ROMANasdaqServices-Management Consulting ServicesUS GAAP · USD

Roma Green Finance Ltd

Roma Green Finance Ltd is a Cayman Islands holding company with operating subsidiaries in Hong Kong and Singapore that provides ESG, corporate governance, risk management, and sustainability advisory services. The company also pursues direct exposure to AI/HPC and digital infrastructure assets through investments and strategic positions linked to powered land, behind-the-meter generation, and high-density compute infrastructure.

Revenue9.5m USD
−22.2 %y/y
Operating profit (EBIT)-29.9m USD
−4.8 %y/y
EBIT margin-315.0%
−81.1 ppy/y
Net income-27.3m USD
+1.6 %y/y
Free cash flow-19.8m USD
−57.6 %y/y

Fiscal year 2026 · change from previous year

Development 2022–2026

-30-20-1001020m USD2022: 14 m USD2022: EBIT -1.8 m USD20222023: 14 m USD2023: EBIT -1.4 m USD20232024: 9.9 m USD2024: EBIT -6.1 m USD20242025: 12 m USD2025: EBIT -29 m USD20252026: 9.5 m USD2026: EBIT -30 m USD20269.5-30
RevenueOperating profit (EBIT)

Business

Share of revenue
ESG and sustainability advisory45 %

Advisory services covering sustainability strategy, climate-change solutions, and ESG program design.

ESG reporting and disclosure20 %

Support for ESG reporting, compliance-oriented disclosure, and related documentation.

Governance and risk advisory20 %

Corporate governance, risk management, and environmental compliance audit services.

Investor communication and training15 %

Shareholder communication, education, and training services for listed and reporting clients.

Customers

Roma primarily serves companies and organizations that need ESG, governance, and sustainability advisory support, especially those preparing public disclosures or formal ESG programs. Its client base likely includes listed companies, growth-stage businesses, and institutions seeking help with climate strategy, compliance, and external communication. The company’s newer infrastructure-related investments target counterparties and platforms in AI/HPC and digital infrastructure, where access to power and site readiness are key constraints.

Listed and reporting companies

Buy ESG reporting, disclosure support, and shareholder communication to meet market and regulatory expectations.

Sustainability-focused corporates

Buy climate-change strategy, ESG program design, and compliance advisory to strengthen operations and credibility.

Governance and risk clients

Buy corporate governance and risk-management advisory to improve internal controls and oversight.

AI/HPC infrastructure counterparties

Engage through investment or strategic transactions tied to powered land and compute infrastructure.

Strategy

Roma’s core strategy is to serve as an ESG and sustainability advisory platform while also building direct exposure to AI/HPC and digital infrastructure assets. Its recent disclosures indicate a focus on powered land, behind-the-meter generation, and high-density compute sites, which positions the company closer to the infrastructure layer supporting AI workloads.

Preserve ESG advisory capabilitiesShort term

This remains the company’s established operating business and a source of client relationships.

Allocate capital to AI/HPC infrastructureMedium term

The company is seeking direct exposure to the infrastructure layer behind AI compute demand.

Build a digital infrastructure platformLong term

Owned or strategic infrastructure assets can create a differentiated investment thesis versus pure advisory revenue.

Geography

2026

Roma is a Cayman Islands holding company with principal executive offices in Hong Kong and operating subsidiaries based in Hong Kong and Singapore. Its advisory business is centered in Asia, while its recent infrastructure-related investments extend exposure to North American digital infrastructure and power-constrained compute sites in Canada and the U.S. This geography mix ties the firm to cross-border capital markets, Asian operating hubs, and energy-intensive infrastructure markets.

Hong Kong82 %
Singapore18 %

Share of the revenue the company reports by geography.

Risks

Roma faces execution risk in its newer infrastructure strategy because transactions are non-binding and depend on diligence, financing, land, power, and regulatory approvals. Its advisory business is also exposed to demand cyclicality and competition in ESG consulting, while the investment strategy introduces capital allocation, project development, and counterparty risks that are materially different from consulting risk.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Transaction completion risk1Power and development risk2Capital allocation risk3Advisory market competition4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Transaction completion riskImpact: HighLikelihood: High

    Recent AI/HPC and powered-land investments remain subject to due diligence and definitive agreements.

    Exposure: NXTGrid and BlueFlare-related transactions

  2. Power and development riskImpact: HighLikelihood: Medium

    Digital infrastructure assets depend on access to electricity, land, permits, and buildout timelines.

    Exposure: Behind-the-meter generation and powered land

  3. Capital allocation riskImpact: HighLikelihood: Medium

    The company is moving into asset-like investments that may require larger commitments than advisory services.

    Exposure: AI/HPC infrastructure investments

  4. Advisory market competitionImpact: MediumLikelihood: High

    ESG and sustainability consulting is competitive and often tied to client budgets and regulatory pressure.

    Exposure: Consulting services

Accounting

Judgemental items
Revenue recognition for advisory contracts

Consulting services may be recognized over time or at milestones, affecting timing of reported revenue.

Impact: Comparability across quarters depends on project completion and billing cadence

Fair value and investment measurement

Strategic stakes in infrastructure platforms may require valuation judgments or remeasurement.

Impact: Reported earnings can move with valuation assumptions

Contingent commitments and disclosures

Non-binding transactions and financing structures may create complex disclosure requirements.

Impact: Investors must distinguish announced strategy from realized assets

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026