Neo-Concept International Group Holdings Limited (NCI) reported HK$137.25M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 41.8% from the year before.

Yes. Neo-Concept International Group Holdings Limited earned HK$331.7K in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 0.2%.

How much cash and debt does NCI have?

Neo-Concept International Group Holdings Limited reported HK$2.33M in cash and cash equivalents and HK$4.76M of debt on its most recent balance sheet in SEC filings.

How fast is NCI revenue growing?

Neo-Concept International Group Holdings Limited's revenue changed -41.8% in fiscal 2025, to HK$137.25M.

What is NCI gross margin?

Neo-Concept International Group Holdings Limited's gross profit was HK$50.69M on HK$137.25M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 36.9%.

What is NCI free cash flow?

Neo-Concept International Group Holdings Limited generated HK$17.37M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of HK$21.37M less capital expenditures.

What is NCI earnings per share?

Diluted earnings per share were HK$0.08 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did NCI last report financial results?

The latest statements here come from Neo-Concept International Group Holdings Limited's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.

Financials · NCI

Neo-Concept International Group Holdings Limited (NCI) financials

For fiscal 2025 (ended Dec 31, 2025), Neo-Concept International Group Holdings Limited reported HK$137.25M of revenue and HK$331.7K of net income. Figures are in HKD, the currency of its SEC filings.

Revenue, FY2025: HK$137.25M
Revenue growth, YoY: -41.8%
Net income, FY2025: HK$331.7K
Net income growth, YoY: -95.9%
Net margin: 0.2%
Free cash flow, FY2025: HK$17.37M
EPS, diluted, FY2025: HK$0.08
EPS growth, YoY: -96.1%
Cash: HK$2.33M
Total debt: HK$4.76M

Annual revenueHK$137.25M

FY2021FY2025

Annual net incomeHK$331.7K

FY2021FY2025

Annual free cash flowHK$17.37M

FY2021FY2025

NCI revenue and earnings growth

NCI revenueFY2025HK$137.25M

FY YoY: -41.8%

NCI revenue was HK$137.25M for fiscal 2025 (ended Dec 31, 2025), down 41.8% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

NCI net incomeFY2025HK$331.7K

FY YoY: -95.9%

NCI net income was HK$331.7K for fiscal 2025 (ended Dec 31, 2025), down 95.9% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

NCI EPSFY2025HK$0.08

FY YoY: -96.1%

NCI diluted EPS was HK$0.08 for fiscal 2025 (ended Dec 31, 2025), down 96.1% from fiscal 2024.

NCI free cash flowFY2025HK$17.37M

NCI free cash flow was HK$17.37M for fiscal 2025 (ended Dec 31, 2025), compared with -HK$3.72M in fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
Revenue	HK$137.25M	HK$235.67M	HK$174.20M	HK$347.45M	HK$240.54M
Cost of revenue	HK$86.56M	HK$186.22M	HK$139.15M	HK$305.62M	HK$217.94M
Gross profit	HK$50.69M	HK$49.44M	HK$35.05M	HK$41.83M	HK$22.59M
Selling, general and admin	HK$1.26M	HK$752.5K	HK$453.6K	-	-
Operating income	HK$1.80M	HK$11.57M	HK$9.05M	HK$18.94M	HK$4.47M
Pre-tax income	HK$1.78M	HK$9.15M	HK$5.74M	HK$15.38M	HK$7.19M
Income tax	HK$1.45M	HK$1.09M	HK$1.33M	HK$2.98M	HK$1.74M
Net income	HK$331.7K	HK$8.06M	HK$4.41M	HK$12.40M	HK$5.45M
EPS, basic	HK$0.08	HK$2.06	HK$1.23	HK$3.45	HK$1.50
EPS, diluted	HK$0.08	HK$2.06	HK$1.23	HK$3.45	HK$1.50
Diluted shares	4.1M	3.9M	3.6M	3.6M	3.6M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
Cash and equivalents	HK$2.33M	HK$9.17M	HK$5.85M	HK$8.59M	HK$1.43M
Receivables	HK$7.29M	HK$34.17M	HK$32.34M	HK$10.34M	-
Inventory	HK$12.11M	HK$3.62M	HK$5.32M	HK$1.30M	-
Current assets	HK$52.57M	HK$72.34M	HK$63.74M	HK$40.89M	-
Total assets	HK$115.63M	HK$135.65M	HK$90.62M	HK$41.87M	-
Current liabilities	HK$20.15M	HK$39.30M	HK$69.83M	HK$102.17M	-
Short-term debt	HK$4.76M	HK$27.11M	HK$30.75M	HK$83.96M	-
Long-term debt	-	-	-	HK$375.1K	-
Total debt	HK$4.76M	HK$27.11M	HK$30.75M	HK$84.34M	-
Total liabilities	HK$59.03M	HK$78.82M	HK$93.00M	HK$102.55M	-
Shareholders' equity	HK$56.60M	HK$56.83M	-HK$2.39M	-HK$60.68M	-HK$75.59M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
Operating cash flow	HK$21.37M	HK$428.2K	-HK$49.01M	-HK$42.76M	HK$10.27M
Capital expenditures	HK$4.01M	HK$4.14M	HK$1.28M	HK$73.5K	HK$78.2K
Free cash flow	HK$17.37M	-HK$3.72M	-HK$50.29M	-HK$42.83M	HK$10.19M
Investing cash flow	-HK$4.01M	-HK$19.17M	-HK$1.28M	-HK$73.5K	-HK$78.2K
Financing cash flow	-HK$22.83M	HK$21.89M	HK$47.55M	HK$50.00M	-HK$9.19M
Depreciation and amortization	-	-	HK$33.1K	HK$11.1K	HK$136.2K

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021
Revenue growth, YoY	-41.8%	35.3%	-49.9%	44.4%	-
Net income growth, YoY	-95.9%	82.6%	-64.4%	127.5%	-
EPS growth, YoY	-96.1%	67.5%	-64.3%	130.0%	-
Gross margin	36.9%	21.0%	20.1%	12.0%	9.4%
Operating margin	1.3%	4.9%	5.2%	5.4%	1.9%
Net margin	0.2%	3.4%	2.5%	3.6%	2.3%
Free cash flow margin	12.7%	-1.6%	-28.9%	-12.3%	4.2%
Return on equity	0.6%	14.2%	-	-	-
Return on assets	0.3%	5.9%	4.9%	29.6%	-
Current ratio	2.61	1.84	0.91	0.40	-
Debt to equity	0.08	0.48	-	-	-

Source: XBRL data Neo-Concept International Group Holdings Limited files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-5, first reported Apr 30, 2026.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

NCI peers

Company	Revenue	Growth	Net income	Net margin	Market cap
NCI	HK$137.25M	-41.8%	HK$331.7K	0.2%	$4.9M
TPRTapestry Inc.	$8.19B	+13.7%	$1.61B	19.7%	$26.74B
ASAmer Sports Inc.	$6.57B	+26.7%	$427.40M	6.5%	$18.10B
LULUlululemon athletica inc.	$11.09B	+1.7%	$1.42B	12.8%	$11.88B
LEVILevi Strauss & Co	$6.68B	+6.6%	$589.70M	8.8%	$9.24B
GILGildan Activewear Inc.	$3.62B	+10.7%	$398.88M	11.0%	$6.76B
ZGNErmenegildo Zegna N.V.	€1.92B	-1.5%	€98.58M	5.1%	$3.85B
COLMColumbia Sportswear Company	$3.43B	+0.1%	$238.77M	7.0%	$3.65B
FIGSFIGS Inc.	$749.11M	+28.9%	$72.45M	9.7%	$3.58B

NCI FAQ

9 questions

What is NCI revenue?
Neo-Concept International Group Holdings Limited (NCI) reported HK$137.25M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 41.8% from the year before.
Is NCI profitable?
Yes. Neo-Concept International Group Holdings Limited earned HK$331.7K in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 0.2%.
How much cash and debt does NCI have?
Neo-Concept International Group Holdings Limited reported HK$2.33M in cash and cash equivalents and HK$4.76M of debt on its most recent balance sheet in SEC filings.
How fast is NCI revenue growing?
Neo-Concept International Group Holdings Limited's revenue changed -41.8% in fiscal 2025, to HK$137.25M.
What is NCI gross margin?
Neo-Concept International Group Holdings Limited's gross profit was HK$50.69M on HK$137.25M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 36.9%.
What is NCI free cash flow?
Neo-Concept International Group Holdings Limited generated HK$17.37M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of HK$21.37M less capital expenditures.
What is NCI earnings per share?
Diluted earnings per share were HK$0.08 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did NCI last report financial results?
The latest statements here come from Neo-Concept International Group Holdings Limited's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.
Where does this NCI financial data come from?
Quantisnow builds these statements from the structured XBRL data Neo-Concept International Group Holdings Limited files with the SEC. It is provided for information only and is not investment advice.