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Results

At 31st December Note 2024
HK$M
2023
HK$M
Change
in %
Revenue 14,428 14,670 -2%
Profit/(Loss) attributable to the Company’s shareholders  
Underlying (a), (b) 6,768 11,570 -42%
Recurring underlying (a), (b) 6,479 7,285 -11%
Reported (766) 2,637 N/A
Cash generated from operations 6,489 7,492 -13%
Net cash outflow before financing (2,515) (8,416) -70%

HK$

HK$
Earnings/(Loss) per share  
Underlying (c) 1.16 1.98 -41%
Recurring underlying (c) 1.11 1.25 -11%
Reported (c) (0.13) 0.45 N/A
Dividend per share  
First interim 0.34 0.33 +3%
Second interim 0.76 0.72 +6%

Financial Position

Financial Position
At 31st December
Note 2024
HK$M
2023
HK$M
Change
in %
Total equity (including non-controlling interests) 278,427 288,149 -3%
Net debt 43,746 36,679 +19%
Gearing ratio (a) 15.7% 12.7% +3.0%pt.

HK$

HK$
Equity attributable to the Company’s shareholders per share (a), (d) 47.35 48.73 -3%
(a) Refer to glossary on page 66 for definition.
(b) A reconciliation between reported (loss)/profit and underlying profit attributable to the Company’s shareholders is provided on page 10.
(c) Refer to note 9 to the financial statements for the weighted average number of shares.
(d) Refer to note 18 to the financial statements for the number of shares at the year end.

Underlying profit / (loss) by segment

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