FINANCIAL REPORTS · NASDAQ: PMEC
Audited Financial Statements and Results Announcements
Annual audited financial statements are included in the Annual Report on Form 20-F filed with the SEC. The documents below are hosted for convenience; the SEC filing is the authoritative version. The fiscal year ends on 31 March and figures are reported in U.S. dollars.
Audited Financial Statements
- FY2026 (year ended 31 March 2026): included in the Annual Report on Form 20-F filed 29 July 2026. Revenue US$78.0 million, contracted revenue backlog US$177.7 million at 31 March 2026.
- Audited financial statements for FY2025 (PDF, 53 pages; also in the Form 20-F filed 24 July 2025)
- Audited financial statements for FY2024 (PDF, 52 pages; also in the Form 20-F filed 23 July 2024)
FY2026 at a Glance
Audited figures, US$ millions unless stated, fiscal years ended 31 March.
| Item | FY2026 | FY2025 |
|---|---|---|
| Revenue | 78.0 | 74.3 |
| Gross profit | 13.3 | 17.5 |
| Gross margin | 17.1% | 23.6% |
| Loss from operations | (2.0) | (0.9) |
| Net loss | (2.97) | (2.22) |
| Net loss attributable to Primech Holdings | (2.44) | (1.94) |
| Loss per share, basic and diluted (US$) | (0.06) | (0.05) |
| Cash and cash equivalents, 31 March | 8.9 | 10.1 |
| Working capital, 31 March | 8.2 | 8.1 |
| Total assets, 31 March | 42.5 | 41.2 |
| Shareholders’ equity, 31 March | 12.5 | 14.7 |
| Contracted revenue backlog, 31 March | 177.7 | 120.8 |
Segments, FY2026: the facility services segment earned a segment profit of US$6.1 million; the robotics segment (Primech AI) recorded revenue of about US$12,000 from its first commercial lease year and a segment loss of US$2.5 million, including US$0.4 million of research and development. Government wage subsidies netted in cost of revenue were US$2.8 million (FY2025: US$4.1 million). Source: audited consolidated financial statements in the Form 20-F for FY2026, audited by Weinberg & Company, P.A.
Financing and Subsequent Events
- US$4.0 million of senior unsecured 7% convertible promissory notes issued to WELLE Environmental (Lux) S.à r.l., a subsidiary of WELLE Environmental Group (SZSE: 300190): US$2.0 million in January 2026 and US$2.0 million in July 2026, with the conversion price amended to US$1.30 per share in July 2026.
- Sale of the Group’s former headquarters property for approximately US$8.1 million, completed after the year end; headquarters relocated to 60 MacPherson Road, Siemens Centre.
- Banking facility covenants (minimum adjusted tangible net worth of S$10.0 million and gearing of no more than 2.2 times) were in compliance at 31 March 2026, with approximately US$7.6 million of undrawn loan and overdraft facilities.
Results Announcements
- Financial updates and corporate highlights for the six months ended 30 September 2025 (30 March 2026)
- Fiscal year 2025 results: contracted revenue backlog at US$120.8 million (24 July 2025)
- Financial updates and corporate highlights for the six months ended 30 September 2024 (27 March 2025)
- Fiscal year 2024 results: 5.1% revenue increase, US$144.4 million in future contracted revenues (24 July 2024)
- Financial updates and corporate highlights for the six months ended 30 September 2023 (28 March 2024)
Annual Reports on Form 20-F
Loaded from SEC EDGAR:
| Date | Form | Description | View |
|---|---|---|---|
| 29 Jul 2026 | 20-F | Annual Report (Form 20-F)Fiscal year ended 31 March 2026 | Document Filing index |
| 24 Jul 2025 | 20-F | Annual Report (Form 20-F)Fiscal year ended 31 March 2025 | Document Filing index |
| 23 Jul 2024 | 20-F | Annual Report (Form 20-F)Fiscal year ended 31 March 2024 | Document Filing index |
Source: SEC EDGAR, retrieved 22 October 2026, 00:55 Asia/Singapore. View all filings on EDGAR.
Investor Relations Contact
Email ir@primechholdings.com
Primech Holdings Limited
60 MacPherson Road, Siemens Centre #04-08, Singapore 348615
+65 6286 1868
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