Powell Max Limited Announces First Half 2025 Unaudited Financial Results
Powell Max Limited (NASDAQ: PMAX), a Hong Kong-based financial communications services provider, reported its H1 2025 unaudited financial results. The company's revenue increased by 5.3% to HK$23.9 million (US$3.1 million), primarily driven by the acquisition of Miracle Media in February 2025.
However, the company recorded a significant net loss of HK$20.4 million (US$2.6 million), compared to a profit of HK$0.8 million in H1 2024. This decline was attributed to a 4.9x increase in general and administrative expenses to HK$29.4 million and a 10% rise in selling and distribution expenses to HK$3.3 million. Basic and diluted loss per share was HK$1.07, compared to earnings of HK$0.06 per share in the previous year.
Powell Max Limited (NASDAQ: PMAX), una società fornitrice di servizi di comunicazione finanziaria con sede a Hong Kong, ha comunicato i risultati finanziari non auditi del primo semestre 2025. I ricavi dell'azienda sono aumentati del 5,3% a HK$23,9 milioni (US$3,1 milioni), trainati prevalentemente dall'acquisizione di Miracle Media avvenuta a febbraio 2025.
Tuttavia, la società ha registrato una perdita netta significativa di HK$20,4 milioni (US$2,6 milioni), rispetto a un utile di HK$0,8 milioni nel primo semestre 2024. Tale diminuzione è stata attribuita a un aumento di 4,9 volte delle spese generali e amministrative a HK$29,4 milioni e a un aumento del 10% delle spese di vendita e distribuzione a HK$3,3 milioni. La perdita per azione base e diluita è stata di HK$1,07, rispetto agli utili di HK$0,06 per azione nell'anno precedente.
Powell Max Limited (NASDAQ: PMAX), una empresa de servicios de comunicaciones financieras con sede en Hong Kong, anunció sus resultados financieros no auditados del primer semestre de 2025. Los ingresos de la empresa aumentaron un 5,3% hasta HK$23,9 millones (US$3,1 millones), impulsados principalmente por la adquisición de Miracle Media en febrero de 2025.
Sin embargo, la empresa registró una pérdida neta significativa de HK$20,4 millones (US$2,6 millones), frente a un beneficio de HK$0,8 millones en el primer semestre de 2024. Este descenso se atribuyó a un aumento de 4,9 veces en los gastos generales y administrativos a HK$29,4 millones y a un incremento del 10% en los gastos de venta y distribución a HK$3,3 millones. La pérdida por acción básica y diluida fue de HK$1,07, frente a ganancias de HK$0,06 por acción en el año anterior.
Powell Max Limited (NASDAQ: PMAX), 홍콩에 본사를 둔 금융 커뮤니케이션 서비스 제공업체가 2025년 상반기 비감사 재무실적를 발표했습니다. 회사의 매출은 5.3% 증가하여 HK$2390만(미화 310만 달러)로, 2025년 2월 Miracle Media 인수에 의해 주로 견조하게 성장했습니다.
그러나 회사는 HK$2,040만(미화 260만 달러)의 큰 순손실을 기록했고, 전년 동기(상반기 2024) 대비 흑자 HK$0.8백만에서 감소했습니다. 이 감소는 일반관리비의 4.9배 증가로 HK$29.4백만에 이르고, 매상 및 유통비의 10% 증가로 HK$3.3백만에 이른 데에 기인합니다. 기초 및 희석 주당손실은 HK$1.07로, 전년도의 주당이익 HK$0.06에 비해 감소했습니다.
Powell Max Limited (NASDAQ: PMAX), société basée à Hong Kong spécialisée dans les services de communication financière, a publié ses résultats financiers non audités du premier semestre 2025. Le chiffre d'affaires de l'entreprise a augmenté de 5,3% pour atteindre HK$23,9 millions (US$3,1 millions), principalement grâce à l'acquisition de Miracle Media en février 2025.
Cependant, la société a enregistré une perte nette significative de HK$20,4 millions (US$2,6 millions), contre un bénéfice de HK$0,8 million au S1 2024. Cette diminution a été attribuée à une augmentation de 4,9 fois des dépenses générales et administratives à HK$29,4 millions et à une augmentation de 10% des dépenses de vente et distribution à HK$3,3 millions. La perte par action basique et diluée s'établit à HK$1,07, contre un bénéfice de HK$0,06 par action l'année précédente.
Powell Max Limited (NASDAQ: PMAX), ein in Hongkong ansässiger Anbieter von Finanzkommunikationsdienstleistungen, hat seine nicht geauditierten Ergebnisse für das erste Halbjahr 2025 veröffentlicht. Der Umsatz des Unternehmens stieg um 5,3% auf HK$23,9 Mio. (US$3,1 Mio.), hauptsächlich getrieben durch die Übernahme von Miracle Media im Februar 2025.
Allerdings verzeichnete das Unternehmen einen signifikanten Nettoverlust von HK$20,4 Mio. (US$2,6 Mio.), verglichen mit einem Gewinn von HK$0,8 Mio. im ersten Halbjahr 2024. Dieser Rückgang wurde auf eine 4,9-fache Erhöhung der allgemeinen und administrativen Ausgaben auf HK$29,4 Mio. und einen Anstieg der Vertriebs- und Vertriebskosten um 10% auf HK$3,3 Mio. zurückgeführt. Der Grund- und verwässerte Verlust pro Aktie betrug HK$1,07, verglichen mit einem Gewinn von HK$0,06 pro Aktie im Vorjahr.
Powell Max Limited (NASDAQ: PMAX)، وهي مزود لخدمات الاتصالات المالية مقره هونغ كونغ، أعلن عن نتائجه المالية غير المدققة للنصف الأول من 2025. ارتفع الإيراد للشركة بمعدل 5.3% ليصل إلى HK$23.9 مليون (US$3.1 مليون)، ويرجع ذلك أساساً إلى استحواذ Miracle Media في فبراير 2025.
مع ذلك، سجلت الشركة خسارة صافية كبيرة قدرها HK$20.4 مليون (US$2.6 مليون)، مقارنةً بربح قدره HK$0.8 مليون في النصف الأول من 2024. عُزيت هذه الانخفاضات إلى زيادة قدرها 4.9x في المصروفات العامة والإدارية إلى HK$29.4 مليون وارتفاع بنسبة 10% في مصروفات البيع والتوزيع إلى HK$3.3 مليون. وكانت خسارة السهم الأساسية والمخففة HK$1.07، مقارنةً بأرباح قدرها HK$0.06 للسهم في العام السابق.
Powell Max Limited (NASDAQ: PMAX)，一家总部位于香港的金融传播服务提供商，公布了其2025年上半年的未经审计财务业绩。公司收入同比增长5.3%至HK$2390万（US$310万美元），主要受2025年2月收购 Miracle Media 的推动。
然而，公司记录了显著的
净亏损HK$2040万（US$260万美元）
，较2024年上半年的HK$0.8百万利润相比大幅下降。这一下降归因于一般及行政支出增长4.9倍至HK$2940万，以及销售及分销支出增长10%至HK$330万。基本及摊薄后每股亏损为HK$1.07，较上一年度每股收益HK$0.06。- Revenue growth of 5.3% year-over-year to HK$23.9 million
- Strategic acquisition of Miracle Media contributing HK$1.5 million to revenue
- Increased investment in sales team and marketing to maintain market presence
- Significant net loss of HK$20.4 million compared to profit in H1 2024
- 4.9x increase in general and administrative expenses to HK$29.4 million
- 10% increase in selling and distribution expenses amid reduced capital market activities
- Basic and diluted loss per share of HK$1.07 compared to earnings of HK$0.06 in prior year
Insights
Powell Max's revenue grew 5.3%, but swung to HK$20.4M loss due to 4.9x increase in administrative expenses following acquisition.
Powell Max's H1 2025 results reveal concerning financial trends despite modest revenue growth. While the company achieved a
This dramatic profitability decline stems from a
The significant deterioration in profitability has directly impacted shareholder value, with earnings per share plummeting from a positive
HONG KONG, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications services provider headquartered in Hong Kong, today announced its unaudited interim condensed financial results for the six months ended June 30, 2025.
Overview:
- Revenue was HK
$23.9 million (US$3.1 million ) for the six months ended June 30, 2025, representing an increase of5.3% for the same period in 2024. - Net loss was HK
$20.4 million (US$2.6) for the six months ended June 30, 2025, as compared with the profit of HK$0.8 million for the same period in 2024.
Six Month Financial Results Ended June 30, 2025
Revenue. Revenue increased by
General and administrative expenses. General and administrative expenses increased by 4.9 times from HK
Selling and distribution expenses. Selling and distribution expenses increased by
Net loss. Net loss for the period ended June 30, 2025 was HK
Basic and diluted loss per share. Basic and diluted loss per share was HK
About Powell Max Limited
Powell Max Limited is a financial communications services provider headquartered in Hong Kong. The Company engages in the provision of financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. The Company’s clients consist of domestic and international companies listed in Hong Kong, together with companies who are seeking to list in Hong Kong, as well as their advisors.
Exchange Rate Information
The Company is a holding company with operations conducted in Hong Kong through JAN Financial Press Limited (“JAN Financial”) and Miracle Media, its operating subsidiaries. The reporting currency of JAN Financial and Miracle Media is Hong Kong dollars. The Hong Kong dollar is pegged to the U.S. dollar at a range of HK
Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Rounding Amounts and Percentages
Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding.
For investor and media inquiries, please contact:
Company Info:
Powell Max Limited
Investor Relations
ir@janfp.com
(852) 2158 2888
| POWELL MAX LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2024 AND UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2025 | ||||||||||||
| As of December 31, 2024 (audited) | As of June 30, 2025 (unaudited) | |||||||||||
| HK$ | HK$ | US$ | ||||||||||
| ASSETS | ||||||||||||
| Non-current assets | ||||||||||||
| Goodwill | — | 28,116,846 | 3,581,809 | |||||||||
| Property, plant and equipment | 4,253,686 | 7,861,254 | 1,001,447 | |||||||||
| Total non-current assets | 4,253,686 | 35,978,100 | 4,583,256 | |||||||||
| Current assets | ||||||||||||
| Trade and other receivables | 16,096,160 | 15,018,674 | 1,913,231 | |||||||||
| Cash and bank balances | 42,222,014 | 8,894,909 | 1,133,124 | |||||||||
| Total current assets | 58,318,174 | 23,913,583 | 3,046,355 | |||||||||
| Total assets | 62,571,860 | 59,891,683 | 7,629,611 | |||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Current liabilities | ||||||||||||
| Trade and other payables | 12,990,458 | 11,930,106 | 1,519,778 | |||||||||
| Contract liabilities | 1,310,435 | 622,226 | 79,265 | |||||||||
| Bank borrowings | 3,845,863 | 3,368,086 | 429,061 | |||||||||
| Lease liabilities | 1,376,122 | 2,910,354 | 370,751 | |||||||||
| Derivative | 6,756,516 | — | — | |||||||||
| Convertible promissory notes | 13,860,647 | — | — | |||||||||
| Total current liabilities | 40,140,041 | 18,830,772 | 2,398,855 | |||||||||
| Non-current liabilities | ||||||||||||
| Trade and other payables | 150,000 | 150,000 | 19,109 | |||||||||
| Lease liabilities | 1,014,182 | 3,357,693 | 427,737 | |||||||||
| Total non-current liabilities | 1,164,182 | 3,507,693 | 446,846 | |||||||||
| Total liabilities | 41,304,223 | 22,338,465 | 2,845,701 | |||||||||
| Equity attributable to owners of the Company | ||||||||||||
| Share capital | 11,457 | 15,253 | 1,943 | |||||||||
| Accumulated losses | (33,754,822 | ) | (54,477,277 | ) | (6,939,869 | ) | ||||||
| Reserves | 55,011,002 | 92,015,242 | 11,721,836 | |||||||||
| Total equity | 21,267,637 | 37,553,218 | 4,783,910 | |||||||||
| Total liabilities and equity | 62,571,860 | 59,891,683 | 7,629,611 | |||||||||
| POWELL MAX LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 | ||||||||||||
| Six months ended June 30, | ||||||||||||
| 2024 (unaudited) | 2025 (unaudited) | |||||||||||
| HK$ | HK$ | US$ | ||||||||||
| Revenue | 22,732,219 | 23,943,656 | 3,050,186 | |||||||||
| Cost of sales | (12,549,020 | ) | (12,938,874 | ) | (1,648,285 | ) | ||||||
| Gross profit | 10,183,199 | 11,004,782 | 1,401,901 | |||||||||
| Other income and gain | 26,247 | 2,628,073 | 334,790 | |||||||||
| General and administrative expenses | (6,000,158 | ) | (29,440,811 | ) | (3,750,469 | ) | ||||||
| Selling and distribution expenses | (3,005,905 | ) | (3,347,044 | ) | (426,381 | ) | ||||||
| Allowance of expected credit loss - trade receivables | (228,666 | ) | (730,257 | ) | (93,028 | ) | ||||||
| Profit/(Loss) from operations | 974,717 | (19,885,257 | ) | (2,533,187 | ) | |||||||
| Finance costs | (193,581 | ) | (479,994 | ) | (61,146 | ) | ||||||
| Profit/(Loss) before income tax | 781,136 | (20,365,251 | ) | (2,594,333 | ) | |||||||
| Income tax expense | — | — | — | |||||||||
| Profit/(Loss) for the period | 781,136 | (20,365,251 | ) | (2,594,333 | ) | |||||||
| Other comprehensive income/(loss): | ||||||||||||
| Exchange differences on translation foreign operations | (12,362 | ) | (357,204 | ) | (45,504 | ) | ||||||
| Total comprehensive income/(loss) for the period | 768,774 | (20,722,455 | ) | (2,639,837 | ) | |||||||
| Earnings/(Loss) per share attributable to owners of the Company | ||||||||||||
| Basic and diluted | 0.062 | (1.068 | ) | (0.136 | ) | |||||||
| Weighted average number of ordinary shares | ||||||||||||
| Basic and diluted | 12,500,000 | 19,071,771 | 19,071,771 | |||||||||
FAQ
What were Powell Max's (PMAX) key financial results for H1 2025?
How did the Miracle Media acquisition impact PMAX's H1 2025 results?
What caused Powell Max's net loss in H1 2025?
What was PMAX's earnings per share for H1 2025?
How is Powell Max addressing the reduction in Hong Kong capital market activities?
