HKT Trust and HKT 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	36,553	34,753	34,330	34,125	33,961
Revenue Growth (YoY)	5.18%	1.23%	0.60%	0.48%	4.85%
Cost of Revenue	19,140	17,710	17,454	17,094	16,729
Gross Profit	17,413	17,043	16,876	17,031	17,232
Selling, General & Admin	9,124	8,795	9,130	9,777	10,127
Operating Expenses	9,124	8,795	9,130	9,777	10,127
Operating Income	8,289	8,248	7,746	7,254	7,105
Interest Expense	-1,714	-2,114	-2,012	-1,472	-1,175
Interest & Investment Income	48	61	56	29	33
Earnings From Equity Investments	-89	-126	-114	-97	-130
Currency Exchange Gain (Loss)	46	-108	-97	-55	24
Other Non Operating Income (Expenses)	12	3	-71	-99	-38
EBT Excluding Unusual Items	6,592	5,964	5,508	5,560	5,819
Gain (Loss) on Sale of Investments	62	51	-	-	-
Pretax Income	6,654	6,015	5,508	5,560	5,819
Income Tax Expense	904	914	496	641	997
Earnings From Continuing Operations	5,750	5,101	5,012	4,919	4,822
Minority Interest in Earnings	-464	-31	-21	-18	-14
Net Income	5,286	5,070	4,991	4,901	4,808
Net Income to Common	5,286	5,070	4,991	4,901	4,808
Net Income Growth	4.26%	1.58%	1.84%	1.93%	-9.33%
Shares Outstanding (Basic)	7,577	7,576	7,575	7,574	7,573
Shares Outstanding (Diluted)	7,579	7,577	7,576	7,575	7,574
Shares Change (YoY)	0.02%	0.02%	0.01%	0.01%	-0.03%
EPS (Basic)	0.70	0.67	0.66	0.65	0.63
EPS (Diluted)	0.70	0.67	0.66	0.65	0.63
EPS Growth	4.25%	1.56%	1.82%	1.92%	-9.31%
Free Cash Flow	9,651	9,874	9,123	8,438	8,263
Free Cash Flow Per Share	1.27	1.30	1.20	1.11	1.09
Dividend Per Share	0.818	0.788	0.765	0.745	0.728
Dividend Growth	3.77%	3.02%	2.66%	2.39%	2.39%
Gross Margin	47.64%	49.04%	49.16%	49.91%	50.74%
Operating Margin	22.68%	23.73%	22.56%	21.26%	20.92%
Profit Margin	14.46%	14.59%	14.54%	14.36%	14.16%
Free Cash Flow Margin	26.40%	28.41%	26.57%	24.73%	24.33%
EBITDA	10,064	10,225	9,934	9,413	9,310
EBITDA Margin	27.53%	29.42%	28.94%	27.58%	27.41%
D&A For EBITDA	1,775	1,977	2,188	2,159	2,205
EBIT	8,289	8,248	7,746	7,254	7,105
EBIT Margin	22.68%	23.73%	22.56%	21.26%	20.92%
Effective Tax Rate	13.59%	15.20%	9.01%	11.53%	17.13%

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