Powell Max Limited (PMAX)

Powell Max Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	8.89	42.22	3.66	1.4
Short-Term Investments	0.91	1.1	1.14	1.12
Cash & Short-Term Investments	9.81	43.32	4.8	2.51
Cash Growth	213.89%	801.91%	91.06%	-
Accounts Receivable	12.16	7.81	10.86	6.22
Other Receivables	0.38	0.2	0.13	0.29
Receivables	12.54	8.01	10.99	6.52
Prepaid Expenses	1.56	0.57	0.41	0.25
Other Current Assets	-	6.42	0.96	-
Total Current Assets	23.91	58.32	17.17	9.28
Property, Plant & Equipment	7.86	4.25	5.82	10.55
Total Assets	59.89	62.57	22.99	19.83
Accounts Payable	9.71	7.23	7.22	6.16
Accrued Expenses	1.77	2.6	1.44	1.58
Short-Term Debt	3.37	17.71	4.77	5.47
Current Portion of Leases	2.91	1.38	3.36	3.34
Current Unearned Revenue	0.62	1.31	1.52	3.31
Other Current Liabilities	0.46	9.92	18.71	17.68
Total Current Liabilities	18.83	40.14	37.03	37.54
Long-Term Leases	3.36	1.01	1.12	4.48
Other Long-Term Liabilities	0.15	0.15	0.15	0.15
Total Liabilities	22.34	41.3	38.3	42.18
Common Stock	0.02	0.01	0.01	0.39
Retained Earnings	-54.48	-33.75	-15.68	-22.76
Comprehensive Income & Other	0.38	55.01	0.36	0.03
Shareholders' Equity	37.55	21.27	-15.31	-22.34
Total Liabilities & Equity	59.89	62.57	22.99	19.83
Total Debt	9.64	20.1	9.25	13.29
Net Cash (Debt)	0.17	23.22	-4.45	-10.78
Net Cash Per Share	0.08	14.10	-2.85	-6.90
Filing Date Shares Outstanding	2.44	2.44	1.56	1.56
Total Common Shares Outstanding	2.44	1.84	1.56	1.56
Working Capital	5.08	18.18	-19.86	-28.26
Book Value Per Share	15.36	11.58	-9.80	-14.30
Tangible Book Value	9.44	21.27	-15.31	-22.34
Tangible Book Value Per Share	3.86	11.58	-9.80	-14.30
Buildings	-	9.55	9.55	9.55
Machinery	-	8.02	5.14	4.89
Leasehold Improvements	-	4.29	4.29	4.25

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q