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NASDAQ · APPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL · SMALL CAP

Neo-Concept International Group Holdings Ltd. NCI

5 fiscal years on record · HKD · FY2025 reported · SEC filings only
HKD 137.2M
▼ 41.8% YoY
HKD 331,679
▼ 95.9% YoY
HKD 17.4M
In brief

What this company does

The group offers services across the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, serving customers in the European and North American markets through Neo-Concept HK. Its customers mainly include brand owners, apparel sourcing agents and online fashion retailers, located primarily in North America and Europe. Its top five customers, based in Canada and the U.S., contributed approximately 43.8% of revenue for the year ended December 31, 2025, and 73.8% for 2024. The company's principal executive office is located at 10/F, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Hong Kong. Neo-Concept UK has sold apparel products in the UK under the brand “les 100 ciels” through its retail stores since 2000. NCI was incorporated in July 2021 under the laws of the Cayman Islands and is the holding company of its Operating Subsidiaries, Neo-Concept HK and Neo-Concept UK.

Written from the business description in Neo-Concept International Group Holdings Limited's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
HKD 137.2M
Revenue, FY2025 · full 5-year series below
Revenue HKD M Net income HKD M
FY2025 · Revenue 137.2 · Net income 0.3
200M20212022202320242025
Compound annual growth
−26.6%
−70.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.3% · Net 0.2%
2%4%20212022202320242025
ROE
FY2025 · ROE 0.6%
10%20%20212022202320242025
Gross margin36.9%
Operating margin1.3%
Net margin0.2%
Return on assets0.3%
EBITDAHKD 3.5M

Each HKD of equity produced 1 cents of profit this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow HKD M
FY2025 · FCF 17.4
8M16M-20M-40M20212022202320242025
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsHKD 115.6M
EquityHKD 56.6M
CashHKD 2.3M
Gross debtHKD 9.5M
Net debtHKD 7.2M
Current ratio2.61×

Net debt stands at 13% of equity.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · HKD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue HKD B0.10.20.20.30.2
Operating income HKD B0.00.00.00.00.0
EBITDA HKD B0.00.00.00.00.0
Income tax HKD B0.00.00.00.00.0
Net income HKD B0.00.00.00.00.0
Free cash flow HKD B0.0−0.0−0.1−0.00.0
EPS, diluted HKD 0.082.061.230.690.30
Dividend / sh HKD ·····
Payout %·····
ROE %0.629.6···
Shares out B·0.020.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityApparel & Other Finishd Prods of Fabrics & Similar Matl
Listed onNASDAQ
Incorporated inoutside the United States — SEC code K3
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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