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EvoAir Holdings Inc

evoair.com.my

What Do They Do?

Sells eco-friendly heating, ventilation and air-conditioning products and related services to customers in Asia.

How Do They Make Money?

Customers buy HVAC products and related services; for certain business contracts, the company collects customer deposits in advance.

revenue
SegmentShareRevenue
Air Conditioners And HVAC Products
68%
Installation And Related Services
25%
Components And Parts
4.6%
Retrofitting
1.3%
Ionic Nano Copper Zinc Products
1.0%

Who Are Their Customers?

Substantially all revenue comes from customers in Malaysia.

Do Revenues Turn Into Profits?

No. It lost $4.1M in FY2026.

Operating income, FY2026
−1319% of revenue
▼ −72% (Loss) vs FY2025 (−$14.9M, −5247%)
Net income, FY2026
−1283% of revenue
▼ −72% (Loss) vs FY2025 (−$14.6M, −5138%)
Free cash flow, FY2026
−427% of revenue
▲ +21% (Loss) vs FY2025 (−$1.1M, −396%)

How Are They Changing?

Growing. Revenue grew 2.8x in 4 years, from $112.2K in FY2022 to $319.1K in FY2026, about 30% a year.

Revenue over time
Air Conditioners And HVAC Products Installation And Related Services Components And Parts Retrofitting Ionic Nano Copper Zinc Products Other
$500K$250K$0

Who Do They Compete With?

Competes with Daikin Industries, Gree Electric, Trane Technologies, Johnson Controls, Lennox International, Midea Group, and Mitsubishi Electric

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