NASDAQ : PHOE
Phoenix Asia Holdings Limited — Financial statements
Industrials · Engineering & Construction · Hong Kong
Last price 16.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 356.40M
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Financial statements
Phoenix Asia Holdings Limited (PHOE) reported revenue of 7.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | 7.21M | 7.21M | 7.37M | 5.76M | 2.23M |
| Cost of Revenue | 6.88M | 6.88M | 5.19M | 4.27M | 1.66M |
| Gross Profit | 329.66K | 329.66K | 2.18M | 1.48M | 565.26K |
| Selling, General & Admin | 1.54M | 1.54M | 878.19K | 251.49K | 188.48K |
| Operating Expenses | 1.54M | 1.54M | 878.19K | 251.49K | 188.48K |
| Operating Income | -1.21M | -1.21M | 1.30M | 1.23M | 376.78K |
| Interest Expense | -2.48K | -2.48K | -733.00 | -820.00 | -1.14K |
| Interest & Investment Income | 9.05K | 9.05K | 63.00 | 1.38K | |
| Other Non Operating Income (Expenses) | 1.31K | ||||
| EBT Excluding Unusual Items | -1.20M | -1.20M | 1.30M | 1.23M | 376.95K |
| Gain (Loss) on Sale of Assets | 6.41K | 2.56K | |||
| Other Unusual Items | 12.31K | ||||
| Pretax Income | -1.20M | -1.20M | 1.30M | 1.24M | 391.83K |
| Income Tax Expense | -2.38K | -2.38K | 270.67K | 183.07K | 40.76K |
| Net Income | -1.20M | -1.20M | 1.03M | 1.06M | 351.06K |
| Net Income to Common | -1.20M | -1.20M | 1.03M | 1.06M | 351.06K |
| Shares Outstanding (Basic) | 21.49M | 21.49M | 18.12M | 16.10M | 16.10M |
| Shares Outstanding (Diluted) | 21.49M | 21.49M | 18.12M | 16.10M | 16.10M |
| EPS (Basic) | -0.06 | -0.06 | 0.06 | 0.07 | 0.02 |
| EPS (Diluted) | -0.06 | -0.06 | 0.06 | 0.07 | 0.02 |
| Free Cash Flow | -5.73M | -5.73M | 1.14M | 540.33K | -79.72K |
| Free Cash Flow Per Share | -0.27 | -0.27 | 0.06 | 0.03 | -0.01 |
| Gross Margin | 4.58% | 4.58% | 29.52% | 25.79% | 25.36% |
| Operating Margin | -16.79% | -16.79% | 17.61% | 21.42% | 16.91% |
| Profit Margin | -16.67% | -16.67% | 13.93% | 18.36% | 15.75% |
| Free Cash Flow Margin | -79.49% | -79.49% | 15.46% | 9.39% | -3.58% |
| EBITDA | -1.18M | -1.18M | 1.33M | 1.25M | 398.11K |
| EBITDA Margin | -16.40% | -16.40% | 18.02% | 21.74% | 17.87% |
| D&A For EBITDA | 28.40K | 28.40K | 30.79K | 18.56K | 21.33K |
| EBIT | -1.21M | -1.21M | 1.30M | 1.23M | 376.78K |
| EBIT Margin | -16.79% | -16.79% | 17.61% | 21.42% | 16.91% |
| Effective Tax Rate | 20.87% | 14.77% | 10.40% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 892.52K | 892.52K | 2.38M | 890.58K | 377.75K |
| Short-Term Investments | 402.39K | 402.39K | 16.78K | 6.65K | 7.94K |
| Cash & Short-Term Investments | 1.29M | 1.29M | 2.39M | 897.23K | 385.68K |
| Receivables | 4.80M | 4.80M | 1.68M | 2.57M | 1.01M |
| Other Current Assets | 947.59K | ||||
| Total Current Assets | 6.10M | 6.10M | 5.02M | 3.46M | 1.39M |
| Property, Plant & Equipment | 85.63K | 85.63K | 68.40K | 81.12K | 96.20K |
| Long-Term Accounts Receivable | 220.77K | 220.77K | 273.51K | 157.29K | 110.77K |
| Long-Term Deferred Tax Assets | 9.49K | 9.49K | 7.10K | 1.20K | |
| Other Long-Term Assets | 910.29K | 910.29K | |||
| Total Assets | 7.32M | 7.32M | 5.37M | 3.70M | 1.60M |
| Accounts Payable | 569.55K | 569.55K | 1.35M | 1.47M | 348.64K |
| Accrued Expenses | 238.42K | 238.42K | 696.97K | 81.10K | 18.78K |
| Current Portion of Leases | 27.69K | 27.69K | 11.28K | 26.57K | 31.00K |
| Current Income Taxes Payable | 240.97K | 240.97K | 23.06K | 222.43K | 24.85K |
| Current Unearned Revenue | 34.77K | ||||
| Other Current Liabilities | 39.77K | 39.77K | 157.26K | 164.06K | 394.83K |
| Total Current Liabilities | 1.12M | 1.12M | 2.24M | 1.97M | 852.86K |
| Long-Term Leases | 37.60K | 37.60K | 13.78K | 24.61K | 40.24K |
| Long-Term Deferred Tax Liabilities | 46.04K | ||||
| Other Long-Term Liabilities | 10.78K | 10.78K | 6.62K | 4.05K | 6.96K |
| Total Liabilities | 1.16M | 1.16M | 2.26M | 2.00M | 946.10K |
| Common Stock | 216.00 | 216.00 | 200.00 | 161.00 | 161.00 |
| Additional Paid-In Capital | 4.62M | 4.62M | 375.06K | 3.00 | 3.00 |
| Retained Earnings | 1.53M | 1.53M | 2.73M | 1.71M | 651.96K |
| Comprehensive Income & Other | -161.00 | -161.00 | |||
| Shareholders' Equity | 6.16M | 6.16M | 3.11M | 1.71M | 651.96K |
| Total Liabilities & Equity | 7.32M | 7.32M | 5.37M | 3.70M | 1.60M |
| Total Debt | 65.30K | 65.30K | 25.05K | 51.17K | 71.24K |
| Net Cash (Debt) | 1.23M | 1.23M | 2.37M | 846.06K | 314.44K |
| Net Cash Per Share | 0.06 | 0.06 | 0.13 | 0.05 | 0.02 |
| Filing Date Shares Outstanding | 21.60M | 21.60M | 21.60M | 16.10M | 16.10M |
| Total Common Shares Outstanding | 21.60M | 21.60M | 20.00M | 16.10M | 16.10M |
| Working Capital | 4.98M | 4.98M | 2.78M | 1.50M | 538.23K |
| Book Value Per Share | 0.29 | 0.29 | 0.16 | 0.11 | 0.04 |
| Tangible Book Value | 6.16M | 6.16M | 3.11M | 1.71M | 651.96K |
| Tangible Book Value Per Share | 0.29 | 0.29 | 0.16 | 0.11 | 0.04 |
| Machinery | 146.64K | 146.64K | 172.47K | 163.16K | 150.09K |
| Order Backlog | 7.48M | 7.48M | 1.05M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Net Income | -1.20M | -1.20M | 1.03M | 1.06M | 351.06K |
| Depreciation & Amortization | 50.52K | 50.52K | 53.81K | 40.72K | 43.86K |
| Loss (Gain) From Sale of Assets | -6.41K | -2.56K | |||
| Provision & Write-off of Bad Debts | -6.66K | -6.66K | 41.10K | 5.11K | -61.08K |
| Other Operating Activities | 1.77K | 1.77K | -3.33K | -50.15K | 40.62K |
| Change in Accounts Receivable | -3.06M | -3.06M | 730.15K | -1.61M | -108.86K |
| Change in Accounts Payable | -781.08K | -781.08K | -122.30K | 1.12M | -120.10K |
| Change in Unearned Revenue | -34.77K | 34.77K | |||
| Change in Income Taxes | 217.91K | 217.91K | -199.37K | 197.58K | 7.11K |
| Change in Other Net Operating Assets | -946.42K | -946.42K | -345.94K | -178.96K | -241.93K |
| Operating Cash Flow | -5.73M | -5.73M | 1.18M | 540.33K | -57.11K |
| Capital Expenditures | -41.09K | -22.61K | |||
| Sale of Property, Plant & Equipment | 6.41K | ||||
| Investing Cash Flow | -41.09K | 6.41K | -22.61K | ||
| Long-Term Debt Repaid | -5.33K | -5.33K | -28.73K | -33.91K | -8.64K |
| Net Debt Issued (Repaid) | -5.33K | -5.33K | -28.73K | -33.91K | -8.64K |
| Issuance of Common Stock | 4.25M | 4.25M | 375.16K | ||
| Financing Cash Flow | 4.24M | 4.24M | 346.43K | -33.91K | -8.64K |
| Net Cash Flow | -1.48M | -1.48M | 1.49M | 512.83K | -88.36K |
| Free Cash Flow | -5.73M | -5.73M | 1.14M | 540.33K | -79.72K |
| Free Cash Flow Margin | -79.49% | -79.49% | 15.46% | 9.39% | -3.58% |
| Free Cash Flow Per Share | -0.27 | -0.27 | 0.06 | 0.03 | -0.01 |
| Levered Free Cash Flow | -4.02M | -4.02M | 1.05M | 367.26K | |
| Unlevered Free Cash Flow | -4.02M | -4.02M | 1.05M | 367.77K | |
| Cash Interest Paid | 800.00 | 800.00 | 800.00 | 820.00 | 1.14K |
| Cash Income Tax Paid | 475.94K | 32.73K | |||
| Change in Working Capital | -4.57M | -4.57M | 62.55K | -505.52K | -429.01K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Market Capitalization | 356.40M | 321.41M | |||
| Enterprise Value | 355.17M | 318.44M | |||
| Last Close Price | 16.73 | 14.88 | |||
| PS Ratio | 49.46 | 44.60 | |||
| PB Ratio | 58.68 | 52.19 | |||
| P/TBV Ratio | 57.87 | 52.19 | |||
| EV/Sales Ratio | 49.29 | 44.19 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.03 | 0.11 |
| Debt / EBITDA Ratio | 0.02 | 0.04 | 0.17 | ||
| Debt / FCF Ratio | 0.02 | 0.10 | |||
| Net Debt / Equity Ratio | -0.20 | -0.20 | -0.76 | -0.49 | -0.48 |
| Net Debt / EBITDA Ratio | 1.04 | 1.04 | -1.78 | -0.68 | -0.79 |
| Net Debt / FCF Ratio | 0.21 | 0.21 | -2.08 | -1.57 | 3.94 |
| Asset Turnover | 1.14 | 1.14 | 1.62 | 2.17 | |
| Quick Ratio | 5.46 | 5.46 | 1.82 | 1.76 | 1.63 |
| Current Ratio | 5.46 | 5.46 | 2.24 | 1.76 | 1.63 |
| Return on Equity (ROE) | -25.91% | -25.91% | 42.60% | 89.52% | |
| Return on Assets (ROA) | -11.92% | -11.92% | 17.88% | 29.06% | |
| Return on Invested Capital (ROIC) | -24.55% | -42.67% | 127.99% | 175.10% | 100.02% |
| Return on Capital Employed (ROCE) | -19.50% | -19.50% | 41.50% | 71.00% | 50.60% |
| Earnings Yield | -0.34% | -0.37% | |||
| FCF Yield | -1.61% | -1.78% | |||
| Buyback Yield / Dilution | -18.63% | -18.63% | -12.54% |