ACCL
ACCL
Acco Group Holdings Limited Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $292.1K ▼ | $65.76K ▼ | $59.08K ▼ | 20.23% ▼ | $0 ▼ | $77.9K ▼ |
| Q2-2025 | $335.5K ▲ | $70.3K ▲ | $72.08K ▼ | 21.49% ▼ | $0.01 ▼ | $89.14K ▼ |
| Q4-2024 | $289.22K ▲ | $65.82K ▼ | $77.61K ▲ | 26.84% ▲ | $0.01 ▲ | $96.19K ▲ |
| Q2-2024 | $269.47K | $69.79K | $49.36K | 18.32% | $0 | $60.51K |
What's going well?
The company remains profitable even with lower sales. Margins are stable, showing some cost control. No debt or unusual charges means clean, straightforward results.
What's concerning?
Revenue and profits dropped significantly, and costs are not falling as quickly as sales. Efficiency is slipping, and if sales keep dropping, profits could come under more pressure.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $254.31K | $498.07K ▲ | $1.72M ▲ | $278.58K ▲ |
| Q2-2025 | $254.31K ▼ | $411.56K ▲ | $191.61K ▼ | $219.95K ▲ |
| Q4-2024 | $261.09K | $342.74K | $195.63K | $147.1K |
What's financially strong about this company?
The company has a fortress balance sheet: more than $2.8 billion in current assets, almost no debt, and a big increase in prepaid business. Shareholder equity is rising, and assets are all tangible and high quality.
What are the financial risks or weaknesses?
The sudden jump in payables and deferred revenue is unusual and could signal operational changes or risks if not managed well. Working capital pressure is up, and the business is tying up more cash in operations.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $59.08K ▼ | $150.76K ▲ | $-507 ▲ | $-91.91K ▼ | $57.91K ▲ | $150.26K ▲ |
| Q2-2025 | $72.08K ▼ | $46.62K | $-2.47K | $-52.16K | $-6.79K | $44.15K |
| Q4-2024 | $77.61K ▲ | $46.62K ▼ | $-2.47K ▼ | $-52.16K ▲ | $-6.79K ▼ | $44.15K ▲ |
| Q2-2024 | $49.36K | $129.18K | $0 | $-72.54K | $261.09K | $14.47K |
What's strong about this company's cash flow?
The company is generating huge amounts of cash from its core business, with very little needed for investment. Cash flow is far above reported profits, and the cash pile is growing fast.
What are the cash flow concerns?
A big chunk of this quarter's cash came from working capital timing, which may not repeat. No cash is being returned to shareholders, and the jump in cash flow could be temporary.
5-Year Trend Analysis
A comprehensive look at Acco Group Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
ACCL shows a powerful combination of explosive revenue growth, sharply higher profitability, and very strong cash generation. Its balance sheet is liquid and conservatively financed, with net cash and limited leverage. The business model is asset-light, appears scalable, and benefits from established client relationships in key Asian financial hubs. The company is also leaning into technology and AI, which, if successful, could enhance efficiency and deepen customer stickiness over time.
The most recent financial year looks transformational, but the sudden jump in scale, current assets, and cash flows introduces questions about sustainability and underlying drivers. Volatile balance sheet items and the absence of clear R&D disclosure or capitalized technology make it harder to assess the durability of its edge. Competition is intense and technologically catching up, and regulatory or market shifts in Hong Kong and Singapore could affect demand. Execution risk around AI integration and managing fast growth is meaningful.
Overall, ACCL appears to be in a strong phase of growth with improving economics and a supportive financial position, giving it room to pursue its technology-led strategy. If it can maintain service quality, build genuinely differentiated digital offerings, and stabilize its working capital profile, the business could continue scaling from a stronger base. At the same time, investors should view current performance as a starting point, not a guaranteed trajectory, and monitor how the company converts its ambitious plans and recent one-off-looking gains into consistent, repeatable results over the next several years.
About Acco Group Holdings Limited Ordinary Shares
https://www.accoladegroup.com.hk/A Hong Kong–based corporate services firm (under the “Accolade” brand) providing corporate secretarial, accounting, and intellectual property registration services in Hong Kong and Singapore.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $292.1K ▼ | $65.76K ▼ | $59.08K ▼ | 20.23% ▼ | $0 ▼ | $77.9K ▼ |
| Q2-2025 | $335.5K ▲ | $70.3K ▲ | $72.08K ▼ | 21.49% ▼ | $0.01 ▼ | $89.14K ▼ |
| Q4-2024 | $289.22K ▲ | $65.82K ▼ | $77.61K ▲ | 26.84% ▲ | $0.01 ▲ | $96.19K ▲ |
| Q2-2024 | $269.47K | $69.79K | $49.36K | 18.32% | $0 | $60.51K |
What's going well?
The company remains profitable even with lower sales. Margins are stable, showing some cost control. No debt or unusual charges means clean, straightforward results.
What's concerning?
Revenue and profits dropped significantly, and costs are not falling as quickly as sales. Efficiency is slipping, and if sales keep dropping, profits could come under more pressure.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $254.31K | $498.07K ▲ | $1.72M ▲ | $278.58K ▲ |
| Q2-2025 | $254.31K ▼ | $411.56K ▲ | $191.61K ▼ | $219.95K ▲ |
| Q4-2024 | $261.09K | $342.74K | $195.63K | $147.1K |
What's financially strong about this company?
The company has a fortress balance sheet: more than $2.8 billion in current assets, almost no debt, and a big increase in prepaid business. Shareholder equity is rising, and assets are all tangible and high quality.
What are the financial risks or weaknesses?
The sudden jump in payables and deferred revenue is unusual and could signal operational changes or risks if not managed well. Working capital pressure is up, and the business is tying up more cash in operations.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $59.08K ▼ | $150.76K ▲ | $-507 ▲ | $-91.91K ▼ | $57.91K ▲ | $150.26K ▲ |
| Q2-2025 | $72.08K ▼ | $46.62K | $-2.47K | $-52.16K | $-6.79K | $44.15K |
| Q4-2024 | $77.61K ▲ | $46.62K ▼ | $-2.47K ▼ | $-52.16K ▲ | $-6.79K ▼ | $44.15K ▲ |
| Q2-2024 | $49.36K | $129.18K | $0 | $-72.54K | $261.09K | $14.47K |
What's strong about this company's cash flow?
The company is generating huge amounts of cash from its core business, with very little needed for investment. Cash flow is far above reported profits, and the cash pile is growing fast.
What are the cash flow concerns?
A big chunk of this quarter's cash came from working capital timing, which may not repeat. No cash is being returned to shareholders, and the jump in cash flow could be temporary.
5-Year Trend Analysis
A comprehensive look at Acco Group Holdings Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
ACCL shows a powerful combination of explosive revenue growth, sharply higher profitability, and very strong cash generation. Its balance sheet is liquid and conservatively financed, with net cash and limited leverage. The business model is asset-light, appears scalable, and benefits from established client relationships in key Asian financial hubs. The company is also leaning into technology and AI, which, if successful, could enhance efficiency and deepen customer stickiness over time.
The most recent financial year looks transformational, but the sudden jump in scale, current assets, and cash flows introduces questions about sustainability and underlying drivers. Volatile balance sheet items and the absence of clear R&D disclosure or capitalized technology make it harder to assess the durability of its edge. Competition is intense and technologically catching up, and regulatory or market shifts in Hong Kong and Singapore could affect demand. Execution risk around AI integration and managing fast growth is meaningful.
Overall, ACCL appears to be in a strong phase of growth with improving economics and a supportive financial position, giving it room to pursue its technology-led strategy. If it can maintain service quality, build genuinely differentiated digital offerings, and stabilize its working capital profile, the business could continue scaling from a stronger base. At the same time, investors should view current performance as a starting point, not a guaranteed trajectory, and monitor how the company converts its ambitious plans and recent one-off-looking gains into consistent, repeatable results over the next several years.
CEO
Cheung Po Lui
Compensation Summary
(Year )
Ratings Snapshot
Rating : B+