Income Statement Fire Rock Holdings Limited

Stocks

1909

KYG3524S1369

Internet Services

Market Closed - Hong Kong S.E. Other stock markets 04:08:05 2026-07-24 EDT			5-day change	1st Jan Change
1.970 ^HKD	0.00%		-1.01%	+23.12%

04-02	Fire Rock Holdings Limited Announces Change of Headquarters and Principal Place of Business in Singapore	CI
03-23	Fire Rock's 2025 Loss Widens; Shares Surge 24%	MT

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Published financial data: FIRE ROCK HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Revenues	1.04B	115M	135M	141M	146M
Total Revenues	1.04B	115M	135M	141M	146M
Cost of Goods Sold, Total	168M	38.47M	27.39M	27.83M	50.68M
Gross Profit	867M	76.59M	108M	113M	95.52M
Selling General & Admin Expenses, Total	184M	64.82M	87.14M	84.03M	74.81M
R&D Expenses	42.82M	-	19.78M	9.04M	15.96M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	227M	64.82M	107M	93.07M	90.78M
Operating Income	640M	11.77M	618K	19.7M	4.74M
Interest Expense, Total	-19.42M	-18.5M	-9.14M	-101K	-150K
Interest And Investment Income	8.07M	149K	146K	102K	49K
Net Interest Expenses	-11.34M	-18.36M	-8.99M	1K	-101K
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	50.53M	19.19M	-	660K
Other Non Operating Income (Expenses)	18.9M	541K	391K	203K	188K
EBT, Excl. Unusual Items	647M	44.49M	11.21M	19.9M	5.49M
Gain (Loss) On Sale Of Investments	-	-	-2.26M	-891K	-8.04M
Gain (Loss) On Sale Of Assets	-1.2B	-	-2.88M	-	-
Asset Writedown	-	-302K	-	-	-18.55M
Other Unusual Items	-561M	-	575M	16K	10K
EBT, Incl. Unusual Items	-1.11B	44.19M	581M	19.03M	-21.09M
Income Tax Expense	97.99M	8.7M	8.27M	17.17M	22.42M
Earnings From Continuing Operations	-1.21B	35.49M	573M	1.85M	-43.5M
Net Income to Company	-1.21B	35.49M	573M	1.85M	-43.5M
Minority Interest	-1.63M	-5.29M	-12.61M	-18.92M	-20.9M
Net Income - (IS)	-1.21B	30.2M	560M	-17.06M	-64.41M
Net Income to Common Incl Extra Items	-1.21B	30.2M	560M	-17.06M	-64.41M
Net Income to Common Excl. Extra Items	-1.21B	30.2M	560M	-17.06M	-64.41M
Per Share Items
Net EPS - Basic	-6.32	0.16	2.92	-0.09	-0.33
Basic EPS - Continuing Operations	-6.32	0.16	2.92	-0.09	-0.33
Basic Weighted Average Shares Outstanding	192M	192M	192M	192M	197M
Net EPS - Diluted	-6.32	0.16	2.92	-0.09	-0.33
Diluted EPS - Continuing Operations	-6.32	0.16	2.92	-0.09	-0.33
Diluted Weighted Average Shares Outstanding	192M	192M	192M	192M	197M
Normalized Basic EPS	2.1	0.12	-0.03	-0.03	-0.09
Normalized Diluted EPS	2.1	0.12	-0.03	-0.03	-0.09
Dividend Per Share	-	-	-	-	-
Payout Ratio	-4.26	-	-	-	-
Supplemental Items
EBITDA	654M	12.59M	1.81M	21.63M	6.6M
EBITA	649M	11.77M	618K	19.7M	4.74M
EBIT	640M	11.77M	618K	19.7M	4.74M
EBITDAR	656M	13.19M	2.19M	22.04M	8.24M
Effective Tax Rate - (Ratio)	-8.8	19.69	1.42	90.26	-106.3
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	141M	6.89M	12.12M	18.68M	19.25M
Total Current Taxes	141M	6.89M	12.12M	18.68M	19.25M
Total Deferred Taxes	-42.84M	1.81M	-3.85M	-1.5M	3.16M
Normalized Net Income	403M	22.52M	-5.6M	-6.48M	-17.47M
Interest on Long-Term Debt	19.42M	18.5M	9.14M	101K	150K
Supplemental Operating Expense Items
Selling and Marketing Expenses	85.09M	42.03M	55.47M	40.69M	29.54M
General and Administrative Expenses	99.27M	22.79M	31.67M	43.34M	45.27M
Research And Development Expense From Footnotes	42.82M	-	19.78M	9.04M	15.96M
Net Rental Expense, Total	2.33M	595K	378K	408K	1.65M
Imputed Operating Lease Interest Expense	1.15M	146K	94.13K	205K	739K
Imputed Operating Lease Depreciation	1.18M	449K	284K	203K	908K
Stock-Based Comp., Other (Total)	755K	-	-	-	-
Total Stock-Based Compensation	755K	-	-	-	-

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Assets
Cash And Equivalents	348M	120M	85.49M	53.64M	113M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	348M	120M	85.49M	53.64M	113M
Accounts Receivable, Total	9.62M	9.83M	20.64M	18.22M	14.85M
Total Receivables	9.62M	9.83M	20.64M	18.22M	14.85M
Other Current Assets, Total	1.22M	2.38M	3.37M	5.13M	6.5M
Total Current Assets	359M	132M	110M	76.99M	134M
Gross Property Plant And Equipment	5.66M	9.19M	12.71M	13M	14.41M
Accumulated Depreciation	-2.26M	-4.21M	-6.46M	-7.43M	-9.43M
Net Property Plant And Equipment	3.4M	4.98M	6.25M	5.57M	4.98M
Long-term Investments	-	-	27.51M	26.33M	18.59M
Other Intangibles, Total	-	-	-	-	0
Deferred Tax Assets Long-Term	-	-	2.17M	2.11M	-
Deferred Charges Long-Term	-	3.22M	15.35M	23.54M	-
Other Long-Term Assets, Total	35.29M	49.76M	84K	138K	90K
Total Assets	397M	190M	161M	135M	158M
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	10.75M	9.16M	12.66M	10.32M	10.05M
Current Portion of Long-Term Debt	252M	416M	-	-	-
Current Portion of Leases	779K	987K	708K	1.37M	1.62M
Current Income Taxes Payable	2.17M	3.72M	4.92M	7.84M	8.24M
Unearned Revenue Current, Total	18K	7K	11K	334K	6K
Other Current Liabilities	218M	8.72M	-	-	-
Total Current Liabilities	484M	439M	18.3M	19.86M	19.92M
Long-Term Debt	367M	168M	-	-	-
Long-Term Leases	411K	762K	507K	622K	1.73M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	1.67M	3.44M	1.74M	195K	1.21M
Total Liabilities	853M	611M	20.55M	20.68M	22.86M
Common Stock, Total	3.2M	3.2M	3.2M	3.2M	4.05M
Additional Paid In Capital	41.78M	41.78M	41.78M	41.78M	120M
Retained Earnings	-540M	-510M	50.06M	32.99M	-31.42M
Comprehensive Income and Other	33.75M	34.86M	36.04M	34.33M	35.29M
Total Common Equity	-461M	-430M	131M	112M	128M
Minority Interest	5.75M	8.76M	9.25M	1.7M	6.72M
Total Equity	-456M	-421M	140M	114M	135M
Total Liabilities And Equity	397M	190M	161M	135M	158M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	192M	192M	192M	192M	243M
ECS Total Common Shares Outstanding	192M	192M	192M	192M	243M
Book Value / Share	-2.4	-2.24	0.68	0.58	0.53
Tangible Book Value	-461M	-430M	131M	112M	128M
Tangible Book Value Per Share	-2.4	-2.24	0.68	0.58	0.53
Total Debt	620M	586M	1.22M	1.99M	3.36M
Net Debt	272M	466M	-84.28M	-51.65M	-110M
Debt Equivalent Oper. Leases	18.62M	4.76M	3.02M	3.26M	13.18M
Minority Interest, Total (Incl. Fin. Div)	5.75M	8.76M	9.25M	1.7M	6.72M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	2.56M	4.06M	5.03M	5.38M	5.03M
Full Time Employees	38	71	108	151	188

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Net Income	-1.21B	30.2M	560M	-17.06M	-64.41M
Depreciation & Amortization - CF	9.2M	1.96M	2.26M	3.11M	3.75M
Amortization of Goodwill and Intangible Assets - (CF)	9.2M	-	-	-	-
Depreciation & Amortization, Total	18.39M	1.96M	2.26M	3.11M	3.75M
Amortization of Deferred Charges, Total - (CF)	54.22M	-	-	-	6.81M
(Gain) Loss From Sale Of Asset	1.2B	-	2.88M	-	-111K
(Gain) Loss on Sale of Investments - (CF)	-	-	2.26M	891K	8.04M
Asset Writedown & Restructuring Costs	-	302K	-	-	18.55M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	755K	-	-	-	-
Other Operating Activities, Total	535M	-25.56M	-574M	20.45M	23.38M
Change In Accounts Receivable	53.39M	-551K	-10.54M	2.51M	4.43M
Change In Accounts Payable	-130M	-2.16M	-5.78M	-2.32M	-704K
Change in Unearned Revenues	563K	-10K	4K	311K	-340K
Change in Other Net Operating Assets	31.18M	-1.59M	-833K	-1.84M	-1.17M
Cash from Operations	551M	2.59M	-23.72M	6.06M	-1.78M
Capital Expenditure	-4.58M	-2.15M	-3.01M	-457K	-1.29M
Sale of Property, Plant, and Equipment	1K	-	-	-	510K
Cash Acquisitions	-264M	-	-	-	-
Divestitures	-430M	-	-227K	-	-
Sale (Purchase) of Intangible assets	-22.18M	-3.15M	-11.89M	-8.79M	-
Investment in Marketable and Equity Securities, Total	6.14M	-	-	-	-
Other Investing Activities, Total	-26.95M	-14.32M	19.65M	102K	49K
Cash from Investing	-742M	-19.62M	4.52M	-9.14M	-729K
Long-Term Debt Repaid, Total	-135M	-1.14M	-1M	-1.23M	-1.62M
Total Debt Repaid	-135M	-1.14M	-1M	-1.23M	-1.62M
Issuance of Common Stock	3.02M	-	-	-	79.5M
Common Dividends Paid	-51.7M	-	-	-	-
Common & Preferred Stock Dividends Paid	-51.7M	-	-	-	-
Other Financing Activities, Total	5.22M	-211M	-15.32M	-26.38M	-16.3M
Cash from Financing	-179M	-212M	-16.32M	-27.61M	61.58M
Foreign Exchange Rate Adjustments	9.63M	820K	1.48M	-1.15M	212K
Net Change in Cash	-361M	-228M	-34.05M	-31.85M	59.28M
Supplemental Items
Cash Interest Paid	452K	102K	70K	101K	150K
Cash Income Tax Paid (Refund)	150M	5.27M	10.98M	15.91M	19.39M
Levered Free Cash Flow	723M	-219M	-33.78M	7.68M	13.94M
Unlevered Free Cash Flow	735M	-207M	-28.07M	7.74M	14.03M
Change In Net Working Capital	-288M	211M	15.82M	-1.57M	-1.8M
Net Debt Issued / Repaid	-135M	-1.14M	-1M	-1.23M	-1.62M

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Profitability
Return on Assets	61.28	2.51	0.22	8.33	2.03
Return on Total Capital	80.67	4.47	0.25	9.56	2.33
Return On Equity %	-669	-8.09	-407.58	1.46	-34.93
Return on Common Equity	-683.95	-6.78	-374.6	-14.02	-53.53
Margin Analysis
Gross Profit Margin %	83.76	66.57	79.7	80.21	65.33
SG&A Margin	17.81	56.34	64.58	59.77	51.17
EBITDA Margin %	63.13	10.94	1.34	15.38	4.51
EBITA Margin %	62.7	10.23	0.46	14.01	3.24
EBIT Margin %	61.81	10.23	0.46	14.01	3.24
Income From Continuing Operations Margin %	-117.02	30.84	424.32	1.32	-29.75
Net Income Margin %	-117.18	26.25	414.97	-12.14	-44.05
Net Avail. For Common Margin %	-117.18	26.25	414.97	-12.14	-44.05
Normalized Net Income Margin	38.93	19.57	-4.15	-4.61	-11.95
Levered Free Cash Flow Margin	69.82	-189.94	-25.04	5.46	9.53
Unlevered Free Cash Flow Margin	70.99	-179.89	-20.81	5.51	9.6
Asset Turnover
Asset Turnover	1.59	0.39	0.77	0.95	1
Fixed Assets Turnover	108.74	27.45	24.03	23.79	27.72
Receivables Turnover (Average Receivables)	17.25	11.83	8.85	7.24	8.84
Short Term Liquidity
Current Ratio	0.74	0.3	5.98	3.88	6.74
Quick Ratio	0.74	0.29	5.8	3.62	6.41
Operating Cash Flow to Current Liabilities	1.14	0.01	-1.3	0.3	-0.09
Days Sales Outstanding (Average Receivables)	21.16	30.85	41.22	50.59	41.28
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-136.07	-139.09	0.87	1.75	2.48
Total Debt / Total Capital	377.21	355.83	0.86	1.72	2.42
LT Debt/Equity	-80.55	-40.07	0.36	0.55	1.28
Long-Term Debt / Total Capital	223.3	102.51	0.36	0.54	1.25
Total Liabilities / Total Assets	214.69	322.05	12.78	15.36	14.48
EBIT / Interest Expense	32.96	0.64	0.07	195.02	31.63
EBITDA / Interest Expense	33.91	0.74	0.32	225.81	56.61
(EBITDA - Capex) / Interest Expense	33.67	0.63	-0.01	221.29	48.02
Total Debt / EBITDA	0.94	42.66	0.42	0.09	0.4
Net Debt / EBITDA	0.41	33.95	-29.24	-2.26	-12.9
Total Debt / (EBITDA - Capex)	0.95	50.57	-9.57	0.09	0.47
Net Debt / (EBITDA - Capex)	0.42	40.25	663.6	-2.31	-15.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	76.63	-88.89	17.26	4.2	3.99
Gross Profit, 1 Yr. Growth %	60.54	-91.17	40.4	4.86	-15.29
EBITDA, 1 Yr. Growth %	41.83	-98.07	-85.63	1.1K	-69.51
EBITA, 1 Yr. Growth %	41.65	-98.19	-94.75	3.09K	-75.92
EBIT, 1 Yr. Growth %	39.64	-98.16	-94.75	3.09K	-75.92
Earnings From Cont. Operations, 1 Yr. Growth %	-412.16	-102.93	1.51K	-99.68	-2.45K
Net Income, 1 Yr. Growth %	-414.12	-102.49	1.75K	-103.05	277.42
Normalized Net Income, 1 Yr. Growth %	37.83	-94.41	-125.09	15.67	169.65
Diluted EPS Before Extra, 1 Yr. Growth %	-414.12	-102.49	1.75K	-103.05	274.94
Accounts Receivable, 1 Yr. Growth %	-91.29	2.2	109.98	-11.76	-18.47
Net Property, Plant and Equip., 1 Yr. Growth %	-78.24	46.31	25.51	-10.85	-10.64
Total Assets, 1 Yr. Growth %	-56.24	-52.25	-15.2	-16.28	17.27
Tangible Book Value, 1 Yr. Growth %	-157.57	-6.8	-130.48	-14.32	14.29
Common Equity, 1 Yr. Growth %	-156.53	-6.8	-130.48	-14.32	14.29
Cash From Operations, 1 Yr. Growth %	12.29	-99.53	-1.02K	-125.52	-129.45
Capital Expenditures, 1 Yr. Growth %	69.48	-53.04	40.02	-84.81	181.84
Levered Free Cash Flow, 1 Yr. Growth %	106.57	-130.24	-84.54	-122.73	81.48
Unlevered Free Cash Flow, 1 Yr. Growth %	109.87	-128.16	-86.44	-127.58	81.21
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	66.57	-55.69	-63.9	10.54	4.1
Gross Profit, 2 Yr. CAGR %	57.66	-62.34	-64.78	21.34	-5.75
EBITDA, 2 Yr. CAGR %	43.88	-83.47	-94.74	31.06	90.88
EBITA, 2 Yr. CAGR %	43.64	-83.97	-96.91	29.36	177.06
EBIT, 2 Yr. CAGR %	43.99	-83.97	-96.89	29.36	177.06
Earnings From Cont. Operations, 2 Yr. CAGR %	117.41	-69.76	-31.26	-77.15	-72.44
Net Income, 2 Yr. CAGR %	117.56	-72.04	-32.06	-24.83	-66.08
Normalized Net Income, 2 Yr. CAGR %	44.2	-72.25	-88.21	-46.13	76.61
Diluted EPS Before Extra, 2 Yr. CAGR %	117.56	-72.04	-32.06	-24.83	-66.5
Accounts Receivable, 2 Yr. CAGR %	-76.38	-70.16	46.49	36.12	-15.18
Net Property, Plant and Equip., 2 Yr. CAGR %	-57.19	-43.57	35.51	5.78	-10.75
Total Assets, 2 Yr. CAGR %	-13.16	-54.29	-36.37	-15.74	-0.92
Tangible Book Value, 2 Yr. CAGR %	-0.01	-26.75	-46.7	-48.9	-1.04
Common Equity, 2 Yr. CAGR %	-1.11	-27.41	-46.7	-48.9	-1.04
Cash From Operations, 2 Yr. CAGR %	71.87	-92.73	-79.24	52.84	-72.58
Capital Expenditures, 2 Yr. CAGR %	-13.36	-10.79	-18.91	-53.89	-34.57
Levered Free Cash Flow, 2 Yr. CAGR %	195.31	-20.97	-78.38	-81.25	-35.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	197.28	-23.12	-80.46	-80.66	-29.3
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	73.78	-30.56	-38.71	-48.6	8.31
Gross Profit, 3 Yr. CAGR %	69.85	-37.99	-41.61	-49.34	7.64
EBITDA, 3 Yr. CAGR %	61.96	-64.88	-84.22	-67.89	-19.4
EBITA, 3 Yr. CAGR %	62.04	-65.62	-88.95	-68.81	-26.13
EBIT, 3 Yr. CAGR %	64.02	-65.4	-88.95	-68.66	-26.13
Earnings From Cont. Operations, 3 Yr. CAGR %	122.33	-46.83	13.84	-88.48	7.02
Net Income, 3 Yr. CAGR %	122.38	-49.61	13.18	-75.86	28.72
Normalized Net Income, 3 Yr. CAGR %	64.04	-49.85	-73.24	-74.76	-7.85
Diluted EPS Before Extra, 3 Yr. CAGR %	122.38	-49.61	13.18	-75.86	27.67
Accounts Receivable, 3 Yr. CAGR %	-50.39	-60.44	-42.81	23.72	14.74
Net Property, Plant and Equip., 3 Yr. CAGR %	22.54	-33.72	-26.34	17.86	-0.01
Total Assets, 3 Yr. CAGR %	14.92	-26.88	-43.83	-30.27	-5.93
Tangible Book Value, 3 Yr. CAGR %	25.76	0.39	-45.31	-37.56	-33.17
Common Equity, 3 Yr. CAGR %	25.06	-0.35	-45.64	-37.56	-33.17
Cash From Operations, 3 Yr. CAGR %	83.9	-75.28	-63.56	-77.76	-11.72
Capital Expenditures, 3 Yr. CAGR %	68.26	-27.39	3.68	-53.6	-15.69
Levered Free Cash Flow, 3 Yr. CAGR %	137.05	42	-54.12	-78.02	-60.05
Unlevered Free Cash Flow, 3 Yr. CAGR %	138.37	39.29	-56.88	-78.08	-59.23
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	79.72	4.85	-5.29	-15.35	-24.25
Gross Profit, 5 Yr. CAGR %	79.79	-0.32	-7.5	-17.91	-29.28
EBITDA, 5 Yr. CAGR %	78.61	-29.89	-57.97	-39.8	-57.23
EBITA, 5 Yr. CAGR %	79.16	-30.65	-66.05	-40.88	-59.91
EBIT, 5 Yr. CAGR %	86.08	-29.23	-65.7	-40.65	-59.91
Earnings From Cont. Operations, 5 Yr. CAGR %	113.94	-6.27	42.06	-61.61	-35.45
Net Income, 5 Yr. CAGR %	114	-9.25	41.42	-40.15	-30.11
Normalized Net Income, 5 Yr. CAGR %	82.52	-11.77	-41.53	-47.85	-43.08
Diluted EPS Before Extra, 5 Yr. CAGR %	112.57	-9.25	41.42	-40.15	-30.45
Accounts Receivable, 5 Yr. CAGR %	-9.92	-21.34	-21.83	-34.36	-33.05
Net Property, Plant and Equip., 5 Yr. CAGR %	12.23	20.32	30.36	-19.12	-20.46
Total Assets, 5 Yr. CAGR %	25.69	5.35	-7.3	-21.67	-29.52
Tangible Book Value, 5 Yr. CAGR %	33.03	28.24	-8.84	-22.44	-30.67
Common Equity, 5 Yr. CAGR %	31.33	26.71	-9.15	-22.78	-30.92
Cash From Operations, 5 Yr. CAGR %	77.35	-43.1	-21.48	-48.15	-67.48
Capital Expenditures, 5 Yr. CAGR %	68.66	12.6	28.4	-38.71	-13.76
Levered Free Cash Flow, 5 Yr. CAGR %	105.57	56.93	-7.05	-36.06	-47.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	106.26	55.23	-10.43	-36	-47.45