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Annual figures as reported in 10-K / 20-F / 40-F filings.
TOP · CIK 0001848275

TOP FINANCIAL GROUP LIMITED

Annual figures as reported, FY2019–FY2026. 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 31 Emerging growth company
Revenue
$4.7M
▲ +41.9% vs FY2025
Net income
−$1.2M
▲ +80.4% vs FY2025
Free cash flow
$13.1M
▲ +190.7% vs FY2025
Diluted EPS
−$0.03
▲ +81.3% vs FY2025

Revenue

Annual, as reported

05M10M15M’20’22’24’26$4.7M

Net income

Losses shown in terracotta

−5M05M’20’22’24’26−$1.2M

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-100%0%’20’22’24’26
Operating marginNet margin

Returns on capital

Net income vs year-end equity and assets

0%25%50%’20’22’24’26
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−10M010M’23’24’25’26$13.1M

Operating cash flow

Net cash from operations

−10M010M’20’22’24’26$14.0M

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

010M20M30M’20’22’24’2637M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

020M40M’19’21’23’25’26$33.9M

Growth rates

compounding, annualized

Income statement

CAGR over 3, 5 and 10 years

-20%-15%-10%-5%0%Revenue CAGR3Y−21.3%5Y−22.5%

Cash flow & share count

FCF compounding; share count as total change

0%+5%+10%+15%+20%Share count change (split-adjusted, total)5Y+23.6%

Key ratios

derived per fiscal year
Fiscal yearOp. marginNet marginFCF marginROEROA
FY2026−24.9%−24.8%277.8%−3.4%−1.4%
FY2025−174.9%−179.3%−434.8%−17.1%−12.8%
FY2024—13.1%220.9%2.6%1.8%
FY2023—35.0%−63.1%9.5%8.4%
FY2022—44.6%—34.2%25.2%
FY2021—29.8%—74.7%49.1%
FY2020—15.4%—39.5%—
FY2019—————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2026$4.7M—−$1.2M−$1.2M−$0.03$14.0M$900K$86.1M$51.8M$33.9M$31.7M—
FY2025$3.3M—−$5.8M−$6.0M−$0.16−$14.5M$3K$46.8M$11.9M$34.9M$15.2M—
FY2024$8.0M——$1.1M$0.03$17.8M$6K$57.6M$17.1M$40.5M$38.7M—
FY2023$9.7M——$3.4M$0.10−$6.0M$86K$40.3M$4.3M$36.0M$17.8M—
FY2022$7.8M——$3.5M$0.12$1.6M—$13.9M$3.7M$10.2M$8.0M—
FY2021$16.9M——$5.0M$0.17$4.3M—$10.3M$3.5M$6.8M$6.8M—
FY2020$16.5M——$2.5M$0.08−$938K———$6.4M$4.9M—
FY2019—————————$4.5M$6.3M—

Latest filings

the most recent regulatory filings
10-QQUARTERLY REPORT2026-08-17 ↗NT 10-QNOTIFICATION OF LATE FILING2026-08-17 ↗8-KCURRENT REPORT2026-08-04 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗3Insider ownership filing2026-07-31 ↗

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