Neo-Concept International Group Holdings Limited (NCI)

NCI Cash Flow Statement

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

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
Net Income	0.33	8.06	4.41	12.4	5.45
Depreciation & Amortization	4.23	2.17	0.15	0.15	0.29
Other Adjustments	-0.98	1.99	1.46	-	-
Change in Receivables	29.13	-3.08	-23.39	19.37	-29.74
Changes in Inventories	-8.08	1.68	-4.09	-0.62	0.65
Changes in Accounts Payable	-	-	-10.43	-74.18	32.55
Changes in Accrued Expenses	1.94	4.09	1.17	0.92	-0.08
Changes in Income Taxes Payable	1.31	-1.54	-3.97	3	1.74
Changes in Other Operating Activities	-6.51	-12.94	-14.33	-3.8	-0.59
Operating Cash Flow	21.37	0.43	-49.01	-42.76	10.27
Operating Cash Flow Growth	4891.28%	-	-	-	63.43%
Capital Expenditures	-4.01	-4.14	-1.28	-0.07	-0.08
Purchases of Intangible Assets	-	-15.02	-	-	-
Investing Cash Flow	-4.01	-19.17	-1.28	-0.07	-0.08
Long-Term Debt Issued	67.24	222.5	115.02	508.72	243.09
Long-Term Debt Repaid	-89.59	-226.15	-168.6	-452.38	-220.37
Net Long-Term Debt Issued (Repaid)	-22.35	-3.65	-53.58	56.34	22.72
Issuance of Common Stock	-	65.64	-	-	-
Net Common Stock Issued (Repurchased)	-	65.64	-	-	-
Common Dividends Paid	-	-	-	-	-0.27
Other Financing Activities	-0.48	-40.1	101.13	-6.34	-31.64
Financing Cash Flow	-22.83	21.89	47.55	50	-9.19
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.37	0.16	-	-	-
Net Cash Flow	-5.46	3.15	-2.74	7.16	1.01
Free Cash Flow	17.37	-3.72	-50.29	-42.83	10.19
Free Cash Flow Growth	-	-	-	-	65.24%
FCF Margin	12.65%	-1.58%	-28.87%	-12.33%	4.24%
Free Cash Flow Per Share	4.27	-0.95	-13.97	-11.90	2.83
Levered Free Cash Flow	-33.14	-6.27	-81.95	-5.86	62.66
Unlevered Free Cash Flow	-10.78	-0.49	-25.82	-59.34	37.88

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q