NCI

Hong Kong, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (“NCI” or the “Company”) (NASDAQ: NCI), today announced its unaudited financial results for the six months ended June 30, 2025. Overview: Revenue was approximately HK$60.2 million (US$7.7 million) for the six months ended June 30, 2025, representing a decrease of approximately 24.0% from the same period in 2024. Net income was approximately HK$2.0 million (US$0.3 million) for the six months ended June 30, 2025 (2024: net income approximately HK$1.4 million). Six Month Financial Results Ended June 30, 2025 Revenue. Revenue decreased by approximately 24.0% from approximately HK$79.3 million for the six months ended June 30, 2024 to approximately HK$60.2 million (approximately US$7.7 million) for the six months ended June 30, 2025. The decrease was mainly caused by the decrease in sales of private-labelled apparel products in by 51.7% to HKD32.7million (approximately US$4.2 million) for the six months ended June 30, 2025, from HKD67.7 million for the six months ended June 30, 2024 as it impacted from the custom policy between China and United State of America (“USA”) which led to decrease in demand in the sales in USA. The decrease in sales of private-labelled apparel products was offset by the increase in retail sales of owned-branded apparel products, which increased by approximately 138.8% to approximately HK$27.5 million (approximately US$3.5 million) for the six months ended June 30, 2025 from approximately HK$11.5 million for the six months ended June 30, 2024 as new shops was established in late of 2024. Selling, general and administrative expenses. Selling, general and administrative expenses increased by approximately 48.33% from approximately HK$15.9 million for the six months ended June 30, 2024 to approximately HK$23.5 million (US$3.0 million) for the six months ended June 30, 2025, which was mainly due to (i) increase in staff costs from increase in payroll to our staff and fees to our independent directors; (ii) increase legal and professional fee for maintenance of Nasdaq listing and (iii) amortization on the trade mark acquired in May 2024.. Other income, net. Other income representing agency fee received decreased approximately 47.1% from HK$2.4 million for the six months ended June 30, 2024 to HK$1.2 million (approximately US$0.2 million) for the six...