StockNews.AI
PMAX
StockNews.AI
1 min

Powell Max Limited Announces First Half 2025 Unaudited Financial Results

1. PMAX reported HK$23.9 million in revenue, a 5.3% increase from 2024. 2. Net loss for PMAX reached HK$20.4 million, contrasting with a profit in 2024. 3. General administrative expenses surged 4.9 times due to increased staffing and costs. 4. PMAX's share loss per share is HK$1.07, significantly down from profit in 2024. 5. Acquisition of Miracle Media contributed HK$1.5 million to revenue growth.

11m saved
Insight
Article

FAQ

Why Bearish?

The significant increase in net loss and expenses could deter investors, reminiscent of other firms facing similar challenges in the past.

How important is it?

The financial results indicate deteriorating profitability, crucial for PMAX's market performance.

Why Short Term?

Concerns over high expenses and net losses typically affect short-term sentiment quickly, similar to past periods of uncertainty for PMAX.

Related Companies

MKDELONVERB
September 23, 2025 07:35 ET  | Source: Powell Max Limited HONG KONG, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications services provider headquartered in Hong Kong, today announced its unaudited interim condensed financial results for the six months ended June 30, 2025. Overview: Revenue was HK$23.9 million (US$3.1 million) for the six months ended June 30, 2025, representing an increase of 5.3% for the same period in 2024.Net loss was HK$20.4 million (US$2.6) for the six months ended June 30, 2025, as compared with the profit of HK$0.8 million for the same period in 2024. Six Month Financial Results Ended June 30, 2025 Revenue. Revenue increased by 5.3% from HK$22.7 million for the six months ended June 30, 2024 to HK$23.9 million (US$3.1 million) for the six months ended June 30, 2025, which was mainly contributed by the revenue of HK$1.5 million (US$0.2 million) from Miracle Media Production Limited (“Miracle Media”), following the completion of the acquisition of Miracle Media on February 28, 2025. General and administrative expenses. General and administrative expenses increased by 4.9 times from HK$6.0 million for the six months ended June 30, 2024 to HK$29.4 million (US$3.8 million) for the six months ended June 30, 2025, which was mainly due to (i) an increase in the number of staff and the general and administrative expenses after the completion of acquisition of Miracle Media on February 28, 2025, (ii) the incurrence of issuance expenses relating to the standby equity purchase agreement entered into in November 2024, and (iii) an increase in the professional fee and post-listing expenses in related thereto. Selling and distribution expenses. Selling and distribution expenses increased by 10.0% from HK$3.0 million for the six months ended June 30, 2024 to HK$3.3 million (US$0.4 million) for the six months ended June 30, 2025, which was mainly due to an increase in the number of staff in our sales team and an increase in other expenses on business development and marketing. In light of the reduction of capital market activities in Hong Kong, we have engaged extra resources on sales and marketing with the view to maintain our market presence. Net loss. Net loss for the period ended June 30, 2025 was HK$20.4 million (US$2.6 million), as compared with the net profit of HK$0.8 million for the same period in 2024, which was mainly due to the increase in general and administrative expenses, and selling and distribution expenses. Basic and diluted loss per share. Basic and diluted loss per share was HK$1.07 (US$0.14) per ordinary share for the six months ended June 30, 2025, as compared to a basic and diluted earning per share of HK$0.06 per ordinary share for the six months ended June 30, 2024. About Powell Max Limited Powell Max Limited is a financial communications services provider headquartered in Hong Kong. The Company engages in the provision of financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. The Company’s clients consist of domestic and international companies listed in Hong Kong, together with companies who are seeking to list in Hong Kong, as well as their advisors. Exchange Rate Information The Company is a holding company with operations conducted in Hong Kong through JAN Financial Press Limited (“JAN Financial”) and Miracle Media, its operating subsidiaries. The reporting currency of JAN Financial and Miracle Media is Hong Kong dollars. The Hong Kong dollar is pegged to the U.S. dollar at a range of HK$7.75 to HK$7.85 to US$1. Unless otherwise noted, all translations from Hong Kong dollars to United States Dollars in this press release were calculated the noon middle rate of US$1 — HK$7.8499, as published in the H.10 statistical release of the Board of Governors of the Federal Reserve System on June 30, 2025. No representation is made that the HK$ amount represents or could have been, or could be, converted, realized or settled into US$ at that rate, or at any other rate. Forward-Looking Statements This press release contains certain forward-looking statements. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Rounding Amounts and Percentages Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For investor and media inquiries, please contact: Company Info: Powell Max Limited Investor Relations ir@janfp.com (852) 2158 2888  POWELL MAX LIMITED AND ITS SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2024 ANDUNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OFFINANCIAL POSITION AS OF JUNE 30, 2025   As of December 31,2024(audited)  As of June 30, 2025(unaudited)   HK$  HK$  US$ ASSETS         Non-current assets            Goodwill  —   28,116,846   3,581,809 Property, plant and equipment  4,253,686   7,861,254   1,001,447 Total non-current assets  4,253,686   35,978,100   4,583,256              Current assets            Trade and other receivables  16,096,160   15,018,674   1,913,231 Cash and bank balances  42,222,014   8,894,909   1,133,124 Total current assets  58,318,174   23,913,583   3,046,355              Total assets  62,571,860   59,891,683   7,629,611              LIABILITIES AND EQUITY            Current liabilities            Trade and other payables  12,990,458   11,930,106   1,519,778 Contract liabilities  1,310,435   622,226   79,265 Bank borrowings  3,845,863   3,368,086   429,061 Lease liabilities  1,376,122   2,910,354   370,751 Derivative  6,756,516   —   — Convertible promissory notes  13,860,647   —   — Total current liabilities  40,140,041   18,830,772   2,398,855              Non-current liabilities            Trade and other payables  150,000   150,000   19,109 Lease liabilities  1,014,182   3,357,693   427,737 Total non-current liabilities  1,164,182   3,507,693   446,846              Total liabilities  41,304,223   22,338,465   2,845,701              Equity attributable to owners of the Company            Share capital  11,457   15,253   1,943 Accumulated losses  (33,754,822)  (54,477,277)  (6,939,869)Reserves  55,011,002   92,015,242   11,721,836 Total equity  21,267,637   37,553,218   4,783,910              Total liabilities and equity  62,571,860   59,891,683   7,629,611               POWELL MAX LIMITED AND ITS SUBSIDIARIESUNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSSAND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025   Six months ended June 30,   2024(unaudited)  2025(unaudited)   HK$  HK$  US$ Revenue  22,732,219   23,943,656   3,050,186 Cost of sales  (12,549,020)  (12,938,874)  (1,648,285)Gross profit  10,183,199   11,004,782   1,401,901              Other income and gain  26,247   2,628,073   334,790 General and administrative expenses  (6,000,158)  (29,440,811)  (3,750,469)Selling and distribution expenses  (3,005,905)  (3,347,044)  (426,381)Allowance of expected credit loss - trade receivables  (228,666)  (730,257)  (93,028)             Profit/(Loss) from operations  974,717   (19,885,257)  (2,533,187)Finance costs  (193,581)  (479,994)  (61,146)             Profit/(Loss) before income tax  781,136   (20,365,251)  (2,594,333)Income tax expense  —   —   — Profit/(Loss) for the period  781,136   (20,365,251)  (2,594,333)             Other comprehensive income/(loss):            Exchange differences on translation foreign operations  (12,362)  (357,204)  (45,504)Total comprehensive income/(loss) for the period  768,774   (20,722,455)  (2,639,837)             Earnings/(Loss) per share attributable to owners of the Company            Basic and diluted  0.062   (1.068)  (0.136)             Weighted average number of ordinary shares            Basic and diluted  12,500,000   19,071,771   19,071,771              

Related News