ZICO Holdings Inc.

ZICO Holdings Inc.

SSGX:40W
0.04
SGD
-0.01
(-18.37%)
19.74MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.67
0.02
0.02
0.02
0.03
0.03
0.03
0.02
0.02
0.06
0.05
0.04
0.03
- -
Basic EPS, GAAP
1.61
0.01
- -
- -
- -
- -
- -
- -
- -
- -
-0.02
-0.01
- -
- -
Free Cash Flow per Basic Share
0.72
- -
- -
- -
-0.01
- -
- -
- -
- -
0.01
- -
-0.01
- -
- -
Dividend per Share
0.76
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.55
0.03
0.03
0.04
0.04
0.04
0.04
0.03
0.03
0.1
0.07
0.06
0.07
0.07
Tangible Book Value per Share
1
0.03
0.01
0.01
0.02
0.02
0.03
0.02
0.02
0.07
0.05
0.04
0.05
0.05
Basic Weighted Avg Shares
1
223
277
282
295
301
319
325
327
343
370
395
410
410
Sales/Revenue/Turnover
3
5
6
7
9
10
8
7
7
20
17
14
14
- -
Operating Margin (%)
52.55
28.09
9.01
7.29
7.74
5.68
-11.84
-19.38
-12.35
-12.57
-32.98
-40.03
-43.82
- -
Depreciation Expense
- -
- -
- -
- -
1
1
1
1
1
2
2
1
1
- -
Net Income, GAAP
2
2
1
- -
1
- -
-1
-1
- -
- -
-7
-6
1
- -
Effective Tax Rate (%)
10.61
20.55
18.49
- -
16.68
31.73
- -
- -
64.37
- -
- -
- -
- -
- -
Profit Margin (%)
60.38
30.09
12.54
6.41
6.92
3.62
-9.84
-11.53
1.28
-1.33
-42.32
-39.73
7.18
- -
Working Capital
1
7
2
2
3
3
1
-1
1
9
1
-3
4
5
LT Debt
- -
- -
1
1
- -
- -
1
1
1
5
3
1
1
2
Total Equity
2
8
10
10
12
13
12
11
11
35
28
25
29
27
Return on Invested Capital (%)
- -
22.52
3.62
- -
3.58
1.78
- -
- -
-0.35
- -
- -
- -
- -
- -
Return on Capital (%)
- -
29.62
6.41
- -
3.78
1.28
- -
- -
0.25
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
30.89
8.04
4.55
5.59
2.87
-6.71
-6.82
0.83
-1.16
-23.32
-21.22
3.83
- -

Capital Structure

SGD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
7
5
LT Borrowings
- -
- -
1
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
411
411
411
Market Capitalization
23
20
20

Working Capital

SGD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
17
16
14
Cash, Cash Equivalents & STI
9
8
6
Accounts Receivable, Net
4
7
7
Inventories
- -
- -
- -
Total Current Liabilities
13
11
9
Payables & Accruals
- -
- -
- -
ST Debt
8
7
5
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.55%
39.53%
16.35%
Free Cash Flow
-81.44%
-171.56%
-79.75%
Net Income, GAAP
165.1%
406.06%
-118.43%
Sales/Revenue/Turnover
17.55%
29.65%
2.06%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SGD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14
2025
3
6
- -
- -
14
2026
3
4
- -
- -
- -

Quarterly Earnings Per Share

SGD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.01
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

SGD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hock Heng Datuk Ng
Full Time Employees
121
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Singapore Singapore
IPO Date
Nov 11, 2014
Business
ZICO Holdings Inc. operates as an integrated provider of multidisciplinary professional and financial services across the ASEAN region. The company provides a comprehensive suite of corporate finance, asset and wealth management, trust and fiduciary, Shariah advisory, share registry, and insourcing consulting solutions. Its core service offerings are structured across specialized business units: ZICO Capital Pte. Ltd. provides corporate finance advisory, initial public offering (IPO) management, secondary equity fund-raising, rights issues, private placements, mergers and acquisitions (M&A) advisory, reverse takeovers, privatizations, and continuing sponsorship services for companies listed on the Singapore Exchange Catalist board; ZICO Asset Management Pte. Ltd. provides bespoke fund management, private asset management, secondaries transactions, private credit advisory, multi-family office support, estate planning, and wealth preservation solutions for high-net-worth individuals and institutional investors; ZICO Shariah Advisory Services Sdn. Bhd. offers Islamic finance structuring, Sukuk advisory, Shariah-compliant fund advisory, Shariah governance and audit services, Halal assurance consultancy, and Islamic estate distribution; B.A.C.S. Private Limited provides share registration, investor relations administration, corporate secretarial support, and shareholder meeting management; and ZICO Insource provides agile human capital insourcing, corporate communications, and commercial transactional support. The company serves a diverse client base comprising multinational corporations, publicly listed companies, small and medium-sized enterprises, financial institutions, government-linked entities, family offices, and high-net-worth individuals across Southeast Asia. ZICO Holdings Inc. maintains an operational presence and regional capabilities across Singapore, Malaysia, Thailand, Vietnam, Indonesia, Laos, the Philippines, and Myanmar. The company was incorporated in 2010 and is headquartered in the Federal Territory of Labuan, Malaysia, with principal executive and operational offices located in Singapore and Kuala Lumpur, Malaysia. ZICO Holdings Inc. has been publicly listed on the Catalist Board of the Singapore Exchange under the ticker symbol 40W since November 2014. In recent operational developments and strategic realignments, ZICO Holdings Inc. has executed a multi-pillar transformation program aimed at transitioning from legacy legal support services toward high-margin, regulated capital markets and asset management operations. In August 2025, the company completed the divestment of its corporate services and trust administration businesses across Singapore, Malaysia, Labuan, and the Philippines to Ascentium, enabling the group to streamline its corporate structure and concentrate resources on core regulated activities. This followed the strategic integration of its legacy legal network support operations into KPMG. Under its latest corporate growth strategy, the group is expanding its footprint in private credit, hard assets, and digital infrastructure asset management; strengthening its Shariah-aligned financial product pipeline; integrating artificial intelligence and regulatory technology tools to optimize operational compliance and efficiency; and pursuing strategic alliances to enhance cross-border distribution capabilities and capital market presence across the ASEAN region.