Powell Max Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	47.65	36.46	49.12	37.77
Revenue Growth (YoY)	30.68%	-25.77%	30.04%	-
Cost of Revenue	24.06	22.08	25.24	22.22
Gross Profit	23.59	14.38	23.88	15.56
Selling, General & Admin	-36.46	-31.9	-15.39	-15.97
Other Operating Expenses	6.67	-2.44	-0.97	-2.69
Total Operating Expenses	-29.79	-34.35	-16.36	-18.67
Operating Income	-22.8	-16.06	7.63	0.59
Interest Expense	-0.69	-2.02	-0.55	-0.69
Total Non-Operating Income (Expense)	-0.69	-2.02	-0.55	-0.69
Pretax Income	-23.5	-18.07	7.08	-0.1
Net Income	-23.5	-18.07	7.08	-0.1
Net Income to Common	-23.5	-18.07	7.08	-0.1
Shares Outstanding (Basic)	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0
Shares Change (YoY)	65.13%	5.43%	-	-
EPS (Basic)	-94.52	-109.72	45.31	-0.80
EPS (Diluted)	-86.38	-109.72	45.31	-0.80
Shares Outstanding	0.26	0.18	0.16	-
Free Cash Flow	-8.77	-12.9	6.83	5.01
Free Cash Flow Growth	-	-	36.33%	-
Free Cash Flow Per Share	-32.24	-78.32	43.68	32.04
Gross Margin	49.51%	39.44%	48.62%	41.18%
Operating Margin	-47.86%	-44.04%	15.53%	1.57%
Profit Margin	-49.31%	-49.57%	14.41%	-0.26%
FCF Margin	-18.41%	-35.38%	13.89%	13.25%
EBITDA	-19.22	-11.61	12.65	5.64
EBITDA Margin	-40.35%	-31.85%	25.74%	14.93%
EBIT	-22.8	-16.06	7.63	0.59
EBIT Margin	-47.86%	-44.04%	15.53%	1.57%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q