Hing Ming Holdings Limited (HKG:8425)

Hing Ming Holdings Income Statement

Financials in millions HKD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	117.89	106.06	107.81	98.24	75.44	52.37
Revenue Growth (YoY)	23.95%	-1.62%	9.75%	30.21%	44.07%	-5.17%
Cost of Revenue	87.3	83.14	83.9	72.66	56.59	32.85
Gross Profit	30.58	22.92	23.92	25.58	18.85	19.52
Selling, General & Admin	27.73	31.49	24.58	21.81	16.59	12.54
Other Operating Expenses	-0.18	-0.18	-0.4	-0.1	-	-0.09
Operating Expenses	33.13	36.9	22.07	20.49	19.69	12.82
Operating Income	-2.55	-13.97	1.85	5.09	-0.84	6.7
Interest Expense	-2.73	-1.91	-1.46	-1.66	-1	-0.41
Interest & Investment Income	0.08	0.08	0.04	0.02	0.01	0.02
Currency Exchange Gain (Loss)	-0.11	-	-	0.17	0.06	0.28
Other Non Operating Income (Expenses)	-0.04	-	-	-	0.01	-
EBT Excluding Unusual Items	-5.36	-15.81	0.43	3.61	-1.77	6.59
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.46
Asset Writedown	-9.08	-9.08	-	-	-	-
Other Unusual Items	-	-	-	0.69	-	1.45
Pretax Income	-14.44	-24.89	0.43	4.3	-1.77	8.5
Income Tax Expense	-0.42	-0.19	1	1.94	1.26	3.93
Net Income	-14.02	-24.7	-0.57	2.37	-3.04	4.58
Net Income to Common	-14.02	-24.7	-0.57	2.37	-3.04	4.58
Net Income Growth	-	-	-	-	-	314.76%
Shares Outstanding (Basic)	376	376	376	388	400	400
Shares Outstanding (Diluted)	376	376	376	388	400	400
Shares Change (YoY)	-	-	-3.10%	-3.00%	-	-
EPS (Basic)	-0.04	-0.07	-0.00	0.01	-0.01	0.01
EPS (Diluted)	-0.04	-0.07	-0.00	0.01	-0.01	0.01
EPS Growth	-	-	-	-	-	314.75%
Free Cash Flow	-16.54	-30.75	12.08	-6.68	4.43	-2.18
Free Cash Flow Per Share	-0.04	-0.08	0.03	-0.02	0.01	-0.01
Gross Margin	25.94%	21.61%	22.18%	26.04%	24.99%	37.28%
Operating Margin	-2.16%	-13.17%	1.72%	5.18%	-1.11%	12.79%
Profit Margin	-11.89%	-23.29%	-0.53%	2.41%	-4.02%	8.74%
Free Cash Flow Margin	-14.03%	-28.99%	11.21%	-6.80%	5.88%	-4.17%
EBITDA	16.09	5.49	18.09	21.06	12.73	18.11
EBITDA Margin	13.65%	5.18%	16.78%	21.44%	16.88%	34.59%
D&A For EBITDA	18.64	19.46	16.24	15.98	13.57	11.41
EBIT	-2.55	-13.97	1.85	5.09	-0.84	6.7
EBIT Margin	-2.16%	-13.17%	1.72%	5.18%	-1.11%	12.79%
Effective Tax Rate	-	-	232.71%	44.96%	-	46.16%

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