Future World Financial Holdings Ltd

SEHK:572

Hong Kong / Financials / Capital Markets

Overview

Dividends

5Y Historical Financials

Stock Price

0.49 HKD


Key Metrics	Latest
Total Revenue	84.458 M
Adjusted EBITDA	68.086 M
EBITDA Margin	80.6%
Net Profit Margin	42.6%
Total Assets	1.668 B
Total Debt	442.9 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	221.59	81.88	47.17	34.42	84.46	84.46	34.42	84.46
% Growth		(0.63)	(0.42)	(0.27)	1.45			1.45

Adjusted EBITDA	(3.12)	(11.49)	(23.90)	(4.17)	68.09	68.09	(4.17)	68.09
% Margin	(0.01)	(0.14)	(0.51)	(0.12)	0.81	0.81	(0.12)	0.81

Adjusted EBIT	(4.09)	(12.27)	(24.25)	(4.54)	67.71	67.71	(4.54)	67.71
% Margin	(0.02)	(0.15)	(0.51)	(0.13)	0.80	0.80	(0.13)	0.80

Adjusted Net Income	(30.43)	(26.65)	(37.79)	(66.33)	35.98	35.98	(66.33)	35.98
% Margin	(0.14)	(0.33)	(0.80)	(1.93)	0.43	0.43	(1.93)	0.43

Adjusted Basic EPS	(0.81)	(0.65)	(0.42)	(0.44)	0.16	0.16	(0.44)	0.16

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Press Release
HKD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	222	82	47	34	84	84	34	84
% Growth	NA	-63.0%	-42.4%	-27.0%	145.3%			145.3%

Cost of Revenue	(167)	(51)	(32)	(8)	(31)	(31)	(8)	(31)
Gross Profit	54	31	15	27	53	53	27	53
% Revenue	24.6%	37.4%	31.4%	77.7%	63.1%	63.1%	77.7%	63.1%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	(5)	(1)	(1)	(0)	(1)	(1)	(0)	(1)
General and Admin	(55)	(42)	(39)	(31)	(52)	(52)	(31)	(52)
Other Inc / (Exp)	(1)	10	18	(129)	60	60	(129)	60
Total Operating Exp	(60)	(32)	(21)	(160)	7	7	(160)	7

Operating Income	(5)	(2)	(6)	(133)	60	60	(133)	60
% Revenue	-2.4%	-2.2%	-13.1%	-387.0%	70.9%	70.9%	-387.0%	70.9%

Interest Expense	(21)	(17)	(14)	(18)	(24)	(24)	(18)	(24)
Pre-tax Income	(27)	(19)	(20)	(151)	36	36	(151)	36
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(5)	0	5	(2)	(23)	(23)	(2)	(23)
Net Income to Company	(31)	(19)	(16)	(153)	13	13	(153)	13
% Margin	-14.1%	-22.9%	-33.1%	-443.1%	15.8%	15.8%	-443.1%	15.8%

Minority Interest in Earnings	(7)	11	9	1	0	0	1	0
Net Income to Stockholders	(38)	(8)	(7)	(152)	13	13	(152)	13

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	(38)	(8)	(7)	(152)	13	13	(152)	13
% Margin	-17.1%	-9.3%	-14.9%	-440.8%	16.0%	16.0%	-440.8%	16.0%

As Reported
Basic EPS (Continuing Ops)	(1.02)	(0.18)	(0.08)	(1.01)	0.06	0.06	(1.01)	0.06
Diluted EPS (Continuing Ops)	(1.02)	(0.18)	(0.08)	(1.01)	0.06	0.06	(1.01)	0.06

WA Basic Shares Out.	37.42	41.32	89.03	149.78	224.90	224.90	149.78	224.90
WA Diluted Shares Out.	37.42	41.32	89.03	149.78	224.90	224.90	149.78	224.90

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(27)	(19)	(20)	(151)	36	36	(151)	36
Addback: Net Interest Expense	21	17	14	18	24	24	18	24
Addback: Other Non Operating Expenses, Total	0	0	12	12	(23)	(23)	12	(23)
Addback: Depreciation & Amortization	1	1	0	0	0	0	0	0
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(0)	(0)	(42)	53	0	0	53	0
Addback: Gain (Loss) On Sale Of Assets	(1)	(0)	(0)	(5)	1	1	(5)	1
Addback: Asset Writedown	3	(10)	13	69	30	30	69	30
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	(1)	(0)	(1)	(0)	0	0	(0)	0
Adjusted EBITDA	(3)	(11)	(24)	(4)	68	68	(4)	68
% Margin	-1.4%	-14.0%	-50.7%	-12.1%	80.6%	80.6%	-12.1%	80.6%

Adjusted EBIT	(4)	(12)	(24)	(5)	68	68	(5)	68
% Margin	-1.8%	-15.0%	-51.4%	-13.2%	80.2%	80.2%	-13.2%	80.2%

Adjusted Net Income Reconciliation
Net Income to Company	(31)	(19)	(16)	(153)	13	13	(153)	13
Addback: Unusual Items	1	(11)	(30)	116	31	31	116	31
Less: Tax Benefit of Unusual Items (26%)	(0)	3	8	(30)	(8)	(8)	(30)	(8)
Adjusted Net Income	(30)	(27)	(38)	(66)	36	36	(66)	36
% Margin	-13.7%	-32.6%	-80.1%	-192.7%	42.6%	42.6%	-192.7%	42.6%

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Future World Financial Holdings Ltd

SEHK:572

Hong Kong / Financials / Capital Markets

5Y Historical Financials