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GLXG on Nasdaq

Galaxy Payroll Group Ltd

Galaxy Payroll Group Ltd is an engineering, accounting, research, management services company.1 Its shares trade on Nasdaq under the symbol GLXG.1

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Last updated Oct 21, 2026.

Overview

$3.5MRevenue, fiscal 20252
-$3.5MNet income, fiscal 20252

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  • TickerGLXG on Nasdaq1
  • IndustryServices-Engineering, Accounting, Research, Management1
  • HeadquartersD81
  • Incorporated inVirgin Islands, British3
  • Business address25/F, Ovest, 77 Wing Lok Street, Sheung Wan, Hong Kong, 000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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25% shareholding in Galaxy (Seychelles) until the Former Shareholder disposed of the shares he held in Galaxy (Seychelles) in April 2015.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-101.2%Operating margin2
-100.5%Net margin2
-9.4%Revenue growth, 20252
-101.7%Return on equity2
-$3.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Payroll Outsourcing Services brought in 64% of the revenue Galaxy Payroll Group Ltd broke down this way in fiscal 2025.

  1. Payroll Outsourcing Services17.6M HKD264%up 0% from 2024
  2. Employment Services9.8M HKD236%down 22% from 2024
Products and services by year
Products and services202320242025
Payroll Outsourcing Services17.0M HKD17.6M HKD17.6M HKD
Employment Services14.5M HKD12.5M HKD9.8M HKD

Regions

PRC brought in 54% of the revenue Galaxy Payroll Group Ltd broke down this way in fiscal 2025.

  1. PRC4.9M HKD254%down 31% from 2024
  2. Taiwan2.9M HKD231%down 31% from 2024
  3. Hong Kong914.8K HKD210%up 39% from 2024
  4. KRW236.8K HKD23%up 816% from 2024
  5. Japan103.2K HKD21%up 1228% from 2024
  6. MOP77.5K HKD21%down 25% from 2024
  7. ID42.8K HKD20%up 51% from 2024
  8. Singapore36.8K HKD20%down 44% from 2024
  9. TH12.1K HKD20%down 89% from 2024
  10. VN2.7K HKD20%down 94% from 2024
Regions by year
Regions202320242025
PRC10.6M HKD7.2M HKD4.9M HKD
Taiwan1.7M HKD4.2M HKD2.9M HKD
Hong Kong602.6K HKD657.5K HKD914.8K HKD
KRW25.8K HKD236.8K HKD
Japan699.5K HKD7.8K HKD103.2K HKD
MOP277.9K HKD103.8K HKD77.5K HKD
ID195.6K HKD28.4K HKD42.8K HKD
Singapore4.9K HKD65.7K HKD36.8K HKD
TH40.7K HKD112.9K HKD12.1K HKD
VN60.9K HKD43.1K HKD2.7K HKD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue28¢$2.0M
  • Research and development33¢$2.4M
  • Selling, general and admin37¢$2.7M
  • Income tax1¢$68.2K

Out of $3.5M in revenue.2 The company lost money this year.

Financial statements

Revenue52$3.5M in 2025−9% since 2024
0$1.0M$2.0M$3.0M$4.0M2024: $3.9M$3.9M20242025: $3.5M$3.5M2025−9%
Operating income52-$3.5M in 2025
-$4.0M-$2.0M0$2.0M2024: $899.6K$899.6K20242025: -$3.5M-$3.5M2025
Net income52-$3.5M in 2025
-$4.0M-$2.0M0$2.0M2024: $705.1K$705.1K20242025: -$3.5M-$3.5M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-06-302024-06-302023-06-30
Total revenues27.4M HKD30.1M HKD31.5M HKD
Cost of revenues-15.7M HKD-14.0M HKD-13.0M HKD
Selling, general and administrative expenses-20.8M HKD-9.0M HKD-8.2M HKD
Research and development expenses-18.7M HKD
Reversal of provision for (Provision for) credit losses77.2K HKD-101.6K HKD61.4K HKD
Total operating expenses-39.4M HKD-9.1M HKD-8.1M HKD
Income (Loss) from operations-27.8M HKD7.0M HKD10.4M HKD
Interest income757.4K HKD221.7K HKD186.4K HKD
Interest expense-59.8K HKD-34.7K HKD-123.3K HKD
Other income27.7K HKD77.8K HKD403.0K HKD
Total other income725.3K HKD264.8K HKD466.1K HKD
Income (Loss) before income tax-27.0M HKD7.3M HKD10.8M HKD
Income tax expense-535.6K HKD-1.8M HKD-1.8M HKD
Net income (loss)-27.6M HKD5.5M HKD9.0M HKD
Foreign currency translation adjustment-149.0K HKD13.2K HKD-45.6K HKD
Comprehensive income (loss)-27.7M HKD5.5M HKD9.0M HKD
Basic (in Shares)1.8M shares1.6M shares1.6M shares
Diluted (in Shares)1.8M shares1.6M shares1.6M shares
Basic (in Dollars per share and Dollars per share)-15.27 HKD3.44 HKD5.63 HKD
Diluted (in Dollars per share and Dollars per share)-15.27 HKD3.44 HKD5.63 HKD

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What it owns

What Galaxy Payroll Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$140.0K2 Jun 30, 2025$132.1K5 Jun 30, 2024+6.0%
Accumulated depreciation$119.0K2 Jun 30, 2025$105.6K5 Jun 30, 2024+12.6%
Property and equipment, net$21.0K2 Jun 30, 2025$26.5K5 Jun 30, 2024−20.6%
Operating-lease assets (leased space)$156.1K2 Jun 30, 2025$298.7K5 Jun 30, 2024−47.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.4M5 Jun 30, 2024$2.2M5 Jun 30, 2023−37.8%
Deposits held (banks)$63.7K2 Jun 30, 2025$64.0K5 Jun 30, 2024−0.5%

Leadership

Who has led Galaxy Payroll Group Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wai Hong Lao2026–now

Chief financial officer

  1. Wai Cheung Yeung2026–now

Chief operating officer

  1. Yiu Kong Kenneth But2026–now
Board members and other officers (5)

Timeline

  1. Aug 3, 2026New chief executive Wai Hong Lao becomes CEO6

Filings

89 filings to the SEC since October 2021: 2 annual reports, 6 insider forms, 81 other. The latest 20:

  1. Aug 3, 20263 EDGAR
  2. Aug 3, 20263 EDGAR
  3. Aug 3, 20263 EDGAR
  4. Aug 3, 20263 EDGAR
  5. Aug 3, 20263 EDGAR
  6. Aug 3, 20263 EDGAR
  7. Jun 3, 2026S-8 REGISTRATION STATEMENT EDGAR
  8. Jun 2, 2026EFFECT EDGAR
  9. May 29, 2026CORRESP EDGAR
  10. May 27, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  11. May 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Apr 6, 2026UPLOAD EDGAR
  13. Apr 1, 2026F-3 REGISTRATION STATEMENT EDGAR
  14. Mar 20, 2026424B3 PROSPECTUS EDGAR
  15. Mar 19, 2026EFFECT EDGAR
  16. Mar 17, 2026CORRESP EDGAR
  17. Mar 16, 2026UPLOAD EDGAR
  18. Mar 11, 2026F-3 REGISTRATION STATEMENT EDGAR
  19. Jan 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Oct 24, 202520-F ANNUAL REPORT EDGAR

The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Galaxy Payroll Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGalaxy Payroll Group Ltd1
  • CIK0001905920
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsJune 301
  • Industry code (SIC)8700 Services-Engineering, Accounting, Research, Management1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address25/F, Ovest, 77 Wing Lok Street, Sheung Wan, Hong Kong, Hong Kong 00000, Hong Kong1
  • Phone852310526221
  • Shares outstanding1,441,265 Common Class A shares; 360,000 Common Class B shares as of Jun 30, 20254
  • AuditorGuangdong Prouden CPAs GP, Guangzhou, China PCAOB ID 7254; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 13, 20221
  • Filings89 in all: 6-K (17), UPLOAD (15), CORRESP (14), F-1/A (12), 3 (6), DRS/A (3), DRSLTR (3), EFFECT (3)1
    All 20 form types

    20-F (2), 424B3 (2), F-3 (2), S-8 (2), 424B4 (1), 8-A12B (1), CERT (1), DEL AM (1), DRS (1), F-1 (1), F-3/A (1), NT 20-F (1)

  • Latest filingsAnnual report (20-F) Oct 24, 2025

Securities registered for trading

ClassSymbolExchange
Class A and Class B Ordinary Shares, par value US$0.00625 per shareGLXGNasdaq

From the cover page of the 20-F filed Oct 24, 2025 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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