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MARKETS / NASDAQ / Industrials / Special trade contractors / PMA
NASDAQ · CONSTRUCTION - SPECIAL TRADE CONTRACTORS · SMALL CAP

PMA Graphene Technology Group Inc. PMA

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$14.6M
▼ 56.8% YoY
$-5.8M

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

In brief

What this company does

As a holding company with no material operations of our own, we conduct our business through our wholly-owned Hong Kong Operating Subsidiaries, MSHKE, MSE and Value Bright HK. We mainly engage in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works, and marble works. To a much lesser extent, we also provide small-scale fitting out services, such as renovation works to our customers. In our operating history of approximately ten years, we have focused on providing wet trades works services in the role of subcontractor and built up our expertise and track record in wet trades works.

Written from the business description in Ming Shing Group Holdings Limited's annual report to the U.S. Securities and Exchange Commission, filed 17 August 2026. Every sentence was checked against that document before publication.

Growth

USD 14.6M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 14.6 · Net income -5.8
15.0M30.0M-2.5M-5.0M
202120242025
Compound annual growth
−12.5%
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

−39 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -37.4% · Net -39.4%
5%10%-10%-20%-30%
202120232025
ROE
FY2024 · ROE -578.2%
500%1000%-200%-400%
202120232025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.
Gross margin-18.4%
Operating margin-37.4%
Net margin-39.4%
EBITDAUSD -5.4M

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 1.3
0.5M1.0M
202120232025
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 5.9M
EquityUSD -4.8M
CashUSD 1.6M
Gross debtUSD 7.1M
Net debtUSD 5.4M
Current ratio0.71×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
PMA, 5-year financial record
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.00.00.00.0
EBITDA $B−0.0−0.00.00.00.0
Income tax $B0.0−0.00.00.00.0
Net income $B−0.0−0.00.00.00.0
Free cash flow $B◌◌0.00.0◌
EPS, diluted $−0.44−0.480.210.250.22
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %—−578.2336.91027.31128.9
Shares out B0.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityConstruction - Special Trade Contractors
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsMarch 31
SEC categoryemerging growth company
Data on record since2021

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