Phoenix Asia Holdings Limited Announces Unaudited Financial Results For The Six Months Ended September 30, 2025
Phoenix Asia Holdings (Nasdaq: PHOE) reported unaudited results for the six months ended September 30, 2025.
Rhea-AI Summary
Phoenix Asia Holdings (Nasdaq: PHOE) reported unaudited results for the six months ended September 30, 2025. Revenue fell 7.3% to US$3,511,591, gross profit declined 31.4% to US$741,443, and net income dropped 68.6% to US$198,336.
Cost of revenue rose 2.2% to US$2,770,148; management cited project completions and variation orders under negotiation.
Positive
- None.
Negative
- Gross profit declined by 31.4% to US$741,443
- Net income fell by 68.6% to US$198,336
- Revenue decreased by 7.3% to US$3,511,591
- Cost of revenue increased by 2.2% to US$2,770,148
Details
News Market Reaction – PHOE
In the Mar 31 session, PHOE gained 4.71%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Revenue change
- -7.3%
- Six months ended Sept 30, 2025 vs. 2024
- Revenue 1H 2025
- US$3,511,591
- Six months ended Sept 30, 2025
- Revenue 1H 2024
- US$3,789,610
- Six months ended Sept 30, 2024
- Gross profit change
- -31.4%
- Six months ended Sept 30, 2025 vs. 2024
- Gross profit 1H 2025
- US$741,443
- Six months ended Sept 30, 2025
- Gross profit 1H 2024
- US$1,080,232
- Six months ended Sept 30, 2024
- Net income change
- -68.6%
- Six months ended Sept 30, 2025 vs. 2024
- Net income 1H 2025
- US$198,336
- Six months ended Sept 30, 2025
Historical Context
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Board size increased and two new directors appointed to add expertise.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hong Kong, March 31, 2026 (GLOBE NEWSWIRE) -- Phoenix Asia Holdings Limited (“PHOE” or the “Company”) (Nasdaq: PHOE) is an exempted company with limited liability incorporated under the laws of the Cayman Islands with no material operations of its own. The Company, through its indirectly wholly-owned operating subsidiary, Winfield Engineering (Hong Kong) Limited, is engaged in substructure works, such as site formation, ground investigation and foundation works in Hong Kong. The Company today announced its unaudited financial results for the six months ended September 30, 2025.
First Half of 2025 Financial and Operating Highlights
| ● | Total revenue decreased by | |
| ● | Gross profit decreased by | |
| ● | Net income and total comprehensive income decreased by | |
Mr. Chi Kin Kelvin Yeung , Chief Executive Officer of the Company, commented, “In our operating history of approximately 35 years, we have focused on providing substructure works. We take pride in our portfolio in substructure works. In the six months ended September 30, 2025 we continue to provide quality substructure works to our customers and expand our business. Leveraging our established track record, our expertise in substructure operations and our experienced management team, we believe we are well-positioned to capture the growth of the substructure works market in Hong Kong and expand our business.”
FINANCIAL RESULTS
Revenue
Revenue decreased by
Cost of revenue
Cost of revenue increased by
Gross profit and gross profit margin
The gross profits was US
The decrease in gross profit was mainly attributable to additional work has been necessitated with variation orders for certain projects, but the amounts of these variation orders are still under negotiation with the relevant customer.
Net income and total comprehensive income
Net income and total comprehensive income decreased by
About Phoenix Asia Holdings Limited
Phoenix Asia Holdings Limited is a Hong Kong-based company mainly engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. With a mission to become a premier substructure contractor in Hong Kong, the Company strives to deliver unparalleled customer satisfaction, the highest standards of work and safety, and exceptional craftsmanship and environmental performance. The Company conducts its business through its wholly-owned Hong Kong operating subsidiaries, Winfield Engineering (Hong Kong) Limited. For more information, please visit the Company’s website: https://ir.winfield.hk.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Phoenix Asia Holdings Limited
Investor Relations Department
Email: ir@winfield.hk/
FAQ
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