Forward Fashion (International) Holdings Company Limited (HKG:2528)

HKG:2528 Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	76.44	46.23	73.3	69.88	115.89
Short-Term Investments	16.11	48.06	57.16	61.95	89.19
Cash & Short-Term Investments	92.55	94.29	130.46	131.83	205.08
Cash Growth	-1.84%	-27.73%	-1.04%	-35.72%	-33.79%
Accounts Receivable	56.21	67.54	49.04	44.22	49.79
Other Receivables	0.9	1.5	3.18	5.93	16.07
Receivables	57.11	69.04	52.22	50.15	65.86
Inventory	210.19	252.05	308.22	274.11	260.41
Prepaid Expenses	13.66	9.53	12.82	9.99	18.52
Restricted Cash	-	-	-	17.99	26.22
Other Current Assets	35.28	30.4	37.81	34.49	72.04
Total Current Assets	408.79	455.31	541.52	518.57	648.12
Property, Plant & Equipment	208.27	319.48	310.72	279.07	378.47
Long-Term Investments	-	-	0.6	1.72	11.7
Other Intangible Assets	3.28	3.79	5.51	8.11	7.57
Long-Term Deferred Tax Assets	14.14	10.55	16.19	20.98	19.8
Other Long-Term Assets	38.83	33.34	37.62	82.03	63.71
Total Assets	673.32	822.45	912.17	910.46	1,129

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	114.12	147.96	167.74	128.37	110.05
Accrued Expenses	63.82	63.69	61.04	54.34	72.74
Short-Term Debt	-	45.51	171.29	182.6	257.07
Current Portion of Long-Term Debt	27.1	26.76	9.24	12.9	0.09
Current Portion of Leases	62.84	91.16	89.59	91.56	148.07
Current Income Taxes Payable	-	-	3.13	8.82	12.58
Current Unearned Revenue	6.47	11.56	4.67	4.53	3.91
Other Current Liabilities	38.16	32.53	28.89	35.19	37.63
Total Current Liabilities	312.51	419.16	535.57	518.31	642.13
Long-Term Debt	18.25	24.21	22.67	45.29	30.98
Long-Term Leases	55.58	123.85	96.58	70.69	119.38
Long-Term Deferred Tax Liabilities	4.14	0.1	2.12	6.27	2.44
Other Long-Term Liabilities	85.58	123.87	36.58	28.32	34.81
Total Liabilities	476.06	691.2	693.52	668.88	829.74

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	4	4	4	4	4
Additional Paid-In Capital	859.23	859.23	859.23	859.23	859.23
Retained Earnings	-45.37	-103.04	-26.15	-9.3	23.84
Comprehensive Income & Other	-605.09	-611.04	-608.27	-604.96	-582.59
Total Common Equity	212.77	149.15	228.81	248.98	304.48
Minority Interest	-15.52	-17.9	-10.17	-7.4	-4.84
Shareholders' Equity	197.25	131.25	218.64	241.58	299.64
Total Liabilities & Equity	673.32	822.45	912.17	910.46	1,129

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	163.78	311.49	389.37	403.04	555.58
Net Cash (Debt)	-71.23	-217.2	-258.91	-271.2	-350.5
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-0.18	-0.54	-0.65	-0.68	-0.88
Filing Date Shares Outstanding	400	400	400	400	400
Total Common Shares Outstanding	400	400	400	400	400
Working Capital	96.28	36.15	5.95	0.25	6
Book Value Per Share	0.53	0.37	0.57	0.62	0.76
Tangible Book Value	209.49	145.36	223.3	240.87	296.91
Tangible Book Value Per Share	0.52	0.36	0.56	0.60	0.74
Land	66.25	67.02	83.58	-	-
Buildings	-	-	-	83.58	83.58
Machinery	44.16	41.23	39.76	38.9	37.34
Leasehold Improvements	291.46	319.45	312.4	303.83	281.5

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 2, 2026

Data Sources Report a data error