BAO Holding Limited (BAO)

BAO Holding Income Statement

Financials in millions HKD. Fiscal year is April - March.

Year Ending	Mar 31, 2025	Mar 31, 2024
Revenue	28.5	13.27
Revenue Growth (YoY)	114.79%	-
Cost of Revenue	17.6	11.01
Gross Profit	10.9	2.26
Selling, General & Admin	2.93	2.04
Other Operating Expenses	0.18	0.1
Operating Expenses	3.1	2.14
Operating Income	7.8	0.12
Interest Expense / Income	0.01	-
Other Expense / Income	-0	0
Pretax Income	7.79	0.12
Income Tax	1.15	0.04
Net Income	6.64	0.08
Net Income Growth	8708.71%	-
Free Cash Flow	2.9	0.31
Gross Margin	38.26%	17.03%
Operating Margin	27.36%	0.92%
Profit Margin	23.29%	0.57%
Free Cash Flow Margin	10.19%	2.37%
Effective Tax Rate	14.80%	36.82%
EBITDA	8.06	0.72
EBITDA Margin	28.30%	5.41%
Depreciation & Amortization	0.26	0.6
EBIT	7.8	0.12
EBIT Margin	27.37%	0.90%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).