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Side-by-side financial comparison of Globavend Holdings Ltd (GVH) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $13.7M, roughly 1.9× Globavend Holdings Ltd). Globavend Holdings Ltd runs the higher net margin — 3.3% vs -193.3%, a 196.5% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 63.7%).

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

GVH vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.9× larger
NAAS
$25.9M
$13.7M
GVH
Growing faster (revenue YoY)
NAAS
NAAS
+57.5% gap
NAAS
121.2%
63.7%
GVH
Higher net margin
GVH
GVH
196.5% more per $
GVH
3.3%
-193.3%
NAAS

Income Statement — Q1 FY2025 vs Q2 FY2024

Metric
GVH
GVH
NAAS
NAAS
Revenue
$13.7M
$25.9M
Net Profit
$450.3K
$-50.0M
Gross Margin
10.5%
29.2%
Operating Margin
5.8%
-144.2%
Net Margin
3.3%
-193.3%
Revenue YoY
63.7%
121.2%
Net Profit YoY
-49.9%
18.4%
EPS (diluted)
$6.01
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GVH
GVH
NAAS
NAAS
Q1 25
$13.7M
Q2 24
$25.9M
Q1 24
$8.4M
Net Profit
GVH
GVH
NAAS
NAAS
Q1 25
$450.3K
Q2 24
$-50.0M
Q1 24
$898.8K
Gross Margin
GVH
GVH
NAAS
NAAS
Q1 25
10.5%
Q2 24
29.2%
Q1 24
19.8%
Operating Margin
GVH
GVH
NAAS
NAAS
Q1 25
5.8%
Q2 24
-144.2%
Q1 24
13.8%
Net Margin
GVH
GVH
NAAS
NAAS
Q1 25
3.3%
Q2 24
-193.3%
Q1 24
10.7%
EPS (diluted)
GVH
GVH
NAAS
NAAS
Q1 25
$6.01
Q2 24
$-0.02
Q1 24
$12.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GVH
GVH
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$915.2K
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.7M
$-33.4M
Total Assets
$6.4M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GVH
GVH
NAAS
NAAS
Q1 25
$915.2K
Q2 24
$24.7M
Q1 24
$2.5M
Stockholders' Equity
GVH
GVH
NAAS
NAAS
Q1 25
$5.7M
Q2 24
$-33.4M
Q1 24
$4.4M
Total Assets
GVH
GVH
NAAS
NAAS
Q1 25
$6.4M
Q2 24
$180.2M
Q1 24
$6.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GVH
GVH
NAAS
NAAS
Operating Cash FlowLast quarter
$-906.3K
$-25.7M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GVH
GVH
NAAS
NAAS
Q1 25
$-906.3K
Q2 24
$-25.7M
Q1 24
$-256.6K
Free Cash Flow
GVH
GVH
NAAS
NAAS
Q1 25
$-1.2M
Q2 24
Q1 24
$-730.0K
FCF Margin
GVH
GVH
NAAS
NAAS
Q1 25
-8.8%
Q2 24
Q1 24
-8.7%
Capex Intensity
GVH
GVH
NAAS
NAAS
Q1 25
2.2%
Q2 24
Q1 24
5.6%
Cash Conversion
GVH
GVH
NAAS
NAAS
Q1 25
-2.01×
Q2 24
Q1 24
-0.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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