Directel 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	91.74	137.42	150.56	151.98	150.27	213.79
Revenue Growth (YoY)	-35.91%	-8.72%	-0.94%	1.14%	-29.71%	-12.68%
Cost of Revenue	88.78	133.17	147.3	148.78	148.28	213.15
Gross Profit	2.96	4.25	3.26	3.2	2	0.64
Selling, General & Admin	8.44	10.13	12.87	15.28	14.84	31.34
Other Operating Expenses	-0.07	-0.09	-0.15	-0.06	-0.17	-0.01
Operating Expenses	10.6	12.27	13.45	15.82	14.77	31.33
Operating Income	-7.64	-8.01	-10.19	-12.62	-12.77	-30.69
Interest Expense	-0.13	-0.21	-0.05	-0.07	-0.06	-0.08
Interest & Investment Income	0.45	0.48	0.07	0.03	0.03	0.25
Currency Exchange Gain (Loss)	0.41	-0.29	0.16	0.03	-0.07	0.28
EBT Excluding Unusual Items	-6.92	-8.04	-10.01	-12.62	-12.88	-30.24
Impairment of Goodwill	-	-	-	-	-	-5.94
Gain (Loss) on Sale of Assets	-	-	0	-	-	-
Asset Writedown	-0.11	-0.11	-0.15	-0.17	-1.84	-0.26
Other Unusual Items	-	-	-	0.22	-	36.67
Pretax Income	-7.03	-8.15	-10.15	-12.57	-14.71	0.22
Income Tax Expense	0.03	-0.05	-0.24	-0.25	-0.49	0.89
Earnings From Continuing Operations	-7.06	-8.1	-9.92	-12.32	-14.22	-0.67
Minority Interest in Earnings	-	-	-0.02	0	0.02	-
Net Income	-7.06	-8.1	-9.94	-12.32	-14.21	-0.67
Net Income to Common	-7.06	-8.1	-9.94	-12.32	-14.21	-0.67
Shares Outstanding (Basic)	218	188	185	185	185	185
Shares Outstanding (Diluted)	218	188	185	185	185	185
Shares Change (YoY)	17.91%	1.69%	-	-	-	6.41%
EPS (Basic)	-0.03	-0.04	-0.05	-0.07	-0.08	-0.00
EPS (Diluted)	-0.03	-0.04	-0.05	-0.07	-0.08	-0.00
Free Cash Flow	13.71	12.92	-2.45	-10.01	-6.66	-19.09
Free Cash Flow Per Share	0.06	0.07	-0.01	-0.05	-0.04	-0.10
Gross Margin	3.23%	3.09%	2.17%	2.11%	1.33%	0.30%
Operating Margin	-8.33%	-5.83%	-6.77%	-8.30%	-8.50%	-14.36%
Profit Margin	-7.70%	-5.90%	-6.60%	-8.11%	-9.45%	-0.31%
Free Cash Flow Margin	14.94%	9.40%	-1.63%	-6.58%	-4.44%	-8.93%
EBITDA	-7.81	-7.68	-8.74	-11.08	-11.23	-28.54
EBITDA Margin	-8.51%	-5.59%	-5.81%	-7.29%	-7.47%	-13.35%
D&A For EBITDA	-0.16	0.33	1.45	1.54	1.55	2.16
EBIT	-7.64	-8.01	-10.19	-12.62	-12.77	-30.69
EBIT Margin	-8.33%	-5.83%	-6.77%	-8.30%	-8.50%	-14.36%
Effective Tax Rate	-	-	-	-	-	403.64%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.