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PMAX on Nasdaq

Powell Max Ltd

Powell Max Ltd is a miscellaneous business services company, listed on Nasdaq (PMAX).1 It is headquartered in Hong Kong, Hong Kong.1

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Last updated Oct 21, 2026.

Overview

$4.7MRevenue, fiscal 20242
-$2.3MNet income, fiscal 20242

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  • TickerPMAX on Nasdaq1
  • IndustryServices-Miscellaneous Business Services1
  • HeadquartersHong Kong, Hong Kong1
  • Incorporated inVirgin Islands, British3
  • Business address22/F., Euro Trade Centre,, 13-14 Connaught Road Central, Central, Hong Kong, K3 00003
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formOther
  • Kind of organizationPooled investment fund1

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Shares were issued to Bliss On upon such automatic conversion at the IPO price of US$4.00 per share.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 2024

39.4%Gross margin2
-44.0%Operating margin2
-49.6%Net margin2
-85.0%Return on equity2
-$1.7MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue49¢$2.8M
  • Selling, general and admin16¢$907.5K
  • Interest35¢$2.0M

Out of $4.7M in revenue.2 The company lost money this year.

Financial statements

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue47.6M HKD36.5M HKD49.1M HKD
Cost of sales-24.1M HKD-22.1M HKD-25.2M HKD
Gross profit23.6M HKD14.4M HKD23.9M HKD
Other income and gain3.5M HKD2.0M HKD54.1K HKD
General and administrative expenses-29.1M HKD-24.9M HKD-10.9M HKD
Impairment loss on goodwill-11.8M HKD
Selling and distribution expenses-7.4M HKD-7.0M HKD-4.5M HKD
Allowance of expected credit loss - trade receivables-1.6M HKD-488.6K HKD-914.8K HKD
Profit/(Loss) from operations-22.8M HKD-16.1M HKD7.6M HKD
Finance costs-692.9K HKD-2.0M HKD-550.7K HKD
Profit/(Loss) before income tax-23.5M HKD-18.1M HKD7.1M HKD
Profit/(Loss) for the year-23.5M HKD-18.1M HKD7.1M HKD
Exchange differences on foreign currency translations-118 HKD48.4K HKD-47.4K HKD
Total comprehensive income/(loss) for the year-23.5M HKD-18.0M HKD7.0M HKD
Basic (in Dollars per share and Dollars per share)-94.52 HKD-109.72 HKD45.31 HKD
Diluted (in Dollars per share and Dollars per share)-86.38 HKD-109.72 HKD45.31 HKD
Basic (in Shares)248.6K shares164.7K shares156.2K shares
Diluted (in Shares)272.0K shares164.7K shares156.2K shares

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Corporate structure

Powell Max Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Powell Max Ltd

  • ECF (BVI) Ltd Filed SCHEDULE 13D on Powell Max Ltd, latest Jan 6, 2026
  • Powell Max Ltd Hong Kong, Hong Kong

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Powell Max 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, net$547.6K2 Dec 31, 2024$749.2K2 Dec 31, 2023−26.9%
Operating-lease assets (leased space)$295.3K2 Dec 31, 2024$552.6K2 Dec 31, 2023−46.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.4M2 Dec 31, 2024$471.2K2 Dec 31, 2023+1053.5%

Leadership

Who has led Powell Max Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Geordan Garrett Pursglove2026–now

Chair

  1. Geordan Garrett Pursglove2026–now

Chief financial officer

  1. Anna Skowron2026–now
Board members and other officers (1)

Timeline

  1. May 14, 2026New chief executive Geordan Garrett Pursglove becomes CEO6

Filings

66 filings to the SEC since October 2021: 2 annual reports, 3 insider forms, 1 large holders, 1 private raises, 59 other. The latest 20:

  1. Oct 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 25, 2026D EDGAR
  4. Aug 14, 2026EFFECT EDGAR
  5. Jul 31, 2026F-3 REGISTRATION STATEMENT EDGAR
  6. May 14, 20263 EDGAR
  7. May 14, 20263 EDGAR
  8. Apr 30, 202620-F ANNUAL REPORT EDGAR
  9. Apr 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Mar 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Mar 10, 20263 EDGAR
  12. Mar 5, 2026EFFECT EDGAR
  13. Mar 4, 2026CORRESP EDGAR
  14. Mar 3, 2026F-3 REGISTRATION STATEMENT EDGAR
  15. Feb 25, 2026UPLOAD EDGAR
  16. Feb 20, 2026DRS EDGAR
  17. Feb 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Feb 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Feb 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Jan 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 66 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.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.7M 2026–2026
Money received by yearMoney received by year, 2026–2026: $1.7M in all. Private raises (Form D) $1.7M.$0$500K$1M$1.5M$2M2026 · Private raises (Form D): $1.7M2026
Figures by year
YearPrivate raises (Form D)Total
2026$1.7M$1.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 20, 2026Raised $1.7 million in a private offering of equity10 Form D: $4 million offered in all Form D

SEC filer profile

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

  • Name on EDGARPowell Max Ltd1
  • CIK0002012096
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Industry code (SIC)7380 Services-Miscellaneous Business Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address22/F., Euro Trade Centre,, 13-14 Connaught Road Central, Central, Hong Kong, K3 00001
  • Phone852 2158 28881
  • Shares outstanding264,991 Class A Ordinary Shares shares as of Dec 31, 20254
  • AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 19, 20241
  • Filings66 in all: 6-K (26), CORRESP (6), F-1/A (5), UPLOAD (5), EFFECT (4), 3 (3), 20-F (2), DRS (2)1
    All 18 form types

    F-1 (2), F-3 (2), FWP (2), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS/A (1), DRSLTR (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value US$0.008 per sharePMAXThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 30, 2026 (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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