Income Statement AppAsia

Stocks

0119

MYQ0119OO006

Internet Services

Market Closed - BURSA MALAYSIA 04:50:02 2026-09-24 EDT			5-day change	1st Jan Change
0.1250 ^MYR	+8.70%		+4.17%	-

08-21	AppAsia Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-01	AppAsia Berhad Announces Redesignation of Datuk Seri Rahadian Mahmud Bin Mohammad Khalil from Independent Director to Non-Independent Director, Effective July 1, 2026	CI

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Published financial data: APPASIA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	64.52M	59.92M	22.78M	30.34M	30.75M
Total Revenues	64.52M	59.92M	22.78M	30.34M	30.75M
Cost of Goods Sold, Total	59.22M	51.99M	12.62M	19.05M	17.82M
Gross Profit	5.29M	7.94M	10.16M	11.3M	12.93M
Selling General & Admin Expenses, Total	5.78M	7.11M	7.9M	7.47M	8.85M
Provision for Bad Debts	5.02K	-11.1K	13.99K	-6.74K	1.11M
Other Operating Expenses	-209K	-307K	-470K	-206K	-355K
Other Operating Expenses, Total	5.58M	6.8M	7.44M	7.26M	9.61M
Operating Income	-287K	1.14M	2.72M	4.04M	3.32M
Interest Expense, Total	-7.71K	-24.62K	-37.79K	-15.05K	-29.94K
Net Interest Expenses	-7.71K	-24.62K	-37.79K	-15.05K	-29.94K
Income (Loss) On Equity Invest.	-	-	-	-	-33.25K
Other Non Operating Income (Expenses)	-	-	-194	-	-
EBT, Excl. Unusual Items	-294K	1.12M	2.68M	4.02M	3.26M
EBT, Incl. Unusual Items	-294K	1.12M	2.68M	4.02M	3.26M
Income Tax Expense	173K	543K	787K	1.16M	1.21M
Earnings From Continuing Operations	-467K	573K	1.89M	2.86M	2.04M
Net Income to Company	-467K	573K	1.89M	2.86M	2.04M
Minority Interest	147K	33.43K	51.43K	-5.74K	-
Net Income - (IS)	-320K	607K	1.94M	2.86M	2.04M
Net Income to Common Incl Extra Items	-320K	607K	1.94M	2.86M	2.04M
Net Income to Common Excl. Extra Items	-320K	607K	1.94M	2.86M	2.04M
Per Share Items
Net EPS - Basic	-0	0	0	0	0
Basic EPS - Continuing Operations	-0	0	0	0	0
Basic Weighted Average Shares Outstanding	1.07B	1.08B	1.07B	1.18B	1.39B
Net EPS - Diluted	-0	0	0	0	0
Diluted EPS - Continuing Operations	-0	0	0	0	0
Diluted Weighted Average Shares Outstanding	1.07B	1.26B	1.26B	1.19B	1.39B
Normalized Basic EPS	-0	0	0	0	0
Normalized Diluted EPS	-0	0	0	0	0
Supplemental Items
EBITDA	84.37K	1.44M	3M	4.34M	3.65M
EBITA	-199K	1.14M	2.72M	4.04M	3.32M
EBIT	-287K	1.14M	2.72M	4.04M	3.32M
EBITDAR	183K	1.44M	3.01M	4.34M	3.66M
Effective Tax Rate - (Ratio)	-58.65	48.63	29.38	28.87	37.29
Total Current Taxes	173K	543K	787K	1.16M	1.24M
Normalized Net Income	-37.35K	731K	1.73M	2.51M	2.04M
Interest on Long-Term Debt	7.71K	24.62K	37.79K	15.05K	29.94K
Supplemental Operating Expense Items
General and Administrative Expenses	5.78M	7.11M	7.9M	7.47M	8.85M
Research And Development Expense From Footnotes	910K	798K	603K	471K	209K
Net Rental Expense, Total	98.45K	4.6K	6.79K	4.57K	11.73K
Imputed Operating Lease Interest Expense	65.56K	3.74K	4.64K	1.72K	10.48K
Imputed Operating Lease Depreciation	32.89K	858	2.14K	2.85K	1.24K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	9.16M	4.72M	7.99M	12.77M	6.56M
Short Term Investments	2.15M	198K	198K	187K	203K
Total Cash And Short Term Investments	11.32M	4.92M	8.19M	12.96M	6.76M
Accounts Receivable, Total	9.59M	15.87M	14.85M	22.37M	25.3M
Other Receivables	3.69M	1.64M	747K	1.2M	377K
Total Receivables	13.28M	17.51M	15.6M	23.57M	25.68M
Inventory	-	-	-	-	-
Prepaid Expenses	193K	198K	211K	228K	169K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	24.79M	22.62M	24M	36.75M	32.61M
Gross Property Plant And Equipment	2.42M	3.26M	3.49M	3.02M	3.62M
Accumulated Depreciation	-1.81M	-2.32M	-2.57M	-2M	-2.64M
Net Property Plant And Equipment	609K	939K	920K	1.02M	972K
Long-term Investments	-	-	-	-	867K
Other Intangibles, Total	0	0	0	0	0
Accounts Receivable Long-Term	347K	459K	53.75K	82.16K	3.64M
Deferred Charges Long-Term	2.09M	1.29M	684K	213K	3.75K
Other Long-Term Assets, Total	2.2M	2.67M	2.7M	4.2M	5.3M
Total Assets	30.04M	27.97M	28.35M	42.26M	43.4M
Liabilities
Accounts Payable, Total	53.65K	322K	598K	117K	113K
Accrued Expenses, Total	497K	533K	812K	865K	989K
Current Portion of Leases	39.93K	409K	400K	86.38K	364K
Current Income Taxes Payable	42.91K	139	12.28K	1.98K	180K
Unearned Revenue Current, Total	605K	251K	529K	5.17K	3.48K
Other Current Liabilities	4.86M	2.35M	1.06M	1.47M	795K
Total Current Liabilities	6.1M	3.87M	3.41M	2.55M	2.45M
Long-Term Leases	27.56K	7.91K	66.77K	85.21K	-
Total Liabilities	6.13M	3.88M	3.47M	2.63M	2.45M
Common Stock, Total	30.73M	30.73M	32.1M	43.54M	45.66M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-39.98K	567K	2.51M	5.07M	7.11M
Treasury Stock	-7.17M	-7.57M	-10.37M	-10.37M	-12.07M
Comprehensive Income and Other	600K	600K	922K	1.39M	252K
Total Common Equity	24.11M	24.33M	25.17M	39.63M	40.95M
Minority Interest	-202K	-235K	-287K	-	-
Total Equity	23.91M	24.1M	24.88M	39.63M	40.95M
Total Liabilities And Equity	30.04M	27.97M	28.35M	42.26M	43.4M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.08B	1.08B	1.1B	1.4B	1.37B
ECS Total Common Shares Outstanding	1.08B	1.08B	1.09B	1.37B	1.38B
Book Value / Share	0.02	0.02	0.02	0.03	0.03
Tangible Book Value	24.11M	24.33M	25.17M	39.63M	40.95M
Tangible Book Value Per Share	0.02	0.02	0.02	0.03	0.03
Total Debt	67.49K	417K	467K	172K	364K
Net Debt	-11.25M	-4.5M	-7.72M	-12.78M	-6.4M
Debt Equivalent Oper. Leases	788K	36.76K	54.32K	36.56K	93.84K
Minority Interest, Total (Incl. Fin. Div)	-202K	-235K	-287K	-	-
Equity Method Investments, Total	-	-	-	-	867K
Account Code - Inventory Valuation	5	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	1.33M	1.53M	1.47M	1.95M	2.84M
Full Time Employees	-	-	-	-	31
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	16.16K	5.06K	19.05K	1.51K	1.12M

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	-320K	607K	1.94M	2.86M	2.04M
Depreciation & Amortization - CF	466K	704K	688K	659K	691K
Amortization of Goodwill and Intangible Assets - (CF)	87.02K	-	-	-	-
Depreciation & Amortization, Total	553K	704K	688K	659K	691K
Amortization of Deferred Charges, Total - (CF)	910K	798K	603K	471K	209K
(Gain) Loss From Sale Of Asset	-28.42K	-	-47.82K	4.66K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	20.17K	30.8K	20.54K	-64.46K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	33.25K
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	5.02K	-9.6K	13.99K	-6.74K	1.11M
Other Operating Activities, Total	158K	-163K	-437K	-223K	624K
Change In Accounts Receivable	-1.85M	-2.34M	2.48M	-7.93M	-6.95M
Change In Inventories	31.5K	-	-	-	-
Change In Accounts Payable	384K	-2.56M	-464K	-536K	-558K
Change in Other Net Operating Assets	-	-	-	-	-43.5K
Cash from Operations	-158K	-2.94M	4.81M	-4.69M	-2.9M
Capital Expenditure	-271K	-236K	-326K	-665K	-102K
Sale of Property, Plant, and Equipment	100	-	178K	29.41K	-
Cash Acquisitions	-	-	-	-15K	-
Divestitures	14.7K	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-252K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-900K
Other Investing Activities, Total	80K	-486K	442K	-942K	-1.74M
Cash from Investing	-428K	-722K	294K	-1.59M	-2.74M
Long-Term Debt Repaid, Total	-168K	-399K	-393K	-369K	-351K
Total Debt Repaid	-168K	-399K	-393K	-369K	-351K
Issuance of Common Stock	1.69M	4.8K	1.37M	11.43M	1.52M
Repurchase of Common Stock	-6.18M	-393K	-2.8M	-	-1.7M
Other Financing Activities, Total	-	-	-	-15.05K	-29.94K
Cash from Financing	-4.66M	-787K	-1.83M	11.05M	-559K
Foreign Exchange Rate Adjustments	-119	235	30	2.68K	-10.98K
Net Change in Cash	-5.24M	-4.45M	3.27M	4.78M	-6.21M
Supplemental Items
Cash Interest Paid	7.71K	24.62K	37.79K	15.05K	29.94K
Cash Income Tax Paid (Refund)	-98.7K	624K	965K	1.2M	748K
Levered Free Cash Flow	1.23M	-4.86M	4.09M	-5.56M	420K
Unlevered Free Cash Flow	1.23M	-4.85M	4.11M	-5.55M	438K
Change In Net Working Capital	-474K	6.83M	-1.45M	8.53M	2.44M
Net Debt Issued / Repaid	-168K	-399K	-393K	-369K	-351K

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	-0.55	2.46	6.03	7.15	4.85
Return on Total Capital	-0.68	2.94	6.81	7.75	5.12
Return On Equity %	-1.77	2.39	7.72	8.87	5.07
Return on Common Equity	-1.21	2.51	7.85	8.82	5.07
Margin Analysis
Gross Profit Margin %	8.2	13.24	44.6	37.23	42.05
SG&A Margin	8.96	11.87	34.68	24.62	28.78
EBITDA Margin %	0.13	2.4	13.19	14.3	11.88
EBITA Margin %	-0.31	1.9	11.92	13.31	10.8
EBIT Margin %	-0.44	1.9	11.92	13.31	10.8
Income From Continuing Operations Margin %	-0.72	0.96	8.3	9.43	6.64
Net Income Margin %	-0.5	1.01	8.53	9.41	6.64
Net Avail. For Common Margin %	-0.5	1.01	8.53	9.41	6.64
Normalized Net Income Margin	-0.06	1.22	7.57	8.27	6.62
Levered Free Cash Flow Margin	1.91	-8.12	17.94	-18.31	1.36
Unlevered Free Cash Flow Margin	1.91	-8.09	18.04	-18.28	1.43
Asset Turnover
Asset Turnover	2	2.07	0.81	0.86	0.72
Fixed Assets Turnover	99.47	77.39	24.49	31.34	30.94
Receivables Turnover (Average Receivables)	6.24	4.71	1.48	1.63	1.29
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	4.07	5.85	7.04	14.42	13.33
Quick Ratio	4.03	5.8	6.98	14.33	13.26
Operating Cash Flow to Current Liabilities	-0.03	-0.76	1.41	-1.84	-1.19
Days Sales Outstanding (Average Receivables)	58.51	77.54	246.15	224.46	282.9
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	1.32	13.31	6.87	2.36
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	0.28	1.73	1.88	0.43	0.89
Total Debt / Total Capital	0.28	1.7	1.84	0.43	0.88
LT Debt/Equity	0.12	0.03	0.27	0.22	-
Long-Term Debt / Total Capital	0.11	0.03	0.26	0.21	-
Total Liabilities / Total Assets	20.39	13.86	12.26	6.23	5.64
EBIT / Interest Expense	-37.18	46.34	71.87	268.36	110.94
EBITDA / Interest Expense	34.56	74.94	90.07	312.14	134.02
(EBITDA - Capex) / Interest Expense	-0.58	65.37	81.44	267.96	130.6
Total Debt / EBITDA	0.25	0.23	0.14	0.04	0.09
Net Debt / EBITDA	-42.24	-2.44	-2.27	-2.72	-1.59
Total Debt / (EBITDA - Capex)	-15.02	0.26	0.15	0.04	0.09
Net Debt / (EBITDA - Capex)	2.5K	-2.8	-2.51	-3.17	-1.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.21	-7.12	-61.99	33.22	1.35
Gross Profit, 1 Yr. Growth %	-4.96	49.94	27.99	11.21	14.48
EBITDA, 1 Yr. Growth %	-91.77	1.61K	108.8	44.37	-15.78
EBITA, 1 Yr. Growth %	-127.04	-671.86	138.06	48.68	-17.76
EBIT, 1 Yr. Growth %	-160.11	-498.18	138.06	48.68	-17.76
Earnings From Cont. Operations, 1 Yr. Growth %	-176.69	-222.84	229.79	51.32	-28.61
Net Income, 1 Yr. Growth %	-147.17	-289.49	220.1	47.02	-28.47
Normalized Net Income, 1 Yr. Growth %	-110.22	-2.06K	135.97	45.42	-18.84
Diluted EPS Before Extra, 1 Yr. Growth %	-159.72	-267.79	199.8	60.11	-38.75
Accounts Receivable, 1 Yr. Growth %	-13.56	65.5	-6.42	50.62	13.14
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-11.43	54.17	-2.01	10.37	-4.35
Total Assets, 1 Yr. Growth %	-13.21	-6.87	1.36	49.05	2.7
Tangible Book Value, 1 Yr. Growth %	-16.38	0.91	3.42	57.47	3.35
Common Equity, 1 Yr. Growth %	-16.63	0.91	3.42	57.47	3.35
Cash From Operations, 1 Yr. Growth %	-105.08	1.75K	-263.63	-198.41	-38.08
Capital Expenditures, 1 Yr. Growth %	18.4	-13	38.45	103.8	-84.64
Levered Free Cash Flow, 1 Yr. Growth %	-49.89	-495.64	-183.99	-235.97	-107.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-49.73	-492.85	-184.74	-234.96	-107.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-15.99	-10.22	-40.58	-28.84	16.2
Gross Profit, 2 Yr. CAGR %	13.06	19.37	38.53	19.31	12.83
EBITDA, 2 Yr. CAGR %	-54.01	18.48	496.75	73.62	10.27
EBITA, 2 Yr. CAGR %	-6.43	24.36	268.97	88.14	10.58
EBIT, 2 Yr. CAGR %	130.77	54.71	207.88	88.14	10.58
Earnings From Cont. Operations, 2 Yr. CAGR %	33.53	-2.94	101.28	123.39	3.93
Net Income, 2 Yr. CAGR %	10.6	-5.45	146.28	116.94	2.55
Normalized Net Income, 2 Yr. CAGR %	20.45	41.44	579.58	85.24	8.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.17	0.1	124.28	119.09	-0.97
Accounts Receivable, 2 Yr. CAGR %	-16.57	19.6	24.45	18.72	30.54
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.2	16.86	22.91	4	2.75
Total Assets, 2 Yr. CAGR %	-2.27	-10.1	-2.84	22.91	23.72
Tangible Book Value, 2 Yr. CAGR %	-4.04	-8.14	2.16	27.62	27.57
Common Equity, 2 Yr. CAGR %	-4.67	-8.28	2.16	27.62	27.57
Cash From Operations, 2 Yr. CAGR %	-84.14	-2.99	450.76	26.3	-21.94
Capital Expenditures, 2 Yr. CAGR %	-26.39	1.49	9.75	67.98	-44.04
Levered Free Cash Flow, 2 Yr. CAGR %	-49.78	40.81	82.29	6.86	-67.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	-49.7	40.53	82.46	6.94	-67.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-28.77	-13.13	-32.58	-22.23	-19.94
Gross Profit, 3 Yr. CAGR %	1.7	24.22	22.18	28.75	17.67
EBITDA, 3 Yr. CAGR %	-53.99	53.36	43.11	271.84	36.42
EBITA, 3 Yr. CAGR %	-30.78	71.08	54.41	172.53	42.78
EBIT, 3 Yr. CAGR %	-21.9	176.78	78.61	141.55	42.78
Earnings From Cont. Operations, 3 Yr. CAGR %	0.23	29.87	45.92	83.02	52.73
Net Income, 3 Yr. CAGR %	-11.6	32.35	41.97	107.37	49.87
Normalized Net Income, 3 Yr. CAGR %	-52.58	205.07	67.75	306.48	40.69
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.27	18.7	44.29	100.45	43.26
Accounts Receivable, 3 Yr. CAGR %	-16.19	4.83	10.21	32.62	16.83
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	11.74	14.6	10.2	18.58	1.14
Total Assets, 3 Yr. CAGR %	-0.8	-3.82	-6.43	12.05	15.77
Tangible Book Value, 3 Yr. CAGR %	-3.84	-2.42	-4.44	18.01	18.95
Common Equity, 3 Yr. CAGR %	-3.84	-2.85	-4.53	18.01	18.95
Cash From Operations, 3 Yr. CAGR %	-77.98	-22.47	15.48	209.24	-0.41
Capital Expenditures, 3 Yr. CAGR %	34.32	-22.17	12.56	34.9	-24.32
Levered Free Cash Flow, 3 Yr. CAGR %	-55.37	-0.07	18.53	65.32	-55.81
Unlevered Free Cash Flow, 3 Yr. CAGR %	-55.3	-0.2	18.73	65.01	-55.12
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	69.15	-15.95	-33.76	-19.79	-16.18
Gross Profit, 5 Yr. CAGR %	8.4	5.27	15.08	22.23	18.35
EBITDA, 5 Yr. CAGR %	-57.93	24.63	28.25	61.17	28.94
EBITA, 5 Yr. CAGR %	-51.36	0.19	35.19	77.71	35.11
EBIT, 5 Yr. CAGR %	-47.71	0.19	35.19	137.18	47.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-41.57	6.67	32.47	61.34	27.4
Net Income, 5 Yr. CAGR %	-45.81	7.88	33.19	61.27	24.65
Normalized Net Income, 5 Yr. CAGR %	-61.26	40.17	37.55	149.88	40.99
Diluted EPS Before Extra, 5 Yr. CAGR %	-48.34	1.73	30.31	51.67	24.12
Accounts Receivable, 5 Yr. CAGR %	128.65	-30.61	-1.83	10.18	17.93
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-11.93	11.89	16.08	10.23	7.15
Total Assets, 5 Yr. CAGR %	20.68	-26.01	-1.62	6.09	4.63
Tangible Book Value, 5 Yr. CAGR %	19.15	-1.78	-1.48	8.64	7.27
Common Equity, 5 Yr. CAGR %	19.15	-1.78	-1.48	8.35	7.2
Cash From Operations, 5 Yr. CAGR %	-46.53	80.41	-20.18	-5.76	-1.45
Capital Expenditures, 5 Yr. CAGR %	-11.44	87.21	23.9	5.87	-14.89
Levered Free Cash Flow, 5 Yr. CAGR %	-8.63	18.06	-21.64	2.64	-29.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.51	18.06	-21.54	2.6	-29.15