Roma Green Finance (ROMA) Q2 2024 Earnings Report

Roma Green Finance Limited (ROMA) reported a deeply negative quarter for QQ2 2024, with revenue of HKD 1.5849 million and a gross loss of HKD 0.2995 million. The operating profile deteriorated sharply as SG&A expenses totaling HKD 8.3366 million far exceeded gross profit, driving EBITDA of HKD -8.6319 million and net income of HKD -8.6770 million. The period ended with a precarious liquidity and balance sheet position: cash at period end HKD 143,699, very modest relative to liabilities, and stockholders’ equity negative at HKD -280,577. The company’s equity erosion is a material risk that constrains strategic flexibility without external capital. YoY and QoQ comparisons highlight a deteriorating trend: revenue fell ~68.8% year over year and ~34.3% quarter over quarter, with gross margin at -18.9% and net margin at -5.47%. This combination signals structural cost issues and a need for rapid profitability improvement or capital remediation.

Management commentary is not captured in the provided transcripts, and no earnings call quotes are available for QQ2 2024. In the absence of explicit guidance, investors should treat ROMA as a high-risk, early-stage profitability turnaround story within ESG advisory services. The near-term outlook hinges on a strategic reset: reducing cost base, expanding higher-margin, scalable services, and securing the necessary capital to stabilize balance sheet health while pursuing selective client wins in Hong Kong and Singapore.

Overall, ROMA faces a challenging liquidity and profitability hurdle in QQ2 2024. The earnings trajectory will depend on management’s capability to reorient the business model toward sustainable margins, deliver revenue growth from scalable ESG offerings, and secure capital to support ongoing operations until a positive operating cadence is achieved.