Company research
Phoenix Asia Holdings Ltd
CIK 2035709Updated Nov 10, 2026
SecurityPHOE · NASDAQ · equity
PHOE price & chart
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NASDAQ:PHOE on TradingView ↗About the company
We are an exempted company with limited liabilities incorporated under the laws of the Cayman Islands on August 9, 2024. We operate as a holding company. We operate our business primarily through our indirectly wholly-owned Operating Subsidiary, Winfield Engineering (Hong Kong) Limited. We mainly engage in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, we also provide other construction services such as structural steelworks. We mostly undertake substructure works in the role of subcontractor for the six months ended September 30, 2024 and the fiscal years ended March 31, 2024 and 2023.
In the news
Recent filings
Show 5 more recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q2 2026 | Q2 2025 | FY 2026 | FY 2025 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 8,697,185Source | — | 7,323,334Source | 5,369,720Source |
| Property, Plant and Equipment, NetUSD | 47,644Source | — | 34,108Source | 62,507Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,521,280Source | — | 892,525Source | 2,376,362Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 5,177,879Source | — | 4,618,433Source | 1,631,524Source |
| Assets, CurrentUSD | 8,324,064Source | — | 6,097,160Source | 5,020,706Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | 402,393Source | — |
| Operating Lease, Right-of-Use AssetUSD | 17,514Source | — | 51,518Source | 5,894Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,201,672Source | — | 1,164,786Source | 2,259,594Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 216Source | — | 216Source | 200Source |
| Additional Paid in CapitalUSD | 4,562,099Source | — | 4,624,430Source | 375,064Source |
| Retained Earnings (Accumulated Deficit)USD | 2,933,198Source | — | 1,533,902Source | 2,734,862Source |
| Stockholders' Equity Attributable to ParentUSD | 7,495,513Source | 2,715,088Source | 6,158,548Source | 3,110,126Source |
| Liabilities and EquityUSD | 8,697,185Source | — | 7,323,334Source | 5,369,720Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,185,161Source | — | 1,116,401Source | 2,239,192Source |
| Operating Lease, Liability, CurrentUSD | 990Source | — | 22,357Source | 5,943Source |
| Accounts Payable, CurrentUSD | 1,009,412Source | — | 569,552Source | 1,350,632Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 29,161Source | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 4,618,433Source | — |
| Accrued Liabilities, CurrentUSD | 37,802Source | — | 238,419Source | 696,966Source |
| Deferred Tax Liabilities, NetUSD | — | — | 1,367Source | 4,165Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, Depletion and AmortizationUSD | 28,399Source | 30,786Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 2,986,695Source | -839,583Source |
| Increase (Decrease) in Accounts PayableUSD | -781,080Source | -122,303Source |
| Deferred Income Tax Expense (Benefit)USD | — | -5,903Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -5,727,785Source | 1,180,444Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -41,086Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 41,086Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 4,243,948Source | 346,426Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,483,837Source | 1,485,784Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 800Source | 800Source |
| Income Taxes Paid, NetUSD | — | -475,943Source |
| Additional Financial Items | ||
| DepreciationUSD | 28,399Source | 30,786Source |
| General and Administrative ExpenseUSD | 1,539,572Source | 878,189Source |
| Income Tax Expense (Benefit)USD | -2,385Source | 270,671Source |
| InterestExpenseNonoperatingUSD | 2,481Source | 733Source |
| Net Income (Loss) Attributable to ParentUSD | -1,200,960Source | 1,026,318Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,200,960Source | 1,026,318Source |
| Nonoperating Income (Expense)USD | 6,571Source | -670Source |
| Operating ExpensesUSD | 1,539,572Source | 878,189Source |
| Other Nonoperating Income (Expense)USD | 9,052Source | 63Source |
| Proceeds from Issuance of Common StockUSD | 4,249,282Source | 375,161Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 7,205,749Source | 7,370,545Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 |
|---|---|---|
| Total RevenueUSD | 7,205,749Source | 7,370,545Source |
| Cost of Goods and Services Sold | —Source | —Source |
| Operating Income (Loss)USD | -1,209,916Source | 1,297,659Source |
| Other Nonoperating Income (Expense)USD | 9,052Source | 63Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,203,345Source | 1,296,989Source |
| Income Tax Expense (Benefit)USD | -2,385Source | 270,671Source |
| Net Income (Loss) Attributable to ParentUSD | -1,200,960Source | 1,026,318Source |
| Earnings Per Share, BasicUSD per share | -0.06Source | 0.06Source |
| Earnings Per Share, DilutedUSD per share | -0.06Source | 0.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 21,494,795Source | 18,119,452Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 21,494,795Source | 18,119,452Source |
| Interest Expense (non-operating)USD | 2,481Source | 733Source |
| Additional Financial Items | ||
| Current Income Tax Expense (Benefit)USD | — | 276,574Source |
| General and Administrative ExpenseUSD | 1,539,572Source | 878,189Source |
| Gross ProfitUSD | 329,656Source | 2,175,848Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -1,200,960Source | 1,026,318Source |
| Nonoperating Income (Expense)USD | 6,571Source | -670Source |
| Operating ExpensesUSD | 1,539,572Source | 878,189Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 7,205,749Source | 7,370,545Source |
Offerings
Registration 333-284260
- Gross proceeds
- 6400000.0
- Net proceeds
- 5920000.0
- Deal price
- 4.0
- Shares
- 1600000
- Offering price
- $4.00
- Ticker
- PHOE
Filing attachments
ex4-1.htm · 6-K · 2026-05-04
Exhibit 4.1 THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND ANY SECURITIES INTO WHICH THIS CERTIFICATE IS CONVERTIBLE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OR (B) AN OPINION OF COUNSEL TO THE HOLDER…
Read attachment ↗ex99-1.htm · 6-K · 2026-05-04
Exhibit 99.1 Phoenix Asia Holdings Limited Announces Entering into Stock Acquisition Agreement and Convertible Promissory Note Hong Kong, May 4, 2026 - Phoenix Asia Holdings Limited (the “Company” or “Phoenix Asia”) (NASDAQ: PHOE), a Hong Kong-based company mainly engaged in substructure works, announces a significant update in its business development. Phoenix Asia is pleased to announce entering into a stock acquisition agreement (the “Stock Acquisition Agreement”) with ACEA Pharma, Inc., a…
Read attachment ↗ex99-1.htm · 6-K · 2026-03-31
Exhibit 99.1 Phoenix Asia Holdings Limited Announces Unaudited Financial Results For The Six Months Ended September 30, 2025 Hong Kong, March 31, 2026 (GLOBE NEWSWIRE) - Phoenix Asia Holdings Limited (“PHOE” or the “Company”) (Nasdaq: PHOE) is an exempted company with limited liability incorporated under the laws of the Cayman Islands with no material operations of its own. The Company, through its indirectly wholly-owned operating subsidiary, Winfield Engineering (Hong Kong) Limited, is enga…
Read attachment ↗ex99-2.htm · 6-K · 2026-03-31
Exhibit 99.2 Phoenix Asia Holdings Limited and its subsidiaries Unaudited Interim Condensed Consolidated Balance Sheets September 30, March 31, …
Read attachment ↗