Hor Kew Corporation Limited (SGX:BBP)

Hor Kew Corporation Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	69.44	82.87	104.79	76.46	56.81
Revenue Growth (YoY)	-16.20%	-20.91%	37.05%	34.58%	14.29%
Cost of Revenue	44.59	49.69	82.11	60.56	43.53
Gross Profit	24.85	33.18	22.68	15.9	13.28
Selling, General & Admin	17.44	11.57	12.1	11.95	9.58
Operating Expenses	10.66	19.85	16.56	15.56	12.45
Operating Income	14.19	13.34	6.12	0.34	0.83
Interest Expense	-2.14	-2.27	-2.79	-1.76	-1.01
Interest & Investment Income	0.6	0.71	0.67	0.25	0.15
Currency Exchange Gain (Loss)	0.87	0.39	-	-	-
Other Non Operating Income (Expenses)	3.34	3.01	2.99	2.6	2.51
EBT Excluding Unusual Items	16.86	15.17	6.99	1.44	2.48
Gain (Loss) on Sale of Assets	0.08	0.52	0.04	0.82	0.1
Asset Writedown	0.35	0.32	0.55	0.22	0.56
Other Unusual Items	-	-	-	0.33	0.82
Pretax Income	17.3	16	7.58	2.81	3.96
Income Tax Expense	4.42	2.28	0.17	1.09	-0.06
Net Income	12.88	13.72	7.41	1.72	4.02
Net Income to Common	12.88	13.72	7.41	1.72	4.02
Net Income Growth	-6.16%	85.13%	330.68%	-57.21%	1111.45%
Shares Outstanding (Basic)	52	52	52	52	52
Shares Outstanding (Diluted)	52	52	52	52	52
EPS (Basic)	0.25	0.26	0.14	0.03	0.08
EPS (Diluted)	0.25	0.26	0.14	0.03	0.08
EPS Growth	-6.16%	85.13%	330.69%	-57.18%	1110.77%
Free Cash Flow	18.61	19.2	12.85	2.18	6.15
Free Cash Flow Per Share	0.36	0.37	0.25	0.04	0.12
Dividend Per Share	0.015	0.030	-	-	-
Dividend Growth	-50.00%	-	-	-	-
Gross Margin	35.79%	40.04%	21.64%	20.79%	23.37%
Operating Margin	20.44%	16.09%	5.84%	0.45%	1.47%
Profit Margin	18.54%	16.56%	7.07%	2.25%	7.08%
Free Cash Flow Margin	26.80%	23.17%	12.27%	2.85%	10.82%
EBITDA	19.99	17.34	12.4	6.59	6.64
EBITDA Margin	28.79%	20.93%	11.83%	8.62%	11.69%
D&A For EBITDA	5.8	4.01	6.28	6.25	5.81
EBIT	14.19	13.34	6.12	0.34	0.83
EBIT Margin	20.44%	16.09%	5.84%	0.45%	1.47%
Effective Tax Rate	25.55%	14.23%	2.23%	38.84%	-

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