Primech Holdings (PMEC) Registration filing summary

Company overview and business model

• Technology-driven facilities services provider operating mainly in Singapore, with some operations in Malaysia.

• Services include general cleaning, maintenance, specialized cleaning, waste management, pest control, and stewarding for public and private sectors.

• Majority of revenue comes from facilities services, with additional contributions from stewarding and office cleaning.

• Also offers cleaning services to homes via the "HomeHelpy" app and manufactures cleaning supplies, though these contribute minimally to revenue.

• Operates through a group structure with multiple wholly- and majority-owned subsidiaries.

Financial performance and metrics

• Revenue for fiscal year ended March 31, 2024: approximately $72.5 million; for 2023: $69.0 million.

• Net loss for fiscal year ended March 31, 2024: $(3.2) million; for 2023: $(2.5) million.

• Facilities services accounted for 77.2% of revenue in FY 2024 and 80.8% in FY 2023.

• Stewarding services contributed 14.0% of revenue in FY 2024 and 11.0% in FY 2023.

• Office cleaning services made up 8.1% of revenue in FY 2024 and 7.1% in FY 2023.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, with management retaining broad discretion over allocation.

• If proceeds are used to repay indebtedness, details will be provided in the relevant prospectus supplement.

• Pending use, proceeds will be held in interest-bearing bank accounts.