Hong Fok 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
Rental Revenue	98.35	104.32	110.6	153.92	90.5
Other Revenue	-	0.02	0.03	0.02	0.03
Total Revenue	98.35	104.34	110.63	153.94	90.53
Revenue Growth (YoY	-5.74%	-5.68%	-28.14%	70.05%	12.57%
Property Expenses	24.99	31.3	31.96	55.25	32.63
Selling, General & Administrative	2.75	2.53	2.27	3.18	2.17
Depreciation & Amortization	0.89	0.79	0.99	1.41	1.67
Other Operating Expenses	22.23	28	23.29	20.88	16.77
Total Operating Expenses	50.86	62.64	58.61	80.71	53.28
Operating Income	47.49	41.7	52.01	73.23	37.25
Interest Expense	-26.6	-37.64	-38.56	-26.51	-20.13
Interest & Investment Income	0.74	1.25	1.43	0.74	0.46
Currency Exchange Gain (Loss)	-1.03	0.35	-0.4	-0.07	0.59
Other Non-Operating Income	-5.31	-3.9	-3.85	-4.41	-4.66
EBT Excluding Unusual Items	15.28	1.76	10.64	42.97	13.51
Gain (Loss) on Sale of Investments	2.5	2.07	1.33	-1.15	-0.22
Gain (Loss) on Sale of Assets	0.01	0.03	-0.06	-	-
Asset Writedown	16.17	11.8	87.16	197.35	35.72
Other Unusual Items	-	-0.02	-	0.12	0.17
Pretax Income	33.96	15.63	99.07	239.29	49.18
Income Tax Expense	3.36	1.44	4.05	5.37	4.52
Earnings From Continuing Operations	30.6	14.19	95.02	233.93	44.67
Minority Interest in Earnings	-2.1	9.55	-6.95	-13.83	-5.76
Net Income	28.5	23.74	88.07	220.1	38.91
Net Income to Common	28.5	23.74	88.07	220.1	38.91
Net Income Growth	20.02%	-73.04%	-59.99%	465.69%	-
Basic Shares Outstanding	642	642	642	653	667
Diluted Shares Outstanding	642	642	642	653	667
Shares Change (YoY)	-	-0.01%	-1.70%	-2.13%	-0.83%
EPS (Basic)	0.04	0.04	0.14	0.34	0.06
EPS (Diluted)	0.04	0.04	0.14	0.34	0.06
EPS Growth	20.00%	-73.03%	-59.30%	478.21%	-
Dividend Per Share	0.010	0.010	0.010	0.010	0.010
Operating Margin	48.28%	39.96%	47.02%	47.57%	41.14%
Profit Margin	28.98%	22.76%	79.61%	142.97%	42.98%
EBITDA	48.05	42.16	52.61	74.24	38.21
EBITDA Margin	48.85%	40.41%	47.56%	48.23%	42.20%
D&A For Ebitda	0.56	0.46	0.6	1.01	0.96
EBIT	47.49	41.7	52.01	73.23	37.25
EBIT Margin	48.28%	39.96%	47.02%	47.57%	41.14%
Effective Tax Rate	9.90%	9.21%	4.09%	2.24%	9.18%
Revenue as Reported	99.05	105.22	110.76	154.26	91.23

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