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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and PS International Group Ltd. (PSIG). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $23.2M, roughly 1.1× PS International Group Ltd.). PS International Group Ltd. runs the higher net margin — -1.8% vs -193.3%, a 191.5% gap on every dollar of revenue.

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.

P.S. Fashion is an international brand from Serbia. It is the flagship chain store of the P.S. Fashion Design, clothing company headquartered in Čačak, Serbia.

NAAS vs PSIG — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.1× larger
NAAS
$25.9M
$23.2M
PSIG
Higher net margin
PSIG
PSIG
191.5% more per $
PSIG
-1.8%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
NAAS
NAAS
PSIG
PSIG
Revenue
$25.9M
$23.2M
Net Profit
$-50.0M
$-415.2K
Gross Margin
29.2%
0.9%
Operating Margin
-144.2%
-8.4%
Net Margin
-193.3%
-1.8%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-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
NAAS
NAAS
PSIG
PSIG
Q2 25
$23.2M
Q2 24
$25.9M
$39.4M
Net Profit
NAAS
NAAS
PSIG
PSIG
Q2 25
$-415.2K
Q2 24
$-50.0M
$-445.6K
Gross Margin
NAAS
NAAS
PSIG
PSIG
Q2 25
0.9%
Q2 24
29.2%
3.1%
Operating Margin
NAAS
NAAS
PSIG
PSIG
Q2 25
-8.4%
Q2 24
-144.2%
-1.2%
Net Margin
NAAS
NAAS
PSIG
PSIG
Q2 25
-1.8%
Q2 24
-193.3%
-1.1%
EPS (diluted)
NAAS
NAAS
PSIG
PSIG
Q2 25
Q2 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
PSIG
PSIG
Cash + ST InvestmentsLiquidity on hand
$24.7M
$7.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$10.9M
Total Assets
$180.2M
$15.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
PSIG
PSIG
Q2 25
$7.0M
Q2 24
$24.7M
$8.6M
Stockholders' Equity
NAAS
NAAS
PSIG
PSIG
Q2 25
$10.9M
Q2 24
$-33.4M
$12.4M
Total Assets
NAAS
NAAS
PSIG
PSIG
Q2 25
$15.6M
Q2 24
$180.2M
$27.5M

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
PSIG
PSIG
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
PSIG
PSIG
Q2 25
Q2 24
$-25.7M

Financial Flow Comparison

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

Revenue Breakdown by Segment

NAAS
NAAS

Segment breakdown not available.

PSIG
PSIG

Air freight$22.6M97%
Ocean freight$599.6K3%
Ancillary logistic services$35.8K0%

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