Powell Max Ltd cash flow statement

In fiscal 2025, Powell Max Ltd's operations generated −$1.1m of cash; it spent $2,694 on capital projects, leaving free cash flow of −$1.1m.

Cash flow statement

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Powell Max Ltd: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	699	908	−1,462	−1,122
Depreciation and amortisation	—	437	434	390
Stock-based pay	—	—	—	15
Capital spending	60	37	191	3
Free cash flow	639	872	−1,653	−1,125
Free cash flow after stock pay	—	—	—	−1,140

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Powell Max Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Powell Max Ltd.