Powell Max (PMAX) Income Statement

Powell Max reported revenue of HKD 47.65M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 30.7% from HKD 36.46M a year earlier. Powell Max posted a net loss of HKD 23.50M, compared with a net loss of HKD 18.07M a year earlier. Gross margin was 49.5% and operating margin -30.4%.

Powell Max Income Statement Analysis

Values in millions HKD

Income Statement Balance Sheet Cash Flow Ratios

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Powell Max Limited income statement - Annual data in millions HKD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	47.65	36.46	49.12	37.77
Cost of Revenue	24.06	22.08	25.24	22.22
Gross Profit	23.59	14.38	23.88	15.56
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	32.85	31.86	15.32	10.58
Operating Expenses	38.06	-34.35	-16.36	15.56
Operating Income	-14.47	-16.06	7.63	0.00
Other Income/Expense
Interest Income	0.10	0.29	0.05	0.00
Interest Expense	0.69	-2.02	-0.55	0.69
Other Income/Expense	-9.03	-2.02	-0.55	0.59
Income
Income Before Tax	-23.50	-18.07	7.08	-0.10
Income Tax Expense	0.00	0.00	0.00	0.00
Net Income	-23.50	-18.07	7.08	-0.10
Net Income - Continuous Operations	-23.50	-17.99	7.08	-0.10
Net Income - Discontinued Operations	-	-	-	-
EBITDA	-19.22	-11.90	12.60	5.64
EBIT	-22.80	-16.35	7.58	0.59
Depreciation & Amortization	3.58	4.44	5.02	5.05
Earnings Per Share
Basic EPS	-944.00	-110.00	45.00	-1.00
Diluted EPS	-944.00	-110.00	45.00	-1.00
Basic Shares Outstanding	0.02	0.16	0.16	0.16
Diluted Shares Outstanding	0.02	0.16	0.16	0.16

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About Powell Max Financial Statements

What was Powell Max's revenue in fiscal 2025?

Powell Max reported revenue of HKD 47.65M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 30.7% from HKD 36.46M a year earlier.

Is Powell Max profitable?

No. Powell Max reported a net loss of HKD 23.50M in fiscal 2025. In fiscal 2024 it lost HKD 18.07M.

What is Powell Max's operating margin?

Powell Max's operating income was −HKD 14.47M on revenue of HKD 47.65M in fiscal 2025, an operating margin of -30.4%, compared with -44.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition