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Annual figures as reported in 10-K / 20-F / 40-F filings.
PMAX · CIK 0002012096

POWELL MAX LIMITED

Annual figures as reported, FY2021–FY2024. Ratios and growth rates derived on-page.

PMAX logo
Services-Miscellaneous Business Services
Company profile
Nasdaq · PMAXHQ Central, Hong Kong, Hong KongIncorporated in D8Non-accelerated filer Emerging growth companyReports in HKD
Revenue
HK$36.5M
▼ −25.8% vs FY2023
Net income
−HK$18.1M
▼ −355.3% vs FY2023
Free cash flow
−HK$12.9M
▼ −289.0% vs FY2023
Diluted EPS
−HK$1.37
▼ −344.6% vs FY2023

Revenue

Annual, as reported

020M40M’22’23’24HK$36.5M

Net income

Losses shown in terracotta

−10M0’22’23’24−HK$18.1M

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

-25%0%25%’22’23’24
Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

-20%0%20%’23’24

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

−10M−5M05M’22’23’24−HK$12.9M

Operating cash flow

Net cash from operations

−10M−5M05M’22’23’24−HK$11.4M

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

05M10M’22’23’2413M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

−20M020M’21’22’23’24HK$21.3M

Net debt

Long-term debt less cash — negative means net cash

−40M−20M0’23’24−HK$40.8M

Key ratios

derived per fiscal year
Fiscal yearGross marginOp. marginNet marginFCF marginROEROACurrent ratioDebt / equity
FY202439.4%−44.0%−49.6%−35.4%−85.0%−28.9%1.45×0.07×
FY202348.6%15.5%14.4%13.9%—30.8%0.46×—
FY202241.2%1.6%−0.3%13.3%————
FY2021————————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2024HK$36.5MHK$14.4M−HK$16.1M−HK$18.1M−HK$1.37−HK$11.4MHK$1.5MHK$62.6MHK$41.3MHK$21.3MHK$42.2MHK$1.4M
FY2023HK$49.1MHK$23.9MHK$7.6MHK$7.1MHK$0.56HK$7.1MHK$287KHK$23.0MHK$38.3M−HK$15.3MHK$3.7MHK$18.7M
FY2022HK$37.8MHK$15.6MHK$592K−HK$99K−HK$0.01HK$5.5MHK$467K——−HK$22.3MHK$1.4M—
FY2021—————————−HK$22.3MHK$601K—

Latest filings

the most recent regulatory filings
3Insider ownership filing2026-05-14 ↗3Insider ownership filing2026-05-14 ↗20-FANNUAL REPORT2026-04-30 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-04-15 ↗6-KREPORT OF FOREIGN PRIVATE ISSUER2026-03-23 ↗3Insider ownership filing2026-03-10 ↗EFFECTSEC filing2026-03-05 ↗CORRESPSEC filing2026-03-04 ↗F-3REGISTRATION STATEMENT2026-03-03 ↗UPLOADSEC filing2026-02-25 ↗

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