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NASDAQ · SERVICES-MISCELLANEOUS BUSINESS SERVICES · SMALL CAP

Powell Max Ltd. PMAX

3 fiscal years on record · HKD · FY2024 reported · SEC filings only
HKD 36.5M
▼ 25.8% YoY
HKD -18.1M
▼ 355.3% YoY
HKD -12.9M
▼ 289.0% YoY

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

In brief

What this company does

We are a financial communications services provider focused on supporting the disclosure, reporting and transaction needs of corporate clients and their advisors. We are a holding company incorporated in the British Virgin Islands, with operations conducted through our Hong Kong subsidiaries, JAN Financial Press Limited, or JAN Financial, and Miracle Media Production Limited, or Miracle Media. Founded in 2019, we provide financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Miracle Media became our wholly-owned subsidiary in February 2025. In February 2025, we expanded our operating platform through the acquisition of Miracle Media. The financial communications services industry in Hong Kong is highly competitive and remains fragmented. We face competition from a range of financial communications services providers, financial printers, translation and language solutions providers, design and production service provider

Written from the business description in Powell Max Ltd's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

HKD 36.5M
Revenue, FY2024 · full 3-year series below
Revenue HKD M Net income HKD M
FY2024 · Revenue 36.5 · Net income -18.1
20M40M-10M-20M
202220232024
Compound annual growth
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

−50 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -44.0% · Net -49.6%
5%10%15%-20%-40%
202220232024
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

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.

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow HKD M
FY2024 · FCF -12.9
2.5M5.0M-5.0M-10.0M
202220232024

Total assetsHKD 62.6M
CashHKD 42.2M
Current ratio1.45×

Not available: we don't have the total debt figure for this period.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · HKD
row low → row highnegative—not applicable◌not available in our data
PMAX, 3-year financial record
Metric 202420232022
Revenue HKD B0.00.00.0
Operating income HKD B−0.00.00.0
EBITDA HKD B◌◌◌
Income tax HKD B◌◌◌
Net income HKD B−0.00.0−0.0
Free cash flow HKD B−0.00.00.0
EPS, diluted HKD −1.370.56−0.01
Dividend / sh HKD ◌◌◌
Payout % — not applicable: no dividend———
ROE % — not applicable: negative equity———

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

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 13 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Miscellaneous Business Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code D8
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2022

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