OTC · Financial Statements

Hong Kong Economic Times Holdings Limited (HKGEF) Financial Statements

$0.09 OTC: HKGEF Market Cap $40.14M

Hong Kong Economic Times Holdings Limited most recently reported annual revenue of $720.0M, a net loss of $43.0M. Revenue declined at an average annual rate of 6.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Hong Kong Economic Times Holdings Limited: Revenue fell from $1.1B in 2017 to $720.0M in 2026, a change of -36.1% over 9 years; net profit was positive in 8 of 11 reported years; operating margin moved from 3.9% to -6.0%, a shift of -9.9 percentage points; the most recent year shows a net loss of $43.0M.

Income Statement — 11 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	—	$1.1B	$1.2B	$1.3B	$1.1B	$1.0B	$1.0B	$1.0B	$924.0M	$804.0M	$720.0M
Operating Expenses	—	$1.1B	$1.1B	$1.2B	$1.1B	$973.0M	$994.0M	$1.0B	$851.0M	$851.0M	$763.0M
Operating Profit	—	$44.0M	$88.0M	$89.0M	$18.0M	$27.0M	$50.0M	$0	$73.0M	$-48.0M	$-43.0M
Operating Margin	0.0%	3.9%	7.4%	7.0%	1.6%	2.7%	4.8%	0.0%	7.9%	-5.9%	-6.0%
Other Income	—	$3.0M	$2.0M	$3.0M	$3.0M	$0	$1.0M	$6.0M	$12.0M	$15.0M	$5.0M
Interest	$0	$0	$0	$0	$1.0M	$0	$0	$0	$0	$1.0M	$0
Depreciation	$59.0M	$59.0M	$55.0M	$53.0M	$74.0M	$64.0M	$42.0M	$41.0M	$39.0M	$30.0M	$30.0M
Profit Before Tax	—	$47.0M	$90.0M	$92.0M	$24.0M	$28.0M	$52.0M	$40.0M	$85.0M	$-32.0M	$-38.0M
Tax	—	$34.0M	$18.9M	$19.9M	$47.4M	$-19.6M	$34.4M	$28.6M	$35.5M	$-9.0M	$-12.6M
Net Profit	—	$29.0M	$71.0M	$72.0M	$11.0M	$31.0M	$33.0M	$27.0M	$54.0M	$-36.0M	$-43.0M
EPS	$0.00	$0.07	$0.17	$0.17	$0.02	$0.07	$0.08	$0.06	$0.13	$-0.08	$-0.10
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '20	Mar '21	Sep '21	Mar '22	Sep '22	Mar '23	Sep '23	Mar '24	Sep '24	Mar '25	Sep '25	Mar '26
Revenue	$468.0M	$532.0M	$520.0M	$523.0M	$515.0M	$508.0M	$483.0M	$441.0M	$408.0M	$396.0M	$364.0M	$356.0M
Operating Expenses	$488.0M	$485.0M	$490.0M	$502.0M	$508.0M	$515.0M	$505.0M	$457.0M	$449.0M	$397.0M	$391.0M	$372.0M
Operating Profit	$-20.0M	$48.0M	$31.0M	$21.0M	$7.0M	$-7.0M	$-22.0M	$-17.0M	$-41.0M	$-1.0M	$-27.0M	$-16.0M
Operating Margin	-4.2%	8.9%	5.9%	4.1%	1.4%	-1.5%	-4.5%	-3.8%	-10.1%	-0.3%	-7.3%	-4.6%
Interest	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Profit Before Tax	$32.0M	$-5.0M	$31.0M	$22.0M	$42.0M	$-2.0M	$-15.0M	$100.0M	$-32.0M	$0	$-23.0M	$-15.0M
Tax	$8.5M	$165.9M	$22.7M	$51.0M	$14.6M	$-290.9M	$-34.6M	$25.2M	$-3.9M	$-3.5B	$-3.5M	$-26.1M
Net Profit	$29.0M	$2.0M	$23.0M	$10.0M	$35.0M	$-8.0M	$-20.0M	$74.0M	$-34.0M	$-2.0M	$-24.0M	$-19.0M
EPS	$0.07	$0.01	$0.05	$0.02	$0.08	$-0.02	$-0.05	$0.17	$-0.08	$0.00	$-0.05	$-0.04

Over the 11 years reported for Hong Kong Economic Times Holdings Limited, cash stood at $220.0M in the latest year, shareholders' equity was $43.0M, current assets covered current liabilities 2.89 times.

Balance Sheet — 11 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Total Assets	—	$1.2B	$1.2B	$1.3B	$1.2B	$1.2B	$1.2B	$1.2B	$1.2B	$1.1B	$967.0M
Current Assets	—	$622.0M	$610.0M	$659.0M	$622.0M	$701.0M	$695.0M	$689.0M	$717.0M	$624.0M	$550.0M
Cash	—	$119.0M	$175.0M	$183.0M	$221.0M	$228.0M	$363.0M	$216.0M	$212.0M	$251.0M	$220.0M
Inventory	—	$22.0M	$47.0M	$71.0M	$35.0M	$17.0M	$24.0M	$20.0M	$15.0M	$16.0M	$13.0M
Receivables	—	$-30.0M	$-16.0M	$244.0M	$168.0M	$182.0M	$180.0M	$173.0M	$152.0M	$129.0M	$97.0M
Fixed Assets	—	$415.0M	$548.0M	$564.0M	$562.0M	$460.0M	$437.0M	$442.0M	$429.0M	$381.0M	$358.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$347.0M	$192.0M	$166.0M	$172.0M	$249.0M	$141.0M	$291.0M	$335.0M	$216.0M	$249.0M
Other Assets	—	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	—	$311.0M	$355.0M	$340.0M	$308.0M	$285.0M	$293.0M	$305.0M	$260.0M	$239.0M	$215.0M
Current Liabilities	—	$265.0M	$312.0M	$296.0M	$266.0M	$264.0M	$272.0M	$274.0M	$233.0M	$213.0M	$190.0M
Borrowings	$0	$0	$0	$0	$15.0M	$19.0M	$3.0M	$12.0M	$2.0M	$9.0M	$1.0M
Other Liabilities	—	$311.0M	$355.0M	$340.0M	$293.0M	$266.0M	$290.0M	$293.0M	$258.0M	$230.0M	$214.0M
Equity	—	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M	$43.0M
Reserves	—	$831.0M	$879.0M	$910.0M	$888.0M	$891.0M	$885.0M	$871.0M	$886.0M	$808.0M	$729.0M

For Hong Kong Economic Times Holdings Limited, operating cash flow was positive in 8 of 11 reported years; free cash flow in the latest year was $0; free cash flow was positive in 8 of 11 years; financing activities used $8.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 11 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating Cash Flow	$154.0M	$94.0M	$114.0M	$81.0M	$153.0M	$151.0M	$101.0M	$83.0M	$-3.0M	$-18.0M	—
Investing Cash Flow	$-37.0M	$-53.0M	$-56.0M	$-60.0M	$-79.0M	$-116.0M	$38.0M	$-203.0M	$28.0M	$95.0M	—
Financing Cash Flow	$0	$0	$0	$0	$0	$-18.0M	$-18.0M	$-12.0M	$-11.0M	$-8.0M	—
Net Cash Flow	$-19.0M	$2.0M	$56.0M	$8.0M	$38.0M	$7.0M	$135.0M	$-147.0M	$-3.0M	$39.0M	—
Free Cash Flow	$132.0M	$74.0M	$90.0M	$58.0M	$130.0M	$131.0M	$47.0M	$57.0M	$-28.0M	$-31.0M	$0

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.12
EV / EBITDA	-4.63
FCF Yield	-1.53%
Quick Ratio	2.83
Interest Coverage	-167.87
Return 1Y	5.68%
Return 3Y	-0.91%
Return 5Y	—

Hong Kong Economic Times Holdings Limited (HKGEF) financials — frequently asked questions

What is Hong Kong Economic Times Holdings Limited's annual revenue?

Hong Kong Economic Times Holdings Limited (HKGEF) reported annual revenue of $720.0M in its most recent fiscal year.

What is Hong Kong Economic Times Holdings Limited's net profit?

Hong Kong Economic Times Holdings Limited (HKGEF) reported a net loss of $43.0M in its most recent fiscal year.

What is HKGEF EV/EBITDA?

Hong Kong Economic Times Holdings Limited's enterprise value to EBITDA (EV/EBITDA) ratio is -4.63. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

Related stock screens

High ROE Communication Services Stocks Low P/E Communication Services Stocks High Net Margin Communication Services Stocks Dividend Communication Services Stocks Low Debt Communication Services Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks All stock screens

HKGEF Overview HKGEF Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.