SUGPNasdaqServices-Detective, Guard & Armored Car ServicesFiscal year ends September 30
SU Group Holdings Ltd
Financials through fiscal 2025, year ended Sep 30, 2025Last filing: 20-F on Jan 16, 2026
$1.63−0.13 (-7.39%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
16.0%
Operating margin
-10.4%
Net margin
-9.6%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.6% | +12.1% | – | – | |
| Gross profit | -35.4% | -7.8% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -20.1% | |
| Return on assets | – | – | -13.1% | |
| Current ratio | – | – | 2.82 | |
| Inventory turnover | – | – | 4.4× | |
| Capex to revenue | – | – | 0.9% | |
| Diluted shares | – | – | 1M |
Where the cash went
Fiscal 2021 to 2025, five years combined
SU Group generated 66.13M HKD from operations and spent 35.52M HKD on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
66.13M HKD
Used
35.52M HKD
Capital expenditure10.48M HKD29%Dividends25.04M HKD71%Share buybacks0 HKD0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-9.6%
×Asset turnover1.36×
×Equity multiplier1.54×
=Return on equity, FY2025-20.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -9.6% | 1.36× | 1.54× | -20.1% |
| FY2024 | 5.8% | 1.34× | 1.76× | 13.8% |
| FY2023 | 6.0% | 1.57× | 2.12× | 20.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-18.48M HKD
- Cash generatingOperating cash flow above zero-15.46M HKD
- Return on assets improvedROA up on the prior year9.3% → -11.8%
- Earnings backed by cashOperating cash flow above net income-15.46M HKD vs -18.48M HKD
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.54 → 2.82
- No dilutionShare count did not rise1M → 1M
- Gross margin improvedGross margin up on the prior year26.13% → 15.98%
- More efficientAsset turnover rose1.59 → 1.22