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Pitanium Limited Reports Net Loss for Six Months Ended March 31, 2025, and Completes IPO
PTNM
Earnings
New Projects/Investments
- Pitanium Limited reported a net loss of HK$703,232 (approximately US$90,235) for the six-month period ended March 31, 2025, compared to a net income of HK$3,102,334 in the same period of 2024, primarily driven by increased general and administrative expenses.
- Revenue for the six months ended March 31, 2025, increased by 1.36% to HK$36,360,058 (approximately US$4,665,553) from HK$35,873,602 in the prior year period.
- The company's gross profit margin improved to 87.17% for the six months ended March 31, 2025, up from 79.70% in the same period of 2024, mainly due to more favorable product sourcing prices.
- Cash balances decreased to HK$11,523,694 (approximately US$1,481,218) as of March 31, 2025, from HK$16,964,489 as of September 30, 2024, with net cash used in operating activities amounting to HK$3,887,538 (approximately US$498,832) for the six months ended March 31, 2025.
- Pitanium's Initial Public Offering (IPO) was declared effective on May 29, 2025, with shares beginning to trade on the Nasdaq Capital Market under "PTNM" on May 30, 2025, raising US$7 million in gross proceeds from the sale of 1,750,000 Class A ordinary shares at US$4.00 per share on June 2, 2025.
Sep 15, 2025, 8:15 PM
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