jadeite_haystack
Oct 29, 3:47 PM
$GLXG Galaxy Payroll Group Ltd. (GLXG) reported revenue of HKD28,815,643 (US
$3,674,528) for the year ended June 30, 2026, up 5% from HKD27,429,319 in the year ended June 30, 2025. Customers numbered 234, compared with 210 a year earlier. Employment-services revenue rose 11% to HKD10,888,308, while payroll-outsourcing revenue rose 2% to HKD17,927,335.
Net loss narrowed 61% to HKD10,625,769 from HKD27,568,713, while operating loss was HKD11,078,505. Total operating expenses fell to HKD21,570,588 from HKD39,439,628 as research and development expense dropped from HKD18,686,290 to nil; management discontinued further platform investment. Cost of revenues rose 16.3% to HKD18,323,560, or 63.6% of revenue, versus 57.4% in the year ended June 30, 2025.
Net cash used in operating activities was HKD8,136,095 for the year ended June 30, 2026; management believes current cash levels and operating cash flows will be sufficient to meet anticipated needs for at least the next 12 months.
0 replies