FWD Group Holdings Limited (HKG:1828)

Hong Kong · Delayed Price · Currency is HKD

33.22

-0.48 (-1.42%)

Sep 10, 2026, 4:08 PM HKT

FWD Group Holdings Financials Overview

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

Millions USD. 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	3,135	3,048	2,818	1,772	2,018	11,317
Revenue Growth	2.85%	8.16%	59.03%	-12.19%	-82.17%	18.78%
Operating Income	581	503	234	-919	-537	254
Net Income	291	166	24	-716	-219	200
Earnings Per Share	0.22	0.13	0.03	-0.76	-0.23	0.23
EPS Growth	72.46%	409.51%	-	-	-	-

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
Hong Kong & Macau	1,008	1,011	1,033	1,024	868	4,498
Expansion Markets	533	500	379	364	307	1,047
Thailand & Cambodia	888	880	813	733	650	3,014
Japan	796	785	725	757	801	2,287
Corporate and Others	7	7	35	18	-4	-25
Unallocated	11	-82	-78	-940	-198	876
Total	3,243	3,101	2,907	1,956	2,424	11,697

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	1,619	1,487	1,687	2,008	1,474	2,652
Total Debt	3,479	3,370	3,125	2,827	2,725	2,531
Net Cash (Debt)	-1,860	-1,883	-1,438	-819	-1,251	121
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.45	-1.48	-1.53	-0.87	-1.33	0.14

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	417	247	526	629	-391	-868
Capital Expenditures	-19	-12	-25	-10	-11	-17
Free Cash Flow	398	235	501	619	-402	-885
Free Cash Flow Growth	69.36%	-53.09%	-19.06%	-	-	-

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
Operating Margin	18.53%	16.50%	8.30%	-51.86%	-26.61%	2.24%
Pretax Margin	15.06%	10.56%	6.53%	-45.94%	-14.07%	2.88%
Profit Margin	9.28%	5.45%	0.85%	-40.41%	-10.85%	1.77%
FCF Margin	12.70%	7.71%	17.78%	34.93%	-19.92%	-7.82%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 10, 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	19.15	37.57	-	-	-	-
Forward PE	15.98	33.99	-	-	-	-
P/FCF Ratio	13.82	26.54	-	-	-	-
PS Ratio	1.75	2.05	-	-	-	-