.64	166.08	-90.09	157.01
EBIT Margin	6.13%	4.64%	5.17%	-3.37%	4.95%
Effective Tax Rate	22.75%	19.81%	19.07%	-	25.68%
Advertising Expenses	28.77	30.86	35.1	34.09	38.5

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