AMTD Digital (HKD) financial statements
AMTD Digital reported revenue of $50M in fiscal 2025, up 14.7% a year over 5 years.
Net income was $97M and the operating margin 2.2%, against -0.2% in 2021.
Free cash flow was $14M.
The diluted share count rose 134% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AMTD Digital's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $25M | $25M | $33M | $12M | $23M | $50M |
| Selling, general and admin | $674,000 | $741,000 | $996,000 | — | $58,000 | — |
| Operating income | -$39,000 | $609,000 | $153,000 | — | $37M | $1M |
| Interest expense | $0 | $0 | $1M | — | — | — |
| Pre-tax income | $25M | $29M | $45M | — | $42M | $99M |
| Income tax | $3M | $3M | $4M | — | $785,000 | $2M |
| Net income | $22M | $26M | $41M | -$3M | $42M | $97M |
| EPS (diluted) | $0.43 | $0.41 | $0.57 | — | $0.58 | $0.44 |
| Diluted shares | 53M | 74M | 74M | — | 77M | 124M |
| Operating margin | -0.2% | 2.4% | 0.5% | — | 162.2% | 2.2% |
| Net margin | 87.7% | 102.3% | 123.4% | -22.3% | 182.7% | 193.7% |
Balance sheet
Fiscal years, from AMTD Digital's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $54M | $14M | $153M | $135M | $61M | $46M |
| Receivables | $9M | $5M | $10M | $934,000 | $7M | $12M |
| Total current assets | $342M | $379M | $320M | $451M | $85M | $321M |
| Property, plant and equipment | $20,000 | $16,000 | $134M | $70M | $274M | $293M |
| Goodwill | $8M | $7M | $0 | — | — | — |
| Total assets | $395M | $411M | $484M | $537M | $503M | $955M |
| Total current liabilities | $17M | $14M | $140M | $159M | $163M | $167M |
| Total liabilities | $22M | $15M | $141M | $159M | $344M | $352M |
| Shareholders' equity | $369M | $393M | $337M | $387M | $18M | $264M |
| Net debt | -$54M | -$14M | -$153M | -$69M | $197M | $214M |
Cash flow
Fiscal years, from AMTD Digital's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $10M | $16M | — | $4M | $14M |
| Capital spending | $22,000 | $6,000 | $2,000 | — | $159,000 | $60,000 |
| Free cash flow | $11M | $10M | $15M | — | $4M | $14M |
| Stock-based compensation | $120,000 | $1M | $244,000 | — | $86,000 | — |
| Share buybacks (net) | — | — | -$319M | — | — | — |
| Net borrowing | $0 | $0 | -$50M | — | -$10M | -$10M |
| Free cash flow margin | 42.2% | 40.5% | 46.9% | — | 17.9% | 28.6% |
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Open HKD in InvestinglyQuestions
What was AMTD Digital's revenue in 2025?
$50M in fiscal 2025, from its 10-K filing.
How much free cash flow does AMTD Digital generate?
$14M in fiscal 2025 (operating cash flow minus capital spending).
From AMTD Digital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.