Phoenix Asia Holdings Ltd
PHOE Nasdaq Construction - Special Trade Contractors Financials FY2023–FY2026
What Phoenix Asia Holdings Ltd does
No business description yet.
- Legal name
- Phoenix Asia Holdings Ltd
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 20-F · Aug 14, 2026
- Accession · CIK
- 0001493152-26-038397
0002035709
Revenue and margins
Phoenix Asia Holdings Ltd had $7.2M of revenue in fiscal 2026, down 2.2% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was — in fiscal 2026, — of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Phoenix Asia Holdings Ltd returned — to shareholders in fiscal 2026. The diluted share count rose 18.6%.
Balance sheet
Cash, debt and the ratios that show how comfortably Phoenix Asia Holdings Ltd can carry it.
| Fiscal year end | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash and short-term investments | — | $0.9M | $2.4M | $0.9M |
| Interest coverage | 342.5x | 1,540.9x | 1,853.9x | −484.0x |
| Current ratio | — | 1.8x | 2.2x | 5.5x |
| Quick ratio | — | 1.8x | 2.2x | 5.5x |
| Total assets | — | $3.7M | $5.4M | $7.3M |
| Total liabilities | — | $2.0M | $2.3M | $1.2M |
| Shareholders' equity | $0.7M | $1.7M | $3.1M | $6.2M |
| Net debt (− = net cash) | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ |
| Cash from operations is positive | ✕ | ✓ | ✓ | ✕ |
| Return on assets rose | — | — | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✕ | ✓ | ✕ |
| Debt fell relative to assets | — | — | — | — |
| Current ratio rose | — | — | ✓ | ✓ |
| Share count didn't rise | — | ✓ | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | — | — | ✕ | ✕ |
| F-score | — / 3 | — / 5 | 5 / 8 | 1 / 8 |
| Accruals ratio | — | 13.9% | −3.4% | 71.3% |
| Altman Z'' | — | 7.29 | 8.13 | 9.59 |
4 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $2.2M | $5.8M | $7.4M | $7.2M |
| Gross profit | $0.6M | $1.5M | $2.2M | $0.3M |
| Operating income | $0.4M | $1.2M | $1.3M | −$1.2M |
| Interest expense | $0.0M | $0.0M | $0.0M | $0.0M |
| Pretax income | $0.4M | $1.2M | $1.3M | −$1.2M |
| Income tax | $0.0M | $0.2M | $0.3M | −$0.0M |
| Net income | $0.4M | $1.1M | $1.0M | −$1.2M |
| Net income to common | $0.4M | $1.1M | $1.0M | −$1.2M |
| Diluted EPS | $0.02 | $0.07 | $0.06 | −$0.06 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||
| Cash from operations | −$0.1M | $0.5M | $1.2M | −$5.7M |
| Capital expenditure | $0.0M | — | $0.0M | — |
| Free cash flow | −$0.1M | — | $1.1M | — |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.0M |
| Balance sheet | ||||
| Cash and short-term investments | — | $0.9M | $2.4M | $0.9M |
| Finance lease liabilities | — | $0.0M | $0.0M | $0.0M |
| Current assets | — | $3.5M | $5.0M | $6.1M |
| Current liabilities | — | $2.0M | $2.2M | $1.1M |
| Property and equipment, net | — | $0.1M | $0.1M | $0.0M |
| Total assets | — | $3.7M | $5.4M | $7.3M |
| Total liabilities | — | $2.0M | $2.3M | $1.2M |
| Shareholders' equity | $0.7M | $1.7M | $3.1M | $6.2M |
| Margins | ||||
| Gross margin | 25.4% | 25.8% | 29.5% | 4.6% |
| Operating margin | 16.9% | 21.4% | 17.6% | −16.8% |
| EBITDA margin | 17.9% | 21.7% | 18.0% | −16.4% |
| Net margin | 15.8% | 18.4% | 13.9% | −16.7% |
| FCF margin | −3.6% | — | 15.5% | — |
| Returns | ||||
| Return on capital employed | — | 71.0% | 41.5% | −19.5% |
| Return on equity | 53.8% | 89.5% | 42.6% | −25.9% |
| Return on assets | — | 28.5% | 22.6% | −18.9% |
| Return on tangible equity | 53.8% | 61.8% | 33.0% | −19.5% |
| Growth | ||||
| Revenue growth | — | 158.3% | 28.1% | −2.2% |
| Net income growth | — | 200.9% | −2.9% | −217.0% |
| EPS growth | — | 250.0% | −14.3% | −200.0% |
| Share count change | — | 0.0% | 12.5% | 18.6% |
| Financial health | ||||
| Interest coverage | 342.5x | 1,540.9x | 1,853.9x | −484.0x |
| Current ratio | — | 1.8x | 2.2x | 5.5x |
| Quick ratio | — | 1.8x | 2.2x | 5.5x |
| Capital allocation | ||||
| Capex / revenue | 1.0% | — | 0.6% | — |
| Quality scores | ||||
| Piotroski F-score | — | — | 5.0 | 1.0 |
| Altman Z'' | — | 7.3 | 8.1 | 9.6 |
| Accruals ratio | — | 13.9% | −3.4% | 71.3% |
Source: SEC EDGAR XBRL filings (CIK 0002035709). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.