1. Hong Kong Stocks

  2. •

    Technology services

  3. •

    Information technology services
Microware Group Ltd.

Microware Group Ltd.

HHKEX:1985
2.33
HKD
-0.04
(-1.90%)
363.00MMarket Cap
Microware Group Ltd.
HKEX:1985
(Hong Kong Exchange)

Recent

price

2.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
HKD
3.61
3.55
3.58
4.61
3.65
4.18
4.55
3.71
3.83
3.89
4.18
5.51
4.34
- -
Revenue per Share
0.1
0.09
0.08
0.08
0.1
0.1
0.14
0.16
0.11
0.11
0.12
0.03
0.1
- -
Basic EPS, GAAP
0.22
0.16
-0.06
0.34
- -
0.15
0.02
0.27
0.15
0.24
-0.08
0.67
0.02
- -
Free Cash Flow per Basic Share
0.02
0.03
0.17
- -
0.06
0.11
0.06
0.2
0.14
0.11
0.13
- -
0.1
- -
Dividend per Share
0.46
0.42
0.35
0.67
0.71
0.7
0.78
0.74
0.71
0.71
0.6
0.74
0.76
0.76
Book Value per Share
0.46
0.42
0.35
0.67
0.71
0.7
0.78
0.74
0.71
0.71
0.6
0.74
0.72
0.72
Tangible Book Value per Share
300
300
300
244
300
300
300
300
300
300
296
271
300
302
Basic Weighted Avg Shares
1,082
1,064
1,075
1,124
1,096
1,255
1,365
1,114
1,149
1,167
1,234
1,491
1,301
- -
Sales/Revenue/Turnover
3.76
3.81
3.6
2.34
3.29
2.88
3.68
4.91
3.48
3.19
3.4
1.44
2.76
- -
Operating Margin (%)
2
2
1
1
1
1
2
10
12
14
13
14
15
- -
Depreciation Expense
29
28
25
20
30
29
41
47
32
33
36
8
30
- -
Net Income, GAAP
16.73
17.65
18.44
28.94
16.18
17.94
18.16
13.85
16.57
14.35
17.21
54.96
18.02
- -
Effective Tax Rate (%)
2.71
2.59
2.31
1.78
2.74
2.3
2.98
4.25
2.78
2.84
2.94
0.55
2.32
- -
Profit Margin (%)
157
155
105
202
215
210
224
210
197
200
172
149
169
169
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
4
2
- -
19
17
17
LT Debt
166
156
104
202
214
210
234
221
211
212
181
223
227
227
Total Equity
- -
21.28
24.49
12.46
14.37
14.03
17.89
19.84
14.41
13.85
16.08
3.85
9.13
- -
Return on Invested Capital (%)
- -
13.11
14.26
13.03
14.43
13.73
18.12
20.4
14.04
14.7
17.26
4.5
10.96
- -
Return on Capital (%)
- -
20.75
21.6
13.03
14.43
13.6
18.26
20.75
14.75
15.64
18.4
4.04
13.44
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
51
100
102
LT Borrowings
- -
- -
12
LT Finance Leases
19
16
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
393
462
363

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
630
472
566
Cash, Cash Equivalents & STI
170
71
87
Accounts Receivable, Net
189
163
188
Inventories
80
96
87
Total Current Liabilities
481
366
398
Payables & Accruals
- -
- -
- -
ST Debt
51
100
102
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.03%
1.25%
1.87%
Free Cash Flow
-414.89%
-207.69%
-96.76%
Net Income, GAAP
25.75%
34.67%
270.3%
Sales/Revenue/Turnover
2.54%
3.7%
-12.76%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,234
2025
- -
- -
1,491
2026
- -
- -
1,301

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.12
2025
- -
- -
0.03
2026
- -
- -
0.1

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.13
2025
- -
- -
- -
2026
- -
- -
0.1
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Business
Microware Group Limited is an investment holding company primarily engaged in providing information technology (IT) infrastructure solutions and IT managed services. The company's core products and services include the procurement of semiconductor products, hardware, and software; design and integration of IT infrastructure solutions; maintenance, support, and management of IT systems; as well as consultancy and advisory services. Microware operates across Hong Kong, Mainland China, Singapore, and other overseas markets, establishing an international technology presence. Founded in 1985 and headquartered in Kwun Tong, Hong Kong, Microware is listed on the Main Board of the Hong Kong Stock Exchange (stock code: 1985.HK). In recent developments, Microware has strategically expanded its AI infrastructure solutions business through the establishment of two wholly-owned subsidiaries in Shanghai, China. The company also entered a partnership with GAREA TECH to advance AI-driven digital transformation within Hong Kong’s primary healthcare sector. Despite facing a 67% profit decline in the first half of fiscal 2025 due to increased operating expenses linked to business development in Mainland China, Microware continues to focus on its core business along with partnerships with key vendors to maintain its industry leadership. Recent corporate actions include share placements and acquisitions by key shareholders, as well as the implementation of share award schemes to incentivize employees. The company remains committed to expanding business opportunities and integrating artificial intelligence technologies across its service offerings.