V & V Technology Holdings Limited (HKG:8113)

V & V Technology Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	922.57	960.49	1,203	1,732	2,847
Revenue Growth (YoY)	-3.95%	-20.15%	-30.56%	-39.16%	26.31%
Cost of Revenue	890.99	934.31	1,159	1,756	2,853
Gross Profit	31.58	26.18	44.2	-23.55	-5.94
Selling, General & Admin	23.25	23.24	34.4	37.5	39.88
Operating Expenses	23.1	21.99	34.28	37.89	38.14
Operating Income	8.49	4.19	9.92	-61.44	-44.08
Interest Expense	-7.73	-9.68	-8.29	-7.73	-2.84
Other Non Operating Income (Expenses)	2.72	2.38	2.35	0.77	0.27
Pretax Income	3.48	-3.12	3.98	-68.4	-46.65
Income Tax Expense	0	0.07	0.04	0.14	0.3
Net Income	3.47	-3.19	3.94	-68.55	-46.95
Net Income to Common	3.47	-3.19	3.94	-68.55	-46.95
Shares Outstanding (Basic)	145	104	79	65	65
Shares Outstanding (Diluted)	145	104	79	65	65
Shares Change (YoY)	39.64%	31.84%	20.95%	-	-
EPS (Basic)	0.02	-0.03	0.05	-1.05	-0.72
EPS (Diluted)	0.02	-0.03	0.05	-1.05	-0.72
Free Cash Flow	-	-59.58	42.88	94.87	-249.15
Free Cash Flow Per Share	-	-0.57	0.54	1.45	-3.82
Dividend Per Share	-	-	-	-	0.100
Dividend Growth	-	-	-	-	-60.00%
Gross Margin	3.42%	2.73%	3.67%	-1.36%	-0.21%
Operating Margin	0.92%	0.44%	0.83%	-3.55%	-1.55%
Profit Margin	0.38%	-0.33%	0.33%	-3.96%	-1.65%
Free Cash Flow Margin	-	-6.20%	3.56%	5.48%	-8.75%
EBITDA	8.68	4.38	10.54	-60.62	-43.33
EBITDA Margin	0.94%	0.46%	0.88%	-3.50%	-1.52%
D&A For EBITDA	0.19	0.19	0.62	0.82	0.75
EBIT	8.49	4.19	9.92	-61.44	-44.08
EBIT Margin	0.92%	0.44%	0.83%	-3.55%	-1.55%
Effective Tax Rate	0.11%	-	0.95%	-	-

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