NASDAQ : TWG
Top Wealth Group Holding Limited — Financial statements
Consumer Staples · Food Distribution · Hong Kong
Last price 3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.88M
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Financial statements
Top Wealth Group Holding Limited (TWG) reported revenue of 11.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 11.12M | 9.13M | 4.75M | 16.94M | 8.51M | 19.61K |
| Cost of Revenue | 3.06M | 2.32M | 3.75M | 11.56M | 4.31M | 4.31K |
| Gross Profit | 8.07M | 6.81M | 1.00M | 5.39M | 4.20M | 15.30K |
| Selling, General & Admin | 4.47M | 3.62M | 3.02M | 2.34M | 1.92M | 32.19K |
| Operating Expenses | 4.47M | 3.62M | 3.02M | 2.34M | 1.92M | 32.19K |
| Operating Income | 3.60M | 3.19M | -2.02M | 3.05M | 2.28M | -16.89K |
| Other Non Operating Income (Expenses) | -1.00 | 87.00 | 2.00 | |||
| Pretax Income | 3.60M | 3.19M | -2.02M | 3.05M | 2.28M | -16.89K |
| Income Tax Expense | 607.15K | 362.59K | -5.89K | |||
| Net Income | 3.60M | 3.19M | -2.02M | 2.44M | 1.92M | -10.99K |
| Net Income to Common | 3.60M | 3.19M | -2.02M | 2.44M | 1.92M | -10.99K |
| Free Cash Flow | -8.63M | -6.19M | -15.00M | -863.62K | -360.91K | 792.00 |
| Gross Margin | 72.52% | 74.59% | 21.11% | 31.80% | 49.37% | 78.01% |
| Operating Margin | 32.33% | 34.94% | -42.54% | 17.97% | 26.79% | -86.10% |
| Profit Margin | 32.33% | 34.94% | -42.54% | 14.39% | 22.53% | -56.05% |
| Free Cash Flow Margin | -77.61% | -67.85% | -315.98% | -5.10% | -4.24% | 4.04% |
| EBITDA | 3.66M | 3.25M | -1.96M | 3.28M | 2.45M | -14.40K |
| EBITDA Margin | 32.89% | 35.62% | -41.24% | 19.35% | 28.82% | -73.43% |
| D&A For EBITDA | 62.47K | 61.88K | 61.88K | 233.66K | 173.22K | 2.48K |
| EBIT | 3.60M | 3.19M | -2.02M | 3.05M | 2.28M | -16.89K |
| EBIT Margin | 32.33% | 34.94% | -42.54% | 17.97% | 26.79% | -86.10% |
| Effective Tax Rate | 19.94% | 15.90% | ||||
| Advertising Expenses | 100.00K | 178.85K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 295.26K | 2.39M | 42.38K | 134.35K | 217.38K | 1.39K |
| Cash & Short-Term Investments | 295.26K | 2.39M | 42.38K | 134.35K | 217.38K | 1.39K |
| Accounts Receivable | 14.29M | 9.25M | 1.56M | 5.97M | 40.25K | 29.00 |
| Other Receivables | 501.73K | 480.93K | ||||
| Receivables | 14.79M | 9.73M | 1.56M | 5.97M | 103.98K | 561.00 |
| Inventory | 8.91M | 3.55M | 153.21K | 2.07M | 249.33K | |
| Prepaid Expenses | 8.37M | 1.13M | 1.57M | 274.42K | ||
| Other Current Assets | 1.41M | 648.66K | 605.98K | 595.06K | 586.10K | |
| Total Current Assets | 33.78M | 17.44M | 3.78M | 7.13M | 2.98M | 251.27K |
| Property, Plant & Equipment | 105.95K | 158.58K | 72.66K | 174.96K | 439.27K | 82.58K |
| Long-Term Deferred Tax Assets | 44.25K | 44.25K | 44.25K | 44.25K | 13.72K | 5.89K |
| Other Long-Term Assets | 11.79M | 11.79M | 15.89M | |||
| Total Assets | 94.95M | 29.43M | 19.78M | 7.35M | 3.43M | 339.75K |
| Accounts Payable | 969.55K | 472.25K | 200.61K | |||
| Accrued Expenses | 265.38K | 320.95K | 212.59K | 425.67K | 60.44K | 36.96K |
| Short-Term Debt | 147.65K | 147.18K | 140.56K | 937.98K | 217.78K | 327.38K |
| Current Portion of Leases | 12.05K | 50.69K | 40.42K | 53.31K | 20.58K | |
| Current Income Taxes Payable | 542.13K | 644.69K | 811.36K | 992.27K | 370.42K | |
| Total Current Liabilities | 1.94M | 1.64M | 1.16M | 2.40M | 902.55K | 384.92K |
| Long-Term Leases | 35.23K | 35.23K | 17.76K | 1.76K | ||
| Total Liabilities | 1.97M | 1.67M | 1.16M | 2.40M | 920.32K | 386.68K |
| Common Stock | 205.87K | 14.35K | 5.60K | 2.70K | 2.70K | 1.00 |
| Additional Paid-In Capital | 84.48M | 22.27M | 16.33M | 641.01K | 638.33K | 12.00 |
| Retained Earnings | 8.29M | 5.48M | 2.29M | 4.31M | 1.87M | -46.95K |
| Shareholders' Equity | 92.97M | 27.76M | 18.62M | 4.95M | 2.51M | -46.93K |
| Total Liabilities & Equity | 94.95M | 29.43M | 19.78M | 7.35M | 3.43M | 339.75K |
| Total Debt | 194.93K | 233.10K | 140.56K | 978.40K | 288.86K | 349.72K |
| Net Cash (Debt) | 100.32K | 2.15M | -98.18K | -844.05K | -71.47K | -348.33K |
| Filing Date Shares Outstanding | 227.47K | 227.47K | 3.22K | |||
| Total Common Shares Outstanding | 227.47K | 14.67K | 3.00K | |||
| Working Capital | 31.84M | 15.80M | 2.61M | 4.73M | 2.08M | -133.65K |
| Book Value Per Share | 408.74 | 1,892.78 | 1,650.88 | |||
| Tangible Book Value | 43.74M | 27.76M | 18.62M | 4.95M | 2.51M | -46.93K |
| Tangible Book Value Per Share | 192.31 | 1,892.78 | 1,650.88 | |||
| Machinery | 104.29K | 104.29K | 104.29K | 104.29K | 62.72K | |
| Leasehold Improvements | 439.60K | 439.60K | 439.60K | 439.60K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.60M | 3.19M | -2.02M | 2.44M | 1.92M | -10.99K |
| Depreciation & Amortization | 31.53K | 61.88K | 233.66K | 173.22K | 2.48K | |
| Stock-Based Compensation | 1.66M | 1.66M | ||||
| Other Operating Activities | 1.50M | -30.52K | -7.83K | -5.89K | ||
| Change in Accounts Receivable | -8.89M | -7.69M | 4.41M | -5.93M | -40.22K | -29.00 |
| Change in Inventory | -2.51M | -3.55M | -1.35M | 1.92M | -1.82M | -249.33K |
| Change in Accounts Payable | 969.55K | 472.25K | -200.61K | 200.61K | ||
| Change in Income Taxes | -217.95K | -166.67K | -180.91K | 621.85K | 370.42K | |
| Change in Other Net Operating Assets | -3.28M | -117.19K | -1.54M | 87.90K | -671.32K | 327.27K |
| Operating Cash Flow | -8.63M | -6.19M | 887.55K | -863.62K | 120.26K | 63.52K |
| Capital Expenditures | -15.89M | -481.17K | -62.72K | |||
| Sale of Property, Plant & Equipment | 4.10M | 4.10M | ||||
| Investing Cash Flow | 4.10M | 4.10M | -15.89M | -481.17K | -62.72K | |
| Short-Term Debt Issued | 147.18K | 777.89K | ||||
| Total Debt Issued | 147.65K | 147.18K | 777.89K | |||
| Short-Term Debt Repaid | -777.89K | |||||
| Total Debt Repaid | -777.89K | |||||
| Net Debt Issued (Repaid) | 147.65K | 147.18K | -777.89K | 777.89K | ||
| Issuance of Common Stock | 4.67M | 4.29M | 15.69M | 576.91K | 12.00 | |
| Repurchase of Common Stock | -10.00 | |||||
| Other Financing Activities | 2.70K | |||||
| Financing Cash Flow | 4.82M | 4.44M | 14.91M | 780.58K | 576.91K | 12.00 |
| Net Cash Flow | 281.63K | 2.34M | -91.97K | -83.03K | 216.00K | 804.00 |
| Free Cash Flow | -8.63M | -6.19M | -15.00M | -863.62K | -360.91K | 792.00 |
| Free Cash Flow Margin | -77.61% | -67.85% | -315.98% | -5.10% | -4.24% | 4.04% |
| Levered Free Cash Flow | -21.65M | -7.25M | -14.22M | -1.31M | -800.13K | |
| Unlevered Free Cash Flow | -21.65M | -7.25M | -14.22M | -1.31M | -800.13K | |
| Cash Income Tax Paid | 166.67K | 166.67K | 180.91K | 15.82K | ||
| Change in Working Capital | -13.92M | -11.04M | 1.34M | -3.50M | -1.96M | 77.92K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.88M | 2.46M | 8.02M | |||
| Enterprise Value | 1.78M | 2.76M | 8.86M | |||
| Last Close Price | 3.00 | 329.00 | 2,487.60 | |||
| PE Ratio | 0.10 | 0.77 | ||||
| PS Ratio | 0.17 | 0.27 | 1.69 | |||
| PB Ratio | 0.01 | 0.09 | 0.43 | |||
| P/TBV Ratio | 0.04 | 0.09 | 0.43 | |||
| P/OCF Ratio | 9.03 | |||||
| EV/Sales Ratio | 0.16 | 0.30 | 1.87 | |||
| EV/EBITDA Ratio | 0.49 | 0.85 | ||||
| EV/EBIT Ratio | 0.50 | 0.86 | ||||
| Debt / Equity Ratio | 0.00 | 0.01 | 0.01 | 0.20 | 0.12 | -7.45 |
| Debt / EBITDA Ratio | 0.05 | 0.07 | 0.29 | 0.12 | ||
| Debt / FCF Ratio | 441.56 | |||||
| Net Debt / Equity Ratio | -0.00 | -0.08 | 0.01 | 0.17 | 0.03 | -7.42 |
| Net Debt / EBITDA Ratio | -0.03 | -0.66 | -0.05 | 0.26 | 0.03 | -24.18 |
| Net Debt / FCF Ratio | 0.01 | 0.35 | -0.01 | -0.98 | -0.20 | 439.82 |
| Asset Turnover | 0.19 | 0.37 | 0.35 | 3.14 | 4.51 | |
| Inventory Turnover | 1.31 | 48.89 | 10.39 | 3.71 | ||
| Quick Ratio | 7.79 | 7.41 | 1.38 | 2.55 | 0.28 | 0.00 |
| Current Ratio | 17.44 | 10.66 | 3.25 | 2.98 | 3.30 | 0.65 |
| Return on Equity (ROE) | 6.31% | 13.76% | -17.13% | 65.33% | 155.60% | |
| Return on Assets (ROA) | 3.84% | 8.10% | -9.30% | 35.31% | 75.57% | |
| Return on Invested Capital (ROIC) | 3.87% | 14.39% | -16.48% | 58.19% | 151.12% | |
| Return on Capital Employed (ROCE) | 3.90% | 11.50% | -10.80% | 61.50% | 90.10% | 37.40% |
| Earnings Yield | 1,007.96% | 129.87% | -25.20% | |||
| FCF Yield | -458.63% | -252.18% | -187.16% |