Top Wealth Group Holding Ltd: 20-F filed 2026-05-15

Name: Top Wealth Group Holding Ltd: 20-F filed 2026-05-15
Creator: Top Wealth Group Holding Ltd

What Top Wealth Group Holding Ltd reported in its annual report (foreign private issuer) filed 2026-05-15 (fiscal FY 2025): 40 published measures, 91 facts as tagged in accession 0001213900-26-057962.

This filing

Form: 20-F (annual report (foreign private issuer))
Filed: 2026-05-15
Fiscal period: fiscal FY 2025
Accession: 0001213900-26-057962 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Top Wealth Group Holding Ltd filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2025-12-31	29,432,372	USD
At 2024-12-31	19,784,932	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2025-12-31	1,670,997	USD
At 2024-12-31	1,164,514	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2025-12-31	27,761,375	USD
At 2024-12-31	18,620,418	USD
At 2023-12-31	4,952,636	USD
At 2022-12-31	2,511,852	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2025-12-31	2,387,158	USD
At 2024-12-31	42,380	USD
At 2023-12-31	134,350	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	3,189,946	USD	365
2024-01-01 to 2024-12-31	-2,019,515	USD	366
2023-01-01 to 2023-12-31	2,438,095	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	-6,194,419	USD	365
2024-01-01 to 2024-12-31	887,554	USD	366
2023-01-01 to 2023-12-31	-863,616	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	9,129,706	USD	365
2024-01-01 to 2024-12-31	4,747,580	USD	366
2023-01-01 to 2023-12-31	16,943,287	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	4,439,346	USD	365
2024-01-01 to 2024-12-31	14,909,404	USD	366
2023-01-01 to 2023-12-31	780,582	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	4,099,851	USD	365
2024-01-01 to 2024-12-31	-15,888,928	USD	366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2025-12-31	5,479,352	USD
At 2024-12-31	2,289,406	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	733,053	shares	365
2024-01-01 to 2024-12-31	380,419	shares	366
2023-01-01 to 2023-12-31	300,000	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	823,793	shares	365
2024-01-01 to 2024-12-31	380,419	shares	366
2023-01-01 to 2023-12-31	300,000	shares	365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	4.35	USD/shares	365
2024-01-01 to 2024-12-31	-5.31	USD/shares	366
2023-01-01 to 2023-12-31	8.13	USD/shares	365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	3.87	USD/shares	365
2024-01-01 to 2024-12-31	-5.31	USD/shares	366
2023-01-01 to 2023-12-31	8.13	USD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	607,153	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2025-12-31	72,658	USD
At 2024-12-31	72,658	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	1,658,844	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2025-12-31	17,440,470	USD
At 2024-12-31	3,779,098	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2025-12-31	1,635,766	USD
At 2024-12-31	1,164,514	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2025-12-31	472,255	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2025-12-31	9,249,046	USD
At 2024-12-31	1,563,289	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2025-12-31	3,545,854	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	6,809,651	USD	365
2024-01-01 to 2024-12-31	2,506,713	USD	366
2023-01-01 to 2023-12-31	5,387,281	USD	365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	2,320,055	USD	365
2024-01-01 to 2024-12-31	2,240,867	USD	366
2023-01-01 to 2023-12-31	11,556,006	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2024-12-31	56,000,000	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2025-12-31	2,387,158	USD
At 2024-12-31	42,380	USD
At 2023-12-31	134,350	USD
At 2022-12-31	217,384	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2025-12-31	22,267,672	USD
At 2024-12-31	16,325,412	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2025-12-31	85,919	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2025-12-31	543,896	USD
At 2024-12-31	543,896	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2025-12-31	471,238	USD
At 2024-12-31	471,238	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	3,189,946	USD	365
2024-01-01 to 2024-12-31	-2,019,515	USD	366
2023-01-01 to 2023-12-31	3,045,248	USD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	1,210,350	USD	365
2024-01-01 to 2024-12-31	1,602,251	USD	366
2023-01-01 to 2023-12-31	1,846,759	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	61,880	USD	366
2023-01-01 to 2023-12-31	233,659	USD	365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	637,676	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2023-01-01 to 2023-12-31	-30,523	USD	365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	166,667	USD	365
2024-01-01 to 2024-12-31	180,913	USD	366
2023-01-01 to 2023-12-31	15,825	USD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2024-01-01 to 2024-12-31	71,538	USD	366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	7,685,757	USD	365
2024-01-01 to 2024-12-31	-4,409,447	USD	366
2023-01-01 to 2023-12-31	5,932,488	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	3,545,854	USD	365
2024-01-01 to 2024-12-31	1,351,188	USD	366
2023-01-01 to 2023-12-31	-1,918,499	USD	365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2025-01-01 to 2025-12-31	472,255	USD	365
2023-01-01 to 2023-12-31	-200,608	USD	365

Inspect the source

Entity: Top Wealth Group Holding Ltd / CIK 0001978057
Captured: 2026-09-21T17:39:08.214Z
SEC response SHA-256: 8bee753b63a18d08835a3bcd3e39ea987d969d3b6804b7cb87d65b61cbef51d0

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001978057.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))