Powell Max Limited Class A (PMAX) Income Statement
PMAX 2025 at a glance
Fiscal year ended December 31, 2025 · Hong Kong dollarsPMAX revenue and net income
Where PMAX's revenue goes
2025Each bar shows an amount and its share of revenue. PMAX kept −49.3% of revenue as net income.
PMAX profit margins
PMAX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.3% | — | — | — |
| Gross profit | +138.5% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PMAX income statement in Hong Kong dollars
| 2025 | 2024 | |
|---|---|---|
| Revenue | HK$47.6M | HK$36.3M |
| Cost of revenue | HK$24.1M | HK$26.4M |
| Gross profit | HK$23.6M | HK$9.9M |
| Sales, general & admin | HK$32.8M | HK$27.4M |
| Total operating expenses | HK$38.1M | HK$27.8M |
| Operating income | −HK$14.5M | −HK$17.9M |
| Interest income | HK$96,179 | HK$286,321 |
| Interest expense | HK$692,894 | HK$2.0M |
| Income before taxes | −HK$23.5M | −HK$18.0M |
| Net income | −HK$23.5M | −HK$18.0M |
| EBITDA | −HK$19.2M | −HK$11.5M |
| Gross margin | 49.5% | 27.2% |
| Operating margin | −30.4% | −49.3% |
| Net margin | −49.3% | −49.6% |
| Mar '26 | Jun '25 | Mar '25 | Jun '24 | Dec '23 | Jun '23 | |
|---|---|---|---|---|---|---|
| Revenue | HK$23.7M | HK$24.1M | HK$13.7M | HK$22.7M | HK$23.9M | HK$25.2M |
| Cost of revenue | HK$12.9M | HK$14.9M | HK$11.4M | HK$15.1M | HK$13.7M | HK$16.5M |
| Gross profit | HK$10.8M | HK$9.3M | HK$2.3M | HK$7.7M | HK$10.1M | HK$8.7M |
| Total operating expenses | HK$2.8M | HK$31.9M | HK$20.7M | HK$6.7M | HK$6.5M | HK$4.8M |
| Operating income | HK$8.0M | −HK$22.7M | −HK$18.4M | HK$947,366 | HK$3.6M | HK$4.0M |
| Interest expense | HK$212,445 | HK$61,595 | HK$233,912 | HK$24,757 | HK$32,008 | HK$300,302 |
| Income before taxes | −HK$3.1M | −HK$20.5M | −HK$18.8M | HK$780,224 | HK$3.4M | HK$3.7M |
| Net income | −HK$3.1M | −HK$20.5M | −HK$18.8M | HK$780,224 | HK$3.4M | HK$3.7M |
| EBITDA | HK$9.7M | −HK$18.2M | −HK$14.6M | HK$3.5M | HK$6.2M | HK$6.5M |
| Gross margin | 45.7% | 38.4% | 16.6% | 33.7% | 42.4% | 34.7% |
| Operating margin | 33.8% | −94.0% | −134.5% | 4.2% | 15.1% | 15.7% |
| Net margin | −13.2% | −85.1% | −137.3% | 3.4% | 14.3% | 14.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported in PMAX's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PMAX financial results
In fiscal year 2025 (ended December 31, 2025), Powell Max reported revenue of HK$47.6 million, up 31.3% from the year before. It had a net loss of HK$23.5 million, a net profit margin of −49.3%. Figures are in Hong Kong dollars, the currency of its financial statements.
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PMAX income statement FAQ
What is Powell Max's annual revenue?
Powell Max reported total revenue of HK$47.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 31.3% from HK$36.3 million the previous year.
Is Powell Max profitable?
No. Powell Max reported a net loss of HK$23.5 million in fiscal 2025, a net profit margin of −49.3%; its operating margin was −30.4%.
What is Powell Max's gross margin?
Powell Max's gross margin was 49.5% in fiscal 2025: for every $100 of revenue, Powell Max kept $50 after the direct cost of its products and services.
When does Powell Max's fiscal year end?
Powell Max's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.