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

Hong Kong · Delayed Price · Currency is HKD

0.8800

-0.0100 (-1.12%)

Sep 11, 2026, 3:58 PM HKT

HKG:2528 Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	85.49	76.44	46.23	73.3	69.88	115.89
Short-Term Investments	13.39	16.11	48.06	57.16	61.95	89.19
Cash & Short-Term Investments	98.88	92.55	94.29	130.46	131.83	205.08
Cash Growth	-4.75%	-1.84%	-27.73%	-1.04%	-35.72%	-33.79%
Accounts Receivable	32.38	56.21	67.54	49.04	44.22	49.79
Other Receivables	14.52	0.9	1.5	3.18	5.93	16.07
Receivables	46.91	57.11	69.04	52.22	50.15	65.86
Inventory	183.92	210.19	252.05	308.22	274.11	260.41
Prepaid Expenses	29.54	13.66	9.53	12.82	9.99	18.52
Restricted Cash	-	-	-	-	17.99	26.22
Other Current Assets	18.11	35.28	30.4	37.81	34.49	72.04
Total Current Assets	377.36	408.79	455.31	541.52	518.57	648.12
Property, Plant & Equipment	179.75	208.27	319.48	310.72	279.07	378.47
Long-Term Investments	-	-	-	0.6	1.72	11.7
Other Intangible Assets	3.09	3.28	3.79	5.51	8.11	7.57
Long-Term Deferred Tax Assets	16.44	14.14	10.55	16.19	20.98	19.8
Other Long-Term Assets	30.02	38.83	33.34	37.62	82.03	63.71
Total Assets	606.65	673.32	822.45	912.17	910.46	1,129

Liabilities

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
Accounts Payable	89.06	114.12	147.96	167.74	128.37	110.05
Accrued Expenses	57.56	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	5.07	27.1	26.76	9.24	12.9	0.09
Current Portion of Leases	56.05	62.84	91.16	89.59	91.56	148.07
Current Income Taxes Payable	-	-	-	3.13	8.82	12.58
Current Unearned Revenue	8.16	6.47	11.56	4.67	4.53	3.91
Other Current Liabilities	34.25	38.16	32.53	28.89	35.19	37.63
Total Current Liabilities	250.14	312.51	419.16	535.57	518.31	642.13
Long-Term Debt	57.16	18.25	24.21	22.67	45.29	30.98
Long-Term Leases	37.17	55.58	123.85	96.58	70.69	119.38
Long-Term Deferred Tax Liabilities	4.5	4.14	0.1	2.12	6.27	2.44
Other Long-Term Liabilities	15.06	85.58	123.87	36.58	28.32	34.81
Total Liabilities	364.02	476.06	691.2	693.52	668.88	829.74

Shareholders' Equity

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
Common Stock	4	4	4	4	4	4
Additional Paid-In Capital	859.23	859.23	859.23	859.23	859.23	859.23
Retained Earnings	-11.48	-45.37	-103.04	-26.15	-9.3	23.84
Comprehensive Income & Other	-590.31	-605.09	-611.04	-608.27	-604.96	-582.59
Total Common Equity	261.44	212.77	149.15	228.81	248.98	304.48
Minority Interest	-18.81	-15.52	-17.9	-10.17	-7.4	-4.84
Shareholders' Equity	242.63	197.25	131.25	218.64	241.58	299.64
Total Liabilities & Equity	606.65	673.32	822.45	912.17	910.46	1,129

Additional Metrics

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
Total Debt	155.44	163.78	311.49	389.37	403.04	555.58
Net Cash (Debt)	-56.57	-71.23	-217.2	-258.91	-271.2	-350.5
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.14	-0.18	-0.54	-0.65	-0.68	-0.88
Filing Date Shares Outstanding	400	400	400	400	400	400
Total Common Shares Outstanding	400	400	400	400	400	400
Working Capital	127.22	96.28	36.15	5.95	0.25	6
Book Value Per Share	0.65	0.53	0.37	0.57	0.62	0.76
Tangible Book Value	258.35	209.49	145.36	223.3	240.87	296.91
Tangible Book Value Per Share	0.65	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