Hock Lian Seng Holdings Limited (SGX:J2T)

Hock Lian Seng Holdings 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	186.26	183.46	201.96	142.71	168.62
Revenue Growth (YoY)	1.53%	-9.16%	41.52%	-15.37%	179.91%
Cost of Revenue	171.01	153.09	178.77	132.31	151.57
Gross Profit	15.25	30.37	23.2	10.4	17.05
Selling, General & Admin	5.99	6.31	4.86	3.58	4.3
Other Operating Expenses	0.72	0.99	1.96	1.88	1.54
Operating Expenses	6.71	7.3	6.82	5.46	5.85
Operating Income	8.55	23.07	16.38	4.94	11.2
Interest Expense	-0.08	-	-	-	-
Interest & Investment Income	4.59	6.4	5.48	3.21	2.45
Earnings From Equity Investments	0.37	0.06	-0.44	3.08	7.29
Currency Exchange Gain (Loss)	-0.03	0.12	0.18	0.09	0.3
Other Non Operating Income (Expenses)	6.03	6.51	8.44	7.36	4.62
EBT Excluding Unusual Items	19.42	36.15	30.04	18.68	25.85
Gain (Loss) on Sale of Investments	-	-	-	-	0.1
Gain (Loss) on Sale of Assets	0.47	1.41	0.65	0.33	0.15
Asset Writedown	-	0.1	0.2	0.1	0.05
Other Unusual Items	-	-	-	0.36	2.33
Pretax Income	19.9	37.66	30.89	19.47	28.48
Income Tax Expense	2.63	5.59	4.24	3.07	3.51
Earnings From Continuing Operations	17.26	32.07	26.64	16.4	24.97
Minority Interest in Earnings	-0.25	-0.08	-0.08	0.11	0.16
Net Income	17.01	31.99	26.56	16.51	25.13
Net Income to Common	17.01	31.99	26.56	16.51	25.13
Net Income Growth	-46.82%	20.41%	60.93%	-34.31%	493.18%
Shares Outstanding (Basic)	511	512	512	512	512
Shares Outstanding (Diluted)	511	512	512	512	512
Shares Change (YoY)	-0.25%	-	-	-	-
EPS (Basic)	0.03	0.06	0.05	0.03	0.05
EPS (Diluted)	0.03	0.06	0.05	0.03	0.05
EPS Growth	-46.69%	20.41%	61.09%	-34.29%	512.50%
Free Cash Flow	-107.07	29.16	-6.91	49.89	6.08
Free Cash Flow Per Share	-0.21	0.06	-0.01	0.10	0.01
Dividend Per Share	0.011	0.018	0.015	0.010	0.013
Dividend Growth	-37.50%	20.00%	50.00%	-20.00%	400.00%
Gross Margin	8.19%	16.55%	11.48%	7.29%	10.11%
Operating Margin	4.59%	12.58%	8.11%	3.46%	6.64%
Profit Margin	9.13%	17.44%	13.15%	11.57%	14.90%
Free Cash Flow Margin	-57.49%	15.89%	-3.42%	34.96%	3.61%
EBITDA	11.09	25.36	18.65	8.62	15.98
EBITDA Margin	5.95%	13.82%	9.23%	6.04%	9.47%
D&A For EBITDA	2.55	2.29	2.27	3.68	4.78
EBIT	8.55	23.07	16.38	4.94	11.2
EBIT Margin	4.59%	12.58%	8.11%	3.46%	6.64%
Effective Tax Rate	13.23%	14.84%	13.73%	15.77%	12.33%

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