← Neo-Concept International Group Holdings Ltd
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $127.0m | $115.0m | $156.6m | $396.7m | $8.6m | $5.8m | $9.2m | $2.3m | |
| Accounts receivable, net of allowance of HKD2,668,186 and HKD465,974 as of December 31, 2024 and 2025, respectively | $455.2m | $393.9m | $372.1m | $502.4m | $10.3m | $32.3m | $34.2m | $7.3m | |
| Prepayment and other current assets | $62.5m | $145.2m | $177.8m | $339.8m | $247.6m | $20.2m | $24.4m | $29.4m | |
| Other receivables, net – related party | — | — | — | — | $16.3m | $9k | — | $1.4m | |
| Inventories, net | — | — | — | — | $1.3m | $5.3m | $3.6m | $12.1m | |
| Mortgage warehouse receivables (note 23) | — | — | $232.2m | $174.7m | $29.6m | $177.1m | $77.6m | $140.1m | |
| Other receivables | $12.1m | $16.7m | $15.0m | $12.4m | $12.5m | $11.9m | $11.6m | $18.7m | |
| Total current assets | $757.3m | $718.1m | $1.0b | $1.6b | $40.9m | $63.7m | $72.3m | $52.6m | |
| Property and equipment, net | $93.5m | $107.2m | $129.2m | $144.8m | $55k | $1.3m | $4.7m | $7.4m | |
| Intangible assets, net | $497.9m | $477.5m | $610.3m | $561.8m | $112k | $1.1b | $13.5m | $11.0m | |
| Goodwill (note 12) | $887.9m | $949.2m | $1.1b | $1.1b | $2.0b | $2.0b | $2.3b | $2.6b | |
| Right-of-use assets, net | — | $263.6m | $288.1m | $316.5m | $653k | $23.9m | $42.5m | $41.7m | |
| Tax recoverable | $13.1m | $10.4m | $15.0m | $13.4m | $22.0m | $48.1m | $995k | $32.9m | |
| Investment in a joint venture | — | — | — | — | — | — | — | $318k | |
| Other non-current assets, net | $63.7m | $69.5m | $74.4m | $100.0m | $159k | $1.7m | $2.3m | $2.5m | |
| Deferred tax assets | $34.2m | $37.4m | $45.0m | $68.5m | $8k | $59.5m | $207k | $73k | |
| Bank borrowings | — | — | — | — | $375k | $30.8m | $27.1m | $4.8m | |
| Accruals and other payables | — | — | — | — | $2.2m | $3.2m | $7.3m | $9.4m | |
| Due to related parties | — | — | — | — | — | $34.2m | $1.3m | $4.8m | |
| Operating lease liabilities | — | $69.9m | $78.9m | $80.9m | $653k | $23.2m | $38.6m | $36.9m | |
| Tax payable | — | — | — | — | $4.9m | $916k | $372k | $718k | |
| Ordinary shares value | $415.8m | $442.2m | $458.0m | $852.2m | $9k | $9k | $10k | $10k | |
| Accumulated losses | ($21.8m) | $77.2m | $119.4m | ($279.7m) | ($62.7m) | ($58.3m) | ($50.3m) | ($49.9m) | |
| Restricted cash | — | — | $20.9m | $28.5m | $25.4m | $37.9m | $41.7m | $49.0m | |
| Contract assets (note 26) | $99.5m | $42.8m | $61.1m | $71.3m | $91.9m | $83.4m | $134.4m | $161.0m | |
| Warehouse fund assets (note 6) | — | $10.7m | $0 | $44.1m | $45.4m | $44.5m | $110.8m | $56.0m | |
| Fixed assets (note 10) | — | — | — | — | — | — | $227.3m | $251.5m | |
| Income tax payable | $30.0m | $15.8m | $26.8m | $35.4m | $32.3m | $16.5m | $15.3m | $19.8m | |
| Contract liabilities (note 26) | $28.8m | $24.1m | $21.1m | $30.4m | $25.6m | $45.3m | $63.5m | $80.3m | |
| Deferred and contingent acquisition consideration - current (note 23) | $17.1m | $16.8m | $5.8m | $120.2m | $42.9m | $13.9m | $30.7m | $12.8m | |
| Mortgage warehouse credit facilities (note 14) | — | — | $218.0m | $162.9m | $24.3m | $168.8m | $72.6m | $133.3m | |
| Liabilities related to warehouse fund assets (note 6) | — | $36.2m | $0 | $23.1m | $1.4m | $0 | $86.3m | $33.7m | |
| Deferred and contingent acquisition consideration (note 23) | $76.7m | $68.2m | $109.8m | $34.4m | $48.3m | $30.8m | $6.0m | $19.1m | |
| Other liabilities | $21.8m | $31.7m | $48.5m | $86.1m | $91.1m | $120.6m | $129.5m | $110.7m | |
| Redeemable non-controlling interests (note 17) | $343.4m | $359.1m | $442.4m | $536.9m | $1.1b | $1.1b | $1.2b | $1.3b | |
| Contributed surplus | $54.7m | $60.7m | $67.0m | $79.4m | $104.5m | $123.4m | $140.5m | $173.7m | |
| Non-controlling interests | $4.4m | $4.4m | $3.7m | $3.7m | $3.7m | $2.5m | $719k | $1.1m | |
| Convertible notes (note 14) | — | — | $224.0m | $225.2m | $226.5m | $0 | — | — | |
| Real estate assets held for sale (note 5) | — | $247.4m | $0 | $42.8m | — | — | — | — | |
| Liabilities related to real estate assets held for sale (note 5) | — | $127.7m | $0 | $23.1m | — | — | — | — | |
| Deferred rent | $27.1m | — | — | — | — | — | — | — | |
| Operating lease liabilities (note 8) - noncurrent | — | $229.2m | — | — | — | — | — | — | |
| Total non-current assets | $1.6b | $2.2b | $2.3b | $2.3b | $988k | $26.9m | $63.3m | $63.1m | |
| Total non-current liabilities | $823.5m | $1.1b | $1.2b | $1.2b | $375k | $23.2m | $39.5m | $38.9m | |
| Total shareholders’ equity | $387.6m | $512.9m | $582.4m | $581.6m | ($60.7m) | ($2.4m) | $56.8m | $56.6m | |
| Total shareholders' equity | $392.0m | $517.3m | $586.1m | $585.3m | $493.4m | $850.5m | $1.3b | $1.5b | |
| Total assets | $2.4b | $2.9b | $3.3b | $3.9b | $41.9m | $90.6m | $135.6m | $115.6m | |
| Accounts payable and accrued expenses | $251.4m | $261.9m | $297.8m | $391.2m | $503.2m | $535.8m | $494.6m | $510.6m | |
| Accrued compensation | $469.6m | $495.4m | $450.9m | $691.6m | $625.6m | $569.2m | $646.0m | $756.5m | |
| Long-term debt - current (note 13) | $1.8m | $4.2m | $9.0m | $1.5m | $1.4m | $1.8m | $6.1m | $8.1m | |
| Long-term debt - non-current (note 12) | — | $607.2m | $470.9m | $529.6m | — | — | — | — | |
| Total current liabilities | $798.7m | $924.3m | $1.1b | $1.5b | $102.2m | $69.8m | $39.3m | $20.1m | |
| Deferred tax liabilities | $27.6m | $28.0m | $50.5m | $42.4m | $57.8m | $43.2m | $920k | $2.0m | |
| Long-term debt (note 13) | $670.3m | $607.2m | — | $529.6m | $1.4b | $1.5b | $1.5b | $1.6b | |
| Total liabilities | — | — | — | — | $102.5m | $93.0m | $78.8m | $59.0m | |
| Additional paid-in capital | — | — | — | — | $91k | $55.1m | $106.1m | $106.1m | |
| Accumulated other comprehensive income | ($61.2m) | ($67.2m) | ($62.0m) | ($70.3m) | $2.0m | $845k | $999k | $440k | |
| Total liabilities and shareholders’ equity | $2.4b | $2.9b | $3.3b | $3.9b | $41.9m | $90.6m | $135.6m | $115.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.