Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data AMTD IDEA GROUP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
180
175
131
80.5
101
Selling and marketing
0.08
1.05
0.65
0.64
1.03
General and administrative
3.13
3.81
4.6
4.62
4.62
Interest expense
1.65
0.86
8.2
13.4
12.7
Interest income
6.55
5.53
0.25
0.74
Pre-tax income
171
174
158
55.2
68.8
Income tax
14.1
13.4
4.31
1.64
1.57
Net income to minority interests
0.04
-3.03
-10.4
Net income
157
160
153
53.6
67.3
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
67.5
138
120
62.9
51.1
Receivables
11.1
24.1
5.53
7.03
7.11
Other current assets
17.5
1.23
1.02
0.61
21.4
Total current assets
498
761
1,203
1,519
1,434
Property, plant and equipment
0.01
0.01
70.1
291
314
Goodwill
0
7.53
7.53
Intangible assets
1.95
97
118
119
119
Total assets
858
1,061
1,487
2,070
2,300
Accounts payable
19.9
10.6
9.38
3.64
1.53
Deferred revenue
1.46
0.67
0.59
Short-term debt
69.6
268
270
Total current liabilities
99.1
54.5
157
143
162
Total liabilities
115
58.3
193
370
385
Total debt
49.9
20.6
96.2
283
292
Retained earnings
571
713
860
907
941
Treasury stock
-642
-963
-735
-735
-735
Shareholders' equity
512
742
1,052
1,358
1,375
Minority interests
2.42
31.7
7.08
Total equity
743
1,002
1,294
1,700
1,765
Total liabilities and equity
858
1,061
1,487
2,070
2,300
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
157
160
153
53.6
67.3
Depreciation and amortization
0.01
0.74
2.62
6.85
9.91
Deferred income tax
-0.24
-0.14
Change in receivables
-1.18
-29.2
10.7
-4.11
-0.1
Cash from operations
55.9
26.6
40
5.16
17.8
Capital expenditures
0
-0
-0.07
-0.01
-0.75
Acquisitions
0
13.3
1.35
4.27
-2.54
Cash from investing
-46
-74
-267
-45.3
-175
Stock issued
0
25
93.6
Cash from financing
-0.87
118
209
-17.3
145
Net change in cash
9.06
70.3
-17.6
-57.5
-11.7
Free cash flow
55.9
26.6
39.9
5.15
17.1
Income taxes paid
12.4
31
1.61
0.86
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.73 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Pre-tax margin
68.0%
Pre-tax income / revenue.
Net margin
66.4%
Net income / revenue.
FCF margin
16.9%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
17.6%
Cash from operations / revenue.
Effective tax rate
2.3%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
4.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
3.1%
Net income / average total assets.
Capex / revenue
0.7%
Capital expenditures / revenue.
D&A / revenue
9.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
25.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-16.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
25.5%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
-25.2%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
245.7%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
-12.5%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
231.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
-13.7%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
1.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
22.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
11.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
29.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
8.83x
Current assets / current liabilities.
Quick ratio
0.36x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.31x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.21x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
12.7%
Total debt / total assets.
Liabilities / assets
16.8%
Total liabilities / total assets.
Net debt
$241.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
4.2%
Capital expenditures / cash from operations, when that is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$70.0M
Share price x shares outstanding.
Enterprise value
$311.1M
Market cap + total debt - cash - short-term investments.
P/E
1.04x
Market cap / net income. Only when net income is positive.
P/S
0.69x
Market cap / revenue.
P/B
0.05x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.06x
Market cap / tangible book value, when positive.
P/FCF
4.10x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
3.93x
Market cap / cash from operations, when positive.
EV/Sales
3.07x
Enterprise value / revenue.
EV/FCF
18.2x
Enterprise value / free cash flow, when both are positive.
FCF yield
24.4%
Free cash flow / market cap.
Earnings yield
96.0%
Net income / market cap (the inverse of P/E).
What was AMTD IDEA GROUP's revenue in fiscal 2025?
AMTD IDEA GROUP reported revenue of $101.2M for fiscal 2025, 25.8% higher than the year before.
Was AMTD IDEA GROUP profitable in fiscal 2025?
Yes. Net income was $67.3M, a net margin of 66.4%.
How much free cash flow did AMTD IDEA GROUP generate in fiscal 2025?
Cash from operations of $17.8M minus capital expenditures of $746.0K left free cash flow of $17.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.