- Business
- Paladin Limited (0495.HK) is a Bermuda-incorporated investment holding company primarily engaged in property investment through rental of investment properties and research and development of high technology systems and applications, including portable x-ray imaging systems, advanced positioning solutions, linear image sensors, 3D industrial cameras, 3D industrial vision software, AI-based industrial vision solutions, and autonomous mobile robotic solutions and related services; it operates in Hong Kong, Finland, and internationally with key subsidiaries such as Pexray Oy (portable digital x-ray devices for non-destructive testing in industrial applications like weld and corrosion inspection, and security applications including explosive device detection, baggage scanning, border control, forensic investigation, and event security; NDT product line launched in 2020 with a battery-operated portable x-ray source released in 2022 as a growth driver), Navigs Oy (GNSS and image-based positioning systems such as IPESSA Tiny for precision farming and heavy machinery, IPESSA Base Station delivering RTK corrections since December 2023, IPESSA Nano for drones and compact AGVs shipped in fiscal 2023-24, IPESSA Yaw Bar for marine navigation with sales of entry-level version commenced, and IPESSA RTK-VINS), and Dynim Oy (RTK VINS platforms including AI NVIDIA-based for robotics, Lite Qualcomm-based for IoT and drones, and Dual Core STM-based for lightweight applications, developed in collaboration with sister companies Navigs Oy, Crearo, Pixon, and Techvico, with scaling in Vietnam and first releases targeted for Q3-Q4 2025). Founded in 1988 and headquartered at Suite 2100, 21/F, Capital Centre, 151 Gloucester Road, Wan Chai, Hong Kong, the company employs 43 staff and targets markets in security, counter-intelligence, non-destructive testing, precision agriculture, construction, marine navigation, drones, robotics, and automation. Recent developments include conversion of outstanding 2014 and 2017 convertible notes into 243,661,670 new shares on 25 November 2024; trading suspension by the Hong Kong Stock Exchange effective 27 November 2024 due to failure to maintain sufficient operations and assets under Listing Rule 13.24, with 18 months granted for compliance; revenue growth to HK$43.8 million for the year ended 30 June 2025 (up from HK$22.7 million), driven by high technology sales of HK$35.1 million primarily from Finland; ongoing investments in next-generation imaging, surveillance, navigation, and semiconductor processing exceeding HK$160 million with the Finnish Funding Agency; and strategic focus on commercializing RTK VINS platforms under the Dynim brand in the EU while enhancing cost controls amid net current liabilities of HK$109 million and a HK$145 million loss for fiscal 2025.