9.3 C
London
Friday, May 15, 2026
Home Business Galaxy Payroll Group Limited Reports Improved Interim Results and Positive Operating Cash...

Galaxy Payroll Group Limited Reports Improved Interim Results and Positive Operating Cash Flow

0
88

HONG KONG, May 14, 2026 – (ACN Newswire) – Galaxy Payroll Group Limited (NASDAQ: GLXG) (“GLXG” or the “Company”), a service provider of payroll outsourcing and work services, today revealed its unaudited monetary outcomes for the 6 months ended December 31, 2025.

Financial Highlights

· Revenue increased to HKD14.0 million (US$ 2.0 million), representing year-over-year development of roughly 2%

· Total variety of consumers increased from 196 to 210

· Net loss enhanced substantially from HKD26.5 million (US$ 3.4 million) to HKD1.1 million (US$ 0.1 million)

· Operating costs decreased considerably following normalization of prior-period non-recurring expenditures

· Net money offered by running activities was HKD1.25 million (US$ 0.2 million)

· Cash balance increased to HKD33.2 million (US$ 4 million) since December 31, 2025

The Company’s work services company continued to broaden throughout several Asian markets, supported by growing need for cross-border work and outsourcing options.

The considerable decrease in bottom line compared to the previous duration mostly showed the lack of particular one-time research study and advancement expenses and listing-related expenses sustained throughout the previous.

For the complete interim unaudited monetary declarations for the 6 months ended December 31, 2025, please describe the report of foreign companies provided by the Company with the United States Securities and Exchange Commission on the even day of this release.

Service Update

The Company has actually likewise observed motivating service activity going into 2026, consisting of boosts in customer headcount throughout picked accounts and continued onboarding of jobs in several markets. These observations are initial in nature and might not always be a sign of future monetary outcomes.

Capital Position

Since December 31, 2025, the Company kept money and money equivalents of around HKD33.2 million (US$ 4 million) and favorable operating capital. Management thinks the Company’s existing liquidity position supports its present operating strategy and continuous company advancement activities.

Based upon present expectations, the Company does not presently anticipate to need near-term external equity funding and has no present intent to develop an at-the-market (“ATM”) using program over the next 12 months. This evaluation stays based on market conditions, service efficiency, and tactical factors to consider.

Management Commentary

Wai Hong Lao, Chief Executive Officer of GLXG, commented:

“Our interim outcomes show continued development in supporting and reinforcing our operating profile following our public listing. While earnings development stayed modest throughout the duration, we accomplished significant enhancement in our expense structure and running efficiency.

We are motivated by the ongoing growth of our client base, favorable operating capital, and continuous company activity going into 2026. We stay concentrated on disciplined execution, sensible capital management, and structure long-lasting investor worth.”

About Galaxy Payroll Group Limited

Galaxy Payroll Group Limited is a company of payroll outsourcing and work services running throughout numerous Asian markets.

Positive Statements

This news release includes positive declarations within the significance of suitable securities laws. These declarations are based upon present expectations and presumptions and undergo threats and unpredictabilities that might trigger real outcomes to vary materially. Elements that might trigger such distinctions consist of, however are not restricted to, market conditions, consumer need, competitive conditions, regulative advancements, funding conditions, and the Company’s capability to perform its service method. Positive declarations consist of declarations relating to future company activity, development expectations, liquidity, and funding objectives. The Company carries out no responsibility to upgrade positive declarations other than as needed by law.


Subject: Press release summary

Get $10 by answering a Simple Survey. Click Here