HK Electric Investments and HK Electric Investments Limited (HKVTY)

HKVTY Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	12,057	11,406	10,793	11,344	10,389
Revenue Growth (YoY)	5.71%	5.68%	-4.86%	9.19%	-3.26%
Selling, General & Admin	385	341	348	312	344
Depreciation & Amortization	215	222	197	196	193
Other Operating Expenses	5,883	5,655	5,681	5,884	5,703
Total Operating Expenses	6,483	6,218	6,226	6,392	6,240
Operating Income	5,574	5,188	4,567	4,952	4,149
Interest Expense	-1,408	-1,360	-961	-800	-971
Interest Income	39	44	30	13	15
Net Interest Expense	-1,369	-1,316	-931	-787	-956
EBT Excluding Unusual Items	4,205	3,872	3,636	4,165	3,193
Gain (Loss) on Sale of Assets	-125	-256	-88	-120	-125
Other Unusual Items	-228	186	35	-377	232
Pretax Income	3,852	3,802	3,583	3,668	3,300
Income Tax Expense	741	646	629	735	568
Net Income	3,111	3,156	2,954	2,933	2,732
Net Income to Common	3,111	3,156	2,954	2,933	2,732
Net Income Growth	-1.43%	6.84%	0.72%	7.36%	17.40%
Shares Outstanding (Basic)	8,836	8,836	8,836	8,836	8,836
Shares Outstanding (Diluted)	8,836	8,836	8,836	8,836	8,836
EPS (Basic)	0.35	0.36	0.33	0.33	0.31
EPS (Diluted)	0.35	0.36	0.33	0.33	0.31
EPS Growth	-1.43%	6.84%	0.72%	7.36%	17.40%
Free Cash Flow	2,375	3,792	-993	1,363	1,128
Free Cash Flow Per Share	0.27	0.43	-0.11	0.15	0.13
Dividend Per Share	0.320	0.320	0.320	0.320	0.320
Profit Margin	25.80%	27.67%	27.37%	25.86%	26.30%
Free Cash Flow Margin	19.70%	33.25%	-9.20%	12.02%	10.86%
EBITDA	8,930	8,365	7,807	8,268	7,332
EBITDA Margin	74.06%	73.34%	72.33%	72.88%	70.58%
D&A For EBITDA	3,356	3,177	3,240	3,316	3,183
EBIT	5,574	5,188	4,567	4,952	4,149
EBIT Margin	46.23%	45.48%	42.31%	43.65%	39.94%
Effective Tax Rate	19.24%	16.99%	17.55%	20.04%	17.21%

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