Revenue growth has effectively stalled at 1.0% in 2025Q4, while operating margins have compressed significantly from 29.1% in 2024Q4 to 22.0% due to rising service delivery costs.
| Sales/Revenue | 4.89M | 558.69K | 472.6K | 472.6K |
| Revenue Growth % | 775.05% | 18.22% | - | - |
| Cost of Goods Sold | 2.75M | 287.97K | 251.35K | 251.35K |
| COGS % of Revenue | 56.23% | 51.54% | 53.18% | 53.18% |
| Gross Profit | 2.14M | 270.72K | 221.25K | 221.25K |
| Gross Margin % | 43.77% | 48.46% | 46.82% | 46.82% |
| Gross Profit Growth % | 690.39% | 22.36% | - | - |
| Operating Expenses | 1.06M | 135.6K | 159.72K | 159.72K |
| OpEx % of Revenue | 21.68% | 24.27% | 33.8% | 33.8% |
| Selling, General & Admin | 1.06M | 135.6K | 159.72K | 159.72K |
| SG&A % of Revenue | 21.68% | 24.27% | 33.8% | 33.8% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 |
| Operating Income | 1.08M | 135.12K | 61.53K | 61.53K |
| Operating Margin % | 22.09% | 24.18% | 13.02% | 13.02% |
| Operating Income Growth % | 699.25% | 119.59% | - | - |
| EBITDA | 1.23M | 148.57K | 77.45K | 77.45K |
| EBITDA Margin % | 25.14% | 26.59% | 16.39% | 16.39% |
| EBITDA Growth % | 727.14% | 91.83% | - | - |
| D&A (Non-Cash Add-back) | 148.98K | 13.46K | 15.92K | 15.92K |
| EBIT | 1.08M | 143.25K | 88.32K | 88.32K |
| Net Interest Income | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Other Income/Expense | 72.32K | 8.13K | 26.79K | 26.79K |
| Pretax Income | 1.15M | 143.25K | 88.33K | 88.33K |
| Pretax Margin % | 23.57% | 25.64% | 18.69% | 18.69% |
| Income Tax | 130.5K | 16.27K | 6.42K | 6.42K |
| Effective Tax Rate % | 11.33% | 11.36% | 7.27% | 7.27% |
| Net Income | 1.02M | 126.97K | 81.9K | 81.9K |
| Net Margin % | 20.9% | 22.73% | 17.33% | 17.33% |
| Net Income Growth % | 704.68% | 55.03% | - | - |
| Net Income (Continuing) | 1.02M | 126.97K | 81.9K | 81.9K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.01 | 0.01 | 0.01 | 0.01 |
| EPS Growth % | - | - | - | - |
| EPS (Basic) | 0.01 | 0.01 | 0.01 | 0.01 |
| Diluted Shares Outstanding | 13.9M | 13.9M | 13.9M | 13.9M |
| Basic Shares Outstanding | 13.9M | 13.9M | 13.9M | 13.9M |
| Dividend Payout Ratio | - | 3.49% | 8.09% | 8.09% |
Liquidity and Working Capital
According to the most recent quarterly financial data, ACCL's revenue growth has effectively stalled at 1.0% in 2025Q4, a stark contrast to the hyper-growth narratives often associated with the firm's expansion phase, suggesting that the initial momentum in the HK and Singapore markets may be fading.
The lack of meaningful top-line expansion indicates that the company is struggling to convert its regulatory-driven moat into sustained client acquisition. Investors should monitor whether this stagnation is a result of market saturation in the corporate secretarial space or an inability to effectively cross-sell higher-margin IP services to the existing base.
As reported in the latest income statements, gross margins have contracted from 51.9% in 2024Q4 to 44.5% in 2025Q4, signaling that the firm is facing increased pressure from rising professional labor costs or competitive pricing strategies within its core Hong Kong and Singapore service jurisdictions.
This downward trend in profitability suggests that the company's pricing power is not as robust as previously assumed, particularly as it attempts to scale. The erosion of margins implies that the cost of delivering compliance services is rising faster than the firm's ability to pass those costs on to its clients.
Based on the provided financial figures, the operating margin has compressed from 29.1% in 2024Q4 to 22.0% in 2025Q4, indicating that the company is failing to achieve the necessary operating leverage to offset the rising costs associated with its professional services delivery model.
The inability to maintain operating margins during a period of stagnant revenue suggests that the firm's overhead structure is becoming increasingly inefficient. This warrants further investigation into whether the company is over-investing in administrative headcount without a corresponding increase in billable output.
Data from recent filings reveals a precarious cash position of only $254,305 against nearly $4.88M in annual revenue, which suggests that the company may be facing a significant liquidity squeeze that could limit its ability to fund future growth or manage unexpected regulatory compliance costs.
The thin cash buffer relative to the scale of operations is a major red flag for a professional services firm that relies on high-touch, labor-intensive delivery. If the company's working capital cycle experiences any disruption, it may be forced to seek external financing, which would dilute shareholders or increase interest expense.
Quick answers to the most common questions about buying ACCL stock.
For fiscal year 2025, Acco Group Holdings Limited Ordinary Shares (ACCL) reported total revenue of $4.9M. This represents a 934.5% increase compared to $0.5M in 2022.
Acco Group Holdings Limited Ordinary Shares (ACCL) is profitable, generating $1.0M in net income for the fiscal year ending 2025 with a net profit margin of 20.9%.
Acco Group Holdings Limited Ordinary Shares (ACCL) reported an operating income of $1.1M, resulting in an operating profit margin of 22.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Acco Group Holdings Limited Ordinary Shares (ACCL) generated $2.1M in gross profit for the year, representing a gross profit margin of 43.8%. This demonstrates the company's core pricing power and production efficiency.