Company research
Primech Holdings Ltd
CIK 1891944Updated Sep 24, 2026
SecurityPMEC · NASDAQ · equity
PMEC price & chart
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NASDAQ:PMEC on TradingView ↗About the company
Primech Holdings Ltd. (Nasdaq: PMEC) is a Singapore-headquartered, technology-driven facilities services and AI robotics group with operations in Singapore and Hong Kong. Through its subsidiaries, the Group provides cleaning, facilities maintenance, stewarding, waste management and pest control services to public and private sector clients. Through its subsidiary Primech AI, the Group develops HYTRON, an autonomous restroom-cleaning robot that combines AI perception with robotic manipulation. The Group also operates HomeHelpy, a digital home-services booking platform serving the consumer market.
In the news
Primech Holdings Secures Approximately US$8.8 Million in New Commercial, Institutional and Tenancy Facilities Services Contracts ↗
Seeking Alpha
Primech secures $8.8M of services contracts ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 41,200,000Source | 45,509,000Source |
| Property, Plant and Equipment, NetUSD | 9,686,000Source | 10,082,000Source |
| GoodwillUSD | 391,000Source | 667,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,000Source | 21,000Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,145,000Source | 7,648,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 15,633,000Source | 18,452,000Source |
| Inventory, NetUSD | 44,000Source | 55,000Source |
| Assets, CurrentUSD | 29,007,000Source | 31,333,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,700,000Source | 3,810,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,114,000Source | 3,406,000Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 26,521,000Source | 30,450,000Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | 23,961,000Source | 22,193,000Source |
| Retained Earnings (Accumulated Deficit)USD | -10,991,000Source | -9,049,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 995,000Source | 923,000Source |
| Stockholders' Equity Attributable to ParentUSD | 14,889,000Source | 14,991,000Source |
| Additional Paid in Capital, Common StockUSD | 924,000Source | 924,000Source |
| Liabilities and EquityUSD | 41,200,000Source | 45,509,000Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 20,867,000Source | 22,742,000Source |
| Operating Lease, Liability, CurrentUSD | 163,000Source | 1,989,000Source |
| Operating Lease, Liability, NoncurrentUSD | 385,000Source | 1,501,000Source |
| Deferred Income Tax Liabilities, NetUSD | 255,000Source | 251,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -210,000Source | 68,000Source |
| Additional Financial Items | ||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 18,452,000Source |
| Deferred Tax Liabilities, NetUSD | 255,000Source | 251,000Source |
| Long-term Debt, Excluding Current Maturities | — | — |
| Long-term Debt, Current MaturitiesUSD | 8,481,000Source | 11,277,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,331,000Source | 5,705,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -2,220,000Source | -3,223,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,768,000Source | — |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | -2,888,000Source | 3,330,000Source |
| Increase (Decrease) in InventoriesUSD | -11,000Source | -84,000Source |
| Deferred Income Tax Expense (Benefit)USD | -6,000Source | -454,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 7,382,000Source | -9,082,000Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,031,000Source | -807,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,098,000Source | 909,000Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -4,387,000Source | 8,181,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,145,000Source | 7,648,000Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 789,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 533,000Source | 284,000Source |
| Additional Financial Items | ||
| Share-based Payment Arrangement, ExpenseUSD | 1,768,000Source | — |
| Amortization of Intangible AssetsUSD | 19,000Source | 29,000Source |
| DepreciationUSD | 1,483,000Source | 1,640,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,000Source | 13,000Source |
| General and Administrative ExpenseUSD | 16,176,000Source | 13,160,000Source |
| GoodwillUSD | 391,000Source | 667,000Source |
| Goodwill, Impairment LossUSD | 291,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 291,000Source | — |
| Income Tax Expense (Benefit)USD | 456,000Source | -493,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,942,000Source | -3,239,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -278,000Source | 16,000Source |
| Operating Costs and ExpensesUSD | 75,297,000Source | — |
| Operating Lease, ExpenseUSD | 390,000Source | 504,000Source |
| Other Operating Income (Expense), NetUSD | -27,000Source | 211,000Source |
| Proceeds from Issuance of Common StockUSD | — | 9,473,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 74,349,000Source | 72,524,000Source |
| Cost of Goods and Services Sold | — | — |
| Gross Profit (Calculated) · Derived | — | — |
| Operating Income (Loss)USD | -948,000Source | -2,782,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,764,000Source | -3,716,000Source |
| Income Tax Expense (Benefit)USD | 456,000Source | -493,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -278,000Source | 16,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,942,000Source | -3,239,000Source |
| Earnings Per Share, BasicUSD per share | -0.05Source | -0.1Source |
| Earnings Per Share, DilutedUSD per share | -0.05Source | -0.1Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 37,584,000Source | 33,929,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 37,584,000Source | 33,929,000Source |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 19,000Source | 29,000Source |
| Costs and ExpensesUSD | — | 75,306,000Source |
| Current Income Tax Expense (Benefit)USD | 462,000Source | -39,000Source |
| General and Administrative ExpenseUSD | 16,176,000Source | 13,160,000Source |
| Goodwill, Impairment LossUSD | 291,000Source | — |
| Interest ExpenseUSD | 789,000Source | 1,145,000Source |
| Operating Costs and ExpensesUSD | 75,297,000Source | — |
| Operating Lease, ExpenseUSD | 390,000Source | 504,000Source |
| Other Cost and Expense, OperatingUSD | 4,885,000Source | — |
| Other Cost of Operating RevenueUSD | 8,318,000Source | — |
| Other Operating Income (Expense), NetUSD | -27,000Source | 211,000Source |
| Selling and Marketing ExpenseUSD | 2,007,000Source | 2,231,000Source |
Filing attachments
ea030608901ex99-1.htm · 6-K · 2026-09-24
Exhibit 99.1 PRIMECH HOLDINGS LTD. PROVIDES UPDATE ON LEGAL PROCEEDINGS SINGAPORE, September 24, 2026 - Primech Holdings Ltd. (Nasdaq: PMEC) (“Primech” or the “Company”), a leading technology-driven facility services provider serving public and private sectors across Singapore, today provided an update regarding certain legal proceedings involving the Company and its subsidiary, Primech AI Pte. Ltd. (“Primech AI”). On August 7, 2026, Primech and Primech AI commenced proceedings in the General…
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