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TOP · CIK 0001848275

TOP FINANCIAL GROUP LIMITED

Annual figures as reported, FY2019–FY2025. Ratios and growth rates derived on-page.

TOP logo
Security & Commodity Brokers, Dealers, Exchanges & Services
Company profile
Nasdaq · TOPHQ SingaporeIncorporated in E9Fiscal year ends Mar 31Non-accelerated filer Emerging growth company
Revenue
$3.3M
▼ −58.6% vs FY2024
Net income
−$6.0M
▼ −667.7% vs FY2024
Free cash flow
−$14.5M
▼ −181.5% vs FY2024
Diluted EPS
−$0.16
▼ −633.3% vs FY2024

Revenue

Annual, as reported

05M10M15M’20’21’22’23’24’25$3.3M

Net income

Losses shown in terracotta

−5M05M’20’21’22’23’24’25−$6.0M

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-100%0%’20’21’22’23’24’25

Returns on capital

Net income vs year-end equity and assets

0%25%50%’20’21’22’23’24’25
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−10M010M’23’24’25−$14.5M

Operating cash flow

Net cash from operations

−10M010M’20’21’22’23’24’25−$14.5M

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

010M20M30M’20’21’22’23’24’2537M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

020M40M’19’21’23’25$34.9M

Growth rates

compounding, annualized
Revenue CAGR
−24.8%
3y
−27.4%
5y
Share count change (split-adjusted)
+23.4%
5y

Key ratios

derived per fiscal year
Fiscal yearNet marginFCF marginROEROA
FY2025−179.3%−434.8%−17.1%−12.8%
FY202413.1%220.9%2.6%1.8%
FY202335.0%−63.1%9.5%8.4%
FY202244.6%—34.2%25.2%
FY202129.8%—74.7%49.1%
FY202015.4%—39.5%—
FY2019————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2025$3.3M——−$6.0M−$0.16−$14.5M$3K$46.8M$11.9M$34.9M$12.2M—
FY2024$8.0M——$1.1M$0.03$17.8M$6K$57.6M$17.1M$40.5M$25.9M—
FY2023$9.7M——$3.4M$0.10−$6.0M$86K$40.3M$4.3M$36.0M$16.0M—
FY2022$7.8M——$3.5M$0.12$1.6M—$13.9M$3.7M$10.2M$6.2M—
FY2021$16.9M——$5.0M$0.17$4.3M—$10.3M$3.5M$6.8M$4.9M—
FY2020$16.5M——$2.5M$0.08−$938K———$6.4M$3.6M—
FY2019—————————$4.5M$6.3M—

Latest filings

the most recent regulatory filings
NT 10-KNOTIFICATION OF LATE FILING2026-06-30 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-06-23 ↗424B5PROSPECTUS SUPPLEMENT2026-06-23 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-06-22 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-05-29 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-05-12 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-05-11 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-05-04 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-03-26 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-01-20 ↗

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