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PHOE

Phoenix Asia Holdings Limited Ordinary Shares

PHOE

Phoenix Asia Holdings Limited Ordinary Shares • NASDAQ
$14.13 ▲ 0.07% (+0.01)
Market Cap $305.21 M
52w High $24.88
52w Low $2.31
Dividend Yield 0%
P/E 282.6
Volume 1
Outstanding Shares 21.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $2.376M ▲ $5.37M ▲ $2.26M ▲ $3.11M ▲
Q2-2025 $1.662M ▲ $4.469M ▲ $1.754M ▼ $2.715M ▲
Q4-2024 $890.578K $3.704M $1.996M $1.709M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The disclosed income statement is extremely light, which likely reflects either very early reporting as a new listing or a simplified snapshot rather than the full operating picture. Reported revenue is tiny and there is no meaningful margin data, so it is hard to judge profitability or efficiency. Given the company’s long operating history in Hong Kong, the underlying business is probably project‑based and lumpy, with results heavily dependent on timing and mix of contracts. Overall, the public income data so far is too thin to draw firm conclusions on earnings quality, cost control, or sustainable profit levels.

Balance Sheet

Balance Sheet The summarized balance sheet shows a very small asset base and effectively no debt, equity, or cash in the historical periods provided. That likely means two things: first, these numbers understate the real scale of the long‑standing operating entity; second, the company does not appear to be highly leveraged based on what is shown. The recent IPO should have added fresh capital and cash to the balance sheet, but that is not yet reflected in the data provided. Until more detailed post‑IPO figures are available, it is difficult to assess financial strength, buffer against downturns, or the capacity to take on larger projects.

Cash Flow

Cash Flow Reported cash flow figures are essentially blank, which gives no visibility into how well the business converts projects and earnings into actual cash. For a construction subcontractor, cash flow management is critical because payment terms, project delays, and cost overruns can quickly strain liquidity. With no meaningful operating or free cash flow history shown, there is real uncertainty around how resilient the company might be through slower periods or project disruptions. The post‑IPO phase will be important to see whether new capital is used in a way that supports stable, predictable cash generation.

Competitive Edge

Competitive Edge Competitively, Phoenix Asia looks like a niche specialist rather than a general contractor. Its core strength is deep experience in substructure works—foundations, ground investigation, excavation, and drainage—built up over several decades in Hong Kong. Regulatory registrations and specialist certifications create a barrier to entry and help reinforce its standing with government and large private clients. Long relationships with customers and suppliers also support repeat work. On the risk side, the business appears highly focused on one geography and a relatively small group of clients, which can magnify the impact of any slowdown in Hong Kong construction activity or the loss of a major customer. As a subcontractor, it may also face pricing pressure from main contractors, especially in competitive bidding environments.

Innovation and R&D

Innovation and R&D Innovation here is practical and equipment‑driven rather than laboratory R&D. Management plans to use part of the IPO proceeds to buy more advanced machinery, likely to improve speed, precision, and safety in complex ground and foundation work. They also intend to expand the workforce and strengthen the brand, which can support winning more and larger projects. The company emphasizes technical know‑how in solving difficult substructure problems, and appears open to adopting modern engineering methods and software. The key question is whether these investments translate into clearly better execution, stronger margins, and a visible edge versus other specialized contractors over time.

Summary

Phoenix Asia combines a long operating history in a very specific niche of Hong Kong construction with the fresh capital and visibility of a recent U.S. listing. Qualitatively, its strengths lie in specialization, regulatory credentials, experience on complex sites, and long‑standing industry relationships. However, the financial disclosures provided here are extremely minimal, so it is hard to judge current scale, profitability, or cash‑flow quality. The business is also exposed to Hong Kong’s project pipeline, government infrastructure priorities, and a concentrated customer base. The coming years will hinge on how effectively the company turns IPO funds into upgraded equipment, added capacity, and a stronger market position—and whether that shows up in clearer, more robust financial results and healthier cash flows as more detailed reporting becomes available.

NEWS

November 3, 2025 · 7:30 AM UTC

Phoenix Asia Holdings Limited Announces Addition to Board of Directors

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September 2, 2025 · 8:30 AM UTC

Phoenix Asia Holdings Limited Announces Addition to Board of Directors

Read more