Below are the financial statements of MTR, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of HKD | 2024 | 2023 |
|---|---|---|
| Revenue from Hong Kong transport operations | 23,013a | 20,131a |
| Revenue from Hong Kong station commercial businesses | 5,343a | 5,117a |
| Revenue from Hong Kong property rental and management businesses | 5,379a | 5,079a |
| Revenue from Mainland China and international railway, property rental and management subsidiaries | 25,467a | 25,955a |
| Revenue from other businesses | 809a | 700a |
| Revenue from Mainland China property development | 0a | 0a |
| Total revenue | 60,011a | 56,982a |
| Expenses relating to Hong Kong transport operations | — | — |
| Staff costs and related expenses | -7,636a | -6,917a |
| Maintenance and related works | -2,436a | -2,387a |
| Energy and utilities | -2,289a | -2,427a |
| General and administration expenses | -1,039a | -940a |
| Stores and spares consumed | -729a | -605a |
| Railway support services | -488a | -375a |
| Government rent and rates | -192a | -155a |
| Other expenses | -510a | -371a |
| Expenses relating to Hong Kong station commercial businesses | -685a | -560a |
| Expenses relating to Hong Kong property rental and management businesses | -1,184a | -1,063a |
| Expenses relating to Mainland China and international railway, property rental and management subsidiaries | -23,811a | -24,883a |
| Expenses relating to other businesses | -702a | -579a |
| Project study and business development expenses | -403a | -397a |
| Expenses relating to Mainland China property development | -3a | -13a |
| Operating expenses before depreciation, amortisation and variable annual payment | -42,107a | -41,672a |
| Operating profit/(loss) before Hong Kong property development, fair value measurement of investment properties, depreciation, amortisation and variable annual payment | — | — |
| Arising from recurrent businesses | 17,907a | 15,323a |
| Arising from Mainland China property development | -3a | -13a |
| Hong Kong property development profit from share of surplus, income and interest in unsold properties | 12,185a | 2,329a |
| (Loss)/gain from fair value measurement of investment properties | -1,703a | 1,386a |
| Operating profit before depreciation, amortisation and variable annual payment | 28,386a | 19,025a |
| Depreciation and amortisation | -6,144a | -6,105a |
| Provisions for onerous contracts | 0a | -1,022a |
| Variable annual payment | -3,025a | -2,355a |
| Share of profit of associates and joint ventures | 1,340a | 1,259a |
| Profit before interest, finance charges and taxation | 20,557a | 10,802a |
| Interest and finance charges | -1,032a | -1,139a |
| Profit before taxation | 19,525a | 9,663a |
| Income tax | -3,458a | -1,575a |
| Profit for the year | 16,067a | 8,088a |
| Attributable to: | — | — |
| Shareholders of the Company | 15,772a | 7,784a |
| Non-controlling interests | 295a | 304a |
| Arising from recurrent businesses | — | — |
| In Hong Kong | 5,981a | 4,940a |
| Outside Hong Kong | 1,229a | -659a |
| Arising from property development | — | — |
| In Hong Kong | 10,235a | 2,035a |
| Outside Hong Kong | 30a | 48a |
| Profit/(loss) for the year attributable to shareholders of the Company: | — | — |
| Arising from underlying businesses | 17,475a | 6,364a |
| Arising from fair value measurement of investment properties | -1,703a | 1,420a |
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