Hiap Hoe Income Statement

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

Millions SGD. 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	135	125.36	111.89	119.4	93.69
Revenue Growth (YoY)	7.69%	12.04%	-6.29%	27.44%	17.77%
Cost of Revenue	29.26	30.46	30.28	29.67	27.63
Gross Profit	105.74	94.89	81.61	89.72	66.06
Selling, General & Admin	34.53	34.62	32.71	31.08	27.22
Other Operating Expenses	28.66	25.68	26.45	24.25	19.82
Operating Expenses	95.28	92.42	92.82	89.93	83.2
Operating Income	10.46	2.48	-11.21	-0.2	-17.14
Interest Expense	-26.49	-38.54	-37.3	-19.92	-10.89
Interest & Investment Income	16.23	14.15	12.45	11.28	9.87
Currency Exchange Gain (Loss)	-2.46	-6.56	-2.58	-3.2	1.59
Other Non Operating Income (Expenses)	6.3	6.97	6.07	5.43	3.32
EBT Excluding Unusual Items	4.04	-21.5	-32.57	-6.62	-13.24
Gain (Loss) on Sale of Investments	30.29	24.18	26.18	-29.43	13.6
Gain (Loss) on Sale of Assets	0.09	18.17	13.25	12.95	0.08
Asset Writedown	1.99	-4.09	-1.22	-1.66	18.89
Other Unusual Items	0.17	0.44	0.45	1.15	7.21
Pretax Income	36.58	17.2	6.08	-23.61	26.54
Income Tax Expense	6.03	10.64	0.56	-1.48	5.34
Earnings From Continuing Operations	30.55	6.56	5.52	-22.13	21.19
Minority Interest in Earnings	-0.18	0.01	0.04	0.13	0
Net Income	30.37	6.57	5.56	-22	21.2
Net Income to Common	30.37	6.57	5.56	-22	21.2
Net Income Growth	362.34%	18.17%	-	-	-
Shares Outstanding (Basic)	471	471	471	471	471
Shares Outstanding (Diluted)	471	471	471	471	471
Shares Change (YoY)	0.07%	-	-	-	-
EPS (Basic)	0.06	0.01	0.01	-0.05	0.05
EPS (Diluted)	0.06	0.01	0.01	-0.05	0.04
EPS Growth	362.07%	18.30%	-	-	-
Free Cash Flow	38.32	2.94	5.59	43.17	11.68
Free Cash Flow Per Share	0.08	0.01	0.01	0.09	0.03
Dividend Per Share	0.013	0.007	0.006	0.007	0.005
Dividend Growth	66.67%	25.00%	-20.00%	50.00%	-
Gross Margin	78.33%	75.70%	72.94%	75.15%	70.51%
Operating Margin	7.75%	1.98%	-10.02%	-0.17%	-18.30%
Profit Margin	22.50%	5.24%	4.97%	-18.43%	22.63%
Free Cash Flow Margin	28.38%	2.34%	5.00%	36.16%	12.47%
EBITDA	44.46	29.53	17.35	30.73	13.42
EBITDA Margin	32.93%	23.56%	15.51%	25.74%	14.32%
D&A For EBITDA	34	27.05	28.56	30.94	30.56
EBIT	10.46	2.48	-11.21	-0.2	-17.14
EBIT Margin	7.75%	1.98%	-10.02%	-0.17%	-18.30%
Effective Tax Rate	16.48%	61.86%	9.28%	-	20.14%

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