Annual Report 2025

221 2025 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 12 Segment reporting (continued) (a) Segment results, assets and liabilities (continued) Information regarding the Group’s reportable segments for the years ended 31 December 2025 and 2024 is set out below. Franchised bus operations Property holdings and development All other segments Total 2025 2024 2025 2024 2025 2024 2025 2024 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Revenue from external customers 8,053,325 7,849,268 107,816 98,618 281,584 267,467 8,442,725 8,215,353 Intersegment revenue 2,067 1,882 3,899 4,370 2,234 4,455 8,200 10,707 Reportable segment revenue 8,055,392 7,851,150 111,715 102,988 283,818 271,922 8,450,925 8,226,060 Reportable segment profit/(loss) 405,370 168,462 (99,298) (18,108) 29,720 16,924 335,792 167,278 Interest income 4,544 4,952 10 – 121 250 4,675 5,202 Interest expense (28,367) (78,654) (32,954) (19,689) – – (61,321) (98,343) Depreciation (1,150,958) (1,162,231) (1,283) (1,180) (31,191) (32,849) (1,183,432) (1,196,260) Staff costs (4,440,616) (4,284,920) – – (142,372) (134,189) (4,582,988) (4,419,109) Change in fair value of investment properties and investment property under development – – (141,827) (78,200) – – (141,827) (78,200) Share of profits of associates – – – – 31 637 31 637 Share of profit of joint venture – – 8,801 8,552 – – 8,801 8,552 Income tax expense (80,072) (33,876) (6,580) (10,155) (8,588) (12,989) (95,240) (57,020) Reportable segment assets 10,365,115 10,715,561 9,010,251 9,086,175 1,580,951 1,520,886 20,956,317 21,322,622 – including interest in associates – – – – 616,233 569,660 616,233 569,660 – including interest in joint venture – – 752,675 747,792 – – 752,675 747,792 Additions to non-current segment assets during the year 455,873 744,992 47,624 142,626 72,777 31,939 576,274 919,557 Reportable segment liabilities 3,601,852 4,411,358 2,573,241 2,683,917 90,870 82,988 6,265,963 7,178,263