LFG Investment Holdings Limited

LFG Investment Holdings Limited

HHKEX:3938
2.40
HKD
+0.05
(+1.91%)
1.70BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.2
0.26
0.36
0.29
0.27
0.19
0.12
0.23
0.06
0.17
- -
Basic EPS, GAAP
0.09
0.13
0.15
0.04
0.04
-0.01
-0.06
-0.01
-0.09
0.02
- -
Free Cash Flow per Basic Share
0.11
0.13
0.11
-0.08
-0.2
-0.02
-0.03
0.11
0.08
0.05
- -
Dividend per Share
0.09
0.13
0.07
0.04
0.05
- -
- -
0.02
- -
- -
- -
Book Value per Share
0.05
0.07
0.14
0.43
0.42
0.42
0.36
0.33
0.24
0.29
0.29
Tangible Book Value per Share
0.05
0.07
0.14
0.43
0.42
0.42
0.36
0.33
0.24
0.28
0.28
Basic Weighted Avg Shares
400
400
328
367
406
406
406
406
406
460
461
Sales/Revenue/Turnover
79
105
118
105
108
78
47
94
25
80
- -
Operating Margin (%)
55.9
58.29
50.52
20.83
52.96
24.88
-11.08
28.83
-67.39
50.6
- -
Depreciation Expense
1
1
1
8
7
6
6
8
5
5
- -
Net Income, GAAP
36
50
49
14
16
-3
-23
-4
-35
8
- -
Effective Tax Rate (%)
18.36
16.33
18.47
36.18
13.48
- -
- -
- -
- -
0.12
- -
Profit Margin (%)
45.64
47.93
41.38
13.44
14.91
-4.22
-48.39
-4.23
-139.04
10.12
- -
Working Capital
17
26
56
165
165
157
136
125
88
127
127
LT Debt
- -
- -
- -
2
6
5
- -
- -
13
13
13
Total Equity
21
29
59
175
174
171
148
134
98
140
140
Return on Invested Capital (%)
- -
174.8
107.55
11.16
26.1
- -
- -
- -
- -
27.16
- -
Return on Capital (%)
- -
200.5
112.03
12.05
8.9
- -
- -
- -
- -
6.82
- -
Return on Common Equity (%)
- -
204.12
112.03
12.12
9.3
-1.93
-14.34
-2.85
-30.25
6.76
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
8
8
6
LT Borrowings
- -
- -
- -
LT Finance Leases
13
12
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
406
487
490
Market Capitalization
73
360
1,696

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
230
342
394
Cash, Cash Equivalents & STI
73
136
123
Accounts Receivable, Net
40
46
35
Inventories
- -
- -
- -
Total Current Liabilities
142
219
267
Payables & Accruals
- -
- -
- -
ST Debt
8
8
6
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1.76%
42.28%
Free Cash Flow
- -
-105.96%
-26.55%
Net Income, GAAP
- -
208.11%
-123.03%
Sales/Revenue/Turnover
- -
35.27%
216.49%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
94
2025
- -
- -
25
2026
- -
- -
80

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.01
2025
- -
- -
-0.09
2026
- -
- -
0.02

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.02
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ho Cheung Mui
Full Time Employees
44
Sector
Finance
Industry
Investment managers
Address
Room 1505 Hong Kong Hong Kong 100022
IPO Date
Sep 30, 2019
Business
LFG Investment Holdings Limited (3938.HK), an investment holding company incorporated in the Cayman Islands in 2015 and headquartered at Room 1505, 15/F, Wheelock House, 20 Pedder Street, Central, Hong Kong, operates as a financial services provider principally in Hong Kong through subsidiaries including Lego Corporate Finance Limited, Lego Securities Limited and Lego Asset Management Limited. The Group engages in Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance; its core offerings encompass corporate finance advisory services, including IPO sponsorship for Main Board and GEM listings, financial and independent financial advisory on transactions under Listing Rules, GEM Listing Rules and Takeovers Code, and compliance advisory on post-listing matters; securities and financing services, comprising placing and underwriting as global coordinator, bookrunner, lead manager or placing agent for IPOs and secondary market transactions, securities dealing and brokerage for equities, exchange-traded products, derivative warrants, callable bull/bear contracts, REITs, debt securities on the Stock Exchange and major US exchanges, plus margin financing for secondary market purchases and IPO subscriptions; and asset management services, including investment advisory and fund management with net assets under management of approximately US$12.4 million as at 30 September 2025. In recent developments, the Group completed four placing and underwriting projects for secondary market fundraising during the six months ended 30 September 2025, recognized revenue of HK$33.8 million reflecting a 293.7% increase year-over-year driven by corporate finance advisory growth to HK$17.1 million from 81 projects (including four IPO sponsorships and 76 financial/independent advisory mandates), securities services up 39.0% to HK$6.5 million, and positive investment fund performance of HK$9.8 million; it issued new shares totaling 81,192,593 raising share capital to HK$4.872 million; and expanded funds under management from US$2.9 million as at 31 March 2025, while maintaining a prudent approach to margin loans at HK$33.3 million secured by collateral and recording a period profit of HK$3.0 million versus prior loss. LFG Investment Holdings Limited is a subsidiary of Lego Financial Group Limited and targets listed companies, issuers, shareholders, institutional and retail clients in the Hong Kong capital markets.