Directel Holdings 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	48.29	137.42	150.56	151.98	150.27
Revenue Growth (YoY)	-64.86%	-8.72%	-0.94%	1.14%	-29.71%
Cost of Revenue	46.96	133.17	147.3	148.78	148.28
Gross Profit	1.33	4.25	3.26	3.2	2
Selling, General & Admin	10.93	10.13	12.87	15.28	14.84
Other Operating Expenses	-	-0.09	-0.15	-0.06	-0.17
Operating Expenses	10.93	12.27	13.45	15.82	14.77
Operating Income	-9.6	-8.01	-10.19	-12.62	-12.77
Interest Expense	-0.04	-0.21	-0.05	-0.07	-0.06
Interest & Investment Income	0.27	0.48	0.07	0.03	0.03
Currency Exchange Gain (Loss)	0.37	-0.29	0.16	0.03	-0.07
EBT Excluding Unusual Items	-8.99	-8.04	-10.01	-12.62	-12.88
Gain (Loss) on Sale of Assets	-	-	0	-	-
Asset Writedown	-0.04	-0.11	-0.15	-0.17	-1.84
Other Unusual Items	-	-	-	0.22	-
Pretax Income	-9.03	-8.15	-10.15	-12.57	-14.71
Income Tax Expense	-0.03	-0.05	-0.24	-0.25	-0.49
Earnings From Continuing Operations	-9	-8.1	-9.92	-12.32	-14.22
Minority Interest in Earnings	-	-	-0.02	0	0.02
Net Income	-9	-8.1	-9.94	-12.32	-14.21
Net Income to Common	-9	-8.1	-9.94	-12.32	-14.21
Shares Outstanding (Basic)	245	188	185	185	185
Shares Outstanding (Diluted)	245	188	185	185	185
Shares Change (YoY)	30.26%	1.69%	-	-	-
EPS (Basic)	-0.04	-0.04	-0.05	-0.07	-0.08
EPS (Diluted)	-0.04	-0.04	-0.05	-0.07	-0.08
Free Cash Flow	-	12.92	-2.45	-10.01	-6.66
Free Cash Flow Per Share	-	0.07	-0.01	-0.05	-0.04
Gross Margin	2.75%	3.09%	2.17%	2.11%	1.33%
Operating Margin	-19.88%	-5.83%	-6.77%	-8.30%	-8.50%
Profit Margin	-18.64%	-5.90%	-6.60%	-8.11%	-9.45%
Free Cash Flow Margin	-	9.40%	-1.63%	-6.58%	-4.44%
EBITDA	-9.27	-7.68	-8.74	-11.08	-11.23
EBITDA Margin	-19.19%	-5.59%	-5.81%	-7.29%	-7.47%
D&A For EBITDA	0.33	0.33	1.45	1.54	1.55
EBIT	-9.6	-8.01	-10.19	-12.62	-12.77
EBIT Margin	-19.88%	-5.83%	-6.77%	-8.30%	-8.50%

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