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Neo-Concept International Group Holdings Ltd

NCI Clue Score36
Hong Kong Fiscal year ends December CIK 0001916331
$0.88 -0.23% Close, 9 Oct 2026
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Price $0.88 −53.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 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 2021Revenue240.5Operating income4.5Net income5.5EPS, diluted0.30Fiscal year 2022Revenue347.5 +44.4%Operating income18.9Net income12.4 +127.5%EPS, diluted0.69Fiscal year 2023Revenue174.2 −49.9%Operating income9.0Net income4.4 −64.4%EPS, diluted1.23Fiscal year 2024Revenue235.7 +35.3%Operating income11.6Net income8.1 +82.6%EPS, diluted2.06Fiscal year 2025Revenue137.2 −41.8%Operating income1.8Net income0.3 −95.9%EPS, diluted0.08
FY2021FY2022FY2023FY2024FY2025
Revenue 240.5 347.5 174.2 235.7 137.2
Growth +44.4% −49.9% +35.3% −41.8%
Operating income 4.5 18.9 9.0 11.6 1.8
Net income 5.5 12.4 4.4 8.1 0.3
Growth +127.5% −64.4% +82.6% −95.9%
EPS, diluted 0.30 0.69 1.23 2.06 0.08

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin9.4%Operating margin1.9%Net margin2.3%Free cash flow margin4.2%Fiscal year 2022Gross margin12.0%Operating margin5.4%Net margin3.6%Free cash flow margin−12.3%Fiscal year 2023Gross margin20.1%Operating margin5.2%Net margin2.5%Free cash flow margin−28.9%Fiscal year 2024Gross margin21.0%Operating margin4.9%Net margin3.4%Free cash flow margin−1.6%Fiscal year 2025Gross margin36.9%Operating margin1.3%Net margin0.2%Free cash flow margin12.7%
FY2021FY2022FY2023FY2024FY2025
Gross margin 9.4% 12.0% 20.1% 21.0% 36.9%
Operating margin 1.9% 5.4% 5.2% 4.9% 1.3%
Net margin 2.3% 3.6% 2.5% 3.4% 0.2%
Free cash flow margin 4.2% −12.3% −28.9% −1.6% 12.7%

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 flow10.3Capital expenditure−0.1Free cash flow10.2Fiscal year 2022Operating cash flow−42.8Capital expenditure−0.1Free cash flow−42.8 −520.3%Fiscal year 2023Operating cash flow−49.0Capital expenditure−1.3Free cash flow−50.3Fiscal year 2024Operating cash flow0.4Capital expenditure−4.1Free cash flow−3.7Fiscal year 2025Operating cash flow21.4Capital expenditure−4.0Free cash flow17.4
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 10.3 −42.8 −49.0 0.4 21.4
Capital expenditure −0.1 −0.1 −1.3 −4.1 −4.0
Free cash flow 10.2 −42.8 −50.3 −3.7 17.4
Growth −520.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash1.4Shareholders’ equity−75.6Fiscal year 2022Cash8.6Total debt84.3Net cash (debt)−75.7Shareholders’ equity−60.7Fiscal year 2023Cash5.8Total debt61.5Net cash (debt)−55.7Shareholders’ equity−2.4Fiscal year 2024Cash9.2Total debt54.2Net cash (debt)−45.0Shareholders’ equity56.8Debt to equity0.95Fiscal year 2025Cash2.3Total debt9.5Net cash (debt)−7.2Shareholders’ equity56.6Debt to equity0.17
FY2021FY2022FY2023FY2024FY2025
Cash 1.4 8.6 5.8 9.2 2.3
Total debt n/a 84.3 61.5 54.2 9.5
Net cash (debt) n/a −75.7 −55.7 −45.0 −7.2
Shareholders’ equity −75.6 −60.7 −2.4 56.8 56.6
Debt to equity n/a n/a n/a 0.95 0.17

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
9.4% 12.0% 20.1% 21.0% 36.9%
1.9% 5.4% 5.2% 4.9% 1.3%
3.0% 4.4% 3.3% 3.9% 1.3%
2.3% 3.6% 2.5% 3.4% 0.2%
4.2% −12.3% −28.9% −1.6% 12.7%
Spending
n/a n/a 0.3% 0.3% 0.9%
0.0% 0.0% 0.7% 1.8% 2.9%
24.2% 19.4% 23.1% 11.9% 81.3%
Returns
n/a n/a n/a 14.2% 0.6%
n/a 29.6% 4.9% 5.9% 0.3%
Balance and payout
n/a n/a n/a 0.95 0.17
n/a 244.9% 102.6% 58.1% 51.1%

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