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mF International Ltd

MFI Clue Score53
Hong Kong Fiscal year ends December CIK 0001940941
$8.60 -4.45% Close, 12 Oct 2026
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Price $8.60 −75.32% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 22 Apr 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue32.2Operating income10.5Net income10.3EPS, diluted0.89Fiscal year 2022Revenue34.9 +8.4%Operating income7.5Net income6.8 −34.1%EPS, diluted0.59Fiscal year 2023Revenue32.0 −8.5%Operating income6.7Net income6.6 −2.8%EPS, diluted0.57Fiscal year 2024Revenue26.1 −18.4%Operating income−19.4Net income−20.2 −404.9%EPS, diluted−1.59Fiscal year 2025Revenue33.8 +29.7%Operating income−48.6Net income78.7
FY2021FY2022FY2023FY2024FY2025
Revenue 32.2 34.9 32.0 26.1 33.8
Growth +8.4% −8.5% −18.4% +29.7%
Operating income 10.5 7.5 6.7 −19.4 −48.6
Net income 10.3 6.8 6.6 −20.2 78.7
Growth −34.1% −2.8% −404.9%
EPS, diluted 0.89 0.59 0.57 −1.59 n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin49.5%Operating margin32.7%Net margin32.1%Free cash flow margin38.7%Fiscal year 2022Gross margin52.7%Operating margin21.6%Net margin19.5%Free cash flow margin38.5%Fiscal year 2023Gross margin56.2%Operating margin20.9%Net margin20.7%Free cash flow margin35.3%Fiscal year 2024Gross margin47.2%Operating margin−74.3%Net margin−77.5%Free cash flow margin−85.6%Fiscal year 2025Gross margin29.6%Operating margin−143.7%Net margin232.8%Free cash flow margin−47.4%
FY2021FY2022FY2023FY2024FY2025
Gross margin 49.5% 52.7% 56.2% 47.2% 29.6%
Operating margin 32.7% 21.6% 20.9% −74.3% −143.7%
Net margin 32.1% 19.5% 20.7% −77.5% 232.8%
Free cash flow margin 38.7% 38.5% 35.3% −85.6% −47.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow12.7Capital expenditure−0.3Free cash flow12.5Fiscal year 2022Operating cash flow13.5Capital expenditure−0.0Free cash flow13.5 +7.9%Fiscal year 2023Operating cash flow11.3Capital expenditure−0.0Free cash flow11.3 −16.2%Dividends paid−5.3Fiscal year 2024Operating cash flow−21.9Capital expenditure−0.5Free cash flow−22.3 −298.1%Dividends paid0.0Fiscal year 2025Operating cash flow−15.9Capital expenditure−0.2Free cash flow−16.0Dividends paid0.0
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 12.7 13.5 11.3 −21.9 −15.9
Capital expenditure −0.3 −0.0 −0.0 −0.5 −0.2
Free cash flow 12.5 13.5 11.3 −22.3 −16.0
Growth +7.9% −16.2% −298.1%
Dividends paid n/a n/a −5.3 0.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2021Cash and securities10.1Shareholders’ equity7.5Fiscal year 2022Cash and securities12.1Total debt13.6Net cash (debt)−1.6Shareholders’ equity10.4Debt to equity1.31Fiscal year 2023Cash and securities6.8Total debt9.9Net cash (debt)−3.1Shareholders’ equity11.7Debt to equity0.85Fiscal year 2024Cash and securities19.7Total debt6.1Net cash (debt)13.6Shareholders’ equity35.9Debt to equity0.17Fiscal year 2025Cash and securities223.4Total debt0.0Net cash (debt)223.4Shareholders’ equity4,012.4Debt to equity0.00
FY2021FY2022FY2023FY2024FY2025
Cash and securities 10.1 12.1 6.8 19.7 223.4
Total debt n/a 13.6 9.9 6.1 0.0
Net cash (debt) n/a −1.6 −3.1 13.6 223.4
Shareholders’ equity 7.5 10.4 11.7 35.9 4,012.4
Debt to equity n/a 1.31 0.85 0.17 0.00

In millions of HKD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
49.5% 52.7% 56.2% 47.2% 29.6%
32.7% 21.6% 20.9% −74.3% −143.7%
33.5% 20.6% 21.2% −74.5% 223.8%
32.1% 19.5% 20.7% −77.5% 232.8%
38.7% 38.5% 35.3% −85.6% −47.4%
Spending
0.1% 0.2% 0.0% 0.7% 0.1%
16.0% 30.4% 34.8% 104.7% 111.3%
0.8% 0.1% 0.2% 1.8% 0.4%
4.0% 5.4% 2.2% n/a −4.0%
Returns
138.3% 65.4% 56.4% −56.3% 2.0%
n/a 19.7% 19.6% −34.7% 1.9%
Balance and payout
n/a 1.31 0.85 0.17 0.00
n/a 69.8% 65.3% 38.4% 0.7%
n/a n/a 80.4% n/a 0.0%
n/a n/a 47.3% n/a n/a

Shown in HKD as filed; the screener converts to dollars.