Phoenix Asia Holdings Ltd
What Do They Do?
Performs substructure construction work, including site formation, ground investigation and foundation work, for Hong Kong project owners and construction contractors.
20-F for FY2026, filed Aug 14, 2026
How Do They Make Money?
Customers pay for substructure work through monthly progress payments tied to work completed; advisory and supervision services are charged monthly.
20-F for FY2026, filed Aug 14, 2026In general, we submit monthly progress reports to our customers and our customers make progress payments to us on a monthly basis. We…View ↗
To a lesser extent, we also provide (i) other construction services such as structural steelworks; and (ii) advisory services and…View ↗
The Company performs a majority of foundation works under master construction agreements and other contracts that contain…View ↗
$7.2M
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20-F for FY2026, filed Aug 14, 2026
$7.2M ↗
Who Are Their Customers?
Customers include project owners, consultants, main contractors and subcontractors. The company mainly finds work through customer tender invitations and enters formal contracts for projects in Hong Kong.
20-F for FY2026, filed Aug 14, 2026Our customers may be the project owner of the construction project or its consultants, main contractor of subcontractor of the relevant…View ↗
We identify potential projects mainly through invitations for tender from customers. Although we currently do not maintain a dedicated…View ↗
We generally enter into a formal contract with the customers. Although the terms of the contracts may vary, the material terms that are…View ↗
Do Revenues Turn Into Profits?
No. It lost $1.2M in FY2026.
20-F for FY2026, filed Aug 14, 2026
How Are They Changing?
Growing. Revenue grew 3.2x in 3 years, from $2.2M in FY2023 to $7.2M in FY2026, about 48% a year.
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