Income Statement Asia-express Logistics Holdings Limited

Stocks

8620

KYG0540D1016

Airport Services

Market Closed - Hong Kong S.E. 04:08:36 2026-08-14 EDT			5-day change	1st Jan Change
0.1470 ^HKD	-2.00%		-0.68%	+58.06%

07-08	Asia-Express Logistics Holdings Limited Announces Board and Committee Retirements, Effective August 25, 2026	CI
06-29	Asia-express Logistics Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

2a93.IyXcBhcr9AM-_XI_Xk_CYxkHhtIhN9sUoDuKy_mExg0.Yh2ldSYGpDZSpQBnbHqLK2NY6adQULxE-HLumr21qFtzTpA3Y0SOMXW_Qg

Published financial data: ASIA-EXPRESS LOGISTICS HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	413M	328M	356M	348M	328M
Total Revenues	413M	328M	356M	348M	328M
Cost of Goods Sold, Total	372M	300M	304M	307M	286M
Gross Profit	40.66M	28.18M	51.88M	41.26M	41.86M
Selling General & Admin Expenses, Total	29.59M	23.9M	29.35M	28.11M	22.09M
Provision for Bad Debts	-365K	-259K	-272K	45K	3K
Depreciation & Amortization - (IS)	20.13M	21.1M	18.73M	13.34M	14.44M
Other Operating Expenses	7.53M	4.23M	5.98M	4.73M	6.27M
Other Operating Expenses, Total	56.88M	48.96M	53.8M	46.23M	42.8M
Operating Income	-16.23M	-20.78M	-1.92M	-4.97M	-942K
Interest Expense, Total	-2.48M	-3.38M	-2.97M	-2.05M	-2.15M
Interest And Investment Income	88K	566K	804K	289K	217K
Net Interest Expenses	-2.39M	-2.82M	-2.16M	-1.76M	-1.93M
Income (Loss) On Equity Invest.	5K	2K	-2K	-13K	-6K
Currency Exchange Gains (Loss)	-129K	183K	89K	264K	2K
Other Non Operating Income (Expenses)	345K	2.41M	105K	193K	473K
EBT, Excl. Unusual Items	-18.4M	-21M	-3.89M	-6.28M	-2.4M
Gain (Loss) On Sale Of Investments	104K	-211K	-	356K	-552K
Gain (Loss) On Sale Of Assets	-267K	66K	-1.07M	-179K	-1.27M
Insurance Settlements	-	-	-	-	1.13M
Other Unusual Items	-	784K	191K	2M	2.53M
EBT, Incl. Unusual Items	-18.56M	-20.36M	-4.77M	-4.1M	-566K
Income Tax Expense	-260K	-187K	-315K	-557K	544K
Earnings From Continuing Operations	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Net Income to Company	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Net Income - (IS)	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Net Income to Common Incl Extra Items	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Net Income to Common Excl. Extra Items	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Per Share Items
Net EPS - Basic	-0.04	-0.04	-0.01	-0.01	-0
Basic EPS - Continuing Operations	-0.04	-0.04	-0.01	-0.01	-0
Basic Weighted Average Shares Outstanding	480M	480M	522M	528M	528M
Net EPS - Diluted	-0.04	-0.04	-0.01	-0.01	-0
Diluted EPS - Continuing Operations	-0.04	-0.04	-0.01	-0.01	-0
Diluted Weighted Average Shares Outstanding	480M	480M	522M	528M	528M
Normalized Basic EPS	-0.02	-0.03	-0	-0.01	-0
Normalized Diluted EPS	-0.02	-0.03	-0	-0.01	-0
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-9.22M	-14.8M	3.79M	1.16M	4.37M
EBITA	-16.23M	-20.78M	-1.92M	-4.97M	-942K
EBIT	-16.23M	-20.78M	-1.92M	-4.97M	-942K
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	1.4	0.92	6.6	13.59	-96.11
Current Domestic Taxes	-75K	-	-	-	-
Total Current Taxes	-75K	28K	-	-	-
Total Deferred Taxes	-185K	-215K	-315K	-557K	544K
Normalized Net Income	-11.5M	-13.13M	-2.43M	-3.93M	-1.5M
Interest on Long-Term Debt	1.09M	1.21M	1.33M	964K	1.27M
Non-Cash Pension Expense	-	-	473K	66K	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	29.59M	23.9M	29.35M	28.11M	22.09M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	21.66M	3.74M	10.97M	9.12M	17.27M
Trading Asset Securities, Total	4.11M	4.03M	1.46M	45K	55K
Total Cash And Short Term Investments	25.78M	7.77M	12.43M	9.17M	17.32M
Accounts Receivable, Total	50.99M	45.87M	37.04M	39.28M	42.42M
Other Receivables	4.88M	3.9M	2.76M	3.22M	374K
Total Receivables	55.87M	49.76M	39.8M	42.51M	42.8M
Prepaid Expenses	-	-	-	-	2.45M
Other Current Assets, Total	25.24M	21.25M	8.02M	7.49M	7.06M
Total Current Assets	107M	78.78M	60.25M	59.17M	69.62M
Gross Property Plant And Equipment	161M	166M	170M	164M	148M
Accumulated Depreciation	-93.62M	-107M	-121M	-123M	-72.96M
Net Property Plant And Equipment	67.15M	58.41M	49.35M	41.07M	74.6M
Long-term Investments	742K	690K	649K	631K	663K
Other Long-Term Assets, Total	3.68M	1.39M	1.59M	637K	8.16M
Total Assets	178M	139M	112M	102M	153M
Liabilities
Accounts Payable, Total	31.53M	31.2M	28.79M	27.36M	24.54M
Accrued Expenses, Total	7.44M	6.64M	8.15M	8.06M	11.14M
Short-term Borrowings	50.5M	42.57M	14.58M	14.22M	17.69M
Current Portion of Leases	12.84M	11.68M	9.87M	6.63M	15.98M
Current Income Taxes Payable	818K	785K	715K	709K	752K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	704K	406K	345K	1.18M	413K
Total Current Liabilities	104M	93.28M	62.45M	58.15M	70.52M
Long-Term Debt	-	-	-	-	12.04M
Long-Term Leases	16.85M	9.66M	9.86M	7.82M	33.67M
Deferred Tax Liability Non Current	3.12M	2.9M	2.58M	2.03M	2.57M
Other Non Current Liabilities	-	-	473K	539K	2.37M
Total Liabilities	124M	106M	75.37M	68.54M	121M
Common Stock, Total	4.8M	4.8M	5.28M	5.28M	5.28M
Additional Paid In Capital	37.3M	37.3M	44.16M	44.16M	44.16M
Retained Earnings	10.41M	-9.76M	-14.22M	-17.76M	-18.87M
Comprehensive Income and Other	2.14M	1.1M	1.25M	1.3M	1.31M
Total Common Equity	54.66M	33.44M	36.47M	32.97M	31.87M
Total Equity	54.66M	33.44M	36.47M	32.97M	31.87M
Total Liabilities And Equity	178M	139M	112M	102M	153M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	480M	480M	528M	528M	528M
ECS Total Common Shares Outstanding	480M	480M	528M	528M	528M
Book Value / Share	0.11	0.07	0.07	0.06	0.06
Tangible Book Value	54.66M	33.44M	36.47M	32.97M	31.87M
Tangible Book Value Per Share	0.11	0.07	0.07	0.06	0.06
Total Debt	80.19M	63.91M	34.31M	28.66M	79.39M
Net Debt	54.42M	56.15M	21.88M	19.5M	62.07M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	742K	690K	649K	631K	663K
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	2.09M	1.93M	1.82M	1.81M	1.92M
Machinery, Total	81.75M	83.07M	79.27M	86.47M	86.65M
Full Time Employees	203	201	190	189	175
Accumulated Allowance for Doubtful Accounts (Supple)	1.45M	1.18M	912K	483K	456K

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	-18.3M	-20.18M	-4.46M	-3.54M	-1.11M
Depreciation & Amortization - CF	20.13M	21.1M	18.73M	13.34M	14.44M
Depreciation & Amortization, Total	20.13M	21.1M	18.73M	13.34M	14.44M
(Gain) Loss From Sale Of Asset	267K	-66K	346K	179K	1.27M
(Gain) Loss on Sale of Investments - (CF)	-104K	211K	725K	-356K	552K
(Income) Loss On Equity Investments - (CF)	-5K	-2K	2K	13K	6K
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-365K	-259K	-272K	45K	3K
Other Operating Activities, Total	2.13M	2.15M	2.6M	1.2M	2.48M
Change In Accounts Receivable	12.57M	9.58M	10.28M	-1.18M	-7.82M
Change In Accounts Payable	-5.92M	-1.25M	-373K	25K	1.42M
Cash from Operations	10.39M	11.29M	27.58M	9.71M	11.25M
Capital Expenditure	-1.19M	-3.04M	-1.57M	-1.75M	-997K
Sale of Property, Plant, and Equipment	212K	432K	214K	315K	351K
Investment in Marketable and Equity Securities, Total	-4.01M	-127K	1.84M	1.77M	-
Other Investing Activities, Total	-4.94M	2.16M	12.69M	203K	-2.4M
Cash from Investing	-9.93M	-577K	13.17M	534K	-3.05M
Short Term Debt Issued, Total	116M	89.07M	56.04M	14.2M	7.5M
Long-Term Debt Issued, Total	-	-	7.06M	-	12M
Total Debt Issued	116M	89.07M	63.1M	14.2M	19.5M
Short Term Debt Repaid, Total	-99M	-97M	-84M	-13.81M	-4.95M
Long-Term Debt Repaid, Total	-16.68M	-17.15M	-17.26M	-10.47M	-13.33M
Total Debt Repaid	-116M	-114M	-101M	-24.28M	-18.28M
Issuance of Common Stock	-	-	7.54M	-	-
Repurchase of Common Stock	-	-	-203K	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-2.48M	-3.38M	-2.97M	-2.05M	-1.23M
Cash from Financing	-2.67M	-28.46M	-33.8M	-12.13M	-8K
Foreign Exchange Rate Adjustments	178K	-171K	272K	36K	-52K
Net Change in Cash	-2.02M	-17.92M	7.23M	-1.85M	8.14M
Supplemental Items
Cash Interest Paid	2.48M	3.38M	2.97M	2.05M	1.23M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	9.65M	11.58M	36.27M	3.25M	8.75M
Unlevered Free Cash Flow	11.21M	13.7M	38.13M	4.53M	10.09M
Change In Net Working Capital	-2.41M	-8.63M	-22.17M	3.95M	2.76M
Net Debt Issued / Repaid	-184K	-25.08M	-38.16M	-10.08M	1.22M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-5.47	-8.18	-0.96	-2.91	-0.46
Return on Total Capital	-7.31	-11.19	-1.43	-4.73	-0.68
Return On Equity %	-28.76	-45.8	-12.75	-10.2	-3.42
Return on Common Equity	-28.76	-45.8	-12.75	-10.2	-3.42
Margin Analysis
Gross Profit Margin %	9.85	8.6	14.57	11.86	12.77
SG&A Margin	7.17	7.29	8.24	8.08	6.74
EBITDA Margin %	-2.23	-4.52	1.06	0.33	1.33
EBITA Margin %	-3.93	-6.34	-0.54	-1.43	-0.29
EBIT Margin %	-3.93	-6.34	-0.54	-1.43	-0.29
Income From Continuing Operations Margin %	-4.43	-6.16	-1.25	-1.02	-0.34
Net Income Margin %	-4.43	-6.16	-1.25	-1.02	-0.34
Net Avail. For Common Margin %	-4.43	-6.16	-1.25	-1.02	-0.34
Normalized Net Income Margin	-2.79	-4	-0.68	-1.13	-0.46
Levered Free Cash Flow Margin	2.34	3.53	10.18	0.93	2.67
Unlevered Free Cash Flow Margin	2.71	4.18	10.71	1.3	3.08
Asset Turnover
Asset Turnover	2.23	2.06	2.84	3.26	2.57
Fixed Assets Turnover	5.76	5.22	6.61	7.7	5.67
Receivables Turnover (Average Receivables)	7.03	6.77	8.59	9.12	8.02
Short Term Liquidity
Current Ratio	1.03	0.84	0.96	1.02	0.99
Quick Ratio	0.79	0.62	0.84	0.89	0.85
Operating Cash Flow to Current Liabilities	0.1	0.12	0.44	0.17	0.16
Days Sales Outstanding (Average Receivables)	51.95	53.93	42.6	40.03	45.5
Average Days Payable Outstanding	33.43	38.22	36.08	33.4	33.13
Long Term Solvency
Total Debt/Equity	146.71	191.15	94.07	86.93	249.08
Total Debt / Total Capital	59.47	65.65	48.47	46.51	71.35
LT Debt/Equity	30.83	28.89	27.03	23.72	143.43
Long-Term Debt / Total Capital	12.5	9.92	13.93	12.69	41.09
Total Liabilities / Total Assets	69.37	75.99	67.39	67.52	79.17
EBIT / Interest Expense	-6.54	-6.14	-0.65	-2.42	-0.44
EBITDA / Interest Expense	1.57	0.09	5.67	4.09	6.29
(EBITDA - Capex) / Interest Expense	1.09	-0.81	5.13	3.23	5.82
Total Debt / EBITDA	20.56	199.73	2.04	3.42	5.88
Net Debt / EBITDA	13.95	175.46	1.3	2.33	4.6
Total Debt / (EBITDA - Capex)	29.6	-23.46	2.25	4.33	6.35
Net Debt / (EBITDA - Capex)	20.09	-20.61	1.44	2.95	4.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.11	-20.63	8.67	-2.29	-5.84
Gross Profit, 1 Yr. Growth %	-3.28	-30.68	84.07	-20.46	1.45
EBITDA, 1 Yr. Growth %	326.21	60.57	-125.58	-69.33	993
EBITA, 1 Yr. Growth %	82.84	28.06	-90.76	158.65	-83.55
EBIT, 1 Yr. Growth %	82.84	28.06	-90.76	158.65	-83.55
Earnings From Cont. Operations, 1 Yr. Growth %	137.42	10.23	-77.91	-20.51	-68.67
Net Income, 1 Yr. Growth %	137.42	10.23	-77.91	-20.51	-68.67
Normalized Net Income, 1 Yr. Growth %	76.04	14.14	-81.47	61.41	-66.33
Diluted EPS Before Extra, 1 Yr. Growth %	134.83	10.23	-79.69	-21.41	-68.67
Accounts Receivable, 1 Yr. Growth %	-23.37	-10.04	-19.24	6.04	7.99
Net Property, Plant and Equip., 1 Yr. Growth %	-11.99	-13.02	-15.52	-16.76	81.63
Total Assets, 1 Yr. Growth %	-7.23	-21.96	-19.7	-9.23	50.77
Tangible Book Value, 1 Yr. Growth %	-24.74	-38.83	9.06	-9.59	-3.33
Common Equity, 1 Yr. Growth %	-24.74	-38.83	9.06	-9.59	-3.33
Cash From Operations, 1 Yr. Growth %	-171.39	8.59	144.36	-64.77	15.86
Capital Expenditures, 1 Yr. Growth %	-81.52	155.37	-48.29	11.44	-43.16
Levered Free Cash Flow, 1 Yr. Growth %	-163.25	19.98	213.18	-91.31	215.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-180.23	22.24	178.38	-88.45	148.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.7	-6.94	-7.12	3.05	-4.08
Gross Profit, 2 Yr. CAGR %	13.49	-18.12	12.96	21	-10.17
EBITDA, 2 Yr. CAGR %	-12.04	161.61	-35.92	-71.99	7.46
EBITA, 2 Yr. CAGR %	43.49	53.02	-65.6	-51.12	-29.96
EBIT, 2 Yr. CAGR %	43.49	53.02	-65.6	-51.12	-29.96
Earnings From Cont. Operations, 2 Yr. CAGR %	177.02	61.77	-50.65	-58.09	-50.1
Net Income, 2 Yr. CAGR %	177.02	61.77	-50.65	-58.09	-50.1
Normalized Net Income, 2 Yr. CAGR %	170.16	41.75	-54.01	-45.31	-21.42
Diluted EPS Before Extra, 2 Yr. CAGR %	142.88	60.89	-52.68	-60.04	-50.38
Accounts Receivable, 2 Yr. CAGR %	1.67	-16.97	-14.76	-7.46	7.01
Net Property, Plant and Equip., 2 Yr. CAGR %	4.38	-12.51	-14.28	-16.15	22.96
Total Assets, 2 Yr. CAGR %	6.91	-14.91	-20.84	-14.63	16.98
Tangible Book Value, 2 Yr. CAGR %	14.66	-32.15	-18.32	-0.7	-6.51
Common Equity, 2 Yr. CAGR %	14.66	-32.15	-18.32	-0.7	-6.51
Cash From Operations, 2 Yr. CAGR %	-0.56	-11.95	62.9	-7.23	-36.11
Capital Expenditures, 2 Yr. CAGR %	-56.35	-31.3	14.91	-24.09	-20.41
Levered Free Cash Flow, 2 Yr. CAGR %	17.04	-12.88	93.84	-47.05	-51.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.28	-0.97	84.47	-42.5	-49.27
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.55	0.87	-2	-5.54	-0.01
Gross Profit, 3 Yr. CAGR %	4.91	-3.71	7.26	0.49	14.1
EBITDA, 3 Yr. CAGR %	-23.24	7.5	20.52	-49.88	-33.4
EBITA, 3 Yr. CAGR %	5.08	38.15	-39.97	-32.61	-64.34
EBIT, 3 Yr. CAGR %	5.08	38.15	-39.97	-32.61	-64.34
Earnings From Cont. Operations, 3 Yr. CAGR %	397.1	103.76	-16.69	-42.15	-61.97
Net Income, 3 Yr. CAGR %	397.1	103.76	-16.69	-42.15	-61.97
Normalized Net Income, 3 Yr. CAGR %	12.31	102.72	-28.06	-30.11	-51.45
Diluted EPS Before Extra, 3 Yr. CAGR %	359.9	86.65	-19.29	-43.96	-63.16
Accounts Receivable, 3 Yr. CAGR %	1.37	-2.4	-17.73	-8.33	-2.57
Net Property, Plant and Equip., 3 Yr. CAGR %	14.31	-1.78	-13.52	-15.11	8.5
Total Assets, 3 Yr. CAGR %	9.15	-3.74	-16.54	-17.14	3.19
Tangible Book Value, 3 Yr. CAGR %	3.28	-7.01	-20.52	-15.51	-1.58
Common Equity, 3 Yr. CAGR %	3.28	-7.01	-20.52	-15.51	-1.58
Cash From Operations, 3 Yr. CAGR %	13.37	2.4	23.74	-2.23	-0.1
Capital Expenditures, 3 Yr. CAGR %	-56.84	-21.34	-37.51	13.74	-31.07
Levered Free Cash Flow, 3 Yr. CAGR %	-14.88	18.01	33.45	-30.45	-8.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.41	16.87	39.76	-26.07	-9.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.95	0.36	0.28	1.73	-2.84
Gross Profit, 5 Yr. CAGR %	3.05	-8.3	8.05	5.5	-0.08
EBITDA, 5 Yr. CAGR %	-6.2	-4.78	-28.59	-37.23	15.11
EBITA, 5 Yr. CAGR %	22.53	10.72	-32.77	-8.82	-36.15
EBIT, 5 Yr. CAGR %	22.53	10.72	-32.77	-8.82	-36.15
Earnings From Cont. Operations, 5 Yr. CAGR %	34.17	25.66	97.32	8.24	-32.13
Net Income, 5 Yr. CAGR %	34.17	25.66	97.32	8.24	-32.13
Normalized Net Income, 5 Yr. CAGR %	28.93	11.53	-21.42	20.03	-25.47
Diluted EPS Before Extra, 5 Yr. CAGR %	24.5	16.7	85.19	0.75	-33.56
Accounts Receivable, 5 Yr. CAGR %	5.52	0.46	-5.42	-4.45	-8.61
Net Property, Plant and Equip., 5 Yr. CAGR %	5.8	5.59	1.88	-7.8	-0.45
Total Assets, 5 Yr. CAGR %	8.98	3.07	-4.01	-8.25	-4.47
Tangible Book Value, 5 Yr. CAGR %	4.19	-11.42	-5.97	-4.53	-15.19
Common Equity, 5 Yr. CAGR %	4.19	-11.42	-5.97	-4.53	-15.19
Cash From Operations, 5 Yr. CAGR %	-10.88	-5.89	31.06	-1.57	-5.02
Capital Expenditures, 5 Yr. CAGR %	-23.94	7.32	-36.15	-22.45	-31.16
Levered Free Cash Flow, 5 Yr. CAGR %	-	67.13	18.3	-14.35	-10.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	59.57	20.4	-12	-6.29