SGX:BWM Income Statement

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

Millions CNY. 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	3,785	3,731	3,750	4,074	4,101
Revenue Growth (YoY)	1.44%	-0.52%	-7.94%	-0.66%	32.95%
Selling, General & Admin	262.02	268.82	268.86	248.12	233.37
Provision for Bad Debts	-2.55	13.8	70.99	0.77	5.92
Other Operating Expenses	2,387	2,396	2,620	2,916	3,055
Total Operating Expenses	2,646	2,679	2,960	3,165	3,294
Operating Income	1,139	1,053	790.65	908.87	806.82
Interest Expense	-348.41	-439.34	-397.49	-417.44	-361.68
Interest Income	36.5	44	53.13	43.53	40.08
Net Interest Expense	-311.91	-395.34	-344.36	-373.91	-321.59
Income (Loss) on Equity Investments	8.27	2.38	-8.35	2.85	-12.47
Currency Exchange Gain (Loss)	-33.48	-24.62	5.66	-195.41	42.06
Other Non-Operating Income (Expenses)	132.19	215.84	182.6	144.1	90.53
EBT Excluding Unusual Items	933.87	850.8	626.2	486.49	605.35
Gain (Loss) on Sale of Investments	-	-	2.26	0.42	-0.56
Gain (Loss) on Sale of Assets	-0.25	-31.19	-0.28	-0.65	-0.44
Asset Writedown	-	-2.67	-167.78	-	-30.2
Other Unusual Items	0.08	12.62	-	-	2.75
Pretax Income	933.7	829.56	460.41	486.26	576.9
Income Tax Expense	196.84	208.38	154.61	141.34	130.24
Earnings From Continuing Ops.	736.85	621.17	305.8	344.92	446.66
Minority Interest in Earnings	-12.08	-2.69	-24.16	-19.89	-14.2
Net Income	724.78	618.48	281.65	325.02	432.46
Net Income to Common	724.78	618.48	281.65	325.02	432.46
Net Income Growth	17.19%	119.60%	-13.35%	-24.84%	32.28%
Shares Outstanding (Basic)	1,439	1,452	1,454	1,454	1,454
Shares Outstanding (Diluted)	1,439	1,452	1,454	1,454	1,454
Shares Change (YoY)	-0.91%	-0.14%	-	-	-
EPS (Basic)	0.50	0.43	0.19	0.22	0.30
EPS (Diluted)	0.50	0.43	0.19	0.22	0.30
EPS Growth	18.26%	119.89%	-13.35%	-24.84%	32.28%
Free Cash Flow	117.51	63.57	382.39	374.52	-768.5
Free Cash Flow Per Share	0.08	0.04	0.26	0.26	-0.53
Dividend Per Share	0.201	0.123	0.070	-	-
Dividend Growth	63.57%	76.14%	-	-	-
Profit Margin	19.15%	16.58%	7.51%	7.98%	10.54%
Free Cash Flow Margin	3.10%	1.70%	10.20%	9.19%	-18.74%
EBITDA	1,936	1,819	1,473	1,487	1,329
EBITDA Margin	51.16%	48.75%	39.28%	36.49%	32.41%
D&A For EBITDA	797.54	766.4	682.36	577.71	522.49
EBIT	1,139	1,053	790.65	908.87	806.82
EBIT Margin	30.09%	28.21%	21.08%	22.31%	19.67%
Effective Tax Rate	21.08%	25.12%	33.58%	29.07%	22.58%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.