# Wharf Real Estate Investment Company Limited (WRFRF)

> Real Estate · HK · Reports in HKD

Fundamental indicators from Sponda, adjusted for inflation.

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

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2025 | HK$ 12.81B | HK$ -4.26B | HK$ 3.39B | HK$ 34.00B | HK$ 181.66B |
| 2024 | HK$ 12.91B | HK$ 891.00M | HK$ 6.30B | HK$ 35.54B | HK$ 187.82B |
| 2023 | HK$ 13.31B | HK$ 4.77B | HK$ 5.82B | HK$ 37.43B | HK$ 191.41B |
| 2022 | HK$ 12.46B | HK$ -8.86B | HK$ 6.65B | HK$ 46.49B | HK$ 190.36B |
| 2021 | HK$ 16.04B | HK$ 4.39B | HK$ 7.77B | HK$ 49.33B | HK$ 206.11B |
| 2020 | HK$ 15.52B | HK$ -7.85B | HK$ 4.65B | HK$ 54.28B | HK$ 204.55B |
| 2019 | HK$ 16.04B | HK$ 10.03B | HK$ 11.96B | HK$ 45.54B | HK$ 216.16B |
| 2018 | HK$ 16.48B | HK$ 18.03B | HK$ 9.50B | HK$ 42.10B | HK$ 218.80B |
| 2017 | HK$ 20.90B | HK$ 17.22B | HK$ 9.65B | HK$ 45.55B | HK$ 207.32B |
| 2016 | HK$ 16.85B | HK$ 9.92B | HK$ 11.37B | HK$ 35.36B | HK$ 198.91B |
| 2015 | HK$ 17.58B | HK$ 13.79B | HK$ 11.00B | HK$ 37.53B | HK$ 205.13B |
| 2014 | HK$ 17.44B | HK$ 35.13B | HK$ 9.59B | HK$ 40.12B | HK$ 200.19B |

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 | 0.19 |
| Liabilities / Eq | 0.24 |
| Current Ratio | 0.27 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 7.68 |
| Gross Debt / FCF | 4.41 |

## Other views

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

Data as of 2026-08-23.