SGX:T43 Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	510.35	576.62	341.86	288.09	84.11	60.99
Revenue Growth (YoY)	12.44%	68.67%	18.67%	242.53%	37.91%	-80.42%
Cost of Revenue	485.81	551.01	331.78	274.52	92.53	65.48
Gross Profit	24.54	25.6	10.08	13.57	-8.43	-4.49
Selling, General & Admin	18.07	17.19	14.6	18.18	14.51	19.2
Other Operating Expenses	-0.02	-	-	0.04	8.64	23.04
Operating Expenses	17.74	17.6	14.61	14.01	18.09	52.78
Operating Income	6.8	8	-4.52	-0.44	-26.51	-57.27
Interest Expense	-3.68	-3.13	-4.06	-2.37	-1.35	-3.29
Interest & Investment Income	0.79	0.63	0.36	0.35	0.29	0.5
Currency Exchange Gain (Loss)	0.41	0.55	1.21	1.73	-	-
Other Non Operating Income (Expenses)	-2.19	-2.8	2.39	-8.14	-0.33	-1.94
EBT Excluding Unusual Items	2.13	3.25	-4.63	-8.88	-27.9	-62.01
Gain (Loss) on Sale of Assets	-	-	-	-0.11	2.11	-0.29
Asset Writedown	-	-	-	-	-1.05	-
Other Unusual Items	-	-	-	0.1	-	0.09
Pretax Income	2.13	3.25	-4.63	-8.88	-26.84	-62.2
Income Tax Expense	3.98	2.75	0.34	-	0.11	-
Earnings From Continuing Operations	-1.85	0.49	-4.97	-8.88	-26.95	-62.2
Net Income to Company	-1.85	0.49	-4.97	-8.88	-26.95	-62.2
Net Income	-1.85	0.49	-4.97	-8.88	-26.95	-62.2
Net Income to Common	-1.85	0.49	-4.97	-8.88	-26.95	-62.2
Shares Outstanding (Basic)	275	275	275	275	275	275
Shares Outstanding (Diluted)	275	275	275	275	275	275
EPS (Basic)	-0.01	0.00	-0.02	-0.03	-0.10	-0.23
EPS (Diluted)	-0.01	0.00	-0.02	-0.03	-0.10	-0.23
Free Cash Flow	70.97	-75.8	13.94	-7.61	-67.43	77.19
Free Cash Flow Per Share	0.26	-0.28	0.05	-0.03	-0.24	0.28
Gross Margin	4.81%	4.44%	2.95%	4.71%	-10.02%	-7.36%
Operating Margin	1.33%	1.39%	-1.32%	-0.15%	-31.52%	-93.91%
Profit Margin	-0.36%	0.08%	-1.45%	-3.08%	-32.05%	-101.99%
Free Cash Flow Margin	13.91%	-13.15%	4.08%	-2.64%	-80.18%	126.57%
EBITDA	6.86	8.06	-4.46	0.05	-25.87	-56.76
EBITDA Margin	1.34%	1.40%	-1.31%	0.02%	-30.76%	-93.07%
D&A For EBITDA	0.05	0.05	0.06	0.49	0.64	0.51
EBIT	6.8	8	-4.52	-0.44	-26.51	-57.27
EBIT Margin	1.33%	1.39%	-1.32%	-0.15%	-31.52%	-93.91%
Effective Tax Rate	186.78%	84.87%	-	-	-	-

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