FWD Group Holdings Limited (HKG:1828)

Hong Kong · Delayed Price · Currency is HKD

30.00

+0.26 (0.87%)

Jul 31, 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	Dec '25 Dec 31, 2025	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	3,048	3,048	2,818	1,772	2,018	11,317
Revenue Growth	-2.87%	8.16%	59.03%	-12.19%	-82.17%	18.78%
Operating Income	503	503	234	-919	-537	254
Net Income	166	166	24	-716	-219	200
Earnings Per Share	0.13	0.13	0.03	-0.76	-0.23	0.23
EPS Growth	79.83%	409.51%	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	1,011	1,011	1,033	1,024	868	4,498
Thailand & Cambodia	880	880	813	733	650	3,014
Japan	785	785	725	757	801	2,287
Emerging Markets	500	500	379	364	307	1,047
Corporate and Others	7	7	35	18	-4	-25
Unallocated	-82	-82	-78	-940	-198	876
Total	3,101	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	Dec '25 Dec 31, 2025	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	1,487	1,487	1,687	2,008	1,474	2,652
Total Debt	3,370	3,370	3,125	2,827	2,725	2,531
Net Cash (Debt)	-1,883	-1,883	-1,438	-819	-1,251	121
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.48	-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	Dec '25 Dec 31, 2025	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	247	247	526	629	-391	-868
Capital Expenditures	-12	-12	-25	-10	-11	-17
Free Cash Flow	235	235	501	619	-402	-885
Free Cash Flow Growth	-27.91%	-53.09%	-19.06%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	16.50%	16.50%	8.30%	-51.86%	-26.61%	2.24%
Pretax Margin	10.56%	10.56%	6.53%	-45.94%	-14.07%	2.88%
Profit Margin	5.45%	5.45%	0.85%	-40.41%	-10.85%	1.77%
FCF Margin	7.71%	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	Aug '26 Aug 1, 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	29.63	37.57	-	-	-	-
Forward PE	17.91	33.99	-	-	-	-
P/FCF Ratio	20.99	26.54	-	-	-	-
PS Ratio	1.62	2.05	-	-	-	-