Shun Tak Holdings Limited - Income Statement Highlights

(HKD’ million)	1H25	1H24	2024	2023	2022	2021	2020
Revenue and other income	1,516	2,301	4,881	4,406	3,667	4,977	4,472
Adjusted EBITDA¹	750	415	901	813	732	2,195	2,463
Profit/(loss) attributable to Owners of the Company	(120)	(428)	(824)	(677)	(558)	962	262
Adjusted profit/(loss) excluding fair value changes on investment properties	270	(108)	(244)	(209)	(102)	1,052	1,089
Basic and diluted earnings/(loss) per share (HK cents)	(4.0)	(14.2)	(27.3)	(22.4)	(18.5)	31.9	8.7
Total dividend (HK cents)	–	–	–	–	–	–	–
Interim	–	–	–	–	–	–	–
Final	–	–	–	–	–	–	–
Special	–	–	–	–	–	–	–
Payout Ratio²	–	–	–	–	–	–	–

Adjusted EBITDA = Operating Profit – fair value changes on investment properties + depreciation and amortisation + share of results of associates and joint ventures^#
^# Share of results of associates and joint ventures excludes the shares of the revaluation surplus from those investment properties that are owned by associates and joint ventures
Payout ratio: Total dividends / Adjusted profit attributable to owners of the Company^##
^## Adjusted profit attributable to owners of the Company excluded the effect of net revaluation change of investment properties held by the Group, associates and joint ventures and one-off disposal gain, but included the effect of net realised revaluation surplus of investment properties sold.

* Revenue and other income by division excludes interest income and unallocated income

*** Adjusted EBITDA = Operating Profit – fair value changes on investment properties + depreciation and amortisation + share of results of associates and joint ventures## Share of results of associates and joint ventures excludes the shares of the revaluation surplus from those investment properties that are owned by associates and joint ventures #
# Share of results of associates and joint ventures excludes the shares of the revaluation surplus from those investment properties that are owned by associates and joint ventures

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