Neo-Concept International Group Holdings Ltd financial statements
Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Neo-Concept International Group Holdings Ltd 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
FY2023
FY2024
FY2025
Revenue
22.3
30.3
17.6
Cost of revenue
17.8
24
11.1
Gross profit
4.49
6.37
6.51
Selling and marketing
0.4
0.57
0.84
General and administrative
0.16
Operating income
1.16
1.49
0.23
Interest income
0.01
0
Other non-operating income
-0.42
-0.31
-0
Pre-tax income
0.73
1.18
0.23
Income tax
0.17
0.14
0.19
Net income
0.57
1.04
0.04
EBITDA
1.16
1.58
0.45
EPS, basic
0.03
0.05
0.01
EPS, diluted
0.03
0.05
0.01
Shares, basic (weighted)
3.6
3.92
4.06
Shares, diluted (weighted)
3.6
3.92
4.06
Balance sheet
FY2023
FY2024
FY2025
Cash and equivalents
0.75
1.18
0.3
Receivables
4.14
4.4
0.94
Inventory
0.68
0.47
1.56
Other current assets
2.59
3.14
3.97
Total current assets
8.16
9.31
6.75
Property, plant and equipment
0.17
0.61
0.96
Lease right-of-use assets
3.06
5.47
5.36
Intangible assets
1.74
1.42
Other non-current assets
0.22
0.3
0.32
Total assets
11.6
17.5
14.9
Accrued liabilities
0.14
0.15
Short-term debt
3.94
3.49
0.61
Total current liabilities
8.94
5.06
2.59
Lease liabilities
2.97
4.97
4.74
Total liabilities
11.9
10.1
7.58
Total debt
3.94
3.49
0.61
Paid-in capital
7.05
13.7
13.6
Retained earnings
-7.47
-6.47
-6.42
Other comprehensive income
0.11
0.13
0.06
Shareholders' equity
-0.31
7.32
7.27
Total equity
-0.31
7.32
7.27
Total liabilities and equity
11.6
17.5
14.9
Shares outstanding
18
18
Cash flow statement
FY2023
FY2024
FY2025
Net income
0.57
1.04
0.04
Depreciation and amortization
0
0.09
0.22
Deferred income tax
0.09
0.15
Change in receivables
-2.99
-0.4
3.74
Change in inventory
-0.52
0.22
-1.04
Change in payables
-1.34
Cash from operations
-6.3
0.06
2.75
Capital expenditures
-0.16
-0.53
-0.51
Cash from investing
-0.16
-2.47
-0.51
Cash from financing
6.09
2.82
-2.93
Exchange rate effect
0.02
-0.18
Net change in cash
-0.38
0.41
-0.7
Free cash flow
-6.47
-0.48
2.23
Interest paid
0.43
0.17
Income taxes paid
-0.42
0.24
-0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $14.65 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
36.9%
Gross profit / revenue.
Operating margin
1.3%
Operating income / revenue.
EBITDA margin
2.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1.3%
Pre-tax income / revenue.
Net margin
0.2%
Net income / revenue.
FCF margin
12.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
15.6%
Cash from operations / revenue.
Effective tax rate
81.3%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.3%
Net income / average total assets.
Return on invested capital (ROIC)
2.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
2.9%
Capital expenditures / revenue.
D&A / revenue
1.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-41.9%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
2.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-84.4%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-71.2%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-95.9%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-80.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
4,881.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-0.6%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-14.9%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
3.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.61x
Current assets / current liabilities.
Quick ratio
0.48x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.12x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.08x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
4.1%
Total debt / total assets.
Liabilities / assets
51.1%
Total liabilities / total assets.
Net debt
$311.4K
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
0.68x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
18.8%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.01
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.01
Net income per basic share, as reported (split-adjusted).
Revenue per share
$4.34
Revenue / diluted weighted shares.
FCF per share
$0.55
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.68
Cash from operations / diluted weighted shares.
Book value per share
$1.79
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
813x
Market cap / net income. Only when net income is positive.
P/S
1.96x
Market cap / revenue.
P/B
4.76x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
5.92x
Market cap / tangible book value, when positive.
P/FCF
15.5x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
12.6x
Market cap / cash from operations, when positive.
EV/Sales
1.98x
Enterprise value / revenue.
EV/EBIT
151x
Enterprise value / operating income, when both are positive.
EV/EBITDA
76.8x
Enterprise value / EBITDA, when both are positive.
EV/FCF
15.7x
Enterprise value / free cash flow, when both are positive.
FCF yield
6.4%
Free cash flow / market cap.
Earnings yield
0.1%
Net income / market cap (the inverse of P/E).
What was Neo-Concept International Group Holdings Ltd's revenue in fiscal 2025?
Neo-Concept International Group Holdings Ltd reported revenue of $17.6M for fiscal 2025, 41.9% lower than the year before.
Was Neo-Concept International Group Holdings Ltd profitable in fiscal 2025?
Yes. Net income was $42.6K, a net margin of 0.2%.
How much free cash flow did Neo-Concept International Group Holdings Ltd generate in fiscal 2025?
Cash from operations of $2.7M minus capital expenditures of $514.9K left free cash flow of $2.2M.
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.