Context: How Dutch Caribbean Securities Exchange (DCSX) works, and what it makes issuers disclose · Switzerland on the LatAm Power Map
Pharos Holdings AG is a Swiss holding company whose shares are listed on the Dutch Caribbean Securities Exchange in Curaçao — a small, regulated bourse that has become a quiet address for international private businesses seeking a formal market listing without the disclosure weight of a major exchange. The company trades under the ticker PHAG at a quoted price of SFr.
250 per share, making it one of the exchange’s equity-denominated securities priced in Swiss francs.
| Full name | Pharos Holdings AG |
| Ticker / Exchange | PHAG — Dutch Caribbean Securities Exchange (DCSX), Curaçao; incorporated in Switzerland (AG = Aktiengesellschaft, the Swiss form of a public limited company) |
| Headquarters | Not published: no registered office address appears in DCSX public filings or any accessible Swiss commercial-register entry found during research. |
| Sector | Not published: business activity undisclosed in available sources. |
| Employees | Not published. |
| Share price (last quoted) | SFr. 250 per share (DCSX ticker tape, dcsx.cw, as cached July 2026) |
| Market value (market cap) | Not published: total shares outstanding not disclosed, so market capitalisation cannot be calculated. |
| Yearly sales (revenue) | Not published (see “The money” section below). |
| Net profit | Not published. |
| Net margin | Not published. |
| Return on equity | Not published. |
| Price-to-earnings ratio | Not published. |
| Dividend yield | Not published. |
| Website | Not published in available sources. |
What it is
Pharos Holdings AG is a Switzerland-incorporated holding company — “AG” (Aktiengesellschaft) is the Swiss equivalent of a public limited company — whose shares are cross-listed on the Dutch Caribbean Securities Exchange in Curaçao. The DCSX is an international exchange for the listing and trading of domestic and international securities, including bonds, equities and funds, based in Curaçao.
The nature of Pharos Holdings AG’s underlying business — what it actually owns or operates — is not published in any source reachable via the DCSX public filings page, the Centrale Bank van Curaçao en Sint Maarten’s website, or open-web Swiss commercial registers; this is itself a material finding for any investor.
Who owns it
Not published: the controlling shareholder, ownership percentages, and free float of Pharos Holdings AG do not appear in the DCSX’s publicly accessible issuer pages, nor in any annual report, prospectus, or regulatory filing found during research on dcsx.cw, centralbank.cw, or Swiss registries. The DCSX’s own framework explicitly recognises a category of “technical listings” whose purpose is not to raise capital but to elevate a company’s regulatory profile and compliance level, rather than to provide liquidity to shareholders.
Whether PHAG is a technical or a tradeable listing, and who holds the shares, remains undisclosed.
Who runs it
Not published: the names of the CEO, CFO, board chair, or any director of Pharos Holdings AG do not appear in any primary source opened during research, including the DCSX company-filings interface and the Centrale Bank van Curaçao en Sint Maarten’s supervised-entities list. This is a genuine gap, not a search failure; the DCSX’s streamlined disclosure rules for smaller issuers do not mandate public posting of board composition on the exchange’s own website.
The money, in plain words
Not published: no revenue figure, net profit, total assets, or any other income-statement or balance-sheet number for Pharos Holdings AG has been located in a primary source. The DCSX ticker tape confirms only one hard number: a quoted share price of SFr.
250 (approximately USD 283 at the prevailing CHF/USD rate of ~1.13 as of mid-2026, our calculation). The DCSX operates as a fully regulated, self-regulatory organisation, licensed by Curaçao’s Minister of Finance and supervised by the Central Bank of Curaçao & Sint Maarten.
However, DCSX-listed companies — especially those on the entry or technical segment — are not required to post audited financials to a public database; filings go to the exchange itself and are not routinely reproduced online. Any investor seeking audited accounts would need to request them directly from the company or from DCSX’s listing administrator.
What it is doing now
Not published: no press releases, regulatory announcements, material transactions, or governance changes for Pharos Holdings AG were found in any primary or secondary source during research. The most recent public signal is the DCSX live ticker showing PHAG at SFr.
250, with no percentage change displayed — consistent with a thinly traded or technically listed security.
What to watch
- Disclosure: The single most important event for any prospective investor would be the publication of audited financial statements — revenue, net profit, and total assets — which would allow the basic ratios (net profit margin, return on equity, price-to-earnings) to be calculated for the first time.
- Listing status: Tradeable listings on the DCSX exist to raise capital or provide liquidity; when a listing is flagged as “Trade Approved,” dematerialisation of shares and deposit with the custodian may still be pending before active trading begins. Clarifying whether PHAG has completed this process matters for anyone trying to buy or sell shares.
- Corporate identity: Until the company’s business activity, controlling shareholder, and management team are named in a public filing, PHAG carries an unusually high opacity risk — regardless of the regulatory legitimacy of the DCSX itself.
- Exchange supervision: The DCSX is subject to direct supervision by the Central Bank of Curaçao and Sint Maarten, an associate member of IOSCO — a credential that adds credibility to the exchange’s governance framework, even where individual issuers disclose little.
Sources
- Dutch Caribbean Securities Exchange — live ticker tape confirming PHAG at SFr. 250 (dcsx.cw, accessed July 2026)
- DCSX Listing page — regulatory framework and listing categories (dcsx.cw/listing/)
- DCSX FAQ — technical vs. tradeable listing definitions, Trade Approved status (dcsx.cw/faq/)
- DCSX About — exchange history, CBCS supervision, IOSCO associate status (dcsx.cw/about/)
- Wikipedia — Dutch Caribbean Securities Exchange: governance, rules, IOSCO membership
- Market data: EODHD (no financials available for PHAG).
This is news, not investment advice.
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