Roma Green Finance Ltd (NASDAQ: ROMA)

Roma Green Finance Limited is a holding company that provides environmental, social and governance, corporate governance and risk management, as well as sustainability and climate change related advisory services through its operating subsidiaries in Hong Kong and Singapore. The firm was founded in 2018 and delivers sustainability program development, ESG reporting, climate change strategies, environmental audits, ESG rating support, shareholder communication, sustainability education and training to help clients meet regulatory requirements and improve ESG performance. Its subsidiaries, Roma Risk Advisory Limited and Roma Advisory Pte. Ltd., carry out the core consulting work while the holding company oversees group strategy, capital allocation and overall governance. Roma Green Finance Limited’s mission is to provide a one‑stop destination for high‑quality, holistic sustainability and climate change consulting to support a more sustainable, balanced and inclusive future for clients and the world.

The company generates revenue primarily from advisory fees charged to clients for consulting projects, with fees determined case‑by‑case based on scope, complexity, timeline and required professional hours. Payments are typically split into two installments, upon contract signing and delivery of draft reports or other deliverables. For the fiscal year ended March 31, 2024, revenue amounted to HK$9,903,795, compared with HK$13,635,605 for the prior year, reflecting a decline partly attributable to the lingering effects of the COVID‑19 pandemic on client engagements. Revenue is diversified across more than 170 clients served since inception, with no single client accounting for a material portion of total sales. During the year ended March 31, 2024, approximately 78.4% of the total clients were recurring, underscoring strong client retention and satisfaction.

Roma Green Finance Limited operates in a highly fragmented ESG consulting market that includes over 200 participants in Hong Kong and over 80 in Singapore, alongside larger global firms such as Ernst & Young, KKS Advisors, Advisian, Allianz Global Corporate & Specialty and GreenCo Sustainability Consultants. The Hong Kong ESG consulting market grew from HK$26.7 million in 2017 to HK$177.2 million in 2022, a CAGR of 46.0%, and is projected to rise from HK$198.9 million in 2023 to HK$288.9 million by 2027 at a CAGR of 9.8%. In Singapore, the market increased from S$1.5 million to S$5.5 million between 2017 and 2022, a CAGR of approximately 29.7%, and is expected to reach S$11.6 million in 2027, representing a CAGR of approximately 13.1% during 2023 to 2027. The company’s competitive strengths lie in its comprehensive service suite, strong client retention, experienced team holding qualifications such as CPA, CISA, CESGA, SCR and AICPA, and its ability to deliver tailored sustainability solutions across the full ESG lifecycle.

The company serves listed companies in Hong Kong and Singapore, private enterprises, non‑governmental organizations and an increasing number of IPO clients seeking to disclose sustainability strategies as part of their listing process. Its client base covers a wide range of sectors including financial services, property development, property management, pharmaceuticals, manufacturing, logistics, education, natural resources, technology, media and telecommunications. Since inception Roma Green Finance Limited has advised over 170 clients, with its top five customers contributing roughly 24.0% of revenue in the fiscal year ended March 31, 2024 and 11.6% in the prior year. This diversified base helps mitigate sector‑specific cyclicality and supports steady revenue growth.