M&L Holdings 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	82.34	67.71	153.75	87.05	85.99
Revenue Growth (YoY)	21.61%	-55.96%	76.63%	1.23%	21.21%
Cost of Revenue	47.1	44.25	98.29	57.79	64.92
Gross Profit	35.25	23.47	55.46	29.26	21.08
Selling, General & Admin	34.49	31.09	40.98	30.74	29.7
Other Operating Expenses	-0.19	-0.57	-0.59	-1.05	-0.65
Operating Expenses	33.82	29.44	41.49	31.18	29.84
Operating Income	1.43	-5.97	13.97	-1.92	-8.76
Interest Expense	-1.38	-2.07	-2.84	-2.04	-1.9
Interest & Investment Income	0.29	0.32	0.32	0.12	0.02
Currency Exchange Gain (Loss)	4.27	-4.66	-1.91	-5.48	1.26
Other Non Operating Income (Expenses)	-	-0.08	-0.18	-0.06	-0.27
EBT Excluding Unusual Items	4.6	-12.46	9.35	-9.38	-9.65
Gain (Loss) on Sale of Investments	-	-	-	0.09	0.09
Gain (Loss) on Sale of Assets	0.63	-0.96	0.01	-	-
Other Unusual Items	4.72	0.06	0.09	0.59	0.33
Pretax Income	9.94	-13.36	9.45	-8.7	-9.23
Income Tax Expense	0.53	-0.34	2.18	-0.13	0.03
Earnings From Continuing Operations	9.42	-13.02	7.26	-8.58	-9.26
Minority Interest in Earnings	0.01	0.19	-0.37	0.12	0.2
Net Income	9.43	-12.83	6.89	-8.45	-9.06
Net Income to Common	9.43	-12.83	6.89	-8.45	-9.06
Shares Outstanding (Basic)	600	600	600	600	600
Shares Outstanding (Diluted)	600	600	600	600	600
EPS (Basic)	0.02	-0.02	0.01	-0.01	-0.02
EPS (Diluted)	0.02	-0.02	0.01	-0.01	-0.02
Free Cash Flow	-	5.6	7.73	7.51	-0.62
Free Cash Flow Per Share	-	0.01	0.01	0.01	-0.00
Gross Margin	42.80%	34.66%	36.07%	33.61%	24.51%
Operating Margin	1.73%	-8.82%	9.09%	-2.21%	-10.19%
Profit Margin	11.45%	-18.94%	4.48%	-9.71%	-10.54%
Free Cash Flow Margin	-	8.26%	5.03%	8.62%	-0.72%
EBITDA	3.29	-4.1	16.14	0.07	-7.14
EBITDA Margin	4.00%	-6.06%	10.50%	0.08%	-8.30%
D&A For EBITDA	1.87	1.87	2.17	1.99	1.63
EBIT	1.43	-5.97	13.97	-1.92	-8.76
EBIT Margin	1.73%	-8.82%	9.09%	-2.21%	-10.19%
Effective Tax Rate	5.28%	-	23.12%	-	-

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