Wharf Real Estate Investment Company Limited (01997.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	25.6B	12.8B	12.9B	13.3B	12.4B
Cost of Revenue	5.8B	2.8B	2.6B	2.6B	2.8B
Gross Profit	19.8B	10.0B	10.3B	10.7B	9.7B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	875.0M	450.0M	412.0M	445.0M	857.0M
General & Admin Expense	326.0M	182.0M	163.0M	171.0M	295.0M
Selling & Marketing Expense	522.0M	268.0M	249.0M	274.0M	562.0M
Other Expenses	207.0M	235.0M	237.0M	246.0M	280.0M
Total Operating Expenses	1.1B	685.0M	649.0M	691.0M	1.1B
Cost and Expenses	6.8B	3.5B	3.2B	3.3B	3.6B
Operating Income (EBIT)	18.7B	9.3B	9.7B	10.0B	8.8B
Non-Operating
Interest Income	538.0M	283.0M	(72.0M)	(72.0M)	—
Interest Expense	2.9B	1.4B	2.0B	2.3B	1.2B
Net Interest Income	(2.7B)	(1.2B)	(2.1B)	(2.3B)	(1.2B)
Other Non-Op Income/Expense	(18.9B)	(12.4B)	(7.6B)	(4.2B)	(16.4B)
Non-Operating Income (excl Interest)	3.6B	—	—	—	8.0M
EBT (Pre-Tax Income)	(160.0M)	(3.1B)	2.1B	5.8B	(7.6B)
Income Tax Expense	2.5B	1.3B	1.2B	1.1B	1.4B
Bottom Line
Net Income	(2.5B)	(4.3B)	891.0M	4.8B	(8.9B)
Earnings from Cont. Ops	(2.6B)	(4.4B)	875.0M	4.6B	(8.9B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(2.5B)	(4.3B)	891.0M	4.8B	(8.9B)
Per Share
Basic EPS	(HK$0.82)	(HK$1.40)	HK$0.29	HK$1.57	(HK$2.92)
Diluted EPS	(HK$0.82)	(HK$1.40)	HK$0.29	HK$1.57	(HK$2.92)
Revenue Per Share	HK$8.42	HK$4.22	HK$4.25	HK$4.38	HK$4.09
Shares
Basic Shares Outstanding	3.0B	3.0B	3.0B	3.0B	3.0B
Diluted Shares Outstanding	3.0B	3.0B	3.0B	3.0B	3.0B
Profitability Metrics
EBITDA	15.6B	9.6B	9.9B	10.2B	9.1B
D&A	465.0M	220.0M	237.0M	246.0M	280.0M
EBIT	15.1B	9.3B	9.7B	10.0B	8.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026