Also trades as: 0778.HK (HKSE) · $vol 2M

$0.53

+0.00 (+0.00%)

OTC · Real Estate · REIT - Retail · Tech Score Strong Sell · Power 36 · $1.1B mcap · 1.45B float · 0.0000% daily turnover · Short 80% of daily vol

Revenue

$1.8B +0.6% ▲

5Y CAGR: -1.0%

Gross Profit

$1.1B +1.1% ▲

5Y CAGR: -1.6%

Operating Income

$980M -13.3% ▼

5Y CAGR: -4.6%

Net Income

-$1.2B -122.9% ▼

EPS (Diluted)

$-0.56 -115.4% ▼

EBITDA

-$622M -491.7% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.8B	$1.8B	$1.8B	$1.7B	$1.8B
YoY Growth	-2.0%	-2.3%	+1.2%	-2.2%	+0.6%
Cost of Revenue	$595M	$598M	$585M	$614M	$612M
Gross Profit	$1.2B	$1.2B	$1.2B	$1.1B	$1.1B
Gross Margin	67.1%	66.1%	67.2%	64.8%	65.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$37M	$27M	$28M	$22M	$0
Operating Expenses	$2M	$27M	$28M	$2M	$165M
Operating Income	$1.2B	$1.2B	$1.2B	$1.1B	$980M
Operating Margin	66.9%	66.1%	65.7%	64.7%	55.8%
Interest Expense	$107M	$222M	$511M	$541M	$415M
Income Before Tax	$1.5B	$777M	-$4M	-$382M	-$1.0B
Tax Expense	$204M	$275M	$151M	$137M	$121M
Net Income	$1.3B	$503M	-$155M	-$519M	-$1.2B
Net Margin	72.9%	28.5%	-8.7%	-29.7%	-65.9%
EPS (Diluted)	$0.67	$0.25	$-0.08	$-0.26	$-0.56
EBITDA	$1.2B	$1.2B	$1.2B	$159M	-$622M
Shares Outstanding	1.97B	1.98B	2.00B	2.03B	263M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$897M	$909M	$981M	$872M	$874M	$854M	$848M	$821M
Cost of Revenue	$295M	$281M	$312M	$288M	$306M	$289M	$312M	$295M
Gross Profit	$602M	$628M	$669M	$584M	$568M	$566M	$536M	$526M
Gross Margin	67.1%	69.1%	68.2%	66.9%	65.0%	66.2%	63.2%	64.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$9M	$19M	$4M	$12M	$9M	$13M	$0	$13M
Operating Expenses	$167M	$109M	$4M	$12M	$9M	$13M	$12M	$153M
Operating Income	$593M	$609M	$526M	$571M	$559M	$553M	$524M	$373M
Operating Margin	66.1%	67.0%	53.6%	65.5%	63.9%	64.7%	61.8%	45.4%
Interest Expense	$0	$0	$0	$0	$198M	$172M	$187M	$186M
Income Before Tax	$293M	$367M	-$371M	$38M	-$420M	-$602M	-$434M	$492M
Tax Expense	$179M	$88M	$63M	$74M	$62M	$51M	$69M	$75M
Net Income	$114M	$279M	-$434M	-$36M	-$483M	-$653M	-$504M	$417M
Net Margin	12.7%	30.7%	-44.2%	-4.2%	-55.2%	-76.5%	-59.4%	50.8%
EPS (Diluted)	$0.06	$0.14	$-0.22	$-0.02	$-0.24	$-0.32	$-0.25	$1.57
EBITDA	$0	$0	$244M	$362M	$0	$0	-$247M	$492M
Shares Outstanding	1.99B	2.00B	2.01B	2.02B	2.03B	2.04B	2.05B	263M

FRIVF OTC