Income Statement AXINGTON Singapore S.E.

Stocks

42U

MYA012218006

Integrated Hardware & Software

Market Closed - Singapore S.E. Other stock markets 01:14:41 2026-08-06 EDT			5-day change	1st Jan Change
0.1180 ^SGD	+0.85%		+1.72%	-4.84%

07-29	Serial Achieva Forecasts First-Half Net Loss	MT
07-28	Serial Achieva Limited Provides Earnings Guidance for Half Year Ended June 30, 2026	CI

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Published financial data: AXINGTON

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (USD)	2025 (USD)
Revenues	-	-	-	79.5M	96.83M
Total Revenues	-	-	-	79.5M	96.83M
Cost of Goods Sold, Total	221K	324K	324K	78M	93.88M
Gross Profit	-221K	-324K	-324K	1.49M	2.95M
Selling General & Admin Expenses, Total	84K	70K	66K	1.64M	3.18M
Provision for Bad Debts	-	-	-	6K	10K
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	682K	407K	1.03M	526K	729K
Other Operating Expenses, Total	766K	477K	1.1M	2.17M	3.92M
Operating Income	-987K	-801K	-1.42M	-673K	-972K
Interest Expense, Total	-	-	-	-325K	-1.04M
Interest And Investment Income	23K	-	-	15K	668K
Net Interest Expenses	23K	-	-	-310K	-367K
Currency Exchange Gains (Loss)	-	-18K	-2K	-578K	730K
Other Non Operating Income (Expenses)	-	-	6K	108K	-
EBT, Excl. Unusual Items	-964K	-819K	-1.42M	-1.45M	-609K
Merger & Related Restructuring Charges	-	-	-	-4.62M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-15K	-	-	-	-
EBT, Incl. Unusual Items	-979K	-819K	-1.42M	-6.07M	-609K
Income Tax Expense	-	18K	-	-1K	53K
Earnings From Continuing Operations	-979K	-837K	-1.42M	-6.07M	-662K
Earnings Of Discontinued Operations	-	-	-12K	-	-
Net Income to Company	-979K	-837K	-1.43M	-6.07M	-662K
Minority Interest	3K	-16K	-	98K	-7K
Net Income - (IS)	-976K	-853K	-1.43M	-5.97M	-669K
Net Income to Common Incl Extra Items	-976K	-853K	-1.43M	-5.97M	-669K
Net Income to Common Excl. Extra Items	-976K	-853K	-1.42M	-5.97M	-669K
Per Share Items
Net EPS - Basic	-0.04	-0.04	-0.06	-0.04	-0
Basic EPS - Continuing Operations	-0.04	-0.04	-0.06	-0.04	-0
Basic Weighted Average Shares Outstanding	23.34M	23.34M	23.34M	155M	170M
Net EPS - Diluted	-0.04	-0.04	-0.06	-0.04	-0
Diluted EPS - Continuing Operations	-0.04	-0.04	-0.06	-0.04	-0
Diluted Weighted Average Shares Outstanding	23.34M	23.34M	23.34M	155M	170M
Normalized Basic EPS	-0.03	-0.02	-0.04	-0.01	-0
Normalized Diluted EPS	-0.03	-0.02	-0.04	-0.01	-0
Dividend Per Share	0.6	-	-	-	-
Payout Ratio	-	-1.65K	-	-	-
Supplemental Items
EBITDA	-932K	-	-	-659K	-844K
EBITA	-987K	-801K	-1.42M	-673K	-972K
EBIT	-987K	-801K	-1.42M	-673K	-972K
EBITDAR	-912K	-	-	-	-
Effective Tax Rate - (Ratio)	-	-2.2	-	0.02	-8.7
Current Domestic Taxes	-	-	-	-	35K
Current Foreign Taxes	-	-	-	-1K	-
Total Current Taxes	-	18K	-	-1K	35K
Total Deferred Taxes	-	-	-	-	18K
Normalized Net Income	-600K	-528K	-888K	-810K	-388K
Interest on Long-Term Debt	-	-	-	14K	487K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	64K	70K	66K	-	-
Selling and Marketing Expenses	64K	70K	66K	1.31M	2.27M
General and Administrative Expenses	-	-	-	321K	908K
Net Rental Expense, Total	20K	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	2M	1.16M	163K	5.04M	7.52M
Short Term Investments	28K	-	-	69K	79K
Total Cash And Short Term Investments	2.03M	1.16M	163K	5.11M	7.59M
Accounts Receivable, Total	-	-	-	25.79M	21.65M
Other Receivables	4K	-	40K	928K	2.35M
Notes Receivable	-	-	-	1.15M	704K
Total Receivables	4K	-	40K	27.88M	24.71M
Inventory	-	-	-	12.07M	8.04M
Prepaid Expenses	42K	1K	-	145K	475K
Other Current Assets, Total	26.62M	620K	620K	13K	-
Total Current Assets	28.7M	1.78M	823K	45.22M	40.82M
Gross Property Plant And Equipment	-	-	-	512K	-
Accumulated Depreciation	-	-	-	-274K	-
Net Property Plant And Equipment	-	-	-	238K	175K
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	15K
Accounts Receivable Long-Term	-	-	-	-	11.93M
Other Long-Term Assets, Total	-	-	-	112K	123K
Total Assets	28.7M	1.78M	823K	45.57M	53.06M
Liabilities
Accounts Payable, Total	-	-	-	29.68M	19.52M
Accrued Expenses, Total	209K	151K	241K	-	-
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	5.78M	6.81M
Current Portion of Leases	-	-	-	105K	6.5M
Current Income Taxes Payable	-	-	-	-	28K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	38K	24K	410K	5.5M	4.46M
Total Current Liabilities	247K	175K	651K	41.07M	37.32M
Long-Term Leases	-	-	-	110K	11.75M
Deferred Tax Liability Non Current	-	-	-	-	18K
Other Non Current Liabilities	-	-	-	-	32K
Total Liabilities	247K	175K	651K	41.18M	49.12M
Common Stock, Total	15.09M	2.43M	2.43M	14.79M	14.79M
Retained Earnings	14.12M	-827K	-2.26M	-11.25M	-11.92M
Treasury Stock	-1K	-1K	-1K	-	-
Comprehensive Income and Other	-746K	3K	2K	849K	1.19M
Total Common Equity	28.47M	1.61M	173K	4.39M	4.06M
Minority Interest	-20K	-5K	-1K	-3K	-119K
Total Equity	28.45M	1.6M	172K	4.39M	3.94M
Total Liabilities And Equity	28.7M	1.78M	823K	45.57M	53.06M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.81M	23.34M	23.34M	170M	170M
ECS Total Common Shares Outstanding	23.81M	-	23.34M	170M	170M
Book Value / Share	1.2	0.07	0.01	0.03	0.02
Tangible Book Value	28.47M	1.61M	173K	4.39M	4.05M
Tangible Book Value Per Share	1.2	0.07	0.01	0.03	0.02
Total Debt	0	0	0	6M	25.06M
Net Debt	-2.03M	-1.16M	-163K	886K	17.46M
Debt Equivalent Oper. Leases	160K	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-20K	-5K	-1K	-3K	-119K
Account Code - Inventory Valuation	3	3	3	6	6
Inventories - Finished Goods, Total	-	-	-	12.07M	8.04M
Machinery, Total	-	-	-	129K	-
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	184K	209K

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (USD)	2025 (USD)
Net Income	-976K	-853K	-1.43M	-5.97M	-669K
Depreciation & Amortization - CF	-	-	-	117K	128K
Depreciation & Amortization, Total	-	-	-	117K	128K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	6K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	6K	10K
Net Cash From Discontinued Operations	-	-	-4K	-	-
Other Operating Activities, Total	-11K	-74K	-6K	5.32M	68K
Change In Accounts Receivable	334K	32K	-40K	-18.54M	11.72M
Change In Inventories	-	-	-	-6.08M	4.91M
Change In Accounts Payable	-829K	27K	497K	20.62M	-11.65M
Change in Other Net Operating Assets	-41K	41K	1K	2.56M	4.22M
Cash from Operations	-1.52M	-827K	-984K	-1.95M	8.74M
Capital Expenditure	-	-	-	-13K	-40K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-8K	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-20K
Other Investing Activities, Total	-26.6M	26M	-	15K	668K
Cash from Investing	-26.6M	26M	-8K	2K	608K
Short Term Debt Issued, Total	-	-	-	3.81M	-
Long-Term Debt Issued, Total	-	-	-	32.39M	32.23M
Total Debt Issued	-	-	-	36.2M	32.23M
Short Term Debt Repaid, Total	-	-	-	-	-4.76M
Long-Term Debt Repaid, Total	-27K	-	-	-31.75M	-33.92M
Total Debt Repaid	-27K	-	-	-31.75M	-38.68M
Issuance of Common Stock	-	-	-	1.84M	-
Repurchase of Common Stock	-	-11.91M	-	-	-
Common Dividends Paid	-	-14.1M	-	-	-
Common & Preferred Stock Dividends Paid	-	-14.1M	-	-	-
Other Financing Activities, Total	-	-1K	-	-391K	-1.04M
Cash from Financing	-27K	-26.01M	-	5.9M	-7.48M
Foreign Exchange Rate Adjustments	-5K	-10K	-	75K	607K
Net Change in Cash	-28.15M	-847K	-992K	4.03M	2.47M
Supplemental Items
Cash Interest Paid	-	-	-	342K	1.04M
Cash Income Tax Paid (Refund)	-	18K	-	1K	-9K
Levered Free Cash Flow	-27.04M	25.47M	-453K	-799K	-5.47M
Unlevered Free Cash Flow	-27.04M	25.47M	-453K	-596K	-4.82M
Change In Net Working Capital	26.43M	-25.97M	-437K	279K	4.29M
Net Debt Issued / Repaid	-27K	-	-	4.45M	-6.45M

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-2.06	-3.29	-68.49	-1.38	-1.23
Return on Total Capital	-2.1	-3.33	-100.39	-5.1	-3.08
Return On Equity %	-3.34	-5.57	-160.18	-225.66	-15.89
Return on Common Equity	-3.33	-5.67	-159.64	-221.9	-15.83
Margin Analysis
Gross Profit Margin %	-	-	-	1.88	3.04
SG&A Margin	-	-	-	2.06	3.29
EBITDA Margin %	-	-	-	-0.83	-0.87
EBITA Margin %	-	-	-	-0.85	-1
EBIT Margin %	-	-	-	-0.85	-1
Income From Continuing Operations Margin %	-	-	-	-7.63	-0.68
Net Income Margin %	-	-	-	-7.51	-0.69
Net Avail. For Common Margin %	-	-	-	-7.51	-0.69
Normalized Net Income Margin	-	-	-	-1.02	-0.4
Levered Free Cash Flow Margin	-	-	-	-1	-5.65
Unlevered Free Cash Flow Margin	-	-	-	-0.75	-4.98
Asset Turnover
Asset Turnover	-	-	-	2.62	1.96
Fixed Assets Turnover	-	-	-	308.73	468.91
Receivables Turnover (Average Receivables)	-	-	-	4.74	4.08
Inventory Turnover (Average Inventory)	-	-	-	8.72	9.34
Short Term Liquidity
Current Ratio	116.18	10.15	1.26	1.1	1.09
Quick Ratio	8.23	6.6	0.31	0.78	0.85
Operating Cash Flow to Current Liabilities	-6.17	-4.73	-1.51	-0.05	0.23
Days Sales Outstanding (Average Receivables)	-	-	-	77.26	89.42
Days Outstanding Inventory (Average Inventory)	-	-	-	41.95	39.1
Average Days Payable Outstanding	-	-	-	80.29	99.94
Cash Conversion Cycle (Average Days)	-	-	-	38.93	28.58
Long Term Solvency
Total Debt/Equity	-	-	-	136.72	635.37
Total Debt / Total Capital	-	-	-	57.76	86.4
LT Debt/Equity	-	-	-	2.51	297.87
Long-Term Debt / Total Capital	-	-	-	1.06	40.51
Total Liabilities / Total Assets	0.86	9.85	79.1	90.37	92.57
EBIT / Interest Expense	-	-	-	-2.07	-0.94
EBITDA / Interest Expense	-	-	-	-1.71	-0.82
(EBITDA - Capex) / Interest Expense	-	-	-	-1.75	-0.85
Total Debt / EBITDA	-	-	-	-10.79	-29.69
Net Debt / EBITDA	2.18	-	-	-1.59	-20.69
Total Debt / (EBITDA - Capex)	-	-	-	-10.54	-28.35
Net Debt / (EBITDA - Capex)	2.18	-	-	-1.56	-19.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	85.72	21.8
Gross Profit, 1 Yr. Growth %	-22.46	46.61	0	-3.68	97.32
EBITDA, 1 Yr. Growth %	-63.07	-	-	-591.79	51.8
EBITA, 1 Yr. Growth %	-61.73	-18.84	66.36	-670.34	44.43
EBIT, 1 Yr. Growth %	-61.73	-18.84	66.36	-670.34	44.43
Earnings From Cont. Operations, 1 Yr. Growth %	-66.11	-14.5	62.47	1.28K	-89.09
Net Income, 1 Yr. Growth %	-106.19	-12.6	67.88	1.26K	-88.79
Normalized Net Income, 1 Yr. Growth %	-61.98	-11.95	62.47	195.26	-52.15
Diluted EPS Before Extra, 1 Yr. Growth %	-69	-12.6	62.47	1.1K	-89.77
Accounts Receivable, 1 Yr. Growth %	-	-	-	231.96	-16.06
Inventory, 1 Yr. Growth %	-	-	-	107.83	-33.41
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-	-14.08	-26.47
Total Assets, 1 Yr. Growth %	-8.3	-93.81	-53.66	199.2	16.45
Tangible Book Value, 1 Yr. Growth %	-5.71	-94.36	-89.23	343.43	-7.79
Common Equity, 1 Yr. Growth %	-5.71	-94.36	-89.23	343.43	-7.45
Cash From Operations, 1 Yr. Growth %	102.26	-45.7	18.98	886.87	-547.39
Capital Expenditures, 1 Yr. Growth %	-	-	-	-23.53	207.69
Levered Free Cash Flow, 1 Yr. Growth %	-11.98K	-194.19	-101.78	-81.61	568.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-11.95K	-194.19	-101.78	-85.59	709.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-	50.4
Gross Profit, 2 Yr. CAGR %	-34.79	6.62	21.08	150.86	37.87
EBITDA, 2 Yr. CAGR %	11.94	-	-	-	150.97
EBITA, 2 Yr. CAGR %	4.69	-44.27	20.11	3.59	187.01
EBIT, 2 Yr. CAGR %	4.69	-44.27	20.11	3.59	187.01
Earnings From Cont. Operations, 2 Yr. CAGR %	11.37	-46.17	20.44	207.79	22.8
Net Income, 2 Yr. CAGR %	4.86	-76.75	21.13	209.03	23.45
Normalized Net Income, 2 Yr. CAGR %	12.32	-42.14	21.67	42.27	18.86
Diluted EPS Before Extra, 2 Yr. CAGR %	4.23	-47.95	20.62	18.48	10.96
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	66.93
Inventory, 2 Yr. CAGR %	-	-	-	-	17.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-	-20.52
Total Assets, 2 Yr. CAGR %	50.66	-76.18	-83.07	491.75	86.66
Tangible Book Value, 2 Yr. CAGR %	67.85	-76.94	-92.21	93.15	102.21
Common Equity, 2 Yr. CAGR %	62.4	-76.94	-92.21	93.15	102.58
Cash From Operations, 2 Yr. CAGR %	22.05	4.8	-19.62	79.57	564.47
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	53.39
Levered Free Cash Flow, 2 Yr. CAGR %	448.53	957.84	-87.06	-79.3	12.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	449.33	956.39	-87.06	-82.12	8
Dividend Per Share, 2 Yr. CAGR %	75.09	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-
Gross Profit, 3 Yr. CAGR %	-57.27	-12.98	4.37	109.74	127.04
EBITDA, 3 Yr. CAGR %	10.11	-	-	-1.18	-
EBITA, 3 Yr. CAGR %	21.93	-2.04	-17.96	-2.37	13.46
EBIT, 3 Yr. CAGR %	21.93	-2.04	-17.96	-2.37	13.46
Earnings From Cont. Operations, 3 Yr. CAGR %	27.68	3.88	-21.08	103.74	-0.87
Net Income, 3 Yr. CAGR %	23.37	0.52	-55.06	102.85	0.29
Normalized Net Income, 3 Yr. CAGR %	4.84	5.5	-17.44	22.63	-3
Diluted EPS Before Extra, 3 Yr. CAGR %	17.34	0.12	-23.31	7.92	-48.66
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	33.13	-47.05	-70.26	29.41	237.46
Tangible Book Value, 3 Yr. CAGR %	43.95	-44.82	-82.11	-40.52	48
Common Equity, 3 Yr. CAGR %	40.64	-46.02	-82.11	-40.52	48.19
Cash From Operations, 3 Yr. CAGR %	84.79	-5.09	9.33	20.53	138.68
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	548.31	210.57	25.78	-65.71	-34.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	548.31	210.87	25.67	-68.91	-37.53
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	589.36
Gross Profit, 5 Yr. CAGR %	-16.31	-24.75	-33.65	32.98	67.8
EBITDA, 5 Yr. CAGR %	-1.53	-	-	5.09	-15.53
EBITA, 5 Yr. CAGR %	-2.45	15.9	24.08	1.57	-13.48
EBIT, 5 Yr. CAGR %	-2.45	15.9	24.08	1.57	-13.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.25	14.5	27.7	61.89	-21.68
Net Income, 5 Yr. CAGR %	-0.75	29.63	25.38	57.62	-44.11
Normalized Net Income, 5 Yr. CAGR %	2.25	63.04	13.92	19.79	-20.57
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.73	25.74	21.46	7.68	-48.13
Accounts Receivable, 5 Yr. CAGR %	-	-	-	62.89	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-10.24	56.47
Total Assets, 5 Yr. CAGR %	21.73	-29.91	-40.26	39.14	16.88
Tangible Book Value, 5 Yr. CAGR %	23.24	-28.41	-54.1	-8.87	-29.64
Common Equity, 5 Yr. CAGR %	23.24	-29.45	-54.73	-10.06	-29.59
Cash From Operations, 5 Yr. CAGR %	4.73	16.81	35.6	22.56	71.72
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-27.46	-31.97
Levered Free Cash Flow, 5 Yr. CAGR %	95.07	203.94	38.7	5.16	98.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	95.07	203.94	38.7	-0.78	93.57