Quarterly ResultMay 13, 2026, 01:22 PM
Galaxy Payroll Group Net Loss Narrows 96% to HKD 1.15M
AI Summary
Galaxy Payroll Group Ltd significantly reduced its net loss by 96% to HKD 1.15 million for the six months ended December 31, 2025, compared to HKD 26.53 million in the prior year. This substantial improvement was primarily due to an 80% decrease in total operating expenses, driven by the discontinuation of research and development expenses and lower selling, general, and administrative costs. Total revenues saw a modest 2% increase to HKD 14.03 million, supported by growth in employment services.
Key Highlights
- Net loss decreased 96% to HKD 1,147,010 (US$147,368) for H2 2025.
- Total revenues increased 2% to HKD 14,032,113 (US$1,802,849) for H2 2025.
- Total operating expenses decreased 80% to HKD 6,458,995 (US$829,853).
- Research and development expenses were nil in H2 2025, down from HKD 18,686,290.
- Selling, general, and administrative expenses decreased 50% to HKD 6,459,337.
- Employment services revenue grew 6% to HKD 5,329,806, driven by Vietnam, India, Malaysia, and Italy.
- Payroll outsourcing services revenue increased 0.2% to HKD 8,702,307, with growth in Hong Kong offsetting a decline in PRC.
- Cash balances as of December 31, 2025, were HKD 33,195,112 (US$4,264,915).