4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in HKD as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 16.4% per year over the past 3 years.
Operating margin has contracted, at -101.2% in the latest year.
Financial health
Operating income covered interest expense -464.4× in the latest year, down from 113× 3 years ago.
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.2 years of cash runway.
Shareholder returns
Dividends have been paid for 4 consecutive years.
The dividend has declined 32.3% per year over the past 3 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
HK$27M
-HK$28M
42.6%
-101.2%
-101.7%
-70.4%
-HK$28M
—
HK$32M
2024
HK$30M
HK$6M
53.7%
23.3%
85.0%
20.7%
HK$7M
—
HK$11M
2023
HK$31M
HK$9M
58.7%
32.9%
87.1%
29.8%
HK$16M
—
HK$17M
2022
HK$47M
HK$23M
75.1%
57.7%
148.4%
—
—
—
HK$14M
Valuation over time
How the market has priced GLXG against its own fundamentals since 2024-09 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 244.8× (Sep '24) to 22.6× (May '25).
The price-to-sales ratio has fallen from 44.7× (Sep '24) to 0.6× (Nov '26).
The dividend yield has risen from 0.7% (Sep '24) to 38.0% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GLXG growing its revenue and profit?
Over the past 3 years, Galaxy Payroll Group Ltd's revenue has declined 16.4% per year.
How much debt does GLXG have?
As of FY2025, Galaxy Payroll Group Ltd reported — of total debt against HK$32M of cash; operating income covered interest expense -464.4×.
What is GLXG's profit margin?
In FY2025, gross margin was 42.6%, operating margin -101.2%, and net margin -100.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in HKD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in HKD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXHKUS; 1 HKD = 0.1275 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing.