TOP · NASDAQ · Financial - Capital Markets

Financial Group (TOP) (TOP)

Provides online futures and stock brokerage through third-party trading platforms.

$15.29
At close−0.22 (−1.42%)
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TOP Financial Group LimitedTOPFinancials

Online brokerage services in Hong Kong center on futures and stock trading. Revenue depends on client commissions and fees, while third-party platforms support both services.

Operating subsidiaries provide online futures brokerage and stock brokerage in Hong Kong. Futures trading uses the licensed Esunny platform, while stock brokerage uses the licensed Longbridge platform. The group also reports trading-solution-service revenue alongside futures brokerage commission income.

Client commissions and fees from futures trading provide a significant share of revenue. The Cayman holding company is managed from Singapore, but its financial-services operations are conducted in Hong Kong. The business depends on client trading activity and access to licensed third-party platforms. The holding company's Class A ordinary shares began trading on the Nasdaq Capital Market in 2022.

Company facts

CEOKa Fai Yuen
ListedJun 1, 2022
ExchangeNASDAQ
HeadquartersSingapore, Singapore
CountryHong Kong
Employees18
CIK0001848275
ISINKYG989A61102

Market cap$112.7M
EPS (ttm)−$0.1579
P/E (ttm)−96.26
ROE-3.4%
P/B3.32
P/S23.86
Dividend yieldDiv yield
Beta0.86vs XLF 0.76

No analyst consensus on record.

EPSReportedEstimate

Jun '24Jun '24Sep '24Mar '25Nov '25Jul '26Aug '26Aug '26
Reported−$0.07−$0.36−$0.01−$0.15$0.03−$0.18−$0.18−$0.02
Estimate
Surprise

RevenueReportedEstimate

Jun '24Jun '24Sep '24Mar '25Nov '25Jul '26Aug '26Aug '26
Reported$887.8K$887.8K$1.8M$1.5M$2.9M$1.9M$1.9M$1.9M
Estimate
Surprise
Estimate
Reported−$0.02
Estimate
Reported$1.9M
View details

Debt to equity8.40%
Current ratio157.20%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$5.2M$4.5M$7.1M$887.8K$1.8M$1.5M$2.9M$1.9M
Net income$1.8M$1.6M$3.7M−$2.6M−$450.4K−$5.5M$190.5K−$1.4M
Net margin35.6%34.4%51.3%0.0%0.0%0.0%6.6%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income$1.8M$3.2M$2.8M−$1.4M$580.3K−$6.1M$190.5K−$867.9K
YoY growth+102.2%+19.9%+51.6%−144.5%−79.2%−67.2%

Balance sheet, Mar 31, 2026Cash & short-term investments $13.0M · Total debt $2.9M · Total assets $86.1M · Shareholders' equity $33.9M

Revenue
$1.9M
Operating income
−$867.9K
Net income
−$1.4M
View details

No dividends on record.

Institutions6 holders · as of Mar 31, 20260.44%32.6K ADS
Insiders5 holders · as of Jul 31, 202615.19%1.13M ADS
Otherremainder84.37%6.26M ADS

7.42M ADS (1 ADS = 5 ordinary shares) as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count is from the company's Mar 2024 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Junli YangInsiderdirector, 10 percent owner, officer: DIRECTOR & CHAIRWOMAN
14.47%3.36M ordinary · 2.00M ordinaryForm 4filed Jul 31, 2026
Yung Yung LoInsiderofficer: CFO
0.65%242,400 ordinaryForm 4filed Jul 31, 2026
Renaissance Technologies LLCInstitution
0.13%48,700 ADS13Fas of Mar 31, 2026
Virtu Financial LLCInstitution
0.10%38,505 ADS13Fas of Mar 31, 2026
UBS Group AGInstitution
0.08%29,624 ADS13Fas of Mar 31, 2026
See all 11

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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Financial Group (TOP)$15.29−1.42%$112.7M23.9
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