PN Smart Energy Ltd
PN Nasdaq Wholesale-Computers & Peripheral Equipment & Software Financials FY2023–FY2025
What PN Smart Energy Ltd does
No business description yet.
- Legal name
- PN Smart Energy Ltd
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 20-F · Feb 12, 2026
- Accession · CIK
- 0001213900-26-015180
0002001288
Revenue and margins
PN Smart Energy Ltd had $63.3M of revenue in fiscal 2025, up 27.0% 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 $2.4M in fiscal 2025, 3.8% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
PN Smart Energy Ltd returned — to shareholders in fiscal 2025. The diluted share count rose 4.6%.
Balance sheet
Cash, debt and the ratios that show how comfortably PN Smart Energy Ltd can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $5.9M | $5.2M | $9.4M |
| Interest coverage | 30.6x | 5.5x | −12.3x |
| Current ratio | — | 2.0x | 1.6x |
| Quick ratio | — | 1.8x | 1.4x |
| Total assets | — | $32.0M | $45.5M |
| Total liabilities | — | $13.2M | $23.0M |
| Shareholders' equity | $17.0M | $16.4M | $19.9M |
| 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 |
|---|---|---|---|
| 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 | 2 / 8 |
| Accruals ratio | — | −3.5% | −14.4% |
| Altman Z'' | — | 5.60 | 3.20 |
3 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $50.8M | $49.9M | $63.3M |
| Gross profit | $8.6M | $6.5M | $6.3M |
| Research and development | $0.6M | $1.9M | $1.7M |
| Operating income | $2.7M | $1.1M | −$2.5M |
| Interest expense | $0.1M | $0.2M | $0.2M |
| Pretax income | $2.6M | $1.3M | −$2.2M |
| Income tax | $0.8M | $0.1M | $0.0M |
| Net income | $1.1M | $0.5M | −$2.7M |
| Diluted EPS | $0.04 | $0.02 | −$0.10 |
| Diluted shares | 0.03B | 0.03B | 0.03B |
| Cash flow | |||
| Cash from operations | $0.5M | $1.6M | $2.9M |
| Capital expenditure | $0.3M | $0.2M | $0.5M |
| Free cash flow | $0.2M | $1.4M | $2.4M |
| Depreciation and amortization | $0.3M | $0.3M | $0.4M |
| Balance sheet | |||
| Cash and short-term investments | $5.9M | $5.2M | $9.4M |
| Current assets | — | $25.4M | $34.6M |
| Current liabilities | — | $12.8M | $21.7M |
| Inventory | — | $2.6M | $4.3M |
| Property and equipment, net | — | $0.5M | $0.8M |
| Intangible assets | — | $1.7M | $1.5M |
| Total assets | — | $32.0M | $45.5M |
| Total liabilities | — | $13.2M | $23.0M |
| Shareholders' equity | $17.0M | $16.4M | $19.9M |
| Margins | |||
| Gross margin | 17.0% | 13.1% | 10.0% |
| Operating margin | 5.3% | 2.2% | −4.0% |
| EBITDA margin | 5.9% | 2.9% | −3.4% |
| Net margin | 2.2% | 0.9% | −4.3% |
| FCF margin | 0.5% | 2.7% | 3.8% |
| Returns | |||
| Return on capital employed | — | 5.8% | −10.7% |
| Return on equity | 6.5% | 2.8% | −14.9% |
| Return on assets | — | 1.5% | −7.0% |
| Return on tangible equity | 6.5% | 3.2% | −14.7% |
| Growth | |||
| Revenue growth | — | −1.9% | 27.0% |
| Net income growth | — | −57.2% | −672.4% |
| EPS growth | — | −50.0% | −600.0% |
| FCF growth | — | 452.0% | 77.4% |
| Share count change | — | 0.0% | 4.6% |
| Financial health | |||
| Interest coverage | 30.6x | 5.5x | −12.3x |
| Current ratio | — | 2.0x | 1.6x |
| Quick ratio | — | 1.8x | 1.4x |
| Capital allocation | |||
| Capex / revenue | 0.6% | 0.5% | 0.7% |
| Quality scores | |||
| Piotroski F-score | — | — | 2.0 |
| Altman Z'' | — | 5.6 | 3.2 |
| Accruals ratio | — | −3.5% | −14.4% |
Source: SEC EDGAR XBRL filings (CIK 0002001288). 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.