Condensed Interim Financial Statements Consolidated Statement of Profit or Loss For the six months ended 30th June 2024 – unaudited Unaudited Audited Six months ended Year ended 30th June 31st December 2024 2023 2023 Note HK$M HK$M HK$M Revenue 4 7,279 7,297 14,670 Cost of sales 5 (2,004) (1,970) (4,284) Gross profit 5,275 5,327 10,386 Administrative and selling expenses (1,014) (951) (2,058) Other operating expenses (99) (106) (205) Other net losses 6 (103) (65) (114) Change in fair value of investment properties 13 (842) (1,332) (2,829) Operating profit 3,217 2,873 5,180 Finance charges (585) (271) (738) Finance income 116 92 218 Net finance charges 8 (469) (179) (520) Share of profit less losses of joint venture companies 311 508 124 Share of profit less losses of associated companies 39 16 (416) Profit before taxation 3,098 3,218 4,368 Taxation 9 (1,208) (954) (1,617) Profit for the period 1,890 2,264 2,751 Profit for the period attributable to: The Company’s shareholders 1,796 2,223 2,637 Non-controlling interests 94 41 114 1,890 2,264 2,751 HK$ HK$ HK$ Earnings per share from profit attributable to the Company’s shareholders (basic and diluted) 11 0.31 0.38 0.45 The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes. 54 Swire Properties Limited Interim Report 2024