Overview
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- TickerSUGP on Nasdaq1
- IndustryServices-Detective, Guard & Armored Car Services1
- HeadquartersE91
- Incorporated inCayman Islands2
- Business address71 Hung To Road, Kwun Tong, Kowloon2
- Filer categoryNon-accelerated filer, Emerging growth company2
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Jet, to SU Investment. Upon the completion of such transfer, Fortune Jet became an indirect wholly-owned subsidiary of our company.3 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
Security Systems And Products And Installation brought in 44% of the revenue SU Group Holdings Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Security Systems And Products And Installation | 77.3M HKD | 81.4M HKD | 84.9M HKD |
| Security Guarding Services | 51.1M HKD | 61.8M HKD | 65.8M HKD |
| Security Systems Maintenance Services | 14.7M HKD | 19.9M HKD | 23.0M HKD |
| Screening Services | 10.5M HKD | 9.8M HKD | 11.0M HKD |
| Equipment Leasing | 6.2M HKD | 5.7M HKD | 4.0M HKD |
| Related Vocational Training Services | 4.0M HKD | 3.7M HKD | 3.7M HKD |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue77¢$20.8M
- Selling, general and admin23¢$6.3M
- Income tax0¢$82.7K
Out of $24.7M in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenues | 192.4M HKD | 182.2M HKD | 163.7M HKD |
| Cost of revenues | -161.6M HKD | -134.6M HKD | -115.6M HKD |
| Gross profit | 30.7M HKD | 47.6M HKD | 48.0M HKD |
| Selling, general and administrative expenses | -48.7M HKD | -36.0M HKD | -36.8M HKD |
| Losses on disposal of property and equipment | -2.0M HKD | -636.3K HKD | -486.0K HKD |
| Income (Loss) from operations | -20.0M HKD | 10.9M HKD | 10.8M HKD |
| Other income | 1.0M HKD | 1.2M HKD | 1.4M HKD |
| Finance expenses | -148.9K HKD | -189.7K HKD | -55.1K HKD |
| Total other income, net | 857.8K HKD | 1.0M HKD | 1.4M HKD |
| Income (Loss) before income tax expenses | -19.1M HKD | 12.0M HKD | 12.1M HKD |
| Income tax (expenses) benefit | 643.3K HKD | -1.3M HKD | -2.3M HKD |
| Net income (loss) | -18.5M HKD | 10.7M HKD | 9.8M HKD |
| Less: Net income attributable to non-controlling interests | 105.8K HKD | ||
| Net income (loss) attributable to SU Group Holdings Limiteds ordinary shareholders | -18.5M HKD | 10.7M HKD | 9.7M HKD |
| Net income (loss) per share, Basic (in Dollars per share) | -13.36 HKD | 8.18 HKD | 8.08 HKD |
| Net income (loss) per share, Diluted (in Dollars per share) | -13.36 HKD | 8.18 HKD | 8.08 HKD |
| Weighted average number of shares, Basic (in Shares) | 1.4M shares | 1.3M shares | 1.2M shares |
| Weighted average number of shares, Diluted (in Shares) | 1.4M shares | 1.3M shares | 1.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.4
| Period ending | 2025-09-30 | 2025-08-31 | 2024-09-30 | 2024-01-31 | 2023-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 25.4M HKD | 52.3M HKD | |||
| Trade receivables, net | 20.6M HKD | 21.9M HKD | |||
| Inventories | 25.8M HKD | 47.6M HKD | |||
| Prepaid expenses and other current assets | 5.4M HKD | 5.0M HKD | |||
| Contract assets, net | 17.3M HKD | 6.4M HKD | |||
| Prepaid income tax | 1.7M HKD | 2.1M HKD | |||
| Total current assets | 96.2M HKD | 135.3M HKD | |||
| Property and equipment, net | 6.8M HKD | 8.9M HKD | |||
| Intangible assets, net | 194.1K HKD | 268.5K HKD | |||
| Goodwill | 1.3M HKD | 1.3M HKD | |||
| Restricted cash non-current | 9.9M HKD | ||||
| Prepaid expenses and other non-current assets | 3.4M HKD | 4.5M HKD | |||
| Deferred offering expenses | 155.8K HKD | ||||
| Operating lease right-of-use assets, net | 6.0M HKD | 5.5M HKD | |||
| Investment in key management insurance policy | 1.3M HKD | 1.2M HKD | |||
| Deferred tax assets | 613.4K HKD | 207.7K HKD | |||
| Total non-current assets | 29.8M HKD | 21.8M HKD | |||
| TOTAL ASSETS | 125.9M HKD | 157.1M HKD | |||
| Trade payables | 7.6M HKD | 8.6M HKD | |||
| Notes payables | 2.0M HKD | 2.4M HKD | |||
| Other payables | 1.9M HKD | 3.5M HKD | |||
| Accrued payroll and welfare | 9.3M HKD | 9.0M HKD | |||
| Operating lease liabilities current | 2.0M HKD | 1.9M HKD | |||
| Contract liabilities | 11.3M HKD | 27.8M HKD | |||
| Total current liabilities | 34.1M HKD | 53.3M HKD | |||
| Operating lease liabilities non-current | 3.5M HKD | 3.0M HKD | |||
| Other payables non-current | 1.4M HKD | 1.3M HKD | |||
| Deferred tax liabilities | 431.7K HKD | ||||
| Other liabilities | 766.0K HKD | 1.3M HKD | |||
| Total non-current liabilities | 5.7M HKD | 6.1M HKD | |||
| Total liabilities | 39.8M HKD | 59.4M HKD | |||
| Shares subscription receivables | 90 HKD | ||||
| Additional paid-in capital | 53.2M HKD | 46.3M HKD | |||
| Retained earnings | 32.8M HKD | 51.3M HKD | 1.1M HKD | ||
| Total SU Group Holdings Limited shareholders equity and total shareholders equity | 86.2M HKD | 97.7M HKD | 56.4M HKD | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 125.9M HKD | 157.1M HKD | |||
| Ordinary shares, par value (in Dollars per share ) | $0.10 | $4.00 |
| Period ending | 2025-09-30 | 2025-08-31 | 2024-09-30 | 2024-01-31 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 25.4M HKD | 52.3M HKD | ||||
| Trade receivables, net | 20.6M HKD | 21.9M HKD | ||||
| Inventories | 25.8M HKD | 47.6M HKD | ||||
| Prepaid expenses and other current assets | 5.4M HKD | 5.0M HKD | ||||
| Contract assets, net | 17.3M HKD | 6.4M HKD | ||||
| Prepaid income tax | 1.7M HKD | 2.1M HKD | ||||
| Total current assets | 96.2M HKD | 135.3M HKD | ||||
| Property and equipment, net | 6.8M HKD | 8.9M HKD | ||||
| Intangible assets, net | 194.1K HKD | 268.5K HKD | ||||
| Goodwill | 1.3M HKD | 1.3M HKD | ||||
| Restricted cash non-current | 9.9M HKD | |||||
| Prepaid expenses and other non-current assets | 3.4M HKD | 4.5M HKD | ||||
| Deferred offering expenses | 155.8K HKD | |||||
| Operating lease right-of-use assets, net | 6.0M HKD | 5.5M HKD | ||||
| Investment in key management insurance policy | 1.3M HKD | 1.2M HKD | ||||
| Deferred tax assets | 613.4K HKD | 207.7K HKD | ||||
| Total non-current assets | 29.8M HKD | 21.8M HKD | ||||
| TOTAL ASSETS | 125.9M HKD | 157.1M HKD | ||||
| Trade payables | 7.6M HKD | 8.6M HKD | ||||
| Notes payables | 2.0M HKD | 2.4M HKD | ||||
| Other payables | 1.9M HKD | 3.5M HKD | ||||
| Accrued payroll and welfare | 9.3M HKD | 9.0M HKD | ||||
| Operating lease liabilities current | 2.0M HKD | 1.9M HKD | ||||
| Contract liabilities | 11.3M HKD | 27.8M HKD | ||||
| Total current liabilities | 34.1M HKD | 53.3M HKD | ||||
| Operating lease liabilities non-current | 3.5M HKD | 3.0M HKD | ||||
| Other payables non-current | 1.4M HKD | 1.3M HKD | ||||
| Deferred tax liabilities | 431.7K HKD | |||||
| Other liabilities | 766.0K HKD | 1.3M HKD | ||||
| Total non-current liabilities | 5.7M HKD | 6.1M HKD | ||||
| Total liabilities | 39.8M HKD | 59.4M HKD | ||||
| Shares subscription receivables | 90 HKD | |||||
| Additional paid-in capital | 53.2M HKD | 46.3M HKD | ||||
| Retained earnings | 32.8M HKD | 51.3M HKD | 1.1M HKD | |||
| Total SU Group Holdings Limited shareholders equity and total shareholders equity | 86.2M HKD | 97.7M HKD | 56.4M HKD | 41.7M HKD | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 125.9M HKD | 157.1M HKD | ||||
| Ordinary shares, par value (in Dollars per share ) | $0.10 | $4.00 |
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 3 fiscal years, latest first.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net income (loss) | -18.5M HKD | 10.7M HKD | 9.8M HKD |
| Change in fair value of investment in key management insurance policy | -186.4K HKD | -44.1K HKD | |
| Depreciation of property and equipment | 1.7M HKD | 1.9M HKD | 1.9M HKD |
| Amortization of intangible assets | 74.4K HKD | 103.4K HKD | 85.0K HKD |
| Amortization of operating lease right-of-use assets | 1.9M HKD | 1.2M HKD | 666.5K HKD |
| Amortization of service fee | 5.5M HKD | 1.4M HKD | |
| Provision for (reversal of) credit loss | 2.4M HKD | -3.2M HKD | 8.6M HKD |
| Write-down for inventories | 2.6M HKD | 280.0K HKD | 118.0K HKD |
| Deferred tax | -837.4K HKD | 393.4K HKD | -1.7M HKD |
| Losses on disposal of property and equipment | 2.0M HKD | 636.3K HKD | 486.0K HKD |
| Share-based compensation | 2.9M HKD | ||
| Foreign exchange (gains) losses - unrealized | -34.6K HKD | 280.0K HKD | -205.4K HKD |
| Inventories | 19.3M HKD | -7.0M HKD | -18.3M HKD |
| Trade receivables | 526.0K HKD | 15.4M HKD | -19.6M HKD |
| Prepaid expenses and other assets | -1.1M HKD | 1.2M HKD | -2.9M HKD |
| Contract assets | -12.6M HKD | -3.7M HKD | 1.2M HKD |
| Trade and notes payables | -1.3M HKD | -8.8M HKD | 13.6M HKD |
| Other payables, accrued payroll and welfare | -1.3M HKD | 2.0M HKD | -686.3K HKD |
| Contract liabilities | -16.5M HKD | 5.1M HKD | -4.5M HKD |
| Operating lease liabilities | -1.9M HKD | -945.8K HKD | -644.3K HKD |
| Other liabilities | -556.0K HKD | 313.6K HKD | |
| Income tax payable | 412.0K HKD | -3.1M HKD | -1.4M HKD |
| Net cash (used in) provided by operating activities | -15.5M HKD | 14.1M HKD | -13.5M HKD |
| Purchases of property and equipment | -1.6M HKD | -3.0M HKD | -775.1K HKD |
| Proceeds from disposal of property and equipment | 664.0K HKD | ||
| Purchases of intangible assets | -227.0K HKD | ||
| Acquisition of non-controlling interests | -1.0K HKD | ||
| Net cash used in investing activities | -1.6M HKD | -3.2M HKD | -112.2K HKD |
| Proceeds from capital contribution | 90 HKD | 882.6K HKD | 5.0M HKD |
| Net proceeds from initial public offering | 24.3M HKD | ||
| Payments to related parties | -11.0K HKD | -2.5M HKD | |
| Repayments by related parties | 11.0K HKD | 2.4M HKD | |
| Net cash provided by financing activities | 90 HKD | 25.2M HKD | 4.8M HKD |
| Effect of exchange rate changes | 4.0K HKD | -95.9K HKD | 78.5K HKD |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -17.1M HKD | 35.9M HKD | -8.8M HKD |
| Cash and cash equivalents | 25.4M HKD | 52.3M HKD | 16.4M HKD |
| Restricted cash non-current | 9.9M HKD | ||
| Total cash, cash equivalents, and restricted cash shown in the statement of cash flows | 35.2M HKD | 52.3M HKD | 16.4M HKD |
| Interest expense paid | 148.9K HKD | 19.6K HKD | 38.3K HKD |
| Income tax paid (refunded) | -217.8K HKD | 4.0M HKD | 5.4M HKD |
| Operating lease right-of-use assets obtained in exchange for operating lease obligations | 3.0M HKD | 5.7M HKD | 330.5K HKD |
| Extinguishment of operating lease right-of-use assets and operating lease liabilities due to termination of lease | -480.3K HKD | 35.7K HKD | |
| Non-cash consideration paid for purchase of property and equipment | 185.1K HKD | ||
| Non-cash consideration paid for services | 4.0M HKD | 6.6M HKD |
No quarter-by-quarter statement was filed.
Corporate structure
SU Group Holdings 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 SU Group Holdings Ltd
- Ming Dave Chan Filed SC 13G on SU Group Holdings Ltd, latest Feb 22, 2024
- SU Group Holdings Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SU Group 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 |
|---|---|---|---|
| Buildings and improvements | 565.0K HKD4 Sep 30, 2025 | 565.0K HKD4 Sep 30, 2024 | 0% |
| Machinery and equipment | 8.6M HKD4 Sep 30, 2025 | 14.5M HKD4 Sep 30, 2024 | −40.6% |
| Furniture and fixtures | 60.4K HKD4 Sep 30, 2024 | 100.7K HKD6 Sep 30, 2023 | −40.0% |
| Computer equipment and software | 652.0K HKD4 Sep 30, 2025 | 652.0K HKD4 Sep 30, 2024 | 0% |
| Leasehold improvements | 1.4M HKD4 Sep 30, 2025 | 1.0M HKD4 Sep 30, 2024 | +42.5% |
| Accumulated depreciation | 6.1M HKD4 Sep 30, 2025 | 8.7M HKD4 Sep 30, 2024 | −30.3% |
| Property and equipment, net | $875.0K4 Sep 30, 2025 | $1.1M6 Sep 30, 2024 | −23.5% |
| Operating-lease assets (leased space) | $776.3K4 Sep 30, 2025 | $707.2K6 Sep 30, 2024 | +9.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $3.3M4 Sep 30, 2025 | $6.7M6 Sep 30, 2024 | −51.6% |
| Deposits held (banks) | 35.2M HKD4 Sep 30, 2025 | 52.3M HKD4 Sep 30, 2024 | −32.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $163.3K4 Sep 30, 2025 | $163.5K6 Sep 30, 2024 | −0.1% |
| Accumulated amortization | -457.9K HKD4 Sep 30, 2025 | -383.5K HKD4 Sep 30, 2024 | −19.4% |
| Finite-lived intangibles, net | $24.9K4 Sep 30, 2025 | $34.5K6 Sep 30, 2024 | −27.8% |
Inventory
Leadership
Who has led SU Group Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerMing Dave Chan Mar 18, 2026 to now7
- ChairMing Dave Chan Mar 18, 2026 to now7
- Chief financial officerWing Fai Kong Mar 18, 2026 to now8
- Chief operating officerLon Tien Koo Mar 18, 2026 to now9
Board members and other officers (5)
- Board memberLon Tien Koo Mar 18, 2026 to now9
- Board memberWing Fai Kong Mar 18, 2026 to now8
- Board memberHoi Pan To Mar 23, 2026 to now10
- Board memberMark Allen Brisson Mar 23, 2026 to now11
- Board memberSui Man Tse Mar 23, 2026 to now12
Timeline
- Mar 18, 2026New chief executive Ming Dave Chan becomes CEO7
Filings
100 filings to the SEC since October 2021: 3 annual reports, 6 insider forms, 1 large holders, 90 other. The latest 20:
- Oct 2, 20266-K EDGAR
- Oct 2, 20266-K EDGAR
- Sep 29, 20266-K EDGAR
- Sep 15, 20266-K EDGAR
- Sep 15, 20266-K EDGAR
- Aug 26, 2026424B3 EDGAR
- Aug 21, 20266-K/A EDGAR
- Aug 21, 20266-K EDGAR
- Aug 20, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Aug 3, 20266-K EDGAR
- Jul 16, 20266-K EDGAR
- Jun 30, 20266-K EDGAR
- Jun 22, 2026424B3 EDGAR
- Jun 17, 2026EFFECT EDGAR
- Jun 16, 20266-K EDGAR
- Jun 12, 2026F-1 EDGAR
- Jun 2, 2026DRS EDGAR
- May 28, 20266-K/A EDGAR
- May 13, 20266-K EDGAR
The 100 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.
- Ming Dave ChanSC 13G, 1 filing Feb 22, 202413
SEC filer profile
How SU Group 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 EDGARSU Group Holdings Ltd1
- CIK0001969863
- Filer statusNon-accelerated filer an emerging growth company; a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsSeptember 301
- Industry code (SIC)7381 Services-Detective, Guard & Armored Car Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address71 Hung To Road, Kwun Tong, Kowloon, Hong Kong1
- Phone852234181831
- Shares outstanding1,464,772 shares as of Jan 16, 20263
- AuditorMarcum Asia CPAs LLP, New York, NY PCAOB ID 5395; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMay 16, 20231
- Filings100 in all: 6-K (24), CORRESP (12), 144 (10), EFFECT (7), 3 (6), POS AM (6), UPLOAD (6), 20-F (3)1
All 22 form types
424B3 (3), DRS/A (3), F-1 (3), F-1/A (3), 6-K/A (2), DRS (2), DRSLTR (2), S-8 (2), 144/A (1), 424B4 (1), 8-A12B (1), CERT (1), F-3 (1), SC 13G (1)
- Latest filingsAnnual report (20-F) Jan 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A ordinary shares, par value | SUGP | Nasdaq |
From the cover page of the 20-F filed Jan 16, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10SEC EDGARHoi Pan To, Board member
- 11SEC EDGARMark Allen Brisson, Board member
- 12SEC EDGARSui Man Tse, Board member
- 13