Hotel Properties 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	742.69	692.93	642.12	525.51	344.22
Revenue Growth (YoY)	7.18%	7.91%	22.19%	52.67%	33.03%
Cost of Revenue	589.19	549.19	495.42	420.09	306.88
Gross Profit	153.5	143.74	146.7	105.42	37.34
Selling, General & Admin	90.67	78.82	73.33	71.03	50.03
Other Operating Expenses	-5.71	-29.04	4.71	-1.57	-0.84
Operating Expenses	84.96	49.78	78.04	69.46	49.2
Operating Income	68.54	93.95	68.66	35.95	-11.86
Interest Expense	-108.22	-105.63	-98.35	-59.43	-34.74
Interest & Investment Income	2.36	7.61	8.95	4.2	5.57
Earnings From Equity Investments	-15.71	-57.49	-56.38	2.08	-8.98
Currency Exchange Gain (Loss)	0.28	-0.33	-0.05	0.99	-3.64
EBT Excluding Unusual Items	-52.74	-61.89	-77.18	-16.21	-53.64
Gain (Loss) on Sale of Investments	-16.31	-1.53	-11.98	-17.4	44.8
Gain (Loss) on Sale of Assets	-1.25	-0.55	15.09	0.19	-0.02
Asset Writedown	31.38	96.63	645.01	77.83	3.6
Pretax Income	-38.93	32.66	570.94	44.4	-5.26
Income Tax Expense	17.56	26.04	16.02	10.05	0.46
Earnings From Continuing Operations	-56.49	6.62	554.92	34.36	-5.72
Minority Interest in Earnings	10.28	20.59	6.13	5.82	-1.97
Net Income	-46.22	27.22	561.05	40.18	-7.69
Preferred Dividends & Other Adjustments	8.8	7.06	7.04	10.5	14.02
Net Income to Common	-55.02	20.16	554.01	29.68	-21.71
Net Income Growth	-	-95.15%	1296.50%	-	-
Shares Outstanding (Basic)	527	522	521	521	521
Shares Outstanding (Diluted)	527	523	522	522	521
Shares Change (YoY)	0.77%	0.20%	0.12%	0.11%	0.02%
EPS (Basic)	-0.10	0.04	1.06	0.06	-0.04
EPS (Diluted)	-0.10	0.04	1.06	0.06	-0.04
EPS Growth	-	-96.36%	1764.36%	-	-
Free Cash Flow	56.8	-65.89	-2.67	12.62	-42.01
Free Cash Flow Per Share	0.11	-0.13	-0.01	0.02	-0.08
Dividend Per Share	0.040	0.040	0.040	0.040	0.040
Gross Margin	20.67%	20.74%	22.85%	20.06%	10.85%
Operating Margin	9.23%	13.56%	10.69%	6.84%	-3.44%
Profit Margin	-7.41%	2.91%	86.28%	5.65%	-6.31%
Free Cash Flow Margin	7.65%	-9.51%	-0.42%	2.40%	-12.20%
EBITDA	155.44	173.36	139.32	106.52	62.12
EBITDA Margin	20.93%	25.02%	21.70%	20.27%	18.05%
D&A For EBITDA	86.9	79.41	70.67	70.57	73.97
EBIT	68.54	93.95	68.66	35.95	-11.86
EBIT Margin	9.23%	13.56%	10.69%	6.84%	-3.44%
Effective Tax Rate	-	79.72%	2.81%	22.62%	-

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