Income Statement Excel Force MSC

Stocks

0065

MYQ0065OO001

IT Services & Consulting

Delayed BURSA MALAYSIA 00:16:26 2026-10-02 EDT			5-day change	1st Jan Change
0.2050 ^MYR	0.00%		-10.87%	-

09-21	Excel Force Msc Berhad Announces Appointment of Ms. Adeline Tang Koon Ling as Company Secretary, Effective September 18, 2026	CI
09-21	Excel Force Msc Berhad Announces Appointment of Ms. Wong Yuet Chyn as Company Secretary, Effective September 18, 2026	CI

c78236965198f7.LWBWpEAeNP9OVmmFEt3VI6c92Dd_XSPew_HROeQA8Ko.HzkGzDR5WZEtHADNeZu7TOBLl246a1qOoMSGYN1GmPlCDhLrA1BcmgwHCg

Published financial data: EXCEL FORCE MSC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020 (MYR)	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	31.39M	37.31M	28.92M	29.02M	27.39M
Total Revenues	31.39M	37.31M	28.92M	29.02M	27.39M
Cost of Goods Sold, Total	10.4M	11.59M	10.38M	10.24M	9.29M
Gross Profit	20.99M	25.73M	18.54M	18.78M	18.1M
Selling General & Admin Expenses, Total	6.61M	7.65M	6.22M	6.61M	7.03M
Provision for Bad Debts	-	-109K	14.83K	-23.57K	13.26K
Other Operating Expenses	1.29M	1.27M	1.61M	1.96M	3.39M
Other Operating Expenses, Total	7.9M	8.81M	7.85M	8.55M	10.43M
Operating Income	13.09M	16.92M	10.7M	10.23M	7.67M
Interest Expense, Total	-9.18K	-29.88K	-27.62K	-132K	-367K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-9.18K	-29.88K	-27.62K	-132K	-367K
Income (Loss) On Equity Invest.	-	-	12.03K	129K	60.25K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	1.1M	-	219K	1.06M	-
EBT, Excl. Unusual Items	14.17M	16.89M	10.9M	11.28M	7.36M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	14.17M	16.89M	10.9M	11.28M	7.36M
Income Tax Expense	3.41M	4.71M	3.05M	3M	2.29M
Earnings From Continuing Operations	10.77M	12.18M	7.86M	8.28M	5.07M
Net Income to Company	10.77M	12.18M	7.86M	8.28M	5.07M
Minority Interest	-	-	223K	-	-
Net Income - (IS)	10.77M	12.18M	8.08M	8.28M	5.07M
Net Income to Common Incl Extra Items	10.77M	12.18M	8.08M	8.28M	5.07M
Net Income to Common Excl. Extra Items	10.77M	12.18M	8.08M	8.28M	5.07M
Per Share Items
Net EPS - Basic	0.02	0.02	0.01	0.01	0.01
Basic EPS - Continuing Operations	0.02	0.02	0.01	0.01	0.01
Basic Weighted Average Shares Outstanding	562M	559M	559M	576M	610M
Net EPS - Diluted	0.02	0.02	0.01	0.01	0.01
Diluted EPS - Continuing Operations	0.02	0.02	0.01	0.01	0.01
Diluted Weighted Average Shares Outstanding	562M	559M	559M	576M	610M
Normalized Basic EPS	0.02	0.02	0.01	0.01	0.01
Normalized Diluted EPS	0.02	0.02	0.01	0.01	0.01
Dividend Per Share	0.02	0.02	0.01	0.01	0
Payout Ratio	51.96	68.89	46.16	70.59	60.09
Supplemental Items
EBITDA	13.74M	17.67M	11.57M	11.17M	8.64M
EBITA	13.09M	16.92M	10.7M	10.23M	7.67M
EBIT	13.09M	16.92M	10.7M	10.23M	7.67M
EBITDAR	14.1M	18.03M	17.9M	11.53M	9M
Effective Tax Rate - (Ratio)	24.05	27.87	27.94	26.59	31.07
Current Domestic Taxes	-	4.47M	-	-	-
Total Current Taxes	3.41M	4.47M	2.78M	2.36M	1.64M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	264K	640K	650K
Normalized Net Income	8.86M	10.55M	7.04M	7.05M	4.6M
Interest on Long-Term Debt	9.18K	29.88K	41.44K	43.83K	50.81K
Supplemental Operating Expense Items
Marketing Expenses	27.45K	74.7K	245K	104K	60.61K
Selling and Marketing Expenses	27.45K	74.7K	164K	104K	60.61K
General and Administrative Expenses	6.58M	7.58M	6.05M	6.51M	6.97M
Research And Development Expense From Footnotes	2.52M	2.71M	2.68M	2.77M	2.79M
Net Rental Expense, Total	363K	363K	545K	363K	363K
Imputed Operating Lease Interest Expense	39.26K	103K	-	83.4K	134K
Imputed Operating Lease Depreciation	324K	260K	-	280K	229K

Fiscal Period: June	2020 (MYR)	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	2.98M	21.92M	28.53M	17.48M	21.64M
Short Term Investments	322K	322K	-	-	-
Trading Asset Securities, Total	19.88M	10.44M	2.64M	3.52M	532K
Total Cash And Short Term Investments	23.18M	32.68M	31.17M	21M	22.17M
Accounts Receivable, Total	5.85M	3.19M	2.77M	4.12M	4.12M
Other Receivables	100K	184K	787K	1.54M	1.49M
Total Receivables	5.95M	3.38M	3.55M	5.66M	5.61M
Inventory	23.99K	30.51K	30.51K	6.52K	6.52K
Prepaid Expenses	1.08M	727K	846K	974K	1.26M
Other Current Assets, Total	23.9M	20.92M	21.32M	48.06M	44.5M
Total Current Assets	54.13M	57.73M	56.92M	75.71M	73.55M
Gross Property Plant And Equipment	30.53M	26.97M	29.83M	30.17M	30.83M
Accumulated Depreciation	-7.25M	-4.38M	-6.15M	-6.06M	-7.33M
Net Property Plant And Equipment	23.28M	22.59M	23.68M	24.11M	23.5M
Long-term Investments	13.04M	17.8M	11.08M	26.84M	22.18M
Goodwill	-	-	29.45K	4.02M	4.02M
Other Intangibles, Total	11.93M	12.17M	15.43M	17.42M	18.94M
Total Assets	102M	110M	107M	148M	142M
Liabilities
Accounts Payable, Total	282K	369K	353K	354K	654K
Accrued Expenses, Total	3.73M	2.92M	1.52M	2.07M	1.88M
Current Portion of Long-Term Debt	-	-	-	591K	631K
Current Portion of Leases	333K	345K	528K	831K	768K
Current Income Taxes Payable	1.24M	342K	-	1.49M	230
Unearned Revenue Current, Total	1.63M	2.57M	3.64M	3.33M	2.9M
Other Current Liabilities	1.65M	1.75M	1.74M	1.16M	180K
Total Current Liabilities	8.86M	8.3M	7.78M	9.83M	7.02M
Long-Term Debt	-	-	-	6.35M	5.75M
Long-Term Leases	672K	327K	104K	775K	254K
Deferred Tax Liability Non Current	-	-	2.36M	3M	3.65M
Total Liabilities	9.53M	8.63M	10.25M	19.96M	16.67M
Common Stock, Total	89.3M	81.18M	81.18M	98.09M	98.09M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	31.89M	15.71M	20.48M	27.32M	29.35M
Treasury Stock	-27.56M	-	-	-	-
Comprehensive Income and Other	-769K	4.24M	-4.76M	2.72M	-1.92M
Total Common Equity	92.86M	101M	96.9M	128M	126M
Minority Interest	-	545K	-	-	-
Total Equity	92.86M	102M	96.9M	128M	126M
Total Liabilities And Equity	102M	110M	107M	148M	142M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	559M	559M	559M	610M	610M
ECS Total Common Shares Outstanding	559M	559M	559M	610M	610M
Book Value / Share	0.17	0.18	0.17	0.21	0.21
Tangible Book Value	80.93M	88.95M	81.43M	107M	103M
Tangible Book Value Per Share	0.14	0.16	0.15	0.17	0.17
Total Debt	1.01M	672K	632K	8.55M	7.4M
Net Debt	-22.17M	-32.01M	-30.54M	-12.46M	-14.77M
Debt Equivalent Oper. Leases	2.9M	2.9M	-	2.9M	2.9M
Minority Interest, Total (Incl. Fin. Div)	-	545K	-	-	-
Equity Method Investments, Total	-	-	318K	359K	347K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	23.99K	30.51K	30.51K	6.52K	6.52K
Land - (BS)	382K	382K	382K	382K	382K
Buildings, Total	336K	336K	336K	336K	336K
Machinery, Total	7.5M	3.93M	6.52M	6.86M	7.5M
Full Time Employees	79	76	90	86	89
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	183K	73.98K	74.72K	51.15K	64.42K

Fiscal Period: June	2020 (MYR)	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	10.77M	12.18M	8.08M	8.28M	5.07M
Depreciation & Amortization - CF	1.02M	1.1M	1.24M	1.56M	1.59M
Depreciation & Amortization, Total	1.02M	1.1M	1.24M	1.56M	1.59M
Amortization of Deferred Charges, Total - (CF)	2.52M	2.71M	2.68M	2.77M	2.79M
(Gain) Loss From Sale Of Asset	1	-125K	-29.6K	-70K	-837
Asset Writedown & Restructuring Costs	124K	806	1	12	40
(Income) Loss On Equity Investments - (CF)	-	-	-12.03K	-129K	-60.25K
Provision and Write-off of Bad Debts	-15.04K	-109K	14.83K	-23.57K	13.26K
Other Operating Activities, Total	39.96K	-455K	-686K	64.59K	51.21K
Change In Accounts Receivable	-226K	6.05M	93.02K	-1.48M	1.7M
Change In Inventories	-	-6.52K	-	-	-
Change In Accounts Payable	2.43M	-1.22M	-961K	579K	129K
Change in Unearned Revenues	240K	949K	711K	-313K	-427K
Change in Other Net Operating Assets	-	-	-	-25.97M	-
Cash from Operations	16.9M	21.07M	11.14M	-14.74M	10.86M
Capital Expenditure	-677K	-455K	-1.49M	-234K	-684K
Sale of Property, Plant, and Equipment	-	176K	29.6K	115K	840
Cash Acquisitions	-	-	-10.35K	-1.23M	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-3.14M	-2.95M	-4.85M	-4.75M	-4.31M
Investment in Marketable and Equity Securities, Total	-	262K	-1.51M	10.33M	-
Other Investing Activities, Total	1.08M	115K	-29.92K	215K	191K
Cash from Investing	-2.73M	-2.86M	-7.86M	4.44M	-4.81M
Long-Term Debt Issued, Total	-	-	-	7M	-
Total Debt Issued	-	-	-	7M	-
Long-Term Debt Repaid, Total	-380K	-333K	-490K	-888K	-1.44M
Total Debt Repaid	-380K	-333K	-327K	-888K	-1.44M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-8.12M	-	-	-	-
Common Dividends Paid	-5.59M	-8.39M	-3.73M	-5.85M	-3.05M
Common & Preferred Stock Dividends Paid	-5.59M	-8.39M	-3.73M	-5.85M	-3.05M
Other Financing Activities, Total	-	-	-27.62K	-132K	-367K
Cash from Financing	-14.09M	-8.72M	-4.08M	134K	-4.86M
Foreign Exchange Rate Adjustments	-7.57K	8.6K	18.8K	1.87K	-29.82K
Net Change in Cash	64.34K	9.5M	-790K	-10.17M	1.17M
Supplemental Items
Cash Interest Paid	9.18K	29.88K	27.62K	132K	367K
Cash Income Tax Paid (Refund)	2.3M	5.64M	3.37M	1.6M	3.08M
Levered Free Cash Flow	11.6M	16.29M	-	-22.14M	4.48M
Unlevered Free Cash Flow	11.6M	16.31M	-	-22.06M	4.7M
Change In Net Working Capital	-3.69M	-5.33M	-	27.79M	-531K
Net Debt Issued / Repaid	-380K	-333K	-327K	6.11M	-1.44M

Fiscal Period: June	2020 (MYR)	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	8.03	9.94	-	5.01	3.3
Return on Total Capital	8.58	10.78	-	5.46	3.56
Return On Equity %	11.37	12.52	-	7.36	4
Return on Common Equity	11.37	12.56	-	7.36	4
Margin Analysis
Gross Profit Margin %	66.87	68.95	64.12	64.72	66.1
SG&A Margin	21.06	20.5	21.5	22.78	25.67
EBITDA Margin %	43.77	47.36	40	38.49	31.53
EBITA Margin %	41.7	45.33	37	35.24	28
EBIT Margin %	41.7	45.33	37	35.24	28
Income From Continuing Operations Margin %	34.3	32.64	27.17	28.54	18.53
Net Income Margin %	34.3	32.64	27.94	28.54	18.53
Net Avail. For Common Margin %	34.3	32.64	27.94	28.54	18.53
Normalized Net Income Margin	28.23	28.28	24.33	24.3	16.8
Levered Free Cash Flow Margin	36.95	43.65	-	-76.31	16.34
Unlevered Free Cash Flow Margin	36.97	43.7	-	-76.02	17.18
Asset Turnover
Asset Turnover	0.31	0.35	-	0.23	0.19
Fixed Assets Turnover	1.37	1.63	-	1.21	1.15
Receivables Turnover (Average Receivables)	5.61	8.26	-	8.43	6.65
Inventory Turnover (Average Inventory)	433.37	425.11	-	553.01	1.42K
Short Term Liquidity
Current Ratio	6.11	6.95	7.31	7.7	10.48
Quick Ratio	3.29	4.34	4.46	2.71	3.96
Operating Cash Flow to Current Liabilities	1.91	2.54	1.43	-1.5	1.55
Days Sales Outstanding (Average Receivables)	65.28	44.21	-	43.41	54.89
Days Outstanding Inventory (Average Inventory)	0.84	0.86	-	0.66	0.26
Average Days Payable Outstanding	18.09	10.25	-	12.66	19.8
Cash Conversion Cycle (Average Days)	48.03	34.82	-	31.42	35.35
Long Term Solvency
Total Debt/Equity	1.08	0.66	0.65	6.67	5.89
Total Debt / Total Capital	1.07	0.66	0.65	6.25	5.57
LT Debt/Equity	0.72	0.32	0.11	5.56	4.78
Long-Term Debt / Total Capital	0.72	0.32	0.11	5.21	4.51
Total Liabilities / Total Assets	9.31	7.82	9.57	13.48	11.72
EBIT / Interest Expense	1.43K	566.21	387.3	77.61	20.9
EBITDA / Interest Expense	1.54K	602.97	432.3	89.42	25.23
(EBITDA - Capex) / Interest Expense	1.46K	587.74	378.44	87.64	23.36
Total Debt / EBITDA	0.07	0.04	0.05	0.73	0.8
Net Debt / EBITDA	-1.57	-1.78	-2.56	-1.06	-1.6
Total Debt / (EBITDA - Capex)	0.07	0.04	0.06	0.74	0.86
Net Debt / (EBITDA - Capex)	-1.65	-1.82	-2.92	-1.08	-1.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.68	18.88	-	0.35	-5.63
Gross Profit, 1 Yr. Growth %	42.88	22.58	-	1.27	-3.62
EBITDA, 1 Yr. Growth %	81.97	19.1	-	-3.44	-29.37
EBITA, 1 Yr. Growth %	90.82	19.26	-	-4.4	-32.04
EBIT, 1 Yr. Growth %	90.82	19.26	-	-4.4	-32.04
Earnings From Cont. Operations, 1 Yr. Growth %	66.36	13.13	-	5.41	-38.72
Net Income, 1 Yr. Growth %	66.36	13.13	-	2.51	-38.72
Normalized Net Income, 1 Yr. Growth %	70.99	19.12	-	0.2	-34.74
Diluted EPS Before Extra, 1 Yr. Growth %	38.41	14	-	-0.48	-42.25
Accounts Receivable, 1 Yr. Growth %	9.34	-45.43	-	48.85	0.04
Inventory, 1 Yr. Growth %	0	27.18	-	-78.63	0
Net Property, Plant and Equip., 1 Yr. Growth %	3.09	-2.99	-	1.84	-2.52
Total Assets, 1 Yr. Growth %	0.94	7.73	-	38.22	-3.99
Tangible Book Value, 1 Yr. Growth %	-4.96	9.91	-	31.02	-3.88
Common Equity, 1 Yr. Growth %	-3.74	8.9	-	32.24	-2.04
Cash From Operations, 1 Yr. Growth %	-174.33	24.71	-	-232.38	-173.68
Capital Expenditures, 1 Yr. Growth %	54.78	-32.76	-	-84.24	191.58
Levered Free Cash Flow, 1 Yr. Growth %	-143.71	32.59	-	-	-120.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-143.75	32.68	-	-	-121.98
Dividend Per Share, 1 Yr. Growth %	50	0	-	49.99	-50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.97	27.47	-	-	-2.69
Gross Profit, 2 Yr. CAGR %	20.82	32.34	-	-	-1.2
EBITDA, 2 Yr. CAGR %	60.67	52.98	-	-	-13.6
EBITA, 2 Yr. CAGR %	70.62	57.05	-	-	-15.34
EBIT, 2 Yr. CAGR %	70.62	57.05	-	-	-15.34
Earnings From Cont. Operations, 2 Yr. CAGR %	27.17	37.19	-	-	-19.63
Net Income, 2 Yr. CAGR %	27.17	37.19	-	-	-20.75
Normalized Net Income, 2 Yr. CAGR %	33.66	42.72	-	-	-19.14
Diluted EPS Before Extra, 2 Yr. CAGR %	33.6	25.61	-	-	-24.19
Accounts Receivable, 2 Yr. CAGR %	5.78	-22.75	-	-	22.03
Inventory, 2 Yr. CAGR %	-27.25	12.77	-	-	-53.77
Net Property, Plant and Equip., 2 Yr. CAGR %	44.63	0	-	-	-0.37
Total Assets, 2 Yr. CAGR %	32.05	4.28	-	-	15.2
Tangible Book Value, 2 Yr. CAGR %	49.7	2.21	-	-	12.22
Common Equity, 2 Yr. CAGR %	40.26	2.38	-	-	13.82
Cash From Operations, 2 Yr. CAGR %	12.05	-3.72	-	-	-1.24
Capital Expenditures, 2 Yr. CAGR %	-72.2	2.01	-	-	-32.22
Levered Free Cash Flow, 2 Yr. CAGR %	-10.46	-21.65	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-10.44	-21.59	-	-	-
Dividend Per Share, 2 Yr. CAGR %	0	22.47	-	-	-13.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.05	17.61	-	-	-
Gross Profit, 3 Yr. CAGR %	11.73	21.4	-	-	-
EBITDA, 3 Yr. CAGR %	17.62	49.18	-	-	-
EBITA, 3 Yr. CAGR %	20.52	55.54	-	-	-
EBIT, 3 Yr. CAGR %	20.52	55.54	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	19.41	22.31	-	-	-
Net Income, 3 Yr. CAGR %	19.41	22.31	-	-	-
Normalized Net Income, 3 Yr. CAGR %	20.44	28.62	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	19.12	26.72	-	-	-
Accounts Receivable, 3 Yr. CAGR %	22.9	-15.16	-	-	-
Inventory, 3 Yr. CAGR %	-2.47	-12.36	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	90.03	26.6	-	-	-
Total Assets, 3 Yr. CAGR %	23.43	23.38	-	-	-
Tangible Book Value, 3 Yr. CAGR %	30.83	35.05	-	-	-
Common Equity, 3 Yr. CAGR %	25.86	28.91	-	-	-
Cash From Operations, 3 Yr. CAGR %	26.17	16.12	-	-	-
Capital Expenditures, 3 Yr. CAGR %	-28.75	-62.68	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	3.02	4.03	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.03	4.07	-	-	-
Dividend Per Share, 3 Yr. CAGR %	6.27	0	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.42	10.67	-	-	-
Gross Profit, 5 Yr. CAGR %	4.49	13.2	-	-	-
EBITDA, 5 Yr. CAGR %	5.29	18.54	-	-	-
EBITA, 5 Yr. CAGR %	7.51	21.96	-	-	-
EBIT, 5 Yr. CAGR %	7.51	21.96	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	7.3	17.69	-	-	-
Net Income, 5 Yr. CAGR %	7.35	16.69	-	-	-
Normalized Net Income, 5 Yr. CAGR %	8.04	18.09	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	0.9	15.71	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-4.11	-0.56	-	-	-
Inventory, 5 Yr. CAGR %	-21.31	2.98	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	6.18	7.27	-	-	-
Total Assets, 5 Yr. CAGR %	13.23	15.76	-	-	-
Tangible Book Value, 5 Yr. CAGR %	19.02	20.05	-	-	-
Common Equity, 5 Yr. CAGR %	16.14	17.32	-	-	-
Cash From Operations, 5 Yr. CAGR %	12.87	14.81	-	-	-
Capital Expenditures, 5 Yr. CAGR %	9.39	21.69	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	19.51	20.62	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	19.52	20.65	-	-	-
Dividend Per Share, 5 Yr. CAGR %	0	8.45	-	-	-