Powell Max Limited (PMAX)

Powell Max Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	37.67	36.46	49.12	37.77
Revenue Growth (YoY)	-19.19%	-25.77%	30.04%	-
Cost of Revenue	22.47	22.08	25.24	22.22
Gross Profit	15.2	14.38	23.88	15.56
Selling, General & Admin	55.64	31.86	15.32	15.63
Other Operating Expenses	-4.18	-1.67	-0.01	-0.93
Operating Expenses	52.49	30.73	16.3	15.89
Operating Income	-37.29	-16.35	7.58	-0.33
Interest Expense	-2.3	-2.02	-0.55	-0.69
Interest & Investment Income	0.37	0.29	0.05	0
Currency Exchange Gain (Loss)	-	-	-	0
EBT Excluding Unusual Items	-39.22	-18.07	7.08	-1.02
Other Unusual Items	-	-	-	0.92
Pretax Income	-39.22	-18.07	7.08	-0.1
Net Income	-39.22	-18.07	7.08	-0.1
Net Income to Common	-39.22	-18.07	7.08	-0.1
Shares Outstanding (Basic)	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2
Shares Change (YoY)	31.71%	5.43%	-	-
EPS (Basic)	-19.06	-10.97	4.53	-0.06
EPS (Diluted)	-19.06	-10.97	4.53	-0.06
Free Cash Flow	-36.82	-12.9	6.83	5.01
Free Cash Flow Per Share	-17.89	-7.83	4.37	3.20
Gross Margin	40.35%	39.44%	48.62%	41.18%
Operating Margin	-98.99%	-44.83%	15.43%	-0.88%
Profit Margin	-104.11%	-49.57%	14.41%	-0.26%
Free Cash Flow Margin	-97.73%	-35.38%	13.89%	13.25%
EBITDA	-33.55	-11.9	12.6	4.71
EBITDA Margin	-89.07%	-32.64%	25.65%	12.48%
D&A For EBITDA	3.74	4.44	5.02	5.05
EBIT	-37.29	-16.35	7.58	-0.33
EBIT Margin	-98.99%	-44.83%	15.43%	-0.88%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q