V & V Technology Holdings Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	895.81	960.49	1,203	1,732	2,847	2,254
Revenue Growth (YoY)	-13.62%	-20.15%	-30.56%	-39.16%	26.31%	25.15%
Cost of Revenue	867.96	934.31	1,159	1,756	2,853	2,173
Gross Profit	27.86	26.18	44.2	-23.55	-5.94	81.59
Selling, General & Admin	22.56	23.24	34.4	37.5	39.88	38
Operating Expenses	23.09	21.99	34.28	37.89	38.14	41.54
Operating Income	4.77	4.19	9.92	-61.44	-44.08	40.05
Interest Expense	-9.46	-9.68	-8.29	-7.73	-2.84	-3.28
Other Non Operating Income (Expenses)	1.96	2.38	2.35	0.77	0.27	2.06
Pretax Income	-2.82	-3.12	3.98	-68.4	-46.65	38.83
Income Tax Expense	0.07	0.07	0.04	0.14	0.3	6.71
Net Income	-2.89	-3.19	3.94	-68.55	-46.95	32.13
Net Income to Common	-2.89	-3.19	3.94	-68.55	-46.95	32.13
Net Income Growth	-	-	-	-	-	119.27%
Shares Outstanding (Basic)	128	104	79	65	65	65
Shares Outstanding (Diluted)	128	104	79	65	65	65
Shares Change (YoY)	34.62%	31.84%	20.95%	-	-	0.03%
EPS (Basic)	-0.02	-0.03	0.05	-1.05	-0.72	0.49
EPS (Diluted)	-0.02	-0.03	0.05	-1.05	-0.72	0.49
EPS Growth	-	-	-	-	-	119.12%
Free Cash Flow	-32.01	-59.58	42.88	94.87	-249.15	126.66
Free Cash Flow Per Share	-0.25	-0.57	0.54	1.45	-3.82	1.94
Dividend Per Share	-	-	-	-	0.100	0.250
Dividend Growth	-	-	-	-	-60.00%	25.00%
Gross Margin	3.11%	2.73%	3.67%	-1.36%	-0.21%	3.62%
Operating Margin	0.53%	0.44%	0.83%	-3.55%	-1.55%	1.78%
Profit Margin	-0.32%	-0.33%	0.33%	-3.96%	-1.65%	1.43%
Free Cash Flow Margin	-3.57%	-6.20%	3.56%	5.48%	-8.75%	5.62%
EBITDA	4.84	4.38	10.54	-60.62	-43.33	40.76
EBITDA Margin	0.54%	0.46%	0.88%	-3.50%	-1.52%	1.81%
D&A For EBITDA	0.08	0.19	0.62	0.82	0.75	0.71
EBIT	4.77	4.19	9.92	-61.44	-44.08	40.05
EBIT Margin	0.53%	0.44%	0.83%	-3.55%	-1.55%	1.78%
Effective Tax Rate	-	-	0.95%	-	-	17.27%

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