Neo-Concept International Group Holdings Limited Financials
This page shows Neo-Concept International Group Holdings Limited (NCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing rather than cash-generating operations appears to be the main mechanic behind this balance-sheet repair.
Reported profit improved, but cash conversion stayed weak. Cumulative net income was$1.6M , yet cumulative operating cash flow was-$6.2M ; the simultaneous improvement in liquidity and equity therefore looks funded mainly by financing inflows, not by the business itself.
Revenue growth did not produce much extra operating efficiency: gross margin edged up to
The balance sheet is less tight than a year earlier, with the current ratio improving from 0.9x to 1.8x and equity turning positive. But free cash flow was still
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Neo-Concept International Group Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Neo-Concept International Group Holdings Limited has an operating margin of 1.3%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 29/100, suggesting thin profitability after operating expenses. This is down from 4.9% the prior year.
Neo-Concept International Group Holdings Limited's revenue declined 41.9% year-over-year, from $30.3M to $17.6M. This contraction results in a growth score of 15/100.
Neo-Concept International Group Holdings Limited carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Neo-Concept International Group Holdings Limited's current ratio of 2.61 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Neo-Concept International Group Holdings Limited's free cash flow margin of 12.7% results in a low score of 25/100. Capital expenditures of $515K absorb a large share of operating cash flow.
Neo-Concept International Group Holdings Limited generates a 0.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 14.2% the prior year.
Neo-Concept International Group Holdings Limited scores 2.65, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($21.3M) relative to total liabilities ($7.6M). This signals moderate financial risk that warrants monitoring.
Neo-Concept International Group Holdings Limited passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Neo-Concept International Group Holdings Limited generates $64.44 in operating cash flow ($2.7M OCF vs $43K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Neo-Concept International Group Holdings Limited generated $17.6M in revenue in fiscal year 2025. This represents a decrease of 41.9% from the prior year.
Neo-Concept International Group Holdings Limited's EBITDA was $776K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 56.1% from the prior year.
Neo-Concept International Group Holdings Limited reported $43K in net income in fiscal year 2025. This represents a decrease of 95.9% from the prior year.
Neo-Concept International Group Holdings Limited earned $0.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 80.0% from the prior year.
Cash & Balance Sheet
Neo-Concept International Group Holdings Limited generated $2.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 566.5% from the prior year.
Neo-Concept International Group Holdings Limited held $300K in cash against $611K in long-term debt as of fiscal year 2025.
Neo-Concept International Group Holdings Limited had 3M shares outstanding in fiscal year 2025. This represents a decrease of 83.0% from the prior year.
Margins & Returns
Neo-Concept International Group Holdings Limited's gross margin was 36.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 16.0 percentage points from the prior year.
Neo-Concept International Group Holdings Limited's operating margin was 1.3% in fiscal year 2025, reflecting core business profitability. This is down 3.6 percentage points from the prior year.
Neo-Concept International Group Holdings Limited's net profit margin was 0.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.2 percentage points from the prior year.
Neo-Concept International Group Holdings Limited's ROE was 0.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 13.6 percentage points from the prior year.
Capital Allocation
Neo-Concept International Group Holdings Limited invested $515K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.5% from the prior year.
NCI Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
NCI Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $14.9M-14.9% | $17.5M+50.5% | $11.6M |
| Current Assets | $6.8M-27.5% | $9.3M+14.1% | $8.2M |
| Cash & Equivalents | $300K-74.6% | $1.2M+57.6% | $749K |
| Inventory | $1.6M+234.3% | $466K-31.6% | $681K |
| Accounts Receivable | $936K-78.7% | $4.4M+6.2% | $4.1M |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $7.6M-25.3% | $10.1M-14.8% | $11.9M |
| Current Liabilities | $2.6M-48.8% | $5.1M-43.4% | $8.9M |
| Long-Term Debt | $611K-82.5% | $3.5M-11.4% | $3.9M |
| Total Equity | $7.3M-0.6% | $7.3M+2494.1% | -$306K |
| Retained Earnings | -$6.4M+0.9% | -$6.5M+13.3% | -$7.5M |
NCI Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
NCI Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 2.61+0.8 | 1.84+0.9 | 0.91 |
| Debt-to-Equity | 0.08-0.4 | 0.48+13.4 | -12.88 |
| FCF Margin | N/A | N/A | N/A |
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Frequently Asked Questions
What is Neo-Concept International Group Holdings Limited's annual revenue?
Neo-Concept International Group Holdings Limited (NCI) reported $17.6M in total revenue for fiscal year 2025. This represents a -41.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Neo-Concept International Group Holdings Limited's revenue growing?
Neo-Concept International Group Holdings Limited (NCI) revenue declined by 41.9% year-over-year, from $30.3M to $17.6M in fiscal year 2025.
Is Neo-Concept International Group Holdings Limited profitable?
Yes, Neo-Concept International Group Holdings Limited (NCI) reported a net income of $43K in fiscal year 2025, with a net profit margin of 0.2%.
What is Neo-Concept International Group Holdings Limited's EBITDA?
Neo-Concept International Group Holdings Limited (NCI) had EBITDA of $776K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Neo-Concept International Group Holdings Limited have?
As of fiscal year 2025, Neo-Concept International Group Holdings Limited (NCI) had $300K in cash and equivalents against $611K in long-term debt.
What is Neo-Concept International Group Holdings Limited's gross margin?
Neo-Concept International Group Holdings Limited (NCI) had a gross margin of 36.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Neo-Concept International Group Holdings Limited's operating margin?
Neo-Concept International Group Holdings Limited (NCI) had an operating margin of 1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Neo-Concept International Group Holdings Limited's net profit margin?
Neo-Concept International Group Holdings Limited (NCI) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Neo-Concept International Group Holdings Limited's return on equity (ROE)?
Neo-Concept International Group Holdings Limited (NCI) has a return on equity of 0.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Neo-Concept International Group Holdings Limited's free cash flow?
Neo-Concept International Group Holdings Limited (NCI) generated $2.2M in free cash flow during fiscal year 2025. This represents a 566.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Neo-Concept International Group Holdings Limited's operating cash flow?
Neo-Concept International Group Holdings Limited (NCI) generated $2.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Neo-Concept International Group Holdings Limited's total assets?
Neo-Concept International Group Holdings Limited (NCI) had $14.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Neo-Concept International Group Holdings Limited's capital expenditures?
Neo-Concept International Group Holdings Limited (NCI) invested $515K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Neo-Concept International Group Holdings Limited's current ratio?
Neo-Concept International Group Holdings Limited (NCI) had a current ratio of 2.61 as of fiscal year 2025, which is generally considered healthy.
What is Neo-Concept International Group Holdings Limited's debt-to-equity ratio?
Neo-Concept International Group Holdings Limited (NCI) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Neo-Concept International Group Holdings Limited's return on assets (ROA)?
Neo-Concept International Group Holdings Limited (NCI) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Neo-Concept International Group Holdings Limited's Altman Z-Score?
Neo-Concept International Group Holdings Limited (NCI) has an Altman Z-Score of 2.65, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Neo-Concept International Group Holdings Limited's Piotroski F-Score?
Neo-Concept International Group Holdings Limited (NCI) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Neo-Concept International Group Holdings Limited's earnings high quality?
Neo-Concept International Group Holdings Limited (NCI) has an earnings quality ratio of 64.44x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Neo-Concept International Group Holdings Limited?
Neo-Concept International Group Holdings Limited (NCI) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.