What is PN Smart Energy Limited's earnings per share (EPS)?

PN Smart Energy Limited (PN) reported diluted earnings per share of $-0.10 for fiscal year 2025. This represents a -600.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

PN Smart Energy Limited Financials

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE September

This page shows PN Smart Energy Limited (PN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PN FY2025 2026-04-22

Revenue growth in FY2025 masked a lower-margin, higher-overhead model that needed working-capital collection and outside funding to stay cash-generative.

FY2025 produced a profit-and-cash split: free cash flow stayed positive at $2.4M even as net income fell to -$2.7M. The driver was not stronger margins but a working-capital release—receivables dropped from $10.7M to $9.0M while sales rose, so cash improved because collections outran accounting profit.

The operating model became lower-margin as gross margin fell from 13.1% to 10.0%. At the same time, selling costs rose to $4.8M from $1.7M, so added revenue did not create fixed-cost absorption; it sat on a thinner gross-profit base.

Liquidity still looks workable, with a current ratio of 1.6x and cash of $9.3M. But financing inflows of $8.2M also lifted that cash balance, showing the year’s expansion and investment were not funded by operations alone.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of PN Smart Energy Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

PN Smart Energy Limited has an operating margin of -4.0%, meaning the company retains $-4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 2.3% the prior year.

Growth

PN Smart Energy Limited's revenue surged 27.0% year-over-year to $63.3M, reflecting rapid business expansion. This strong growth earns a score of 69/100.

Leverage

PN Smart Energy Limited has a moderate D/E ratio of 1.16. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity

PN Smart Energy Limited's current ratio of 1.59 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

PN Smart Energy Limited has a free cash flow margin of 3.8%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

PN Smart Energy Limited generates a -13.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is down from 2.9% the prior year.

Altman Z-Score Safe

4.79

PN Smart Energy Limited scores 4.79, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($110.9M) relative to total liabilities ($23.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

PN Smart Energy Limited passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-1.07x

For every $1 of reported earnings, PN Smart Energy Limited generates $-1.07 in operating cash flow ($2.9M OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-12.3x

PN Smart Energy Limited earns $-12.3 in operating income for every $1 of interest expense (-$2.5M vs $208K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$63.3M

YoY+27.0%

PN Smart Energy Limited generated $63.3M in revenue in fiscal year 2025. This represents an increase of 27.0% from the prior year.

EBITDA

-$2.2M

YoY-250.4%

PN Smart Energy Limited's EBITDA was -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 250.4% from the prior year.

Net Income

-$2.7M

YoY-672.4%

PN Smart Energy Limited reported -$2.7M in net income in fiscal year 2025. This represents a decrease of 672.4% from the prior year.

EPS (Diluted)

$-0.10

YoY-600.0%

PN Smart Energy Limited earned $-0.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 600.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.4M

YoY+77.4%

PN Smart Energy Limited generated $2.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 77.4% from the prior year.

Cash & Debt

$9.3M

YoY+80.8%

PN Smart Energy Limited held $9.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

10.0%

YoY-3.1pp

PN Smart Energy Limited's gross margin was 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.

Operating Margin

-4.0%

YoY-6.3pp

PN Smart Energy Limited's operating margin was -4.0% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.

Net Margin

-4.3%

YoY-5.2pp

PN Smart Energy Limited's net profit margin was -4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.2 percentage points from the prior year.

Return on Equity

-13.6%

YoY-16.4pp

PN Smart Energy Limited's ROE was -13.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.7M

YoY-10.3%

PN Smart Energy Limited invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 10.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$465K

YoY+94.0%

PN Smart Energy Limited invested $465K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 94.0% from the prior year.

PN Income Statement

Metric	FY25	FY24	FY23
Revenue	$63.3M+27.0%	$49.9M-1.9%	$50.8M
Cost of Revenue	$57.0M+31.6%	$43.3M+2.7%	$42.2M
Gross Profit	$6.3M-3.6%	$6.5M-24.2%	$8.6M
R&D Expenses	$1.7M-10.3%	$1.9M+208.5%	$607K
SG&A Expenses	$4.8M+179.5%	$1.7M-39.1%	$2.8M
Operating Income	-$2.5M-327.3%	$1.1M-58.7%	$2.7M
Interest Expense	$208K+2.5%	$203K+128.4%	$89K
Income Tax	$36K-67.1%	$110K-85.4%	$752K
Net Income	-$2.7M-672.4%	$471K-57.2%	$1.1M
EPS (Diluted)	$-0.10-600.0%	$0.02-50.0%	$0.04

Metric	Q4'25	Q4'24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

PN Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$45.5M+42.4%	$32.0M	N/A
Current Assets	$34.6M+36.0%	$25.4M	N/A
Cash & Equivalents	$9.3M+80.8%	$5.2M-12.9%	$5.9M
Inventory	$4.3M+64.8%	$2.6M	N/A
Accounts Receivable	$9.0M-15.1%	$10.7M	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$23.0M+74.5%	$13.2M	N/A
Current Liabilities	$21.7M+70.2%	$12.8M	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	$19.9M+21.1%	$16.4M-3.6%	$17.0M
Retained Earnings	$11.4M-20.1%	$14.3M	N/A

Metric	Q4'25	Q4'24
Total Assets	$45.5M+42.4%	$32.0M
Current Assets	$34.6M+36.0%	$25.4M
Cash & Equivalents	$9.3M+80.8%	$5.2M
Inventory	$4.3M+64.8%	$2.6M
Accounts Receivable	$9.0M-15.1%	$10.7M
Goodwill	N/A	N/A
Total Liabilities	$23.0M+74.5%	$13.2M
Current Liabilities	$21.7M+70.2%	$12.8M
Long-Term Debt	N/A	N/A
Total Equity	$19.9M+21.1%	$16.4M
Retained Earnings	$11.4M-20.1%	$14.3M

PN Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	$2.9M+79.9%	$1.6M+190.8%	$549K
Capital Expenditures	$465K+94.0%	$240K-21.0%	$303K
Free Cash Flow	$2.4M+77.4%	$1.4M+452.1%	$246K
Investing Cash Flow	-$4.8M-8.3%	-$4.4M-95.5%	-$2.3M
Financing Cash Flow	$8.2M+339.4%	$1.9M-47.1%	$3.5M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q4'25	Q4'24
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

PN Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	10.0%-3.1pp	13.1%-3.9pp	17.0%
Operating Margin	-4.0%-6.3pp	2.3%-3.1pp	5.3%
Net Margin	-4.3%-5.2pp	0.9%-1.2pp	2.2%
Return on Equity	-13.6%-16.4pp	2.9%-3.6pp	6.5%
Return on Assets	-5.9%-7.4pp	1.5%	N/A
Current Ratio	1.59-0.4	1.99	N/A
Debt-to-Equity	1.16+0.4	0.80	N/A
FCF Margin	3.8%+1.1pp	2.7%+2.2pp	0.5%

Metric	Q4'25	Q4'24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	1.59-0.4	1.99
Debt-to-Equity	1.16+0.4	0.80
FCF Margin	N/A	N/A

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Frequently Asked Questions

What is PN Smart Energy Limited's annual revenue?

PN Smart Energy Limited (PN) reported $63.3M in total revenue for fiscal year 2025. This represents a 27.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PN Smart Energy Limited's revenue growing?

PN Smart Energy Limited (PN) revenue grew by 27% year-over-year, from $49.9M to $63.3M in fiscal year 2025.

Is PN Smart Energy Limited profitable?

No, PN Smart Energy Limited (PN) reported a net income of -$2.7M in fiscal year 2025, with a net profit margin of -4.3%.

What is PN Smart Energy Limited's EBITDA?

PN Smart Energy Limited (PN) had EBITDA of -$2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is PN Smart Energy Limited's gross margin?

PN Smart Energy Limited (PN) had a gross margin of 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is PN Smart Energy Limited's operating margin?

PN Smart Energy Limited (PN) had an operating margin of -4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is PN Smart Energy Limited's net profit margin?

PN Smart Energy Limited (PN) had a net profit margin of -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is PN Smart Energy Limited's return on equity (ROE)?

PN Smart Energy Limited (PN) has a return on equity of -13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is PN Smart Energy Limited's free cash flow?

PN Smart Energy Limited (PN) generated $2.4M in free cash flow during fiscal year 2025. This represents a 77.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is PN Smart Energy Limited's operating cash flow?

PN Smart Energy Limited (PN) generated $2.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are PN Smart Energy Limited's total assets?

PN Smart Energy Limited (PN) had $45.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are PN Smart Energy Limited's capital expenditures?

PN Smart Energy Limited (PN) invested $465K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does PN Smart Energy Limited spend on research and development?

PN Smart Energy Limited (PN) invested $1.7M in research and development during fiscal year 2025.

What is PN Smart Energy Limited's current ratio?

PN Smart Energy Limited (PN) had a current ratio of 1.59 as of fiscal year 2025, which is generally considered healthy.

What is PN Smart Energy Limited's debt-to-equity ratio?

PN Smart Energy Limited (PN) had a debt-to-equity ratio of 1.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is PN Smart Energy Limited's return on assets (ROA)?

PN Smart Energy Limited (PN) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is PN Smart Energy Limited's Altman Z-Score?

PN Smart Energy Limited (PN) has an Altman Z-Score of 4.79, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is PN Smart Energy Limited's Piotroski F-Score?

PN Smart Energy Limited (PN) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are PN Smart Energy Limited's earnings high quality?

PN Smart Energy Limited (PN) has an earnings quality ratio of -1.07x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can PN Smart Energy Limited cover its interest payments?

PN Smart Energy Limited (PN) has an interest coverage ratio of -12.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is PN Smart Energy Limited?

PN Smart Energy Limited (PN) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.