Joy Spreader 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	11.68	113.31	5,084	3,725	1,396
Revenue Growth (YoY)	-89.69%	-97.77%	36.49%	166.84%	51.09%
Cost of Revenue	-5.24	116.6	4,638	3,297	944.04
Gross Profit	16.92	-3.29	446.41	428.23	451.85
Selling, General & Admin	142.8	1,002	1,080	714.05	116.79
Research & Development	6.41	3.17	70.01	52.77	71.79
Operating Expenses	189.4	1,076	1,247	798.66	189.44
Operating Income	-172.48	-1,079	-800.59	-370.43	262.42
Interest Expense	-0.71	-1.22	-2.3	-1.78	-1.01
Interest & Investment Income	-	7.44	8.96	30.48	8.91
Earnings From Equity Investments	1.05	1.44	1.86	0.45	0.07
Currency Exchange Gain (Loss)	-11.29	30.14	10.52	43.04	-30.75
Other Non Operating Income (Expenses)	14.63	-49.48	-13.99	-6.66	5.87
EBT Excluding Unusual Items	-168.8	-1,091	-795.54	-304.91	245.51
Gain (Loss) on Sale of Investments	-1.2	1.72	0.9	-24.65	-3.6
Gain (Loss) on Sale of Assets	4.2	-0.1	1.54	-0	-0.2
Asset Writedown	-	-18.11	-	-2.33	-
Pretax Income	-165.8	-1,107	-793.1	-331.89	241.72
Income Tax Expense	0.01	0.07	0.14	7.23	-2.92
Earnings From Continuing Operations	-165.81	-1,107	-793.24	-339.12	244.64
Minority Interest in Earnings	3.89	38.84	9.08	-0.33	-
Net Income	-161.92	-1,068	-784.17	-339.45	244.64
Net Income to Common	-161.92	-1,068	-784.17	-339.45	244.64
Net Income Growth	-	-	-	-	76.41%
Shares Outstanding (Basic)	2,372	2,372	2,369	2,258	2,164
Shares Outstanding (Diluted)	2,372	2,372	2,369	2,258	2,164
Shares Change (YoY)	-	0.11%	4.92%	4.35%	21.45%
EPS (Basic)	-0.07	-0.45	-0.33	-0.15	0.11
EPS (Diluted)	-0.07	-0.45	-0.33	-0.15	0.11
EPS Growth	-	-	-	-	45.29%
Free Cash Flow	-79.7	-54.82	-256.66	-561.39	-382.38
Free Cash Flow Per Share	-0.03	-0.02	-0.11	-0.25	-0.18
Gross Margin	144.81%	-2.90%	8.78%	11.50%	32.37%
Operating Margin	-1476.17%	-952.31%	-15.75%	-9.95%	18.80%
Profit Margin	-1385.80%	-942.95%	-15.42%	-9.11%	17.53%
Free Cash Flow Margin	-682.11%	-48.38%	-5.05%	-15.07%	-27.39%
EBITDA	-153.47	-1,060	-775.35	-352.93	270.69
EBITDA Margin	-	-	-15.25%	-9.47%	19.39%
D&A For EBITDA	19.01	19.01	25.24	17.5	8.27
EBIT	-172.48	-1,079	-800.59	-370.43	262.42
EBIT Margin	-	-	-15.75%	-9.95%	18.80%

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