Lapco 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	253.54	573.39	948.68	966.29	765.92
Revenue Growth (YoY)	-55.78%	-39.56%	-1.82%	26.16%	15.04%
Cost of Revenue	242.37	537.54	890.66	918.45	721.34
Gross Profit	11.17	35.85	58.02	47.83	44.59
Selling, General & Admin	29.26	35.76	37.34	34.58	35.8
Other Operating Expenses	1.37	-	-	-	-
Operating Expenses	30.62	36.07	37.34	34.58	35.8
Operating Income	-19.45	-0.21	20.68	13.26	8.79
Interest Expense	-1.73	-3.85	-5.86	-4.51	-4.43
Interest & Investment Income	0.7	2.18	2.23	0.1	0.05
Currency Exchange Gain (Loss)	0.27	-0	-0	-0.01	-0.03
Other Non Operating Income (Expenses)	11.15	9.74	0.44	4.74	0.47
EBT Excluding Unusual Items	-9.06	7.85	17.49	13.58	4.84
Gain (Loss) on Sale of Assets	0.08	-2.57	-0.03	3.55	2.35
Other Unusual Items	-	-	1.13	5.66	-0.79
Pretax Income	-8.98	5.29	18.59	22.79	6.4
Income Tax Expense	-0.14	1.9	4.53	2.46	1.04
Net Income	-8.85	3.39	14.06	20.33	5.36
Net Income to Common	-8.85	3.39	14.06	20.33	5.36
Net Income Growth	-	-75.92%	-30.83%	279.15%	-70.84%
Shares Outstanding (Basic)	108	87	37	20	20
Shares Outstanding (Diluted)	108	87	37	20	20
Shares Change (YoY)	23.93%	132.83%	87.04%	-	-
EPS (Basic)	-0.08	0.04	0.38	1.02	0.27
EPS (Diluted)	-0.08	0.04	0.38	1.02	0.27
EPS Growth	-	-89.66%	-63.02%	279.15%	-70.84%
Free Cash Flow	-	-31.79	80.73	24.14	-5.49
Free Cash Flow Per Share	-	-0.36	2.16	1.21	-0.27
Gross Margin	4.41%	6.25%	6.12%	4.95%	5.82%
Operating Margin	-7.67%	-0.04%	2.18%	1.37%	1.15%
Profit Margin	-3.49%	0.59%	1.48%	2.10%	0.70%
Free Cash Flow Margin	-	-5.54%	8.51%	2.50%	-0.72%
EBITDA	-7.57	11.67	32.34	26.26	13.03
EBITDA Margin	-2.98%	2.04%	3.41%	2.72%	1.70%
D&A For EBITDA	11.89	11.89	11.66	13	4.24
EBIT	-19.45	-0.21	20.68	13.26	8.79
EBIT Margin	-7.67%	-0.04%	2.18%	1.37%	1.15%
Effective Tax Rate	-	35.96%	24.37%	10.80%	16.25%

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