$FEBO

Fenbo Holdings Ltd

CIK:0001957001|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Loss) $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2025 HKD ($) $ / shares shares	Dec. 31, 2024 HKD ($) $ / shares shares	Dec. 31, 2023 HKD ($) $ / shares shares
Income Statement [Abstract]
Revenues	$ 10,900	$ 85,023	$ 132,907	$ 119,110
Cost of sales	(9,498)	(74,086)	(108,084)	(97,004)
Gross profit	1,402	10,937	24,823	22,106
Operating expenses:
Selling and marketing expenses	(185)	(1,441)	(2,195)	(1,961)
General and administrative expenses	(2,611)	(20,369)	(36,391)	(20,535)
Total operating expenses	(2,796)	(21,810)	(38,586)	(22,496)
Loss from operations	(1,394)	(10,873)	(13,763)	(390)
Other income (expenses):
Exchange gain (loss), net	(6)	(43)		213
(Loss) gain on disposal of property, plant and equipment	13	100		(1)
Interest income	13	99	275	84
Interest expense	(36)	(275)	(552)	(1,708)
Government grant			167	205
Sundry income, net	45	349	132	266
Total other (expenses) income, net	29	230	22	(941)
Loss before income tax expense	(1,365)	(10,643)	(13,741)	(1,331)
Income tax expense			(1,741)	(131)
Net loss	(1,365)	(10,643)	(15,482)	(1,462)
Other comprehensive loss
Foreign currency translation (loss) gain, net of taxes	97	755	(854)	(809)
Total comprehensive income loss	$ (1,268)	$ (9,888)	$ (16,336)	$ (2,271)
Net income (loss) per share attributable to ordinary shareholders
Basic \| (per share)	$ (12.34)	$ (96.21)	$ (139.98)	$ (14.50)
Diluted \| (per share)	$ (12.34)	$ (96.21)	$ (139.98)	$ (14.50)
Weighted average number of ordinary shares used in computing net income (loss) per share
Basic	11,062,500	11,062,500	11,059,932	10,084,932
Diluted	11,062,500	11,062,500	11,059,932	10,084,932

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
Consolidated Statements of Cash Flows $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 HKD ($)	Dec. 31, 2024 HKD ($)	Dec. 31, 2023 HKD ($)
Operating activities
Net loss	$ (1,365)	$ (10,643,000)	$ (15,482,000)	$ (1,462,000)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	59	459,000	505,000	506,000
Amortization of right to use assets			6,824,000	5,410,000
Interest on lease liabilities	36	275,000	368,000	313,000
Loss (gain) on disposal of property, plant and equipment	(13)	(100,000)		1,000
Change in operating assets and liabilities:
Change in accounts receivable	1,357	10,582,000	(5,856,000)	789,000
Change in inventories	218	1,700,000	1,981,000	1,475,000
Change in prepaid expenses and other current assets	(6)	(43,000)	2,166,000	2,526,000
Change in accounts payable	(152)	(1,186,000)	(4,060,000)	5,073,000
Change in other payables and accrued liabilities	70	547,000	(858,000)	1,398,000
Payments on lease			(6,935,000)	(6,301,000)
Net cash provided by (used in) operating activities	204	1,591,000	(21,347,000)	9,728,000
Investing activities
Proceeds from disposal of property, plant and equipment	13	100,000
Purchase of property, plant and equipment	(8)	(59,000)	(405,000)	(284,000)
Net cash used in investing activities	5	41,000	(405,000)	(284,000)
Financing activities
Proceeds from issuance of ordinary shares			2,076,000	26,003,000
(Repayment to) advances from related parties	(313)	(2,445,000)	643,000	(2,704,000)
Repayment of bank loans	(1,026)	(8,000,000)
Net cash provided by (used in) financing activities	(1,339)	(10,445,000)	2,719,000	23,299,000
Net increase (decrease) in cash	(1,130)	(8,813,000)	(19,033,000)	32,743,000
Effect on exchange rate change on cash	48	378,000	167,000	(254,000)
Cash as of beginning of the year	3,523	27,476,000	46,342,000	13,853,000
Cash as of the end of the year	2,441	19,041,000	27,476,000	46,342,000
Supplementary Cash Flows Information
Cash paid for interest	35	275,000	837,000	1,708,000
Net cash refund for taxes	$ (1)	$ (9,000)	$ (206,000)	$ (196,000)

Consolidated Balance Sheets $ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 HKD ($)	Dec. 31, 2024 HKD ($)
Current assets:
Cash	$ 2,441	$ 19,041	$ 27,476
Accounts receivable, net	3,431	26,760	37,342
Inventories	1,257	9,802	11,502
Prepaid expenses and other current assets	477	3,722	3,679
Total current assets	7,606	59,325	79,999
Property, plant and equipment, net	104	810	1,118
Right-of-use assets	1,448	11,297	15,295
Total non-current assets	1,552	12,107	16,413
TOTAL ASSETS	9,158	71,432	96,412
Current liabilities
Bank loan - current	385	3,000	11,000
Accounts payable	1,800	14,037	15,223
Other payables and accrued liabilities	879	6,860	6,313
Lease liabilities - current	539	4,203	5,822
Amounts due to related parties	78	611	3,056
Total current liabilities	3,681	28,711	41,414
Non-current liabilities
Lease liabilities - non-current	909	7,093	9,482
TOTAL LIABILITIES	4,590	35,804	50,896
Commitments and contingencies
Shareholders’ equity
Preference shares US$0.0001 par value per share; 3,000,000 authorized capital; nil shares issued and outstanding
Additional paid-in capital	3,919	30,570	30,570
Statutory reserve	360	2,806	2,806
Retained earnings	333	2,596	13,239
Accumulated other comprehensive loss	(45)	(353)	(1,108)
Total shareholders' equity	4,568	35,628	45,516
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	9,158	71,432	96,412
Common Class A [Member]
Shareholders’ equity
Ordinary shares, value		3	3
Common Class B [Member]
Shareholders’ equity
Ordinary shares, value	1	$ 6	$ 6
Common Stock Two [Member]
Shareholders’ equity
Ordinary shares, value	$ 1