Income Statement CSC Holdings Limited

Stocks

235 HK0235034623

Coal

Market Closed - Hong Kong S.E. 04:08:03 2026-10-06 EDT			5-day change	1st Jan Change
0.0200 ^HKD	0.00%		0.00%	-33.33%

08-25	CSC Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2026	CI
08-20	CSC Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2026	CI

31e1a9eab926c2.TbmQbtPlYfjyx2zfw_pVAJgL037rI29uFsWgEdJ5k40.G8DELKqSJ4zfqDyd960RWsFG6gvddF5cerP4X7UMpsM9y_ci4LMLgKKtKQ

Published financial data: CSC HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Revenues	222M	188M	-	-	-
Interest And Invest. Income (Rev)	195M	131M	70M	61.9M	34.48M
Other Revenues, Total	6.6M	4.07M	1.89M	3.29M	1.66M
Total Revenues	424M	324M	71.89M	65.19M	36.14M
Cost of Goods Sold, Total	242M	397M	-10.26M	10.65M	-6.21M
Gross Profit	182M	-73.89M	82.15M	54.55M	42.36M
Selling General & Admin Expenses, Total	30.54M	29.51M	33.43M	39.81M	34.12M
Provision for Bad Debts	-	-	-	-	586K
Other Operating Expenses, Total	30.54M	29.51M	33.43M	39.81M	34.71M
Operating Income	151M	-103M	48.72M	14.74M	7.65M
Interest Expense, Total	-112M	-13.1M	-898K	-1.49M	-1.01M
Interest And Investment Income	2.72M	8.08M	38.27M	37.53M	21.52M
Net Interest Expenses	-109M	-5.02M	37.37M	36.03M	20.51M
Income (Loss) On Equity Invest.	-	-	-	-	-1.91M
Currency Exchange Gains (Loss)	-998K	15K	-2K	-560K	-936K
Other Non Operating Income (Expenses)	-65.06M	-32.19M	-53.94M	-35.1M	-34.9M
EBT, Excl. Unusual Items	-24.09M	-141M	32.15M	15.1M	-9.59M
Gain (Loss) On Sale Of Investments	-4.01B	-15.39M	-18.64M	-8.52M	38K
Gain (Loss) On Sale Of Assets	350K	9K	-	10K	-
Other Unusual Items	-	1.12M	-	-	-
EBT, Incl. Unusual Items	-4.03B	-155M	13.51M	6.59M	-9.55M
Income Tax Expense	-447M	34.4M	-13.27M	2.08M	3.72M
Earnings From Continuing Operations	-3.58B	-189M	26.79M	4.51M	-13.27M
Net Income to Company	-3.58B	-189M	26.79M	4.51M	-13.27M
Net Income - (IS)	-3.58B	-189M	26.79M	4.51M	-13.27M
Net Income to Common Incl Extra Items	-3.58B	-189M	26.79M	4.51M	-13.27M
Net Income to Common Excl. Extra Items	-3.58B	-189M	26.79M	4.51M	-13.27M
Per Share Items
Net EPS - Basic	-0.18	-0.01	0	0	-0
Basic EPS - Continuing Operations	-0.18	-0.01	0	0	-0
Basic Weighted Average Shares Outstanding	20.39B	20.39B	20.39B	20.39B	20.39B
Net EPS - Diluted	-0.18	-0.01	0	0	-0
Diluted EPS - Continuing Operations	-0.18	-0.01	0	0	-0
Diluted Weighted Average Shares Outstanding	20.39B	20.39B	20.39B	20.39B	20.39B
Normalized Basic EPS	-0	-0	0	0	-0
Normalized Diluted EPS	-0	-0	0	0	-0
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	154M	-100M	51.52M	17.47M	10.45M
EBITA	151M	-103M	48.72M	14.74M	7.65M
EBIT	151M	-103M	48.72M	14.74M	7.65M
EBITDAR	154M	-	-	-	-
Total Revenues (As Reported)	424M	324M	71.89M	65.19M	36.14M
Effective Tax Rate - (Ratio)	11.1	-22.21	-98.22	31.61	-38.9
Current Domestic Taxes	6.28M	5.86M	-	-	100K
Total Current Taxes	6.28M	5.86M	-8.31M	284K	100K
Deferred Domestic Taxes	-	-	-	-	3.62M
Total Deferred Taxes	-454M	28.54M	-4.96M	1.8M	3.62M
Normalized Net Income	-15.05M	-87.87M	20.1M	9.44M	-5.99M
Interest on Long-Term Debt	94.11M	13.06M	898K	1.49M	1.01M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	8K	-	-	-	-
Imputed Operating Lease Interest Expense	5.22K	-	-	-	-
Imputed Operating Lease Depreciation	2.78K	-	-	-	-

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Assets
Cash And Equivalents	1.53B	1.01B	1.31B	1.52B	1.87B
Short Term Investments	-	-	4.42M	-	-
Trading Asset Securities, Total	26.63M	17.03M	9.91M	7.11M	23.81M
Total Cash And Short Term Investments	1.55B	1.02B	1.33B	1.53B	1.89B
Accounts Receivable, Total	211M	118M	108M	167M	78.19M
Other Receivables	20.4M	27.76M	19.11M	12.8M	9.75M
Notes Receivable	1.23B	1.02B	640M	303M	301M
Total Receivables	1.47B	1.17B	767M	482M	389M
Inventory	-	-	-	-	-
Other Current Assets, Total	7.36M	266K	405K	474K	1.38M
Total Current Assets	3.03B	2.19B	2.09B	2.01B	2.28B
Gross Property Plant And Equipment	54.66M	44.6M	70.51M	59.01M	57.86M
Accumulated Depreciation	-20.82M	-23.49M	-26.28M	-28.31M	-31.11M
Net Property Plant And Equipment	33.84M	21.12M	44.23M	30.7M	26.75M
Long-term Investments	65.89M	24M	1.93M	1.45M	98.11M
Goodwill	4M	4M	4M	4M	8M
Loans Receivable Long-Term	-	-	127M	221M	-
Deferred Tax Assets Long-Term	29.86M	1.32M	6.28M	4.48M	860K
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3.16B	2.24B	2.28B	2.27B	2.41B
Liabilities
Accounts Payable, Total	20.64M	17.85M	21.25M	23.45M	173M
Accrued Expenses, Total	5.9M	20.05M	6.64M	5.47M	9.18M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	692M	-	-	-	-
Current Portion of Leases	9.37M	7.94M	9.73M	10.01M	9.99M
Current Income Taxes Payable	9.97M	2.2M	3.2M	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	-	-	-	-	14.8M
Total Current Liabilities	738M	48.04M	40.82M	38.93M	207M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	7.89M	887K	25.78M	15.12M	5.03M
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	746M	48.93M	66.6M	54.05M	212M
Common Stock, Total	3.22B	3.22B	3.22B	3.22B	3.22B
Retained Earnings	-924M	-1.11B	-1.09B	-1.08B	-1.1B
Comprehensive Income and Other	122M	88.56M	82.36M	82.73M	81.14M
Total Common Equity	2.41B	2.19B	2.21B	2.22B	2.2B
Total Equity	2.41B	2.19B	2.21B	2.22B	2.2B
Total Liabilities And Equity	3.16B	2.24B	2.28B	2.27B	2.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.39B	20.39B	20.39B	20.39B	20.39B
ECS Total Common Shares Outstanding	20.39B	20.39B	20.39B	20.39B	20.39B
Book Value / Share	0.12	0.11	0.11	0.11	0.11
Tangible Book Value	2.41B	2.19B	2.21B	2.21B	2.19B
Tangible Book Value Per Share	0.12	0.11	0.11	0.11	0.11
Total Debt	709M	8.83M	35.51M	25.13M	15.02M
Net Debt	-844M	-1.01B	-1.29B	-1.5B	-1.87B
Debt Equivalent Oper. Leases	64K	-	-	-	-
Equity Method Investments, Total	-	-	-	-	96.66M
Account Code - Inventory Valuation	6	6	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Buildings, Total	2.12M	2.12M	2.12M	2.12M	2.12M
Machinery, Total	33.44M	31.71M	31.75M	31.08M	31.66M
Full Time Employees	48	50	56	48	48

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Net Income	-3.58B	-189M	26.79M	4.51M	-13.27M
Depreciation & Amortization - CF	12.57M	10.39M	12.9M	12.85M	12.86M
Depreciation & Amortization, Total	12.57M	10.39M	12.9M	12.85M	12.86M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-350K	-9K	-	-10K	-
(Gain) Loss on Sale of Investments - (CF)	337M	14.27M	18.64M	8.52M	-
Provision for Credit Losses	20.35M	209M	-10.26M	10.65M	-6.21M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	1.91M
Provision and Write-off of Bad Debts	-	-	-	-	586K
Other Operating Activities, Total	-332M	-30.24M	62.08M	2.03M	66.69M
Change in Trading Asset Securities	4.04B	2.63M	-	-	-16.7M
Change In Accounts Receivable	-66.46M	94.07M	2.69M	-41.13M	92.11M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-22.67M	9.04M	-10.01M	1.03M	153M
Change in Other Net Operating Assets	232M	67.21M	211M	215M	30.66M
Cash from Operations	639M	188M	314M	214M	322M
Capital Expenditure	-334K	-10K	-44K	-35K	-9M
Sale of Property, Plant, and Equipment	860K	1.5M	-	10K	-
Cash Acquisitions	-	-	-	-	-4.15M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	69.46M	-	-	991K	-99.45M
Other Investing Activities, Total	987K	3.64M	152K	76K	-
Cash from Investing	70.97M	5.13M	108K	1.04M	-113M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-355M	-	-	-	-
Long-Term Debt Repaid, Total	-1.01B	-707M	-9.28M	-9.62M	-10.06M
Total Debt Repaid	-1.36B	-707M	-9.28M	-9.62M	-10.06M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-77.43M	-5.5M	-898K	-1.49M	-1.69M
Cash from Financing	-1.44B	-713M	-10.18M	-11.11M	-11.75M
Foreign Exchange Rate Adjustments	-	-	-50K	327K	-683K
Net Change in Cash	-732M	-520M	304M	204M	197M
Supplemental Items
Cash Interest Paid	77.43M	5.5M	898K	1.49M	1.69M
Cash Income Tax Paid (Refund)	-17.16M	15.36M	-14.9M	3.88M	-310K
Levered Free Cash Flow	4.25B	247M	433M	304M	269M
Unlevered Free Cash Flow	4.32B	255M	434M	305M	269M
Change In Net Working Capital	-4.21B	-310M	-390M	-283M	-261M
Net Debt Issued / Repaid	-1.36B	-707M	-9.28M	-9.62M	-10.06M

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Profitability
Return on Assets	1.62	-2.39	1.35	0.4	0.2
Return on Total Capital	1.7	-2.43	1.37	0.41	0.21
Return On Equity %	-85.8	-8.22	1.22	0.2	-0.6
Return on Common Equity	-85.8	-8.22	1.22	0.2	-0.6
Margin Analysis
Gross Profit Margin %	42.81	-22.83	114.28	83.67	117.19
SG&A Margin	7.2	9.12	46.5	61.07	94.41
EBITDA Margin %	36.38	-31.05	71.66	26.8	28.9
EBITA Margin %	35.61	-31.96	67.78	22.6	21.16
EBIT Margin %	35.61	-31.96	67.78	22.6	21.16
Income From Continuing Operations Margin %	-845.13	-58.49	37.26	6.92	-36.71
Net Income Margin %	-845.13	-58.49	37.26	6.92	-36.71
Net Avail. For Common Margin %	-845.13	-58.49	37.26	6.92	-36.71
Normalized Net Income Margin	-3.55	-27.16	27.96	14.48	-16.58
Levered Free Cash Flow Margin	1K	76.39	602.54	465.95	742.97
Unlevered Free Cash Flow Margin	1.02K	78.92	603.32	467.38	744.72
Asset Turnover
Asset Turnover	0.07	0.12	0.03	0.03	0.02
Fixed Assets Turnover	10.54	11.78	2.2	1.74	1.26
Receivables Turnover (Average Receivables)	1.42	1.14	-	-	-
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	4.1	45.58	51.32	51.6	11.02
Quick Ratio	2.42	24.33	35.63	43.81	9.56
Operating Cash Flow to Current Liabilities	0.87	3.9	7.69	5.49	1.56
Days Sales Outstanding (Average Receivables)	257.44	318.9	-	-	-
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	45.92	17.67	-695.25	768.34	-5.77K
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	29.38	0.4	1.61	1.13	0.68
Total Debt / Total Capital	22.71	0.4	1.58	1.12	0.68
LT Debt/Equity	0.33	0.04	1.17	0.68	0.23
Long-Term Debt / Total Capital	0.25	0.04	1.15	0.67	0.23
Total Liabilities / Total Assets	23.6	2.18	2.92	2.38	8.78
EBIT / Interest Expense	1.35	-7.89	54.26	9.87	7.55
EBITDA / Interest Expense	1.46	-7.1	68.62	18.48	20.24
(EBITDA - Capex) / Interest Expense	1.46	-7.1	68.57	18.45	11.36
Total Debt / EBITDA	4.34	-0.09	0.58	0.91	0.73
Net Debt / EBITDA	-5.16	10.9	-20.96	-54.4	-91.41
Total Debt / (EBITDA - Capex)	4.35	-0.09	0.58	0.91	1.31
Net Debt / (EBITDA - Capex)	-5.17	10.9	-20.98	-54.47	-162.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	65.4	-23.68	-77.78	-9.31	-44.56
Gross Profit, 1 Yr. Growth %	267.41	-140.71	-211.18	-33.6	-22.35
EBITDA, 1 Yr. Growth %	513.54	-165.15	-151.27	-66.08	-40.22
EBITA, 1 Yr. Growth %	593.44	-168.49	-147.12	-69.76	-48.1
EBIT, 1 Yr. Growth %	593.44	-168.49	-147.12	-69.76	-48.1
Earnings From Cont. Operations, 1 Yr. Growth %	-256.94	-94.72	-114.15	-83.17	-394.26
Net Income, 1 Yr. Growth %	-256.94	-94.72	-114.15	-83.17	-394.26
Normalized Net Income, 1 Yr. Growth %	-84.85	483.7	-122.87	-53.02	-163.49
Diluted EPS Before Extra, 1 Yr. Growth %	-232.29	-94.72	-114.15	-83.18	-394.12
Accounts Receivable, 1 Yr. Growth %	104.3	-43.78	-8.9	54.44	-53.07
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-27.36	-37.6	109.45	-30.59	-12.85
Total Assets, 1 Yr. Growth %	-62.74	-29.11	1.71	-0.34	6.3
Tangible Book Value, 1 Yr. Growth %	-59.39	-9.25	0.94	0.22	-0.85
Common Equity, 1 Yr. Growth %	-59.35	-9.24	0.94	0.22	-0.67
Cash From Operations, 1 Yr. Growth %	-44.18	-70.65	67.39	-31.92	50.58
Capital Expenditures, 1 Yr. Growth %	-81.2	-97.01	340	-20.45	25.62K
Levered Free Cash Flow, 1 Yr. Growth %	-321.94	-94.18	75.24	-29.87	-11.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-337.92	-94.08	69.84	-29.74	-11.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-26.27	12.35	-58.82	-55.11	-29.09
Gross Profit, 2 Yr. CAGR %	-13.52	22.3	-32.72	-14.08	-28.19
EBITDA, 2 Yr. CAGR %	-16.46	99.92	-42.21	-58.3	-54.97
EBITA, 2 Yr. CAGR %	-16.73	117.93	-43.19	-62.25	-60.38
EBIT, 2 Yr. CAGR %	-16.73	117.93	-43.19	-62.25	-60.38
Earnings From Cont. Operations, 2 Yr. CAGR %	233.1	-71.21	-91.35	-84.56	-29.62
Net Income, 2 Yr. CAGR %	233.1	-71.21	-91.35	-84.56	-29.62
Normalized Net Income, 2 Yr. CAGR %	11.42	-5.97	15.54	-67.22	-45.39
Diluted EPS Before Extra, 2 Yr. CAGR %	204.08	-73.57	-91.35	-84.57	-29.67
Accounts Receivable, 2 Yr. CAGR %	176.42	7.17	-28.44	18.61	-14.86
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	5.82	-32.67	14.32	20.57	-22.23
Total Assets, 2 Yr. CAGR %	-22.01	-48.61	-15.09	0.68	2.93
Tangible Book Value, 2 Yr. CAGR %	-15.38	-39.29	-4.29	0.58	-0.32
Common Equity, 2 Yr. CAGR %	-15.36	-39.26	-4.28	0.58	-0.23
Cash From Operations, 2 Yr. CAGR %	25.47	-59.52	-29.91	6.75	1.25
Capital Expenditures, 2 Yr. CAGR %	95.94	-92.5	-63.7	87.08	1.33K
Levered Free Cash Flow, 2 Yr. CAGR %	88.58	-64.06	-68.06	10.86	-21.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	99.26	-62.48	-68.3	9.23	-21.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-34.04	-25.42	-34.55	-46.43	-51.84
Gross Profit, 3 Yr. CAGR %	-24.01	-32.73	18.47	-33.02	-16.93
EBITDA, 3 Yr. CAGR %	-26.32	-23.1	27.02	-51.61	-52.98
EBITA, 3 Yr. CAGR %	-26.63	-21.98	30.8	-53.96	-58.02
EBIT, 3 Yr. CAGR %	-26.63	-21.98	30.8	-53.96	-58.02
Earnings From Cont. Operations, 3 Yr. CAGR %	71.63	-16.32	-77.28	-89.2	-58.77
Net Income, 3 Yr. CAGR %	71.63	-16.32	-77.28	-89.2	-58.77
Normalized Net Income, 3 Yr. CAGR %	-49.71	93.51	-41.31	-14.41	-59.14
Diluted EPS Before Extra, 3 Yr. CAGR %	61.51	-21.25	-78.54	-89.21	-58.78
Accounts Receivable, 3 Yr. CAGR %	86.16	62.56	1.52	-7.52	-12.92
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	13.75	-11.27	-1.72	-3.2	8.21
Total Assets, 3 Yr. CAGR %	-19.52	-24.45	-35.48	-10.43	2.52
Tangible Book Value, 3 Yr. CAGR %	-12.86	-13.38	-28.08	-2.81	0.1
Common Equity, 3 Yr. CAGR %	-12.84	-13.37	-28.05	-2.8	0.16
Cash From Operations, 3 Yr. CAGR %	12.12	-22.69	-35.03	-30.59	19.72
Capital Expenditures, 3 Yr. CAGR %	90.91	-51.38	-70.85	-52.85	865.56
Levered Free Cash Flow, 3 Yr. CAGR %	106.91	-40.84	-39.05	-58.49	2.8
Unlevered Free Cash Flow, 3 Yr. CAGR %	125.16	-38.3	-37.94	-58.67	1.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.39	-24.71	-45.37	-39.13	-32.42
Gross Profit, 5 Yr. CAGR %	-0.45	-24.27	-27.62	-25.81	-3.03
EBITDA, 5 Yr. CAGR %	0.14	-17.38	-33.14	-39.8	-16.11
EBITA, 5 Yr. CAGR %	-0.06	-16.7	-33.77	-41.64	-18.88
EBIT, 5 Yr. CAGR %	-0.06	-16.7	-33.77	-41.64	-18.88
Earnings From Cont. Operations, 5 Yr. CAGR %	52.33	8.44	-48.06	-57.44	-64.28
Net Income, 5 Yr. CAGR %	52.33	8.44	-48.06	-57.44	-64.28
Normalized Net Income, 5 Yr. CAGR %	-26.64	6.2	-29.86	-4.89	-42.97
Diluted EPS Before Extra, 5 Yr. CAGR %	46.88	4.56	-49.92	-58.97	-65.5
Accounts Receivable, 5 Yr. CAGR %	36.48	44.25	27	43.3	-5.38
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	2.91	-4.25	13.98	0.31	-10.5
Total Assets, 5 Yr. CAGR %	-7.09	-15.63	-17.78	-15.26	-22.23
Tangible Book Value, 5 Yr. CAGR %	-3.75	-6.55	-9.53	-8.05	-18.05
Common Equity, 5 Yr. CAGR %	-3.74	-6.54	-9.51	-8.04	-18
Cash From Operations, 5 Yr. CAGR %	24.41	-33.79	-7.09	-12.04	-22.41
Capital Expenditures, 5 Yr. CAGR %	-56.22	-44.45	-1.73	-16.65	38.33
Levered Free Cash Flow, 5 Yr. CAGR %	118.59	-26.99	-2.01	-23.95	-32.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	121.54	-25.42	2.78	-22.46	-31.72