Top Wealth Group Holding Ltd

Listed Company

TWGCIK 0001978057NasdaqNon-AcceleratedEmerging GrowthMiscellaneous Food Preparations & Kindred ProductsE9KYFY ends Dec 31

Period

FY 2024

Revenue

$4.75M

Net Income

$-2.02M

Total Assets

$19.78M

Equity

$18.62M

Shares Out

56.00M

Op. Cash Flow

$887.6K

Business

Top Wealth Group Holding Ltd is a holding company whose operating activities are conducted through its Hong Kong operating subsidiary, Top Wealth Group (International) Limited, supplying luxury caviar products. It offers premium sturgeon caviar under private labels and its own Imperial Cristal Caviar brand, and previously distributed fine wine. Key operations include procurement and exclusive supply arrangements with a PRC sturgeon farm’s agent, packaging and cold-chain logistics managed by a supply chain partner, and quality control at a Hong Kong processing facility. Its products are sold primarily B2B to food and beverage distributors, supplied to high-end restaurants, and exported overseas through distributor channels.

Summary from filing dated 2025-05-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Sales	9	5	17
Cost of sales	2	2	12
Gross profit	7	3	5
Other income	—	87	2
Selling expenses	2	1	495,276
Provision for inventory impairment	—	−2	—
Administrative expense	1	2	2
Profit (loss) before income tax	3	−2	3
Income tax expense	—	—	607,153
Profit (loss) and total comprehensive income (loss) for the year	3	−2	2
Earnings per share:	—	—	—
- basic (in Dollars per share)	4.35	−5.31	8.13
- diluted (in Dollars per share)	3.87	−5.31	8.13
Weighted average shares outstanding used in calculating basic and diluted earnings per share	—	—	—
- basic (in Shares)	733,053	380,419	300,000
- diluted (in Shares)	823,793	380,419	300,000

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Current assets	—	—
Cash and cash equivalents	2	42,380
Accounts receivable, net	9	2
Inventories	4	—
Prepayments	1	2
Amount due from a related party	480,925	—
Deposits paid	648,661	605,981
Total current assets	17	4
Non-current assets	—	—
Property, plant and equipment, net	72,658	72,658
Right-of-use assets – operating lease	85,919	—
Prepayment of long term assets	12	16
Deferred tax assets	44,248	44,248
Total non-current assets	12	16
Total assets	29	20
Current liabilities	—	—
Accounts payables	472,255	—
Accrued expenses and other payables	320,954	212,593
Operating lease liabilities - current	50,688	—
Amount due to a related party	—	140,564
Borrowing	147,179	—
Current income tax payable	644,690	811,357
Total current liabilities	2	1
Non-current liabilities	—	—
Operating lease liabilities - current	35,231	—
Total liabilities	2	1
Commitments and contingencies	—	—
Shareholders’ equity	—	—
Class A common stock, $0.009 par value; 2,000,000,000 shares authorized, 1,300,029 shares issued and outstanding at December 31, 2025 and Class B common stock, $0.009 par value; 200,000,000 shares authorized, 166,667 shares issued and outstanding at December 31, 2025. Common stock, $0.0001 par value, 500,000,000 shares authorized, 56,000,000 shares issued and outstanding, at December 31, 2024	14,351	5,600
Additional paid-in capital	22	16
Retained earnings	5	2
Total shareholders’ equity	28	19
Total liabilities and equity	29	20

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities	—	—	—
Net profit (loss)	3	−2	2
Adjustments for:-	—	—	—
Depreciation of property, plant and equipment	—	61,880	233,659
Deferred tax credit	—	—	−30,523
Share-based payment	2	—	—
Provision for inventory impairment	—	−2	—
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	8	−4	6
Inventories	4	1	−2
Prepayments	−438,622	1	274,417
Deposits paid	42,680	10,918	8,967
Accounts payable	472,255	—	−200,608
Accrued expenses and other payables	108,361	−213,080	365,238
Amounts due with related parties	−621,489	−19,525	6,045
Current income tax payable	−166,667	−180,913	621,851
Net cash (used in) provided by operating activities	−6	887,554	−863,616
Cash flows from investing activities	—	—	—
Prepayment for long term assets	−4	16	—
Net cash used in investing activities	4	−16	—
Cash flows from financing activities	—	—	—
Proceeds (repayment of) from borrowings	147,179	−777,893	777,893
Deemed capital reduction on reorganization	—	—	10
Proceeds from Pro Rata Share Issuance deemed as share split	—	—	2,699
Net proceeds from public offer	4	16	—
Net cash provided by financing activities	4	15	780,582
Increase (decrease) in cash and cash equivalents	2	−91,970	−83,034
Cash and cash equivalents at end of year	—	—	—
Cash and cash equivalents at end of year	—	—	—
Analysis of the balance of cash and cash equivalents	—	—	—
Bank balances	—	—	—

Filings

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