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Financial statements

SU Group Holdings Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data SU Group Holdings Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2024FY2025
Revenue20.923.424.7
Cost of revenue14.817.320.8
Gross profit6.146.123.95
Selling, general and administrative4.74.636.26
Operating income1.371.41-2.57
Other non-operating income0.180.130.11
Pre-tax income1.551.54-2.46
Income tax0.30.17-0.08
Net income to minority interests0.01
Net income1.241.37-2.37
EBITDA1.621.65-2.35
EPS, basic0.100.11-1.72
EPS, diluted0.100.11-1.72
Shares, basic (weighted)1.21.31.38
Shares, diluted (weighted)1.21.31.38

Balance sheet

FY2023FY2024FY2025
Cash and equivalents2.096.733.26
Receivables4.472.812.65
Inventory5.236.133.31
Other current assets0.20.650.7
Total current assets12.417.412.4
Property, plant and equipment1.071.140.88
Lease right-of-use assets0.140.710.78
Goodwill0.160.160.16
Intangible assets0.020.030.02
Total assets14.620.216.2
Accounts payable2.061.110.98
Accrued liabilities1.05
Deferred revenue2.913.581.46
Total current liabilities6.966.854.39
Lease liabilities0.010.390.45
Other non-current liabilities0.130.170.1
Total liabilities7.417.645.11
Paid-in capital1.875.956.83
Retained earnings5.346.64.22
Shareholders' equity7.2112.611.1
Total equity7.2112.611.1
Total liabilities and equity14.620.216.2
Shares outstanding1213.6

Cash flow statement

FY2023FY2024FY2025
Net income1.251.37-2.37
Depreciation and amortization0.250.240.22
Deferred income tax-0.220.05-0.11
Change in inventory-2.33-0.92.47
Cash from operations-1.731.81-1.99
Capital expenditures-0.1-0.39-0.21
Cash from investing-0.01-0.42-0.21
Cash from financing0.613.240
Exchange rate effect-0.01
Net change in cash-1.124.62-2.2
Free cash flow-1.831.43-2.2
Interest paid000.02
Income taxes paid0.70.52

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.56 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin16.0%Gross profit / revenue.
Operating margin-10.4%Operating income / revenue.
EBITDA margin-9.5%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-9.9%Pre-tax income / revenue.
Net margin-9.6%Net income / revenue.
FCF margin-8.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-8.0%Cash from operations / revenue.
Return on equity (ROE)-20.1%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-13.1%Net income / average total assets.
Return on invested capital (ROIC)-29.7%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue25.3%Selling, general and administrative expense / revenue.
Capex / revenue0.9%Capital expenditures / revenue.
D&A / revenue0.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y5.5%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-35.5%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y-282.6%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y-242.2%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-273.3%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-1,664.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-209.5%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-254.1%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-12.0%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-19.9%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y6.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.82xCurrent assets / current liabilities.
Quick ratio1.35x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.74x(Cash + short-term investments) / current liabilities.
Liabilities / assets31.6%Total liabilities / total assets.
Working capital$8.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets1.2%(Goodwill + intangible assets) / total assets.
Tangible book value$10.9MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.36xRevenue / average total assets.
Fixed asset turnover24.5xRevenue / average property, plant and equipment.
Inventory turnover4.40xCost of revenue / average inventory.
Days inventory83 days365 x average inventory / cost of revenue.
Receivables turnover9.05xRevenue / average receivables.
Days sales outstanding40 days365 x average receivables / revenue.
Days payables18 days365 x average accounts payable / cost of revenue.
Cash conversion cycle105 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.72Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$1.72Net income per basic share, as reported (split-adjusted).
Revenue per share$17.86Revenue / diluted weighted shares.
FCF per share-$1.59Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.43Cash from operations / diluted weighted shares.
Book value per share$8.00Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$7.86Tangible book value / shares outstanding.
Cash per share$2.35(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.3MShare price x shares outstanding.
Enterprise value-$2.0MMarket cap + total debt - cash - short-term investments.
P/S0.05xMarket cap / revenue.
P/B0.12xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.12xMarket cap / tangible book value, when positive.
FCF yield-169.8%Free cash flow / market cap.
Earnings yield-183.6%Net income / market cap (the inverse of P/E).
What was SU Group Holdings Ltd's revenue in fiscal 2025?

SU Group Holdings Ltd reported revenue of $24.7M for fiscal 2025, 5.5% higher than the year before.

Was SU Group Holdings Ltd profitable in fiscal 2025?

No. It reported a net loss of $2.4M.

How much free cash flow did SU Group Holdings Ltd generate in fiscal 2025?

Cash from operations of $2.0M minus capital expenditures of $210.8K left free cash flow of -$2.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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