Skip to content
MARKETS / NASDAQ / GLXG
NASDAQ · SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT · SMALL CAP

Galaxy Payroll Group Ltd. GLXG

4 fiscal years on record · HKD · FY2024 reported · SEC filings only
HKD 27.4M
▼ 8.9% YoY
HKD -27.6M
▼ 600.7% YoY
HKD -27.8M
▼ 516.6% YoY
In brief

What this company does

Our Group principally engages in payroll outsourcing and employment services. We are a holding company incorporated in the British Virgin Islands with most of our operations conducted by the Operating Entities in Hong Kong, Taiwan, Macau and the PRC. We are a payroll outsourcing service and employment service provider based in Hong Kong, providing services to our customers which are mainly categorized as (i) channels which are global human resources service providers engaged by companies/organizations to handle payroll and/or employment-related matters for their branch offices in different regions; (ii) end-users which are mainly multinational companies/organizations that outsource their payroll and/or employment functions to us directly; and (iii) end-users consult us for their future expansion worldwide.

Written from the business description in Galaxy Payroll Group Limited's annual report to the U.S. Securities and Exchange Commission, filed 24 October 2025. Every sentence was checked against that document before publication.

Growth
HKD 27.4M
Revenue, FY2024 · full 4-year series below
Revenue HKD M Net income HKD M
FY2024 · Revenue 27.4 · Net income -27.6
20M40M-10M-20M2021202220232024
Compound annual growth
−16.4%
−32.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−101 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -101.2% · Net -100.5%
20%40%-50%-100%2021202220232024
ROE
FY2024 · ROE -164.2%
50%100%-50%-100%-150%2021202220232024

Each HKD of equity lost 164 cents this year.

Cash & shareholders
HKD 5.9M
returned in FY2024 · dividends + net buybacks
Free cash flow HKD M
FY2024 · FCF -27.8
8M16M-10M-20M2021202220232024
Net buybacks HKD M Dividends HKD M
FY2024 · Dividends 5.9 · Net buybacks —
8M16M2021202220232024

HKD 5.9M in dividends went back to shareholders in a year without profit.

Total assetsHKD 39.1M
EquityHKD 27.1M
CashHKD 32.2M
DepositsHKD 500,000.00
Current ratio3.21×

Equity funds 69% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · HKD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021
Revenue HKD B0.00.00.00.0
Operating income HKD B−0.00.00.00.0
EBITDA HKD B−0.00.00.00.0
Income tax HKD B0.00.00.00.0
Net income HKD B−0.00.00.00.0
Free cash flow HKD B−0.00.00.0·
EPS, diluted HKD −15.273.445.63·
Dividend / sh HKD ····
Payout %−2117211084
ROE %−164.265.570.6148.4
Shares out B0.000.000.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Engineering, Accounting, Research, Management
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2021

Share this section

Download image