Annual Report 2025

9 2025 Annual Report Transport International Holdings Limited Note: 1. The relevant comparative amounts in 2022 have been restated to reflect the change in accounting policies in respect to (i) the measurement of investment properties and investment property under development, and (ii) the abolition of the MPF-LSP offsetting mechanism. The underlying profit for 2025 was HK$539.8 million, excluding the effect of the change in fair value of investment properties and investment property under development, and the reported profit for 2025 was HK$398.0 million. Underlying profit Reported Profit Change in fair value of investment properties and investment property under development HK$ million Underlying Profit and Reported Profit Attributable to Equity Shareholders of the Company KMB LWB The number of passenger trips in 2025 was 972.5 million. Number of Passenger Trips (Franchised Public Bus Operations) Million trips 2021 2022 2023 2024 2025 900 600 300 0 1,200 The closing share price of the Company at 2025 year-end was HK$10.60 per share. Share price of the Company (HK$) Hang Seng Index HK$ Hang Seng Index Share Price of the Company and Hang Seng Index at Year-end Underlying EBITDA and Cash generated from Operations The underlying EBITDA for 2025 was HK$1,879.8 million, with cash generated from operations of HK$1,655.4 million. Underlying EBITDA Cash generated from operations HK$ million 2,000 1,000 1,500 500 0 2021 2022 (Restated) 1 2023 2024 2025 (250) 2021 2022 (Restated) 1 2023 2024 2025 250 500 750 1,000 0 2021 2022 2023 2024 2025 0 6 12 18 24 30 0 10,000 20,000 30,000 40,000 50,000