Hoe Leong Corporation 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	38.53	44.01	40.01	41.79	45.46
Revenue Growth (YoY)	-12.45%	9.99%	-4.26%	-8.06%	5.30%
Cost of Revenue	28.98	34.08	30.46	33.04	36.95
Gross Profit	9.55	9.93	9.55	8.75	8.51
Selling, General & Admin	7.2	7.84	7.3	8.3	9.21
Other Operating Expenses	1.2	1.41	1.37	1.81	1.66
Operating Expenses	8.07	9.9	8.36	9.78	10.31
Operating Income	1.49	0.03	1.2	-1.03	-1.8
Interest Expense	-0.51	-0.57	-0.55	-0.54	-0.59
Interest & Investment Income	-	0	0.02	-	-
Currency Exchange Gain (Loss)	-0.23	0.42	-0.24	-0.54	-0.13
EBT Excluding Unusual Items	0.75	-0.11	0.42	-2.11	-2.51
Gain (Loss) on Sale of Assets	0.04	0.1	0.04	2.41	0.02
Asset Writedown	-0.03	0.6	-	-	-
Legal Settlements	-	-	-	-	3
Other Unusual Items	-	0.01	-	0.29	0.24
Pretax Income	0.76	0.6	0.46	0.6	0.75
Income Tax Expense	0.21	-0.13	0.21	-0.2	-0.26
Earnings From Continuing Operations	0.54	0.73	0.25	0.8	1.01
Earnings From Discontinued Operations	-	-	-	-	1.06
Net Income to Company	0.54	0.73	0.25	0.8	2.07
Net Income	0.54	0.73	0.25	0.8	2.07
Net Income to Common	0.54	0.73	0.25	0.8	2.07
Net Income Growth	-25.59%	190.80%	-68.55%	-61.56%	-0.86%
Shares Outstanding (Basic)	15,141	15,085	14,751	11,956	5,962
Shares Outstanding (Diluted)	15,141	15,085	14,751	13,221	10,536
Shares Change (YoY)	0.37%	2.27%	11.57%	25.48%	87.50%
EPS (Basic)	0.00	0.00	0.00	0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00
EPS Growth	-27.08%	200.00%	-75.76%	-67.00%	-46.09%
Free Cash Flow	4.13	1.09	-1.97	2.28	-6.65
Free Cash Flow Per Share	-	-	-	-	-0.00
Gross Margin	24.79%	22.57%	23.87%	20.94%	18.72%
Operating Margin	3.86%	0.07%	2.99%	-2.47%	-3.96%
Profit Margin	1.40%	1.65%	0.63%	1.90%	4.55%
Free Cash Flow Margin	10.72%	2.47%	-4.92%	5.46%	-14.62%
EBITDA	2.52	0.4	1.68	-0.45	-0.93
EBITDA Margin	6.54%	0.91%	4.20%	-1.07%	-2.05%
D&A For EBITDA	1.03	0.37	0.48	0.59	0.86
EBIT	1.49	0.03	1.2	-1.03	-1.8
EBIT Margin	3.86%	0.07%	2.99%	-2.47%	-3.96%
Effective Tax Rate	28.34%	-	45.30%	-	-

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