PMEC on Nasdaq
Primech Holdings Ltd
Primech Holdings Ltd is a to dwellings and buildings services company, listed on Nasdaq (PMEC).1
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Last updated Oct 21, 2026.
Overview
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- TickerPMEC on Nasdaq1
- IndustryServices-To Dwellings & Other Buildings1
- Business address60 Macpherson Road, Siemens Centre, #04-08, Singapore, 3486153
- Filer categoryNon-accelerated filer, Emerging growth company3
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In 2018, Sapphire Universe, one of our Major Shareholders, acquired Primech Services & Engrg Pte Ltd, A&P Maintenance and Acteef Cleaning, in three separate transactions. Each of these companies had, prior to their acquisition, already been operating for approximately 30 years or more. Historically, Primech Services & Engrg was focused on providing cleaning services to a major Asian aviation hub and educational institutions, while A&P Maintenance and Acteef Cleaning were focused on providing cleaning services to offices. In 2020, Sapphire Universe also acquired Maint-Kleen which was focused on providing conservancy services. The acquisitions by Sapphire Universe of Primech Services & Engrg, A&P Maintenance, Acteef Cleaning and Maint-Kleen have enabled our Group to provide a wide spectrum of cleaning services.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
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Facilities Cleaning Services brought in 82% of the revenue Primech Holdings Ltd broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Facilities Cleaning Services | $58.6M | $63.9M |
| Cleaning Services For Commercial Office Tenants | $7.1M | $7.6M |
| Stewarding Services | $8.4M | $6.2M |
| Sales Of Products | $312.0K | $252.0K |
| Lease of cleaning robots | $12.0K |
Business segments
Facilities Services brought in 100% of the revenue Primech Holdings Ltd broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2026 |
|---|---|
| Facilities Services | $78.0M |
| Robotic | $12.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue76¢$56.8M
- Other costs22¢$16.3M
- Interest1¢$789.0K
- Income tax1¢$456.0K
Out of $74.3M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending15¢$1.1M
- Kept or used elsewhere85¢$6.3M
Out of $7.4M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenues, net | $78.0M | $74.3M |
| Cost of revenue (net of $2,805 and $4,148 of government subsidies) | $64.7M | $56.8M |
| General and administrative expenses (net of $201 and $318 of government subsidies) | $14.4M | $16.2M |
| Sales and marketing expenses | $864.0K | $2.0M |
| Goodwill impairment | $291.0K | |
| Total operating costs and expenses | $80.0M | $75.3M |
| Loss from operations | -$2.0M | -$948.0K |
| Other operating income (expense), net (includes $60 and $8 of government subsidies) | $57.0K | -$27.0K |
| Interest expense | -$672.0K | -$789.0K |
| Loss before income taxes | -$2.6M | -$1.8M |
| Income tax expense | -$366.0K | -$456.0K |
| Net loss | -$3.0M | -$2.2M |
| Loss attributable to non-controlling interests | $530.0K | $278.0K |
| Net loss attributable to Primech Holdings Limited | -$2.4M | -$1.9M |
| Other comprehensive income (loss): Currency translation adjustment | $794.0K | $72.0K |
| Comprehensive loss | -$2.2M | -$2.1M |
| Comprehensive loss attributable to non-controlling interests | $528.0K | $278.0K |
| Comprehensive loss attributable to Primech Holdings Limited | -$1.6M | -$1.9M |
| Basic (in Dollars per share) | -$0.06 | -$0.05 |
| Diluted (in Dollars per share) | -$0.06 | -$0.05 |
| Basic (in Shares) | 38.4M shares | 37.6M shares |
| Diluted (in Shares) | 38.4M shares | 37.6M shares |
| Cost of revenue net of government subsidies | $2.8M | $4.1M |
| General and administrative expenses net of government subsidies | $201.0K | $318.0K |
| Other operating income, net of government subsidies | $60.0K | $8.0K |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash and cash equivalents | $8.9M | $10.1M | $7.6M |
| Accounts receivable, net (including unbilled receivable of $5,622 and $3,520) | $19.8M | $15.6M | |
| Government subsidies receivable | $288.0K | $1.5M | |
| Prepaid expenses and other current assets | $2.0M | $1.7M | |
| Inventories | $44.0K | ||
| Total current assets | $30.9M | $29.0M | |
| Property and equipment, net | $9.4M | $9.7M | |
| Right of use assets | $1.8M | $2.1M | |
| Goodwill | $402.0K | $391.0K | |
| Intangible assets, net | $2.0K | ||
| Total assets | $42.5M | $41.2M | |
| Accounts payable and accrued expenses | $10.8M | $10.3M | |
| Notes payable-current portion | $10.1M | $8.5M | |
| Lease liabilities-current portion | $1.4M | $1.6M | |
| Income tax liabilities | $404.0K | $461.0K | |
| Total current liabilities | $22.8M | $20.9M | |
| Notes payable-long term (including convertible note payable of $2,000 and nil) | $6.2M | $4.3M | |
| Lease liabilities-long term | $822.0K | $1.1M | |
| Deferred tax liability | $237.0K | $255.0K | |
| Total liabilities | $30.0M | $26.5M | |
| Common Stock, 38,417,987 and 38,417,987 shares issued and outstanding as of March 31, 2026 and 2025, respectively, | $24.0M | $24.0M | |
| Additional paid-in capital | $924.0K | $924.0K | |
| Accumulated other comprehensive income | $1.8M | $995.0K | |
| Accumulated deficit | -$13.4M | -$11.0M | |
| Total Primech Holdings Limited shareholders equity | $13.3M | $14.9M | |
| Non-controlling interests | -$738.0K | -$210.0K | |
| Total shareholders equity | $12.5M | $14.7M | $15.1M |
| Total liabilities and shareholders equity | $42.5M | $41.2M | |
| Accounts receivable, net (in Dollars) | $5.6M | $3.5M | |
| Common stock, shares issued | 38.4M shares | 38.4M shares | |
| Common stock, shares outstanding | 38.4M shares | 38.4M shares | |
| Convertible note payable | $2.0M |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash and cash equivalents | $8.9M | $10.1M | $7.6M |
| Accounts receivable, net (including unbilled receivable of $5,622 and $3,520) | $19.8M | $15.6M | |
| Government subsidies receivable | $288.0K | $1.5M | |
| Prepaid expenses and other current assets | $2.0M | $1.7M | |
| Inventories | $44.0K | ||
| Total current assets | $30.9M | $29.0M | |
| Property and equipment, net | $9.4M | $9.7M | |
| Right of use assets | $1.8M | $2.1M | |
| Goodwill | $402.0K | $391.0K | |
| Intangible assets, net | $2.0K | ||
| Total assets | $42.5M | $41.2M | |
| Accounts payable and accrued expenses | $10.8M | $10.3M | |
| Notes payable-current portion | $10.1M | $8.5M | |
| Lease liabilities-current portion | $1.4M | $1.6M | |
| Income tax liabilities | $404.0K | $461.0K | |
| Total current liabilities | $22.8M | $20.9M | |
| Notes payable-long term (including convertible note payable of $2,000 and nil) | $6.2M | $4.3M | |
| Lease liabilities-long term | $822.0K | $1.1M | |
| Deferred tax liability | $237.0K | $255.0K | |
| Total liabilities | $30.0M | $26.5M | |
| Common Stock, 38,417,987 and 38,417,987 shares issued and outstanding as of March 31, 2026 and 2025, respectively, | $24.0M | $24.0M | |
| Additional paid-in capital | $924.0K | $924.0K | |
| Accumulated other comprehensive income | $1.8M | $995.0K | |
| Accumulated deficit | -$13.4M | -$11.0M | |
| Total Primech Holdings Limited shareholders equity | $13.3M | $14.9M | |
| Non-controlling interests | -$738.0K | -$210.0K | |
| Total shareholders equity | $12.5M | $14.7M | $15.1M |
| Total liabilities and shareholders equity | $42.5M | $41.2M | |
| Accounts receivable, net (in Dollars) | $5.6M | $3.5M | |
| Common stock, shares issued | 38.4M shares | 38.4M shares | |
| Common stock, shares outstanding | 38.4M shares | 38.4M shares | |
| Convertible note payable | $2.0M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net loss | -$3.0M | -$2.2M |
| Depreciation of property and equipment | $1.5M | $1.5M |
| Change in right of use assets | $2.0M | $2.5M |
| (Gain) loss on disposal of property and equipment | -$62.0K | $1.0K |
| Amortization of intangible assets | $2.0K | $19.0K |
| Share based compensation | $30.0K | $1.8M |
| (Reversal) provision for doubtful accounts | -$85.0K | $31.0K |
| Impairment of goodwill | $291.0K | |
| Loss on de-recognition of a subsidiary | $169.0K | |
| Interest accrued for convertible note | $28.0K | |
| Deferred tax liability | -$28.0K | |
| Accounts receivable | -$3.4M | $2.9M |
| Government subsidies receivables | $1.3M | -$111.0K |
| Prepaid expenses & other current assets | -$220.0K | $2.1M |
| Inventories | $39.0K | $11.0K |
| Accounts payable and accrued expenses | $76.0K | $879.0K |
| Operating lease liabilities | -$2.2M | -$2.7M |
| Tax payable | -$75.0K | $462.0K |
| Net cash (used in) provided by operating activities | -$3.9M | $7.4M |
| Acquisition of property and equipment | -$1.7M | -$1.1M |
| Proceeds from sale of property and equipment | $1.0M | $67.0K |
| Net cash used in investing activities | -$728.0K | -$1.0M |
| Proceeds from convertible note | $2.0M | |
| Payment of finance lease liabilities | -$213.0K | -$126.0K |
| Repayment of bank loans | -$141.6M | -$159.1M |
| Proceeds from bank loans | $142.6M | $154.8M |
| Net cash provided by (used in) financing activities | $2.8M | -$4.4M |
| Net decrease in cash and cash equivalents | -$1.9M | $2.0M |
| Effect of exchange rate changes on cash and cash equivalents | $673.0K | $533.0K |
| Cash paid for interest | $639.0K | $789.0K |
| Cash paid for taxes | $480.0K | |
| Acquisition of equipment under finance leases | $265.0K | $367.0K |
| Recognition of Right of use assets and liabilities | $1.7M | $1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Primech Holdings Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Primech Holdings Ltd
- Sapphire Universe Holdings Ltd Filed SCHEDULE 13D/A on Primech Holdings Ltd, latest Apr 10, 2026 (4 filings since Nov 7, 2023)
- Kin Wai Ho Filed SCHEDULE 13D/A on Primech Holdings Ltd, latest Mar 27, 2026 (2 filings since Mar 18, 2026)
- Yu-Fan Lin Filed SCHEDULE 13G/A on Primech Holdings Ltd, latest Oct 2, 2025 (2 filings since Aug 12, 2025)
- Primech Holdings Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Primech Holdings 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $18.6M2 Mar 31, 2025 | $18.0M2 Mar 31, 2024 | +3.1% |
| Accumulated depreciation | $8.9M2 Mar 31, 2025 | $8.0M2 Mar 31, 2024 | +12.0% |
| Property and equipment, net | $9.7M2 Mar 31, 2025 | $10.1M2 Mar 31, 2024 | −3.9% |
| Operating-lease assets (leased space) | $2.1M2 Mar 31, 2025 | $3.4M2 Mar 31, 2024 | −37.9% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $391.0K2 Mar 31, 2025 | $667.0K2 Mar 31, 2024 | −41.4% |
| Intangible assets, net (excluding goodwill) | $2.0K2 Mar 31, 2025 | $21.0K2 Mar 31, 2024 | −90.5% |
Inventory
Leadership
Who has led Primech Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerKin Wai Ho Mar 18, 2026 to now7
- Chief financial officerKit Yu Lee Mar 18, 2026 to now8
Board members and other officers (4)
- Board memberKin Wai Ho Mar 18, 2026 to now7
- Board memberPoi Lam William Yuen Mar 18, 2026 to now9
- Board memberWilliam Mirecki Mar 18, 2026 to now10
- Board memberKai Yue Jason Chan Mar 26, 2026 to now11
Timeline
- Mar 18, 2026New chief executive Kin Wai Ho becomes CEO7
Filings
111 filings to the SEC since October 2021: 3 annual reports, 11 insider forms, 8 large holders, 89 other. The latest 20:
- Oct 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 16, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 16, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 16, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 29, 202620-F ANNUAL REPORT EDGAR
- Jul 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 4, 2026S-8 REGISTRATION STATEMENT EDGAR
- Apr 10, 2026SCHEDULE 13D/A EDGAR
- Mar 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 27, 20264 EDGAR
- Mar 27, 2026SCHEDULE 13D/A EDGAR
- Mar 26, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 2026SCHEDULE 13D EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
The 111 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.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 23, 2026 | Ho Kin WaiChief Executive Officer | Buy | 839,963 | $1.14 | $957.6K | Form 4 |
From Forms 4 filed with the SEC.
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.
- Sapphire Universe Holdings LtdSCHEDULE 13D/A, 4 filings Nov 7, 2023 to Apr 10, 202612
- Kin Wai HoSCHEDULE 13D/A, 2 filings Mar 18, 2026 to Mar 27, 202613
- Yu-Fan LinSCHEDULE 13G/A, 2 filings Aug 12, 2025 to Oct 2, 202514
SEC filer profile
How Primech Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPrimech Holdings Ltd1
- CIK0001891944
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inSingapore4
- Industry code (SIC)7340 Services-To Dwellings & Other Buildings1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address60 Macpherson Road, Siemens Centre, #04-08, Singapore, 348615, Singapore1
- Phone65 628618681
- Shares outstanding38,417,987 shares as of Mar 31, 20264
- AuditorWeinberg & Company, P.A., Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 24, 20211
- Filings111 in all: 6-K (36), CORRESP (12), F-1/A (12), UPLOAD (11), 3 (7), 4 (4), 20-F (3), EFFECT (3)1
All 27 form types
SCHEDULE 13D/A (3), 424B3 (2), F-1 (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DEL AM (1), DRS (1), DRS/A (1), DRSLTR (1), F-3 (1), FWP (1), S-8 (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Jul 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares | PMEC | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Jul 29, 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.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARKin Wai Ho, Chief executive officer
- 8SEC EDGARKit Yu Lee, Chief financial officer
- 9SEC EDGARPoi Lam William Yuen, Board member
- 10SEC EDGARWilliam Mirecki, Board member
- 11SEC EDGARKai Yue Jason Chan, Board member
- 12
- 13
- 14