Neo-Concept International Group Holdings (NCI), Friday reported revenue of HK$60.2 million for the six months ended June 30, 2025, down 24 percent from HK$79.3 million a year earlier, mainly due to a 51.7 percent drop in private-label apparel sales amid U.S.-China customs-related demand weakness.
This decline was partly offset by a 138.8 percent surge in owned-brand retail sales to HK$27.5 million following new store openings.
Net income increased to HK$2.0 million from HK$1.4 million, driven by higher gross profit. EPS were HK$0.50, up from HK$0.37 in the prior-year period.
Selling, general and administrative expenses rose 48.33 percent to HK$23.5 million, while other income fell 47.1 percent to HK$1.2 million due to reduced U.K.-related agency activity. Income tax expense was HK$0.9 million versus nil last year.
NCI is currently trading at $1.01, up $0.01 or 1.00 percent on the Nasdaq.
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