# BOE Varitronix Limited (VARXF)

> Technology · HK · Reports in HKD

Fundamental indicators from Sponda, adjusted for inflation.

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

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | HK$ 13.96B | HK$ 345.33M | HK$ 487.56M | HK$ 337.03M | HK$ 4.81B |
| 2024 | HK$ 13.45B | HK$ 391.28M | HK$ 940.04M | HK$ 410.69M | HK$ 4.54B |
| 2023 | HK$ 10.76B | HK$ 475.26M | HK$ 840.39M | HK$ 642.00M | HK$ 4.35B |
| 2022 | HK$ 10.72B | HK$ 582.45M | HK$ -368.83M | HK$ 678.99M | HK$ 4.06B |
| 2021 | HK$ 7.74B | HK$ 327.80M | HK$ 439.13M | HK$ 22.56M | HK$ 3.03B |
| 2020 | HK$ 4.53B | HK$ 68.64M | HK$ 221.52M | HK$ 19.43M | HK$ 2.71B |
| 2019 | HK$ 3.57B | HK$ 25.02M | HK$ 226.65M | HK$ 9.88M | HK$ 2.75B |
| 2018 | HK$ 3.18B | HK$ 17.13M | HK$ 78.15M | HK$ 0 | HK$ 2.76B |
| 2017 | HK$ 2.88B | HK$ 22.11M | HK$ -581.71M | HK$ 0 | HK$ 2.80B |
| 2016 | HK$ 2.25B | HK$ 50.52M | HK$ 136.29M | HK$ 8.89M | HK$ 2.73B |
| 2015 | HK$ 2.49B | HK$ 300.61M | HK$ 230.20M | HK$ 145.27M | HK$ 1.91B |
| 2014 | HK$ 2.61B | HK$ 250.44M | HK$ 197.06M | HK$ 228.76M | HK$ 1.79B |
| 2013 | HK$ 2.60B | HK$ 243.15M | HK$ 244.43M | HK$ 302.23M | HK$ 1.73B |
| 2012 | HK$ 2.22B | HK$ 170.84M | HK$ -159.18M | HK$ 317.52M | HK$ 1.55B |
| 2011 | HK$ 2.13B | HK$ 168.03M | HK$ 65.40M | HK$ 153.51M | HK$ 1.44B |
| 2010 | HK$ 2.26B | HK$ 219.85M | HK$ 63.05M | HK$ 177.84M | HK$ 1.35B |
| 2009 | HK$ 1.82B | HK$ 16.72M | HK$ -120.18M | HK$ 255.96M | HK$ 1.16B |
| 2008 | HK$ 2.41B | HK$ 16.71M | HK$ 177.55M | N/A | N/A |
| 2007 | HK$ 2.62B | HK$ 254.48M | HK$ 71.13M | N/A | N/A |
| 2006 | HK$ 1.87B | HK$ 163.34M | HK$ 156.90M | N/A | N/A |
| 2005 | HK$ 1.98B | HK$ -204.32M | HK$ 128.21M | N/A | N/A |
| 2004 | HK$ 2.01B | HK$ 215.82M | HK$ 49.29M | N/A | N/A |
| 2003 | HK$ 1.27B | HK$ 168.24M | HK$ 98.56M | N/A | N/A |
| 2002 | HK$ 1.09B | HK$ 118.35M | HK$ 88.34M | N/A | N/A |
| 2001 | HK$ 1.30B | HK$ 40.60M | HK$ 211.29M | N/A | N/A |

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 | 0.07 |
| Liabilities / Eq | 1.56 |
| Current Ratio | 1.40 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 1.46 |
| Gross Debt / FCF | 1.39 |

## Other views

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

Data as of 2026-08-23.