MS Concept Income Statement

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

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	253.81	253.47	225.72	250.42	202.84	172.58
Revenue Growth (YoY)	6.55%	12.29%	-9.86%	23.46%	17.53%	-23.56%
Cost of Revenue	103.83	110.58	86.6	95.71	79.45	67.77
Gross Profit	149.98	142.89	139.12	154.7	123.4	104.82
Selling, General & Admin	114.02	116.02	107.75	112.46	95.86	88.47
Other Operating Expenses	-0.47	-0.33	-0.38	-0.78	-0.59	-1.75
Operating Expenses	142.42	150.75	144.5	152.79	133.52	122.81
Operating Income	7.56	-7.87	-5.38	1.91	-10.12	-17.99
Interest Expense	-4.44	-5.24	-2.9	-4.25	-2.97	-3.09
Interest & Investment Income	0.1	0.12	0.06	0.02	0.01	0.06
EBT Excluding Unusual Items	3.22	-12.99	-8.22	-2.32	-13.09	-21.02
Asset Writedown	-2.91	-2.91	-10.51	-	-	-
Other Unusual Items	1.39	-	-	7.53	7.93	23.33
Pretax Income	1.7	-15.9	-18.73	5.22	-5.16	2.31
Income Tax Expense	2.25	1.3	-0.12	1.25	-0.26	-1.5
Net Income	-0.55	-17.2	-18.61	3.97	-4.9	3.81
Net Income to Common	-0.55	-17.2	-18.61	3.97	-4.9	3.81
Shares Outstanding (Basic)	1,000	1,000	1,000	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,000	1,000	1,000	1,000	1,000	1,000
EPS (Basic)	-0.00	-0.02	-0.02	0.00	-0.00	0.00
EPS (Diluted)	-0.00	-0.02	-0.02	0.00	-0.00	0.00
Free Cash Flow	30.98	30.64	24.26	58.1	20.34	31.65
Free Cash Flow Per Share	0.03	0.03	0.02	0.06	0.02	0.03
Gross Margin	59.09%	56.37%	61.63%	61.78%	60.83%	60.73%
Operating Margin	2.98%	-3.10%	-2.38%	0.76%	-4.99%	-10.42%
Profit Margin	-0.22%	-6.79%	-8.24%	1.58%	-2.41%	2.21%
Free Cash Flow Margin	12.21%	12.09%	10.75%	23.20%	10.03%	18.34%
EBITDA	11.15	-3.86	-1.43	6.13	-6.84	-15.25
EBITDA Margin	4.39%	-1.52%	-0.63%	2.45%	-3.37%	-8.83%
D&A For EBITDA	3.58	4.01	3.95	4.22	3.28	2.75
EBIT	7.56	-7.87	-5.38	1.91	-10.12	-17.99
EBIT Margin	2.98%	-3.10%	-2.38%	0.76%	-4.99%	-10.42%
Effective Tax Rate	132.31%	-	-	23.93%	-	-

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