New Risk • Dec 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$28m free cash flow). Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$101.3m market cap, or US$13.0m). Reported Earnings • Nov 29
First half 2026 earnings released: HK$0.003 loss per share (vs HK$0.004 loss in 1H 2025) First half 2026 results: HK$0.003 loss per share (improved from HK$0.004 loss in 1H 2025). Revenue: HK$20.7m (down 7.9% from 1H 2025). Net loss: HK$12.4m (loss narrowed 37% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • Nov 14
Integrated Waste Solutions Group Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025 Integrated Waste Solutions Group Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025 New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$101.3m market cap, or US$13.0m). Reported Earnings • Jul 31
Full year 2025 earnings released: HK$0.10 loss per share (vs HK$0.013 loss in FY 2024) Full year 2025 results: HK$0.10 loss per share (further deteriorated from HK$0.013 loss in FY 2024). Revenue: HK$45.1m (up 5.6% from FY 2024). Net loss: HK$490.1m (loss widened HK$425.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (HK$62.7m market cap, or US$7.99m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Jun 29
Full year 2025 earnings released: HK$0.10 loss per share (vs HK$0.013 loss in FY 2024) Full year 2025 results: HK$0.10 loss per share (further deteriorated from HK$0.013 loss in FY 2024). Revenue: HK$45.1m (up 5.6% from FY 2024). Net loss: HK$490.1m (loss widened HK$425.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Sep 05, 2025 Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Sep 05, 2025. Announcement • Jun 20
Integrated Waste Solutions Group Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended 31 March 2025 Integrated Waste Solutions Group Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 March 2025. For the year, the group expects the loss attributable to shareholders will be increased by approximately 650% as compared to a loss attributable to shareholders of approximately HKD 64.7 million for the year ended 31 March 2024. Announcement • Jun 16
Integrated Waste Solutions Group Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Integrated Waste Solutions Group Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • Dec 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (HK$77.2m market cap, or US$9.94m). Announcement • Dec 06
Integrated Waste Solutions Group Holdings Limited Appoints Luey Sisi, Doris as A Non-Executive Director and A Member of the Nomination Committee The board of directors of Integrated Waste Solutions Group Holdings Limited announced the appointment of Ms. Luey Sisi, Doris ("Ms. Luey") as a non-executive Director and a member of the Nomination Committee of the Company with effect from 6 December 2024. Ms. Luey, aged 55, has extensive expertise in brand development, marketing, retail and project management on culture, sports and tourism across Greater China and the Asia Pacific regions. Ms. Luey has been serving as an advisor to Starbucks Coffee in China since 2022, and she previously held the position of chief strategy officer at TVB Broadcasting Limited (Stock code: 00511) from 2020 to 2022. During her tenure from 2016 to 2023, Ms. Luey served as a director of New World Facilities Management Company Limited (re- appointed as non-executive director until 2023), led Social Innovation and held pivotal roles on the advisory board of Eureka Nova, all subsidiaries of New World Development Company Limited (Stock code: 00017). Her focus on harnessing innovation to drive business impact and advance youth development in the region showcases her proactive approach towards growth and social responsibility. New World Development Company Limited is a close associate of a substantial shareholder of the Company as defined in Beyond her professional endeavors, Ms. Luey's roles as an advisor to the Hong Kong Foundation and a board member of the Academy of Chinese Studies, reflect her dedication to fostering societal well-being and cultural education. Ms. Luey has also acted as an advisor, committee member and consultant for numerous multinational charitable organizations and government-supported programs. Ms. Luey is deeply involved in community service as the co-founder and director of the Caring of Children Foundation and Healthy Hong Kong, organizations dedicated to supporting underprivileged children, individuals with disabilities and the elderly. Ms. Luey holds a distinguished Executive Master of Arts degree in Arts Management and Entrepreneurship from the Education University of Hong Kong in partnership with the University of London and an Executive Master of Business Administration degree from the City University of Hong Kong. Reported Earnings • Dec 02
First half 2025 earnings released: HK$0.004 loss per share (vs HK$0.004 loss in 1H 2024) First half 2025 results: HK$0.004 loss per share (in line with 1H 2024). Net loss: HK$19.6m (flat on 1H 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Nov 18
Integrated Waste Solutions Group Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024 Integrated Waste Solutions Group Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024 New Risk • Sep 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.3m (US$9.28m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$72.3m market cap, or US$9.28m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Aug 04
Full year 2024 earnings released: HK$0.013 loss per share (vs HK$0.008 loss in FY 2023) Full year 2024 results: HK$0.013 loss per share (further deteriorated from HK$0.008 loss in FY 2023). Net loss: HK$64.7m (loss widened 63% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$110.9m market cap, or US$14.2m). Reported Earnings • Jun 28
Full year 2024 earnings released: HK$0.013 loss per share (vs HK$0.008 loss in FY 2023) Full year 2024 results: HK$0.013 loss per share (further deteriorated from HK$0.008 loss in FY 2023). Net loss: HK$64.7m (loss widened 63% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 26% per year. Announcement • Jun 27
Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Aug 28, 2024 Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Aug 28, 2024. Announcement • Jun 15
Integrated Waste Solutions Group Holdings Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Integrated Waste Solutions Group Holdings Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Announcement • Jun 13
Integrated Waste Solutions Group Holdings Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2024 Integrated Waste Solutions Group Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended 31 March 2024. For the period, the company expects loss attributable to Shareholders will increase by approximately 60% to 70% as compared to a loss attributable to Shareholders of approximately HKD 39.8 million for the year ended 31 March 2023. The increase in net loss was mainly attributable to the provision for impairment loss on interests in a joint venture and an increase in share of loss of an associate for FY2024. Reported Earnings • Dec 01
First half 2024 earnings released: HK$0.004 loss per share (vs HK$0.003 loss in 1H 2023) First half 2024 results: HK$0.004 loss per share (further deteriorated from HK$0.003 loss in 1H 2023). Net loss: HK$19.7m (loss widened 35% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 17
Integrated Waste Solutions Group Holdings Limited to Report First Half, 2024 Results on Nov 29, 2023 Integrated Waste Solutions Group Holdings Limited announced that they will report first half, 2024 results on Nov 29, 2023 Reported Earnings • Aug 03
Full year 2023 earnings released: HK$0.008 loss per share (vs HK$0.006 loss in FY 2022) Full year 2023 results: HK$0.008 loss per share (further deteriorated from HK$0.006 loss in FY 2022). Net loss: HK$39.8m (loss widened 44% from FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Aug 30, 2023 Integrated Waste Solutions Group Holdings Limited, Annual General Meeting, Aug 30, 2023. Agenda: To consider the New Share Option Scheme. Reported Earnings • Jun 30
Full year 2023 earnings released: HK$0.008 loss per share (vs HK$0.006 loss in FY 2022) Full year 2023 results: HK$0.008 loss per share (further deteriorated from HK$0.006 loss in FY 2022). Net loss: HK$39.8m (loss widened 44% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jun 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (HK$212.2m market cap, or US$27.1m). Announcement • Jun 16
Integrated Waste Solutions Group Holdings Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 Integrated Waste Solutions Group Holdings Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 Reported Earnings • Nov 30
First half 2023 earnings released: HK$0.003 loss per share (vs HK$0.003 loss in 1H 2022) First half 2023 results: HK$0.003 loss per share (in line with 1H 2022). Net loss: HK$14.6m (flat on 1H 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Integrated Waste Solutions Group Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022 Integrated Waste Solutions Group Holdings Limited announced that they will report first half, 2023 results on Nov 29, 2022 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Michael Chan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 03
Full year 2022 earnings released: HK$0.006 loss per share (vs HK$0.005 loss in FY 2021) Full year 2022 results: HK$0.006 loss per share (down from HK$0.005 loss in FY 2021). Net loss: HK$27.6m (loss widened 15% from FY 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 01
Full year 2022 earnings released Full year 2022 results: Net loss: HK$27.6m (loss widened 15% from FY 2021). Announcement • Jun 17
Integrated Waste Solutions Group Holdings Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 Integrated Waste Solutions Group Holdings Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Michael Chan was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 30
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.003 loss per share (down from HK$0.002 loss in 1H 2021). Net loss: HK$14.6m (loss widened 47% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 01
Full year 2021 earnings released: HK$0.005 loss per share (vs HK$0.016 loss in FY 2020) Full year 2021 results: Net loss: HK$23.9m (loss narrowed 69% from FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Executive Departure • Feb 08
Non-Executive Director has left the company On the 1st of February, Sai Cheong Lau's tenure as Non-Executive Director ended after 8.3 years in the role. We don't have any record of a personal shareholding under Sai Cheong's name. Sai Cheong is the only executive to leave the company over the last 12 months. Announcement • Feb 02
Integrated Waste Solutions Group Holdings Limited Announces Board Changes Integrated Waste Solutions Group Holdings Limited announced that Mr. Lau Sai Cheong has tendered his resignation as a Non-executive Director of the Company with effect from 1 February 2021 in order to devote more time to his personal commitments. As a result of his resignation from the Board, Mr. Lau ceased to be a member of the Nomination Committee of the Company with effect from 1 February 2021. Reported Earnings • Dec 25
First half 2021 earnings released: HK$0.002 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$28.4m (down 54% from 1H 2020). Net loss: HK$9.93m (loss narrowed 70% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
First half 2021 earnings released: HK$0.002 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$28.4m (down 54% from 1H 2020). Net loss: HK$9.93m (loss narrowed 70% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Nov 13
Integrated Waste Solutions Group Holdings Limited to Report First Half, 2021 Results on Nov 26, 2020 Integrated Waste Solutions Group Holdings Limited announced that they will report first half, 2021 results on Nov 26, 2020 Announcement • Jun 16
Integrated Waste Solutions Group Holdings Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 Integrated Waste Solutions Group Holdings Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 