Phoenix Asia swings to FY26 net loss of USD 1.2 million; revenue falls 2.2% to USD 7.21 million
PHOE•FY26 results
- Phoenix Asia posted a net loss of USD 1.2 million, swinging from profit a year earlier.
- Revenue slipped 2.2% to USD 7.21 million, as revenue-contributing projects fell to 13 from 27.
- Operating loss widened to USD 1.21 million, as cost of revenue rose 32.4% to USD 6.88 million.
Margins and backlog
- Gross profit dropped 84.8% to USD 329,656, with gross margin down 24.9 percentage points to 4.6%.
- Backlog climbed to USD 7.48 million, while cash at banks fell to USD 892,525 from USD 2.38 million.
