Primech Holdings (PMEC) Q4 2026 earnings summary

Executive summary

• Revenue increased 4.9% year-over-year to $78.0 million for FY 2026, driven by new institutional customers and higher demand from a major Asian aviation hub.

• Net loss widened to $3.0 million in FY 2026 from $2.2 million in FY 2025, mainly due to higher labor costs and reduced government grants.

• Facilities services remained the core business, accounting for 82.0% of total revenue in FY 2026.

• The company continues to focus on technology adoption, including cleaning robots and IoT-enabled platforms, to improve efficiency and expand service offerings.

Financial highlights

• Revenue: $78.0 million in FY 2026, up from $74.3 million in FY 2025 (4.9% increase).

• Net loss: $3.0 million in FY 2026, compared to $2.2 million in FY 2025 (34% increase in loss).

• Direct costs and expenses rose 13.9% to $64.7 million, with labor costs comprising 85.1% of direct costs.

• Government grants received: $3.1 million in FY 2026, down from $4.6 million in FY 2025.

• Cash and cash equivalents at year-end: $8.9 million.

Outlook and guidance

• Management believes current liquidity is sufficient for at least one year, but is actively evaluating strategic alternatives including debt and equity financings.

• The company plans to continue expanding its service range, invest in technology, and explore regional growth opportunities in Southeast Asia.

• Estimated contracted revenues for future fulfillment as of March 31, 2026, total $177.7 million.