SEM 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	62.36	91.71	258.89	281.33	176.88	68.19
Revenue Growth (YoY)	-65.03%	-64.58%	-7.98%	59.05%	159.38%	-65.42%
Cost of Revenue	37.06	68.19	239.38	258.18	156.03	57.91
Gross Profit	25.3	23.52	19.51	23.15	20.85	10.28
Selling, General & Admin	23.36	23.35	22.05	17.56	18.73	17.67
Operating Expenses	14.92	21.27	25.8	30.05	26.22	21.99
Operating Income	10.39	2.25	-6.29	-6.9	-5.37	-11.71
Interest Expense	-0.21	-0.25	-0.27	-0.25	-0.24	-0.09
Interest & Investment Income	1.32	1.34	1.01	0.08	0.19	0.49
Currency Exchange Gain (Loss)	-	-	-	-0.1	-	-
Other Non Operating Income (Expenses)	0.27	0.41	0.16	0.31	0.61	0.01
EBT Excluding Unusual Items	11.76	3.76	-5.39	-6.86	-4.81	-11.3
Asset Writedown	-	-	-2.8	-	-	-
Other Unusual Items	0.02	0.02	-	1.29	-	-7.54
Pretax Income	11.78	3.78	-8.19	-5.58	-4.81	-18.84
Income Tax Expense	0.32	-0.02	-0.22	1.16	0.01	0.78
Net Income	11.46	3.8	-7.97	-6.73	-4.83	-19.63
Net Income to Common	11.46	3.8	-7.97	-6.73	-4.83	-19.63
Shares Outstanding (Basic)	2,000	2,000	2,000	2,000	2,000	1,940
Shares Outstanding (Diluted)	2,000	2,000	2,000	2,000	2,000	1,940
Shares Change (YoY)	-	-	-	-	3.10%	29.33%
EPS (Basic)	0.01	0.00	-0.00	-0.00	-0.00	-0.01
EPS (Diluted)	0.01	0.00	-0.00	-0.00	-0.00	-0.01
Free Cash Flow	27.69	-1.63	14.79	-5.67	-66.2	-51.11
Free Cash Flow Per Share	0.01	-0.00	0.01	-0.00	-0.03	-0.03
Gross Margin	40.57%	25.65%	7.54%	8.23%	11.79%	15.08%
Operating Margin	16.65%	2.46%	-2.43%	-2.45%	-3.04%	-17.17%
Profit Margin	18.38%	4.15%	-3.08%	-2.39%	-2.73%	-28.78%
Free Cash Flow Margin	44.41%	-1.78%	5.71%	-2.02%	-37.43%	-74.95%
EBITDA	12.91	4.87	-3.47	-3.82	-2.83	-9.72
EBITDA Margin	20.70%	5.31%	-1.34%	-1.36%	-1.60%	-14.25%
D&A For EBITDA	2.53	2.62	2.82	3.08	2.55	1.99
EBIT	10.39	2.25	-6.29	-6.9	-5.37	-11.71
EBIT Margin	16.65%	2.46%	-2.43%	-2.45%	-3.04%	-17.17%
Effective Tax Rate	2.73%	-	-	-	-	-

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