Financial Statements — NCI
Balance Sheet
(in millions HKD)| Metric | FY
2025 | FY
2024 | FY
2023 |
|---|
| Cash & Equivalents | 2.33 | 1.18 | 5.85 |
| Accounts Receivable | 0.94 | 34.17 | 32.34 |
| Inventory | 1.56 | 3.62 | 5.32 |
| Total Current Assets | 52.57 | 72.34 | 63.74 |
| Property, Plant & Equipment | 7.44 | 4.75 | 1.30 |
| Intangible Assets | 11.04 | 16.30 | 0.11 |
| Total Non-current Assets | 8.10 | 63.31 | 3.44 |
| Total Assets | 115.63 | 135.65 | 90.62 |
| Accounts Payable | -- | -- | 10.43 |
| Total Current Liabilities | 2.59 | 5.06 | 69.83 |
| Long-term Debt | 4.76 | 3.49 | 3.94 |
| Total Non-current Liabilities | 38.89 | 39.52 | 23.18 |
| Total Liabilities | 7.58 | 10.15 | 93.00 |
| Retained Earnings | (49.94) | (50.27) | (58.33) |
| Total Stockholder Equity | 7.27 | 7.32 | (2.39) |
Income Statement
(in millions HKD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 |
|---|
| Total Revenue | 137.25 | 235.67 | 174.20 |
| Cost of Revenue | 86.56 | 186.22 | 139.15 |
| Gross Profit | 6.51 | 49.44 | 35.05 |
| Selling, General & Admin | 1.26 | -- | -- |
| Total Operating Expenses | 48.88 | 4.88 | 3.33 |
| Operating Income | 1.80 | 11.57 | 9.05 |
| Pretax Income | 1.78 | 9.15 | 5.74 |
| Tax Provision | 1.45 | 1.09 | 1.33 |
| Net Income | 0.33 | 8.06 | 4.41 |
| Basic EPS | 0.01 | 0.05 | 0.03 |
| Diluted EPS | 0.01 | 0.41 | 0.25 |
Cash Flow Statement
(in millions HKD)| Metric | FY
2025 | FY
2024 | FY
2023 |
|---|
| Operating Cash Flow | 2.75 | 0.43 | (49.23) |
| Capital Expenditures | 0.51 | 4.14 | 1.28 |
| Free Cash Flow* | 2.23 | (3.72) | (50.50) |
| Investing Cash Flow | (4.01) | (19.17) | (1.28) |
| Financing Cash Flow | (22.83) | 21.89 | 47.55 |
* Derived from reported values
