Annual Report 2025

8 Transport International Holdings Limited 2025 Annual Report FINANCIAL AND OPERATIONAL HIGHLIGHTS For the Year Ended 31 December 2025 Unit 2025 2024 Increase/ (Decrease) Financial Highlights Revenue HK$ million 8,442.7 8,215.4 2.8% – Fare revenue HK$ million 8,078.9 7,844.2 3.0% – Media sales revenue HK$ million 249.4 266.9 (6.6%) – Gross rentals from investment properties HK$ million 114.4 104.3 9.7% Underlying EBITDA 1 HK$ million 1,879.8 1,617.1 16.2% Profit from operations HK$ million 687.6 411.6 67.1% Profit attributable to equity shareholders of the Company – Underlying 1 HK$ million 539.8 265.5 103.3% – Reported HK$ million 398.0 187.3 112.5% Financial Information per Share Earnings per share – Underlying 1 HK$ 1.04 0.53 96.2% – Reported HK$ 0.77 0.37 108.1% Total ordinary dividends HK$ 0.80 0.50 60.0% Share price at year-end HK$ 10.60 8.25 28.5% Financial Position Total equity attributable to equity shareholders of the Company HK$ million 17,173.2 16,709.3 2.8% Total assets HK$ million 23,459.9 23,909.5 (1.9%) Net borrowings HK$ million 1,591.0 2,281.0 (30.2%) Net cash generated from operations HK$ million 1,655.4 1,540.8 7.4% Financial Ratios Underlying EBITDA margin 2 22.3% 19.7% 2.6% points Net profit margin 2 6.4% 3.2% 3.2% points Return on equity attributable to equity shareholders of the Company 2 3.1% 1.6% 1.5% points Gearing ratio 3 9.3% 13.7% (4.4%) points Operational Highlights Hong Kong Franchised Public Bus Operations: Average number of passenger trips per day Million trips 2.66 2.70 (1.5%) Number of licensed buses at year-end 4,272 4,293 (0.5%) Number of staff at year-end 11,884 11,992 (0.9%) Hong Kong Non-franchised Transport Operations: Number of licensed buses at year-end 429 424 1.2% Number of staff at year-end 578 703 (17.8%) Chinese Mainland Transport Operations: Number of licensed buses at year-end 4,693 5,254 (10.7%) Number of taxis and vehicles for rental at year-end 12,128 12,180 (0.4%) Notes: 1. Underlying EBITDA, underlying profit attributable to equity shareholders of the Company and underlying earnings per share excluded the effect of change in fair value of investment properties and investment property under development. 2. Net profit margin, underlying EBITDA margin and return on equity attributable to equity shareholders of the Company are calculated based on underlying profit. 3. Gearing ratio represented ratio of net borrowings to total equity attributable to equity shareholders of the Company.