Income Statement Capital VC Limited

Stocks

2324

KYG1889C2251

Investment Management & Fund Operators

Delayed Hong Kong S.E. 04:08:27 2026-09-30 EDT			5-day change	1st Jan Change
0.1020 ^HKD	-0.97%		-2.86%	-33.33%

05-28	Capital VC Limited Reports Earnings Results for the Half Year Ended March 31, 2026	CI
03-12	Capital VC Nets Nearly HK$53 Million from Rights Issue	MT

1755140910ca43d7b5ceb4344e89de.3QQU4Avi6sFOO84l9owGF32VBBKV3f0cldrMlTSlixM.tExapWi0q4o8CatAwsVnZgjXTz_DsLhy0pee9wfDzmaCMmOqVJWQ-DRt9g

Published financial data: CAPITAL VC LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Gain (Loss) on Sale of Investment, Total (Rev)	55.22M	-51.38M	-133M	-22.18M	122M
Interest And Invest. Income (Rev)	27.89M	24.96M	22.22M	24.27M	21.44M
Other Revenues, Total	160K	-6.79K	-1.82M	-4.94M	-
Total Revenues	83.28M	-26.43M	-113M	-2.85M	143M
Gross Profit	83.28M	-26.43M	-113M	-2.85M	143M
Selling General & Admin Expenses, Total	11.59M	17.04M	18.05M	10.13M	10.17M
Stock-Based Compensation (IS)	2.8M	4.1M	-	-	-
Other Operating Expenses, Total	14.39M	21.13M	18.05M	10.13M	10.17M
Operating Income	68.88M	-47.56M	-131M	-12.98M	133M
Interest Expense, Total	-1.67M	-3.07M	-6.1M	-6.4M	-3.58M
Net Interest Expenses	-1.67M	-3.07M	-6.1M	-6.4M	-3.58M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-164K
Other Non Operating Income (Expenses)	127K	-18.18M	-3.3M	-20.73M	-990K
EBT, Excl. Unusual Items	67.34M	-68.81M	-140M	-40.1M	128M
Gain (Loss) On Sale Of Investments	-4.79M	-19.31M	-9.58M	19.98M	2.97M
Gain (Loss) On Sale Of Assets	240K	-	280K	155K	-
Other Unusual Items	-73.76K	-	-	-357K	-
EBT, Incl. Unusual Items	62.72M	-88.13M	-150M	-20.33M	131M
Income Tax Expense	-	-	-452K	-411K	-
Earnings From Continuing Operations	62.72M	-88.13M	-149M	-19.92M	131M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	62.72M	-88.13M	-149M	-19.92M	131M
Net Income - (IS)	62.72M	-88.13M	-149M	-19.92M	131M
Net Income to Common Incl Extra Items	62.72M	-88.13M	-149M	-19.92M	131M
Net Income to Common Excl. Extra Items	62.72M	-88.13M	-149M	-19.92M	131M
Per Share Items
Net EPS - Basic	0.18	-0.21	-0.35	-0.05	0.29
Basic EPS - Continuing Operations	0.18	-0.21	-0.35	-0.05	0.29
Basic Weighted Average Shares Outstanding	341M	417M	420M	420M	450M
Net EPS - Diluted	0.17	-0.21	-0.35	-0.05	0.29
Diluted EPS - Continuing Operations	0.17	-0.21	-0.35	-0.05	0.29
Diluted Weighted Average Shares Outstanding	370M	417M	420M	420M	450M
Normalized Basic EPS	0.12	-0.1	-0.21	-0.06	0.18
Normalized Diluted EPS	0.11	-0.1	-0.21	-0.06	0.18
Supplemental Items
EBITDA	68.91M	-47.42M	-131M	-12.8M	133M
EBITA	68.88M	-47.56M	-131M	-12.98M	133M
EBIT	68.88M	-47.56M	-131M	-12.98M	133M
EBITDAR	69.05M	-47.28M	-130M	-12.65M	133M
Effective Tax Rate - (Ratio)	-	-	0.3	2.02	-
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-452K	-411K	-
Total Deferred Taxes	-	-	-452K	-411K	-
Normalized Net Income	42.09M	-43.01M	-87.63M	-25.06M	80.07M
Interest on Long-Term Debt	-	36.9K	2.7M	2.46M	-
Supplemental Operating Expense Items
General and Administrative Expenses	11.59M	17.04M	18.05M	10.13M	10.17M
Net Rental Expense, Total	145K	145K	146K	150K	150K
Imputed Operating Lease Interest Expense	-	-	258K	156K	110K
Imputed Operating Lease Depreciation	-	-	-112K	-6.22K	40.14K
Stock-Based Comp., Other (Total)	2.8M	4.1M	-	-	-
Total Stock-Based Compensation	2.8M	4.1M	-	-	-

Fiscal Period: September	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Assets
Cash And Equivalents	11.91M	16.69M	33.08M	25.18M	38.26M
Short Term Investments	46.36M	47.81M	4.44M	1.61M	112M
Trading Asset Securities, Total	264M	245M	181M	173M	258M
Total Cash And Short Term Investments	322M	310M	218M	199M	408M
Other Receivables	71.37M	67.4M	39.58M	9.57M	8.79M
Notes Receivable	-	-	-	-	-
Total Receivables	71.37M	67.4M	39.58M	9.57M	8.79M
Prepaid Expenses	864K	609K	221K	166K	439K
Other Current Assets, Total	585K	13.12M	30.86K	-	-
Total Current Assets	395M	391M	258M	209M	418M
Gross Property Plant And Equipment	4.28M	4.97M	2.97M	2.33M	2.33M
Accumulated Depreciation	-4.28M	-4.41M	-2.59M	-2.12M	-2.29M
Net Property Plant And Equipment	0	554K	381K	209K	36.14K
Long-term Investments	159M	120M	120M	144M	57.19M
Deferred Tax Assets Long-Term	-	-	-	-	-
Total Assets	554M	512M	379M	353M	475M
Liabilities
Accrued Expenses, Total	4.2M	4.16M	3.24M	1.49M	1.27M
Short-term Borrowings	-	6.08M	14.81M	43.18M	35.08M
Other Current Liabilities	23.9M	15.88M	21.77M	800K	-
Total Current Liabilities	28.1M	26.11M	39.82M	45.47M	36.34M
Long-Term Debt	-	15.81M	18.51M	-	-
Deferred Tax Liability Non Current	-	862K	411K	-	-
Total Liabilities	28.1M	42.79M	58.74M	45.47M	36.34M
Common Stock, Total	85.81M	105M	105M	105M	113M
Additional Paid In Capital	1.32B	1.31B	1.31B	1.31B	1.32B
Retained Earnings	-901M	-981M	-1.14B	-1.15B	-1.01B
Comprehensive Income and Other	26.42M	29.73M	37.49M	37.27M	22.83M
Total Common Equity	526M	469M	320M	308M	439M
Total Equity	526M	469M	320M	308M	439M
Total Liabilities And Equity	554M	512M	379M	353M	475M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	343M	420M	420M	420M	450M
ECS Total Common Shares Outstanding	343M	420M	420M	420M	450M
Book Value / Share	1.53	1.12	0.76	0.73	0.97
Tangible Book Value	526M	469M	320M	308M	439M
Tangible Book Value Per Share	1.53	1.12	0.76	0.73	0.97
Total Debt	0	21.89M	33.32M	43.18M	35.08M
Net Debt	-322M	-288M	-185M	-156M	-373M
Debt Equivalent Oper. Leases	1.16M	1.16M	1.17M	1.2M	1.2M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	4.28M	4.97M	2.97M	2.33M	2.33M
Full Time Employees	13	20	20	17	16

Fiscal Period: September	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Net Income	62.72M	-88.13M	-149M	-19.92M	131M
Depreciation & Amortization - CF	-	136K	172K	172K	172K
Depreciation & Amortization, Total	-	136K	172K	172K	172K
(Gain) Loss From Sale Of Asset	-240K	-	-280K	-155K	-
(Gain) Loss on Sale of Investments - (CF)	-50.44M	76.35M	146M	26.32M	-122M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	2.8M	4.1M	-	-	-
Provision and Write-off of Bad Debts	-	-	-	750K	-1.98M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-10.74M	17.23M	6.79M	-4.98M	-9.43M
Change in Trading Asset Securities	-32.63M	-19.5M	-48.46M	-14.95M	39.91M
Change In Accounts Payable	-107K	-8.07M	4.97M	-945K	-1.03M
Change in Other Net Operating Assets	8.63M	-16.29M	13.48M	3.03M	-14.97M
Cash from Operations	-19.99M	-34.17M	-26.23M	-10.68M	22.18M
Capital Expenditure	-	-690K	-	-	-
Sale of Property, Plant, and Equipment	240K	-	280K	155K	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	11.39M	-6.4M	33.6M	13.7M	2.58M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	11.63M	-7.09M	33.88M	13.86M	2.58M
Long-Term Debt Issued, Total	-	21M	-	6.58M	-
Total Debt Issued	-	21M	-	6.58M	-
Long-Term Debt Repaid, Total	-	-	-	-13.5M	-8.12M
Total Debt Repaid	-	-	-	-13.5M	-8.12M
Issuance of Common Stock	3.44M	18.96M	-	-	-
Other Financing Activities, Total	-	-	-	-4.18M	-3.56M
Cash from Financing	3.44M	39.96M	-	-11.1M	-11.68M
Net Change in Cash	-4.93M	-1.3M	7.65M	-7.93M	13.08M
Supplemental Items
Cash Interest Paid	1.67M	3.04M	3.4M	4.18M	3.56M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	136M	-44.48M	-39.13M	17.15M	80.45M
Unlevered Free Cash Flow	137M	-42.56M	-35.31M	21.15M	82.69M
Change In Net Working Capital	-91.63M	16.38M	-46.27M	-29.09M	515K
Net Debt Issued / Repaid	-	21M	-	-6.92M	-8.12M

Fiscal Period: September	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Profitability
Return on Assets	8.25	-5.58	-18.37	-2.22	20.06
Return on Total Capital	8.72	-5.85	-19.37	-2.24	20.14
Return On Equity %	12.87	-17.71	-37.8	-6.35	35.14
Return on Common Equity	12.87	-17.71	-37.8	-6.35	35.14
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	13.92	-64.47	-16.01	-355.85	7.11
EBITDA Margin %	82.75	179.46	115.86	449.79	93.01
EBITA Margin %	82.72	179.97	116.01	455.85	92.89
EBIT Margin %	82.72	179.97	116.01	455.85	92.89
Income From Continuing Operations Margin %	75.32	333.48	132.2	699.58	91.66
Net Income Margin %	75.32	333.48	132.2	699.58	91.66
Net Avail. For Common Margin %	75.32	333.48	132.2	699.58	91.66
Normalized Net Income Margin	50.54	162.75	77.72	880.38	55.99
Levered Free Cash Flow Margin	163.85	168.31	34.7	-602.54	56.25
Unlevered Free Cash Flow Margin	165.1	161.04	31.32	-742.98	57.82
Asset Turnover
Asset Turnover	0.16	-0.05	-0.25	-0.01	0.35
Fixed Assets Turnover	-	-95.47	-241.26	-9.65	1.17K
Short Term Liquidity
Current Ratio	14.05	14.97	6.48	4.6	11.49
Quick Ratio	14	14.45	6.47	4.6	11.48
Operating Cash Flow to Current Liabilities	-0.71	-1.31	-0.66	-0.23	0.61
Long Term Solvency
Total Debt/Equity	-	4.67	10.42	14.04	8
Total Debt / Total Capital	-	4.46	9.44	12.31	7.41
LT Debt/Equity	-	3.37	5.79	-	-
Long-Term Debt / Total Capital	-	3.22	5.24	-	-
Total Liabilities / Total Assets	5.07	8.36	15.52	12.88	7.65
EBIT / Interest Expense	41.32	-15.48	-21.45	-2.03	37.09
EBITDA / Interest Expense	41.33	-15.44	-21.42	-2	37.14
(EBITDA - Capex) / Interest Expense	41.33	-15.66	-21.42	-2	37.14
Total Debt / EBITDA	-	-0.46	-0.26	-3.37	0.26
Net Debt / EBITDA	-4.68	6.07	1.41	12.2	-2.81
Total Debt / (EBITDA - Capex)	-	-0.45	-0.26	-3.37	0.26
Net Debt / (EBITDA - Capex)	-4.68	5.99	1.41	12.2	-2.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-278.04	-131.73	326.68	-97.08	-5.12K
Gross Profit, 1 Yr. Growth %	-278.04	-131.73	326.68	-97.08	-5.12K
EBITDA, 1 Yr. Growth %	-204.85	-168.82	175.47	-88.57	-1.14K
EBITA, 1 Yr. Growth %	-204.77	-169.04	175.04	-88.44	-1.12K
EBIT, 1 Yr. Growth %	-204.77	-169.04	175.04	-88.44	-1.12K
Earnings From Cont. Operations, 1 Yr. Growth %	-159.46	-240.5	69.14	-86.64	-758.22
Net Income, 1 Yr. Growth %	-159.46	-240.5	69.14	-86.64	-758.22
Normalized Net Income, 1 Yr. Growth %	-176.24	-202.18	103.75	-67.03	-419.49
Diluted EPS Before Extra, 1 Yr. Growth %	-144.39	-224.27	67.94	-86.64	-714.7
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-31.16	-45.26	-82.68
Total Assets, 1 Yr. Growth %	13.18	-7.69	-26.01	-6.77	34.55
Tangible Book Value, 1 Yr. Growth %	17.28	-10.89	-31.79	-3.86	42.63
Common Equity, 1 Yr. Growth %	17.28	-10.89	-31.79	-3.86	42.63
Cash From Operations, 1 Yr. Growth %	-9.12	70.91	-23.24	-44.65	-307.68
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-309.85	-132.6	-12.03	-134.84	369.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-315.75	-130.95	-17.02	-146.57	290.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-23.38	-24.83	16.36	-67.18	21.07
Gross Profit, 2 Yr. CAGR %	-23.38	-24.83	16.36	-67.18	21.07
EBITDA, 2 Yr. CAGR %	-35.56	-15.05	37.69	-48.04	8.95
EBITA, 2 Yr. CAGR %	-37.21	-14.95	37.8	-47.76	8.8
EBIT, 2 Yr. CAGR %	-37.21	-14.95	37.8	-47.76	8.8
Earnings From Cont. Operations, 2 Yr. CAGR %	-41.54	-8.6	54.16	-52.46	-6.22
Net Income, 2 Yr. CAGR %	-41.54	-8.6	54.16	-52.46	-6.22
Normalized Net Income, 2 Yr. CAGR %	-38.21	-11.74	44.29	-23.66	2.63
Diluted EPS Before Extra, 2 Yr. CAGR %	-49.49	-25.72	44.47	-52.63	-9.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-38.61	-69.2
Total Assets, 2 Yr. CAGR %	-1.9	2.21	-17.36	-16.95	12
Tangible Book Value, 2 Yr. CAGR %	-1.93	2.23	-22.04	-19.02	17.1
Common Equity, 2 Yr. CAGR %	-1.93	2.23	-22.04	-19.02	17.1
Cash From Operations, 2 Yr. CAGR %	5.67	24.63	14.54	-44.09	7.22
Levered Free Cash Flow, 2 Yr. CAGR %	-25.88	-17.29	-46.45	-37.9	27.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.72	-18.28	-49.32	-29.5	34.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-21.41	-42.89	34.08	-67.55	75.57
Gross Profit, 3 Yr. CAGR %	-21.41	-42.89	34.08	-67.55	75.57
EBITDA, 3 Yr. CAGR %	-28.83	-34.14	25.73	-42.94	41.03
EBITA, 3 Yr. CAGR %	-30.02	-35.19	25.77	-42.67	40.83
EBIT, 3 Yr. CAGR %	-30.02	-35.19	25.77	-42.67	40.83
Earnings From Cont. Operations, 3 Yr. CAGR %	-36.45	-21.7	12.22	-31.78	14.15
Net Income, 3 Yr. CAGR %	-36.45	-21.7	12.22	-31.78	14.15
Normalized Net Income, 3 Yr. CAGR %	-30.73	-26.93	16.65	-15.87	23.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-42.35	-31.81	-2.51	-34.67	11.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-	176.81	-	-	-59.73
Total Assets, 3 Yr. CAGR %	-9.65	-3.87	-8.23	-13.97	-2.45
Tangible Book Value, 3 Yr. CAGR %	-10.56	-5.01	-10.67	-16.4	-2.2
Common Equity, 3 Yr. CAGR %	-10.56	-5.01	-10.67	-16.4	-2.2
Cash From Operations, 3 Yr. CAGR %	-24.68	24.04	6.04	-18.86	-13.42
Levered Free Cash Flow, 3 Yr. CAGR %	41.28	-43.63	-15.58	-49.91	21.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	40.66	-44.52	-17.86	-46.42	24.78
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-18.62	-44.7	-8.05	-54.24	25.05
Gross Profit, 5 Yr. CAGR %	-18.62	-44.7	-8.05	-54.24	25.05
EBITDA, 5 Yr. CAGR %	-22.68	-38.35	-7.33	-40.09	15.14
EBITA, 5 Yr. CAGR %	-23.32	-38.56	-8.23	-40.55	15.11
EBIT, 5 Yr. CAGR %	-23.32	-38.56	-8.23	-40.55	15.11
Earnings From Cont. Operations, 5 Yr. CAGR %	-21.01	-31.95	-9.42	-35.87	4.44
Net Income, 5 Yr. CAGR %	-21.24	-31.59	-9.42	-35.87	4.44
Normalized Net Income, 5 Yr. CAGR %	-23.85	-34.06	-7.1	-25.64	7.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-44.6	-42.01	-16.75	-41.06	-5.32
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-50.6	-46.83	51.55	-
Total Assets, 5 Yr. CAGR %	-14.74	-12.78	-12.81	-9.33	-0.61
Tangible Book Value, 5 Yr. CAGR %	-14.04	-13.71	-15.34	-10.88	-0.45
Common Equity, 5 Yr. CAGR %	-14.04	-13.71	-15.34	-10.88	-0.45
Cash From Operations, 5 Yr. CAGR %	-36.02	-39.15	-10.93	-9.82	0.16
Levered Free Cash Flow, 5 Yr. CAGR %	2.77	-31.06	-4.16	-41.41	4.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.28	-31.41	-6.49	-38.94	5.35