Hong Fok Corporation Limited (SGX:H30)

Hong Fok Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	106.65	104.32	110.6	153.92	90.5	80.4
Other Revenue	-0.23	0.02	0.03	0.02	0.03	0.02
Total Revenue	106.42	104.34	110.63	153.94	90.53	80.42
Revenue Growth (YoY	1.15%	-5.68%	-28.14%	70.05%	12.57%	-28.99%
Property Expenses	32.85	31.3	31.96	55.25	32.63	23.06
Selling, General & Administrative	2.78	2.53	2.27	3.18	2.17	2.24
Depreciation & Amortization	0.83	0.79	0.99	1.41	1.67	1.96
Other Operating Expenses	29.65	28	23.29	20.88	16.77	14.75
Total Operating Expenses	66.11	62.64	58.61	80.71	53.28	42.1
Operating Income	40.31	41.7	52.01	73.23	37.25	38.32
Interest Expense	-32.76	-37.64	-38.56	-26.51	-20.13	-22.96
Interest & Investment Income	1.25	1.25	1.43	0.74	0.46	0.85
Currency Exchange Gain (Loss)	-1.51	0.35	-0.4	-0.07	0.59	-
Other Non-Operating Income	-4.59	-3.9	-3.85	-4.41	-4.66	-8.66
EBT Excluding Unusual Items	2.71	1.76	10.64	42.97	13.51	7.56
Gain (Loss) on Sale of Investments	4.02	2.07	1.33	-1.15	-0.22	-0.09
Gain (Loss) on Sale of Assets	0.02	0.03	-0.06	-	-	-
Asset Writedown	11.83	11.8	87.16	197.35	35.72	-30.59
Other Unusual Items	-0.02	-0.02	-	0.12	0.17	1.02
Pretax Income	18.56	15.63	99.07	239.29	49.18	-22.12
Income Tax Expense	2.17	1.44	4.05	5.37	4.52	4.18
Earnings From Continuing Operations	16.38	14.19	95.02	233.93	44.67	-26.3
Minority Interest in Earnings	9.15	9.55	-6.95	-13.83	-5.76	17.6
Net Income	25.54	23.74	88.07	220.1	38.91	-8.7
Net Income to Common	25.54	23.74	88.07	220.1	38.91	-8.7
Net Income Growth	-69.91%	-73.04%	-59.99%	465.69%	-	-
Basic Shares Outstanding	642	642	642	653	667	673
Diluted Shares Outstanding	642	642	642	653	667	673
Shares Change (YoY)	0.40%	-0.01%	-1.70%	-2.13%	-0.83%	-1.82%
EPS (Basic)	0.04	0.04	0.14	0.34	0.06	-0.01
EPS (Diluted)	0.04	0.04	0.14	0.34	0.06	-0.01
EPS Growth	-70.01%	-73.03%	-59.30%	478.21%	-	-
Dividend Per Share	0.010	0.010	0.010	0.010	0.010	0.010
Operating Margin	37.88%	39.96%	47.02%	47.57%	41.14%	47.65%
Profit Margin	23.99%	22.76%	79.61%	142.97%	42.98%	-10.81%
EBITDA	40.8	42.16	52.61	74.24	38.21	39.24
EBITDA Margin	38.34%	40.41%	47.56%	48.23%	42.20%	48.80%
D&A For Ebitda	0.49	0.46	0.6	1.01	0.96	0.93
EBIT	40.31	41.7	52.01	73.23	37.25	38.32
EBIT Margin	37.88%	39.96%	47.02%	47.57%	41.14%	47.65%
Effective Tax Rate	11.71%	9.21%	4.09%	2.24%	9.18%	-
Revenue as Reported	107.3	105.22	110.76	154.26	91.23	87.23

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