Neo-Concept International Group Holdings (NCI) Cash Flow: Operating & Free Cash Flow

Neo-Concept International Group Holdings Cash Flow Statement Analysis

Values in millions HKD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Neo-Concept International Group Holdings Limited (NCI) - Annual data in millions HKD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Operating Activities
Net Income	0.33	8.06	4.41	12.40	5.45	-3.33
Depreciation & Amortization	4.23	2.17	0.15	0.15	0.29	0.18
Deferred Income Tax	1.14	0.71	0.01	0.00	0.00	0.00
Change in Working Capital	17.79	-11.79	-55.03	-55.31	4.53	8.93
Change in Accounts Receivable	30.13	-3.08	-23.39	19.37	-29.74	-42.56
Change in Inventory	-8.08	1.68	-4.09	-0.62	0.65	-0.85
Change in Accounts Payable	0.00	-0.54	-10.43	-71.18	32.55	52.06
Change in Other Working Capital	-4.26	-12.94	-14.33	0.13	1.08	0.15
Other Operating Activities	-2.12	1.99	1.46	0.00	0.00	0.33
Net Cash from Operating Activities	21.37	0.43	-49.01	-42.76	10.27	6.28
Investing Activities
Capital Expenditures	-4.01	-19.17	-1.28	-0.07	-0.08	-0.12
Sales/Maturities of Investments	0.00	-15.02	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	-15.02	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-4.01	-19.17	-1.28	-0.07	-0.08	-0.12
Financing Activities
Debt Repayment	-22.35	-226.15	-168.60	-452.38	22.72	-188.63
Common Stock Issued	0.00	65.64	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	-0.27	0.00
Other Financing Activities	-0.48	-40.10	16.27	-6.34	-31.64	-6.24
Net Cash from Financing Activities	-22.83	21.89	47.55	50.00	-9.19	-6.48
Summary
Effect of Forex Changes on Cash	-1.37	0.16	0.00	0.00	0.00	0.00
Net Change in Cash	-6.83	3.15	-2.74	7.16	1.01	-0.31
Cash at Beginning of Period	9.17	5.85	8.59	1.43	0.42	0.73
Cash at End of Period	2.33	9.17	5.85	8.59	1.43	0.42
Free Cash Flow	17.37	-18.74	-50.29	-42.83	10.19	6.17
Supplemental Disclosures
Interest Paid	-	3.31	6.13	6.10	2.89	2.74
Income Taxes Paid	-	1.89	3.31	0.02	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About Neo-Concept International Group Holdings Cash Flow

What is Neo-Concept International Group Holdings's free cash flow?

Neo-Concept International Group Holdings generated free cash flow of HKD 17.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of HKD 21.37M minus HKD 4.01M of capital expenditures. Free cash flow equaled 12.7% of revenue.

How much does Neo-Concept International Group Holdings spend on capital expenditures?

Neo-Concept International Group Holdings spent HKD 4.01M on capital expenditures in fiscal 2025, compared with HKD 19.17M a year earlier. That equals 18.8% of operating cash flow.

Does Neo-Concept International Group Holdings pay dividends or buy back shares?

Neo-Concept International Group Holdings's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition