LKREF 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
Rental Revenue	14,093	14,223	13,578	12,234	11,602	10,744
Other Revenue	56	-419	-627	85	364	-
Total Revenue	14,149	13,804	12,951	12,319	11,966	10,744
Revenue Growth (YoY	6.10%	6.59%	5.13%	2.95%	11.37%	0.24%
Property Expenses	3,377	3,325	3,235	2,818	2,628	2,348
Selling, General & Administrative	1,213	1,194	1,039	871	710	586
Total Operating Expenses	4,590	4,519	4,274	3,689	3,338	2,934
Operating Income	9,559	9,285	8,677	8,630	8,628	7,810
Interest Expense	-1,971	-2,125	-2,488	-1,732	-1,073	-996
Interest & Investment Income	83	224	551	106	98	126
Other Non-Operating Income	76	29	169	-22	68	226
EBT Excluding Unusual Items	7,747	7,413	6,909	6,982	7,721	7,166
Impairment of Goodwill	-	-	-377	-	-	-46
Gain (Loss) on Sale of Investments	-	-	-5	-	-11	-
Asset Writedown	-14,243	-16,280	-7,442	9,317	426	-5,276
Pretax Income	-6,496	-8,867	-915	16,299	8,136	1,844
Income Tax Expense	673	564	1,548	1,006	1,229	1,092
Earnings From Continuing Operations	-7,169	-9,431	-2,463	15,293	6,907	752
Minority Interest in Earnings	376	568	480	158	-13	433
Net Income	-6,793	-8,863	-1,983	15,451	6,894	1,185
Net Income to Common	-6,793	-8,863	-1,983	15,451	6,894	1,185
Net Income Growth	-	-	-	124.12%	481.77%	-
Basic Shares Outstanding	2,581	2,569	2,561	2,179	2,110	2,067
Diluted Shares Outstanding	2,581	2,569	2,561	2,243	2,110	2,067
Shares Change (YoY)	0.41%	0.32%	14.19%	6.30%	2.10%	-1.40%
EPS (Basic)	-2.63	-3.45	-0.77	7.09	3.27	0.57
EPS (Diluted)	-2.63	-3.45	-0.77	6.92	3.27	0.57
EPS Growth	-	-	-	111.94%	473.16%	-
Dividend Per Share	2.643	2.723	2.627	2.743	3.057	2.900
Dividend Growth	-1.17%	3.69%	-4.25%	-10.26%	5.41%	0.97%
Operating Margin	67.56%	67.26%	67.00%	70.05%	72.10%	72.69%
Profit Margin	-48.01%	-64.21%	-15.31%	125.42%	57.61%	11.03%
EBITDA	9,640	9,362	8,764	8,720	8,710	7,896
EBITDA Margin	68.13%	67.82%	67.67%	70.78%	72.79%	73.49%
D&A For Ebitda	81	77	87	90	82	86
EBIT	9,559	9,285	8,677	8,630	8,628	7,810
EBIT Margin	67.56%	67.26%	67.00%	70.05%	72.10%	72.69%
Effective Tax Rate	-	-	-	6.17%	15.11%	59.22%

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