AMTD AMTD IDEA GROUP

Overview and Growth

In fiscal 2025, AMTD IDEA GROUP recorded $101.22M of revenue, net income of $67.25M, and an operating cash inflow of $17.84M. Revenue of $101.22M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 25.8% from $80.46M in fiscal 2024, increasing the company’s operating scale. The company employed $2.30B of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.04x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After all reported below-operating-line items, the company recorded net income of $67.25M for the fiscal year. The final earnings result represented 66.4% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $68.82M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 68.0%, relating income before taxes directly to revenue. The reported income-tax provision was $1.57M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 2.3%, without assuming a statutory-rate comparison. Return on period-end equity was 3.8%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 2.9%, showing earnings relative to the full balance sheet. Against $53.58M in fiscal 2024, the current $67.25M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

The near-term balance sheet paired $1.43B of current assets with $162.41M of current liabilities at the reporting date. The current ratio was 8.83x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $51.07M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 31.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $562.33M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.32x, showing how much debt the company carried for each unit of book equity. Debt represented 24.4% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled 76.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 16.8%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 2.2%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 11.1% higher than fiscal 2024 assets of $2.07B, measuring the company’s own balance-sheet change. Against $1.70B of equity in fiscal 2024, the current book-equity balance moved 3.8% and ended higher. The reported cash balance changed 18.8% from $62.87M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

The company reported $17.84M of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 0.27x, showing the relationship between accrual earnings and operating cash. Capital spending was $746.00K, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 4.2% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $17.09M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 16.9%, showing how much sales converted into cash after investment. Free cash flow equaled 0.7% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.