NASDAQ : TOP
TOP Financial Group Limited — Financial statements
Financials · Capital Markets · Singapore
Last price 14.32 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.77B
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Financial statements
TOP Financial Group Limited (TOP) reported revenue of 5.14M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 2.74M | 1.39M | 1.74M | 1.40M | 499.11K | 3.54K |
| Net Interest Income | 2.74M | 1.39M | 1.74M | 1.40M | 499.11K | 3.54K |
| Brokerage Commission | 1.36M | 2.22M | 1.83M | 3.39M | 4.31M | 4.29M |
| Trading & Principal Transactions | -136.88K | 692.50K | -613.91K | 2.85M | 4.59M | 2.51M |
| Other Revenue | 1.18M | 415.49K | 376.94K | 397.86K | 294.08K | 1.01M |
| Revenue | 5.14M | 4.72M | 3.33M | 8.04M | 9.70M | 7.82M |
| Salaries & Employee Benefits | 2.57M | 2.36M | 1.75M | 1.36M | 1.01M | 562.30K |
| Cost of Services Provided | 4.19M | 3.67M | 4.31M | 5.52M | 5.26M | 3.68M |
| Total Operating Expenses | 6.12M | 5.40M | 8.90M | 7.05M | 6.27M | 4.24M |
| Operating Income | -980.47K | -677.32K | -5.57M | 987.85K | 3.43M | 3.58M |
| Other Non-Operating Income (Expenses) | 1.00 | 1.00 | ||||
| EBT Excluding Unusual Items | -980.47K | -677.32K | -5.57M | 987.85K | 3.43M | 3.58M |
| Gain (Loss) on Sale of Investments | -500.00K | -500.00K | -256.42K | |||
| Pretax Income | -1.48M | -1.18M | -5.82M | 987.85K | 3.43M | 3.58M |
| Income Tax Expense | -274.93K | -1.78K | 146.10K | -63.69K | 31.52K | 88.65K |
| Earnings From Continuing Ops. | -1.21M | -1.18M | -5.97M | 1.05M | 3.40M | 3.49M |
| Minority Interest in Earnings | 5.01K | 4.72K | ||||
| Net Income | -1.20M | -1.17M | -5.97M | 1.05M | 3.40M | 3.49M |
| Net Income to Common | -1.20M | -1.17M | -5.97M | 1.05M | 3.40M | 3.49M |
| Shares Outstanding (Basic) | 31.67M | 7.41M | 7.41M | 6.46M | 6.83M | 6.00M |
| Shares Outstanding (Diluted) | 31.67M | 7.41M | 7.41M | 6.46M | 6.83M | 6.00M |
| EPS (Basic) | -0.04 | -0.16 | -0.81 | 0.16 | 0.50 | 0.58 |
| EPS (Diluted) | -0.04 | -0.16 | -0.81 | 0.16 | 0.50 | 0.58 |
| Free Cash Flow | -601.62K | 13.12M | -14.47M | 17.75M | -6.12M | 1.17M |
| Free Cash Flow Per Share | -0.02 | 1.77 | -1.95 | 2.75 | -0.90 | 0.20 |
| Operating Margin | -19.07% | -14.34% | -167.21% | 12.29% | 35.37% | 45.78% |
| Profit Margin | -23.35% | -24.79% | -179.30% | 13.08% | 35.05% | 44.64% |
| Free Cash Flow Margin | -11.70% | 277.79% | -434.76% | 220.88% | -63.10% | 14.97% |
| Effective Tax Rate | 0.92% | 2.48% | ||||
| Revenue as Reported | 5.14M | 4.72M | 3.33M | 8.04M | 9.70M | 7.82M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.90M | 12.99M | 12.23M | 25.92M | 15.97M | 6.20M |
| Short-Term Investments | 1.28M | 710.63K | 531.19K | 946.62K | 2.74M | 1.29M |
| Trading Asset Securities | 468.92K | |||||
| Accounts Receivable | 25.65M | 34.20M | 12.52M | 9.06M | 8.51M | 3.59M |
| Other Receivables | 99.71M | 11.75M | 12.31M | 4.73M | 8.87M | 20.29K |
| Property, Plant & Equipment | 2.25M | 2.67M | 703.69K | 518.19K | 638.79K | 663.95K |
| Goodwill | 26.19K | 26.19K | ||||
| Other Intangible Assets | 63.72K | 63.78K | 64.27K | 63.89K | 63.70K | 63.84K |
| Investments in Debt & Equity Securities | 3.15M | 3.15M | 4.62M | 2.74M | 1.00M | |
| Restricted Cash | 24.97M | 18.72M | 2.95M | 12.78M | 1.88M | 1.76M |
| Other Current Assets | 3.28M | 232.56K | ||||
| Long-Term Deferred Tax Assets | 43.53K | 43.37K | ||||
| Other Long-Term Assets | 2.22M | 1.50M | 882.78K | 414.53K | 614.72K | 296.53K |
| Total Assets | 171.56M | 86.06M | 46.80M | 57.64M | 40.28M | 13.88M |
| Accounts Payable | 49.44M | 48.86M | 10.98M | 10.26M | 3.54M | 3.31M |
| Accrued Expenses | 312.88K | 527.48K | 598.26K | 651.66K | 688.62K | 131.32K |
| Short-Term Debt | 637.21K | 637.75K | ||||
| Current Portion of Leases | 747.43K | 150.14K | 244.86K | |||
| Long-Term Leases | 1.27M | 836.75K | 270.87K | 64.83K | ||
| Long-Term Unearned Revenue | 2.48M | 53.26K | ||||
| Other Long-Term Liabilities | 6.14M | -50.00K | ||||
| Total Liabilities | 54.25M | 51.81M | 11.91M | 17.11M | 4.33M | 3.69M |
| Common Stock | 618.53K | 37.10K | 37.05K | 37.02K | 35.01K | 30.00K |
| Additional Paid-In Capital | 111.31M | 29.04M | 28.98M | 28.90M | 25.17M | 2.93M |
| Retained Earnings | 4.73M | 4.57M | 5.74M | 11.71M | 10.66M | 7.26M |
| Comprehensive Income & Other | 347.13K | 296.69K | 127.65K | -123.88K | 81.48K | -34.02K |
| Total Common Equity | 117.01M | 33.94M | 34.89M | 40.53M | 35.95M | 10.20M |
| Minority Interest | 300.88K | 301.43K | ||||
| Shareholders' Equity | 117.31M | 34.25M | 34.89M | 40.53M | 35.95M | 10.20M |
| Total Liabilities & Equity | 171.56M | 86.06M | 46.80M | 57.64M | 40.28M | 13.88M |
| Total Debt | 1.91M | 2.22M | 270.87K | 64.83K | 150.14K | 244.86K |
| Net Cash (Debt) | 8.27M | 11.48M | 12.49M | 27.27M | 18.56M | 7.24M |
| Net Cash Per Share | 0.26 | 1.55 | 1.69 | 4.22 | 2.72 | 1.21 |
| Filing Date Shares Outstanding | 123.71M | 8.71M | 7.41M | 7.41M | 7.00M | 7.01M |
| Total Common Shares Outstanding | 123.71M | 7.42M | 7.41M | 7.40M | 7.00M | 6.00M |
| Working Capital | 113.31M | 27.68M | 28.89M | 43.00M | 33.58M | 9.17M |
| Book Value Per Share | 0.95 | 4.58 | 4.71 | 5.47 | 5.14 | 1.70 |
| Tangible Book Value | 116.92M | 33.85M | 34.82M | 40.47M | 35.89M | 10.13M |
| Tangible Book Value Per Share | 0.95 | 4.56 | 4.70 | 5.47 | 5.13 | 1.69 |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -1.20M | -1.17M | -5.97M | 1.05M | 3.40M | 3.49M |
| Depreciation & Amortization, Total | 829.97K | 461.00K | 175.89K | 144.50K | 120.94K | 64.58K |
| Gain (Loss) On Sale of Investments | 367.72K | 349.83K | 279.88K | 8.14K | ||
| Stock-Based Compensation | 75.00K | 60.19K | 72.22K | 48.60K | 50.14K | |
| Change in Accounts Receivable | -3.76M | -21.15M | -5.99M | -696.21K | -4.93M | -899.70K |
| Change in Accounts Payable | 21.45M | 38.14M | -5.55M | 12.84M | 241.96K | 71.37K |
| Change in Other Net Operating Assets | -3.83M | -1.79M | 363.06K | 4.96M | -4.91M | -993.05K |
| Other Operating Activities | -1.52M | -393.92K | -832.72K | -705.48K | ||
| Operating Cash Flow | 307.11K | 14.02M | -14.47M | 17.76M | -6.03M | 1.58M |
| Capital Expenditures | -908.73K | -899.50K | -3.23K | -6.06K | -86.44K | -413.89K |
| Cash Acquisitions | 63.63K | -500.00K | -200.00K | |||
| Investment in Securities | 386.59K | 1.02M | -2.40M | -1.75M | -1.26M | |
| Other Investing Activities | 10.81M | -76.93K | ||||
| Investing Cash Flow | 8.79M | 1.28M | -9.36M | -1.28M | -6.54M | -413.89K |
| Long-Term Debt Issued | 685.05K | |||||
| Net Debt Issued (Repaid) | 685.05K | 685.05K | ||||
| Issuance of Common Stock | 4.39M | 22.65M | ||||
| Other Financing Activities | 305.74K | 305.74K | -150.00K | |||
| Financing Cash Flow | 990.79K | 990.79K | 4.39M | 22.50M | ||
| Foreign Exchange Rate Adjustments | 208.66K | 236.79K | 310.73K | -17.05K | -37.42K | -49.75K |
| Net Cash Flow | 10.30M | 16.53M | -23.52M | 20.85M | 9.89M | 1.12M |
| Free Cash Flow | -601.62K | 13.12M | -14.47M | 17.75M | -6.12M | 1.17M |
| Free Cash Flow Margin | -11.70% | 277.79% | -434.76% | 220.88% | -63.10% | 14.97% |
| Free Cash Flow Per Share | -0.02 | 1.77 | -1.95 | 2.75 | -0.90 | 0.20 |
| Cash Income Tax Paid | 713.00 | 25.65K | 103.32K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.37B | 30.70M | 45.94M | 98.83M | 196.28M | |
| Last Close Price | 11.11 | 4.14 | 6.20 | 13.35 | 28.00 | |
| PE Ratio | 93.99 | 57.77 | ||||
| PS Ratio | 267.31 | 6.50 | 13.80 | 12.30 | 20.25 | |
| PB Ratio | 11.75 | 0.90 | 1.32 | 2.44 | 5.46 | |
| P/FCF Ratio | 2.34 | 5.57 | ||||
| P/OCF Ratio | 4,475.23 | 2.19 | 5.57 | |||
| Debt / Equity Ratio | 0.02 | 0.07 | 0.01 | 0.00 | 0.00 | 0.02 |
| Debt / FCF Ratio | 0.17 | 0.00 | 0.21 | |||
| Net Debt / Equity Ratio | -0.07 | -0.34 | -0.36 | -0.67 | -0.52 | -0.71 |
| Net Debt / FCF Ratio | 13.74 | -0.88 | 0.86 | -1.54 | 3.03 | -6.18 |
| Asset Turnover | 0.04 | 0.07 | 0.06 | 0.16 | 0.36 | 0.65 |
| Quick Ratio | 2.68 | 1.17 | 3.23 | 3.77 | 8.23 | 3.01 |
| Current Ratio | 3.24 | 1.54 | 3.48 | 4.94 | 8.66 | 3.49 |
| Return on Equity (ROE) | -1.58% | -3.40% | -15.83% | 2.75% | 14.73% | 41.20% |
| Return on Assets (ROA) | -1.02% | -1.77% | -11.43% | 2.15% | 12.55% | 28.92% |
| Return on Invested Capital (ROIC) | -1.24% | -1.89% | -14.70% | 2.58% | 14.60% | 40.61% |
| Earnings Yield | -0.34% | -3.81% | -13.00% | 1.06% | 1.73% | |
| FCF Yield | -0.04% | 42.75% | -31.51% | 17.96% | -3.12% | |
| Buyback Yield / Dilution | -327.42% | -0.12% | -14.72% | 5.52% | -13.89% | |
| Total Shareholder Return | -327.42% | -0.12% | -14.72% | 5.52% | -13.89% |