PN PN Smart Energy Ltd

Overview and Growth

Fiscal 2025 results for PN Smart Energy Ltd combined $63.31M of revenue with net loss of $2.70M and an operating cash inflow of $2.87M. Revenue of $63.31M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 27.0% from $49.86M in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$0.10, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $0.02 in fiscal 2024, the current result was 600.0% lower. The company employed $45.49M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 1.39x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $6.30M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 10.0% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $2.55M operating loss before non-operating and tax effects. An operating margin of -4.0% reflected costs exceeding revenue-level gross profit by 4.0% of sales. The company ended the period with a net loss of $2.70M, extending the operating result through all remaining items. Net margin was -4.3%, reflecting a loss equal to 4.3% of reported revenue. The pretax result was a loss of $2.18M, establishing the deficit before tax effects. The pretax loss equaled 3.4% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $36.09K, the amount recognized between pretax income and the final net-income result. Relative to period-end equity, the net loss represented 12.0%. The loss-to-assets relationship was 5.9%, placing the bottom-line deficit against the company’s resource base. A $2.70M net loss replaced fiscal 2024 net income of $470.99K.

Liquidity and Capital Structure

At period end, the $45.49M asset base was financed through $23.02M of liabilities and $22.48M of equity. At period end, current assets of $34.59M compared with current liabilities of $21.72M, defining the company’s short-term resource position. At 1.59x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $9.34M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 43.0% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 49.4%, placing book capital against the total resource base. The liabilities-to-assets relationship was 50.6%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 20.5% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 42.4% from $31.95M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 19.8% from $18.76M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 80.8% from $5.17M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $2.87M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital spending was $465.36K, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 16.2% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $2.41M, leaving a positive amount after capital expenditures. Free cash flow represented 3.8% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 5.3% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.