Plover Bay Technologies Limited (HKG:1523)

Plover Bay Technologies Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	141.8	130.14	116.79	94.26	86.76	74.13
Revenue Growth	8.95%	11.43%	23.90%	8.65%	17.04%	40.35%
Gross Profit Gross Profit Growth	83.01	74.12	64.15	50.91	46.51	43.16
Operating Income Operating Income Growth	59.53	52.01	43.56	31.94	26.44	24.79
Net Income Net Income Growth	51.52	45.47	38.05	28.1	22.66	21.2
Earnings Per Share EPS Growth	0.05	0.04	0.03	0.03	0.02	0.02
EPS Growth	13.10%	19.13%	35.29%	23.79%	6.19%	45.87%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Software Licenses and Warranty and Support Services Software Licenses and Warranty and Support Services Growth	44.17	39.32	33.47	30.28	25.55	19.1
Sales of SD-WAN Routers - Mobile First Connectivity Sales of SD-WAN Routers - Mobile First Connectivity Growth	76.53	73.09	66.18	49.39	46.77	42.56
Sales of SD-WAN Routers - Fixed First Connectivity Sales of SD-WAN Routers - Fixed First Connectivity Growth	21.1	17.74	17.15	14.59	14.43	12.46
Total Total Growth	141.8	130.14	116.79	94.26	86.76	74.13

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	49.98	56.26	65.93	36.75	28.66	33.17
Total Debt Total Debt Growth	7.42	1.97	11.1	4.47	8.72	7.02
Net Cash (Debt) Net Cash Growth	42.56	54.29	54.84	32.27	19.94	26.15
Net Cash Growth	-21.59%	-1.01%	69.93%	61.82%	-23.74%	-6.74%
Net Cash Per Share Net Cash Per Share Growth	0.04	0.05	0.05	0.03	0.02	0.02

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	45.05	52.24	55.16	37.72	17.57	18.92
Capital Expenditures CapEx Growth	-0.8	-0.76	-0.2	-0.69	-0.77	-0.56
Free Cash Flow Free Cash Flow Growth	44.25	51.48	54.97	37.03	16.81	18.35
Free Cash Flow Growth	-14.04%	-6.35%	48.44%	120.33%	-8.42%	18.25%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	58.54%	56.95%	54.93%	54.01%	53.61%	58.22%
Operating Margin	41.98%	39.96%	37.30%	33.88%	30.48%	33.44%
Pretax Margin	43.08%	41.75%	38.81%	34.96%	30.41%	33.36%
Profit Margin	36.33%	34.94%	32.58%	29.81%	26.12%	28.60%
FCF Margin	31.21%	39.55%	47.06%	39.29%	19.37%	24.76%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.345	0.037	0.031	0.023	0.019	0.017
Dividend Per Share Growth	20.70%	19.10%	35.59%	22.80%	7.37%	45.93%
Dividend Yield	4.93%	4.83%	5.39%	8.67%	7.29%	3.40%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	19.20	18.67	16.75	10.38	12.42	26.39
Forward PE	18.34	16.35	15.17	8.72	8.41	22.40
P/FCF Ratio	22.60	16.49	11.59	7.88	16.75	30.49
PS Ratio	7.05	6.52	5.46	3.09	3.25	7.55

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 6, 2026

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