NCI 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	216.65	235.67	174.2	347.45	240.54	182.58
Revenue Growth (YoY)	23.41%	35.28%	-49.86%	44.45%	31.74%	-
Cost of Revenue	157.76	186.22	139.15	305.62	217.94	170.93
Gross Profit	58.88	49.44	35.05	41.83	22.59	11.65
Selling, General & Admin	25.43	37.87	26	22.9	18.12	15.31
Depreciation & Amortization Expenses	7.1	6.03	3.37	3.34	2.49	-
Total Operating Expenses	32.53	43.91	29.37	26.24	20.61	15.31
Operating Income	26.35	5.54	5.67	15.59	1.99	-3.65
Interest Income	-	0.03	0.09	0	0	-
Interest Expense	-0.62	-3.76	-5.76	-6.13	-2.49	-2.87
Other Non-Operating Income (Expense)	0.25	1.3	2.36	2.58	5.21	3.33
Total Non-Operating Income (Expense)	-0.37	-2.42	-3.31	-3.55	2.72	0.46
Pretax Income	10.66	9.15	5.74	15.38	7.19	-3.19
Provision for Income Taxes	1.97	1.09	1.33	2.98	1.74	0.13
Net Income	8.69	8.06	4.41	12.4	5.45	-3.33
Net Income to Common	8.69	8.06	4.41	12.4	5.45	-3.33
Net Income Growth	1.69%	82.65%	-64.40%	127.51%	-	-
Shares Outstanding (Basic)	4	20	18	4	4	4
Shares Outstanding (Diluted)	4	20	18	4	4	4
Shares Change (YoY)	-77.53%	8.91%	400.00%	-	-	-
EPS (Basic)	2.14	0.41	0.25	3.45	1.50	-0.94
EPS (Diluted)	2.14	0.41	0.25	3.45	1.50	-0.94
EPS Growth	4.27%	64.00%	-92.75%	130.00%	-	-
Free Cash Flow	18.64	-3.72	-50.29	-42.83	10.19	6.17
Free Cash Flow Growth	-	-	-	-	65.24%	-
Free Cash Flow Per Share	-	-0.19	-2.79	-11.90	2.83	1.71
Gross Margin	27.18%	20.98%	20.12%	12.04%	9.39%	6.38%
Operating Margin	22.32%	2.35%	3.26%	4.49%	0.83%	-2.00%
Profit Margin	4.01%	3.42%	2.53%	3.57%	2.27%	-1.82%
FCF Margin	8.60%	-1.58%	-28.87%	-12.33%	4.24%	3.38%
EBITDA	52.31	7.71	5.82	15.74	2.27	-3.33
EBITDA Margin	24.14%	3.27%	3.34%	4.53%	0.95%	-1.82%
EBIT	26.35	5.54	5.67	15.59	1.99	-3.65
EBIT Margin	22.32%	2.35%	3.26%	4.49%	0.83%	-2.00%
Effective Tax Rate	18.50%	11.87%	23.09%	19.37%	24.22%	-4.18%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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