Galaxy Payroll Group Limited (GLXG)

Galaxy Payroll Group Income Statement

Financials in millions HKD. Fiscal year is July - June.

Year	2022	2021
Revenue	46.92	34.79
Revenue Growth (YoY)	34.86%	-
Cost of Revenue	11.7	11.48
Gross Profit	35.22	23.31
Selling, General & Admin	8.14	11.45
Other Operating Expenses	0.01	0
Operating Expenses	8.14	11.45
Operating Income	27.08	11.86
Interest Expense / Income	0.23	0.22
Other Expense / Income	-0.41	-0.68
Pretax Income	27.25	12.31
Income Tax	4.7	2.62
Net Income	22.56	9.69
Net Income Growth	132.75%	-
Free Cash Flow	12	6.83
Gross Margin	75.07%	67.01%
Operating Margin	57.71%	34.09%
Profit Margin	48.08%	27.86%
Free Cash Flow Margin	25.58%	19.65%
Effective Tax Rate	17.23%	21.28%
EBITDA	28.82	13.83
EBITDA Margin	61.43%	39.76%
Depreciation & Amortization	1.33	1.3
EBIT	27.49	12.54
EBIT Margin	58.59%	36.04%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).