# CTF Services Limited (NWSZF)

> Industrials · HK · Reports in HKD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/NWSZF/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | HK$ 25.00B | HK$ 2.53B | HK$ -147.27M | HK$ 37.70B | HK$ 38.81B |
| 2024 | HK$ 24.55B | HK$ 2.49B | HK$ 3.72B | HK$ 35.34B | HK$ 40.82B |
| 2023 | HK$ 41.62B | HK$ 2.19B | HK$ 4.52B | HK$ 35.27B | HK$ 47.93B |
| 2022 | HK$ 32.40B | HK$ 1.24B | HK$ 3.73B | HK$ 34.77B | HK$ 39.69B |
| 2021 | HK$ 30.27B | HK$ 1.86B | HK$ 2.40B | HK$ 32.08B | HK$ 54.29B |
| 2020 | HK$ 26.94B | HK$ -584.00M | HK$ 303.20M | HK$ 38.28B | HK$ 49.40B |
| 2019 | HK$ 25.86B | HK$ 3.28B | HK$ -3.42B | HK$ 42.51B | HK$ 48.00B |
| 2018 | HK$ 31.23B | HK$ 5.87B | HK$ 3.94B | HK$ 12.82B | HK$ 49.25B |
| 2017 | HK$ 35.62B | HK$ 5.51B | HK$ 2.86B | HK$ 12.57B | HK$ 48.65B |
| 2016 | HK$ 29.12B | HK$ 5.16B | HK$ 2.67B | HK$ 15.36B | HK$ 45.90B |
| 2015 | HK$ 26.74B | HK$ 4.83B | HK$ 3.19B | HK$ 18.46B | HK$ 44.66B |
| 2014 | HK$ 23.32B | HK$ 3.72B | HK$ 1.02B | HK$ 16.70B | HK$ 44.28B |
| 2013 | HK$ 18.37B | HK$ 4.51B | HK$ 3.55B | HK$ 18.08B | HK$ 42.62B |
| 2012 | HK$ 15.45B | HK$ 4.82B | HK$ 2.27B | HK$ 18.70B | HK$ 38.49B |
| 2011 | HK$ 12.26B | HK$ 4.87B | HK$ 537.28M | HK$ 19.65B | HK$ 34.44B |
| 2010 | HK$ 10.82B | HK$ 4.34B | HK$ 897.13M | HK$ 4.96B | HK$ 28.95B |
| 2009 | HK$ 14.67B | HK$ 3.26B | HK$ 1.05B | HK$ 8.81B | HK$ 23.18B |
| 2008 | HK$ 18.07B | HK$ 3.26B | HK$ 327.95M | HK$ 8.79B | HK$ 19.88B |
| 2007 | HK$ 16.97B | HK$ 2.82B | HK$ 334.30M | HK$ 12.37B | HK$ 17.20B |
| 2006 | HK$ 13.80B | HK$ 1.86B | HK$ 402.75M | HK$ 4.53B | HK$ 14.47B |
| 2005 | HK$ 11.42B | HK$ 2.30B | HK$ 295.80M | HK$ 6.12B | HK$ 12.94B |
| 2004 | HK$ 11.42B | HK$ 2.24B | HK$ 136.30M | HK$ 8.12B | HK$ 9.55B |
| 2003 | HK$ 9.16B | HK$ 1.39B | HK$ 426.30M | HK$ 9.44B | HK$ 8.56B |
| 2002 | HK$ 2.98B | HK$ 725.63M | HK$ 515.88M | HK$ 0 | HK$ 3.72B |
| 2001 | HK$ 101.90M | HK$ 199.33M | HK$ 31.56M | HK$ 0 | HK$ 3.48B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.97 |
| Liabilities / Eq | 3.63 |
| Current Ratio | 0.39 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 12.77 |
| Gross Debt / FCF | 18.32 |

## Other views

- [Metrics](https://sponda.capital/en/NWSZF.md)
- [Charts](https://sponda.capital/en/NWSZF/charts.md)
- [Compare](https://sponda.capital/en/NWSZF/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.