BoardWare Intelligence Technology Limited (HKG:1204)

Hong Kong · Delayed Price · Currency is HKD

1.870

+0.020 (1.08%)

Aug 31, 2026, 4:08 PM HKT

HKG:1204 Financials Overview

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	728.52	733.92	648.01	717.6	580.83	534.3
Revenue Growth	-0.74%	13.26%	-9.70%	23.55%	8.71%	12.41%
Gross Profit	139.92	144.01	124.8	115.65	100.35	112.11
Operating Income	-4.89	-2.59	-15.77	1.09	11.42	31.7
Net Income	8.63	8.14	0.95	4.5	3.25	24
Earnings Per Share	0.02	0.02	0.00	0.01	0.01	0.07
EPS Growth	5.96%	755.15%	-78.85%	15.69%	-88.69%	-22.44%

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Macau	512.3	515.06	470.5	450	371.78	405.46
Hong Kong	148.09	147.28	143.34	145.55	167.94	128.6
Mainland China	68.03	71.58	34.17	122.02	41.11	0.24
Total	728.52	733.92	648.01	717.6	580.83	534.3

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	175.98	125.35	163.96	93.1	160.27	21.48
Total Debt	67.19	91.68	29.48	22.21	12.16	41.53
Net Cash (Debt)	108.79	33.67	134.48	70.89	148.11	-20.05
Net Cash Growth	223.13%	-74.97%	89.70%	-52.14%	-	-
Net Cash Per Share	0.22	0.07	0.27	0.14	0.35	-0.06

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-	14.92	36.31	-75.43	63.36	-49.73
Capital Expenditures	-	-33.73	-13.74	-3.97	-6.38	-4.19
Free Cash Flow	-	-18.81	22.57	-79.39	56.98	-53.92
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	19.21%	19.62%	19.26%	16.12%	17.28%	20.98%
Operating Margin	-0.67%	-0.35%	-2.43%	0.15%	1.97%	5.93%
Pretax Margin	1.36%	1.28%	0.25%	1.04%	1.15%	5.62%
Profit Margin	1.18%	1.11%	0.15%	0.63%	0.56%	4.49%
FCF Margin	-	-2.56%	3.48%	-11.06%	9.81%	-10.09%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	106.65	122.84	1549.37	395.38	202.95	-
P/FCF Ratio	-	-	65.36	-	11.58	-
PS Ratio	1.26	1.36	2.28	2.48	1.14	-