F 
Forward Fashion (International) Holdings Co 2528.HK · HKD
Consumer Discretionary · HKEX · 🇭🇰 Hong Kong
0.61
0.00%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in HKD, from our data supplier.
Revenue
HK$870.2m
FY2016FY2025
Net income
HK$57.7m
FY2016FY2025
Free cash flow
HK$166.8m
FY2016FY2025
Shareholders' equity
HK$212.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$870.2m | HK$938.3m | HK$1.01bn | HK$959.9m | HK$1.23bn | HK$884.5m | HK$1.51bn | HK$1.34bn | HK$1.07bn | HK$950.1m |
| Gross profit | HK$413.9m | HK$420.8m | HK$467.8m | HK$454.2m | HK$651.1m | HK$396.3m | HK$787.9m | HK$730.4m | HK$590.0m | HK$495.3m |
| Operating income | HK$79.1m | −HK$68.7m | HK$117,000 | −HK$15.9m | HK$67.6m | −HK$215.6m | HK$80.5m | HK$151.4m | HK$98.8m | HK$32.8m |
| Net income | HK$57.7m | −HK$76.9m | −HK$16.9m | −HK$33.1m | HK$32.2m | −HK$131.1m | HK$37.2m | HK$103.9m | HK$60.8m | HK$7.9m |
| Diluted earnings per share | 0.14 | -0.19 | -0.04 | -0.08 | 0.08 | -0.33 | 0.09 | 0.26 | 0.15 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$673.3m | HK$822.4m | HK$912.2m | HK$910.5m | HK$1.13bn | HK$1.28bn | HK$1.31bn | HK$1.22bn | HK$1.05bn | HK$1.02bn |
| Cash and short-term investments | HK$95.9m | HK$82.5m | HK$119.6m | HK$137.9m | HK$212.1m | HK$299.7m | HK$72.6m | HK$85.7m | HK$84.7m | HK$46.2m |
| Total liabilities | HK$476.1m | HK$691.2m | HK$693.5m | HK$668.9m | HK$829.7m | HK$1.02bn | HK$1.07bn | HK$1.02bn | HK$937.0m | HK$942.3m |
| Debt | HK$163.8m | HK$311.5m | HK$265.6m | HK$252.2m | HK$555.6m | HK$464.6m | HK$657.3m | HK$594.1m | HK$577.5m | HK$591.1m |
| Shareholders' equity | HK$212.8m | HK$149.1m | HK$228.8m | HK$249.0m | HK$304.5m | HK$268.0m | HK$238.7m | HK$204.9m | HK$117.7m | HK$79.9m |
| Shares outstanding | 400m | 400m | 400m | 400m | 400m | 400m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$198.3m | HK$120.2m | HK$220.0m | HK$230.2m | HK$214.0m | HK$382.4m | HK$338.9m | HK$296.3m | HK$321.0m | HK$255.5m |
| Capital spending | −HK$31.5m | −HK$38.0m | −HK$57.8m | −HK$67.9m | −HK$42.3m | −HK$33.0m | −HK$126.2m | −HK$93.9m | −HK$49.1m | −HK$77.0m |
| Free cash flow | HK$166.8m | HK$82.2m | HK$162.2m | HK$162.3m | HK$171.7m | HK$349.4m | HK$212.7m | HK$202.5m | HK$271.9m | HK$178.5m |
| Dividends paid | — | — | — | — | — | −HK$20.0m | −HK$973,000 | −HK$11.3m | −HK$30.0m | −HK$38.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$418.2m | HK$426.5m | HK$443.6m | HK$470.0m | HK$235.0m | HK$468.4m | HK$234.2m | HK$502.4m |
| Gross profit | HK$217.1m | HK$192.4m | HK$221.5m | HK$218.8m | HK$109.4m | HK$202.0m | HK$101.0m | HK$232.4m |
| Operating income | HK$46.2m | HK$56.7m | HK$22.4m | −HK$20.7m | −HK$10.4m | −HK$45.1m | −HK$22.5m | −HK$5.8m |
| Net income | HK$40.8m | HK$49.3m | HK$8.4m | −HK$26.1m | −HK$13.1m | −HK$50.8m | −HK$25.4m | −HK$10.6m |
| Diluted earnings per share | 0.10 | 0.12 | 0.02 | -0.07 | -0.03 | -0.13 | -0.06 | -0.03 |
| Cash from operations | HK$132.0m | HK$124.0m | HK$77.0m | HK$86.0m | — | HK$33.0m | HK$16.0m | HK$108.0m |
| Capital spending | −HK$23.0m | −HK$18.0m | −HK$12.0m | −HK$25.0m | — | −HK$12.0m | −HK$6.0m | −HK$29.0m |
| Free cash flow | HK$109.0m | HK$106.0m | HK$65.0m | HK$61.0m | — | HK$21.0m | HK$10.0m | HK$79.0m |
| Total assets | HK$606.7m | HK$673.3m | HK$719.1m | HK$822.4m | HK$822.4m | HK$822.4m | HK$822.4m | HK$912.2m |
| Cash and short-term investments | HK$117.0m | HK$95.9m | HK$103.8m | HK$82.5m | HK$82.5m | HK$95.7m | HK$95.7m | HK$136.0m |
| Debt | HK$61.1m | HK$108.2m | HK$365.2m | HK$414.1m | HK$163.4m | HK$169.1m | HK$141.1m | HK$265.6m |
| Shareholders' equity | HK$261.4m | HK$212.8m | HK$155.7m | HK$149.1m | HK$149.1m | HK$177.1m | HK$177.1m | HK$228.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | 0.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.2% | 46.5% | 47.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 1.9 | -1.1 | -7.0 | -4.6 | 11.7 | -3.6 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2020.
| FY2020 | |
|---|---|
| Paid in the year | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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