Phaos Technology Holdings reports FY2026 results, revenue S$132,077 vs S$167,707 prior year
Phaos Technology Holdings (Cayman) Limited (NYSE American: POAS) announced the filing of its Annual Report on Form 20-F for the fiscal year ended April 30, 2026, with revenue of S$132,077 versus S$167,707 in fiscal year 2025. The company stated the revenue decline was primarily attributable to delayed customer orders expected to be captured in fiscal year 2027, alongside non-recurring costs associated with the November 2025 initial public offering and substantial business development expenditure. Cash and cash e...
Key takeaways
Service revenue grew 59.3% to S$10,845 from S$6,808, indicating underlying growth in the recurring-service segment despite the headline revenue decline.
Total FY2026 revenue of S$132,077 declined 21.2% from S$167,707 in FY2025, primarily attributed to delayed customer orders management expects to capture in FY2027.
Cash and cash equivalents increased to S$762,234 from S$129,552, reflecting proceeds from the November 2025 IPO.
Total shareholders' equity improved to S$5.30 million from a deficit of S$1.96 million, completing the balance sheet turnaround post-listing.
FY2026 results included non-recurring costs associated with completing the November 2025 IPO and substantial business development expenditure.
Forward outlook is qualitative only; management expects significant momentum and revenue growth in the six months ending October 2026 without quantified guidance figures.
The Annual Report on Form 20-F for fiscal year 2026 was filed with the SEC on August 31, 2026 and is available on EDGAR.
Key metrics
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