Income Statement In Construction Holdings Limited

Stocks

1500

KYG4752Q1073

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:14 2026-09-25 EDT			5-day change	1st Jan Change
0.3700 ^HKD	+4.23%		+5.71%	+200.81%

06-26	In Construction Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
06-24	In Construction Forecasts Turnaround to Full-Year Profit	MT

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Published financial data: IN CONSTRUCTION HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Revenues	462M	332M	383M	274M	341M
Total Revenues	462M	332M	383M	274M	341M
Cost of Goods Sold, Total	371M	327M	376M	273M	262M
Gross Profit	91.7M	5.24M	7.02M	234K	78.5M
Selling General & Admin Expenses, Total	18.78M	22.31M	20.64M	20.71M	16M
Other Operating Expenses	-903K	-172K	-344K	-1.22M	-5.17M
Other Operating Expenses, Total	17.88M	22.14M	20.3M	19.48M	10.84M
Operating Income	73.82M	-16.9M	-13.28M	-19.25M	67.66M
Interest Expense, Total	-558K	-352K	-146K	-	-
Interest And Investment Income	1.08M	862K	717K	556K	244K
Net Interest Expenses	526K	510K	571K	556K	244K
EBT, Excl. Unusual Items	74.35M	-16.39M	-12.71M	-18.69M	67.91M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	1.07M	-	-	-
EBT, Incl. Unusual Items	74.35M	-15.32M	-12.71M	-18.69M	67.91M
Income Tax Expense	12.15M	5K	144K	218K	3.07M
Earnings From Continuing Operations	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Net Income to Company	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Net Income - (IS)	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Net Income to Common Incl Extra Items	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Net Income to Common Excl. Extra Items	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Per Share Items
Net EPS - Basic	0.07	-0.02	-0.02	-0.02	0.08
Basic EPS - Continuing Operations	0.07	-0.02	-0.02	-0.02	0.08
Basic Weighted Average Shares Outstanding	830M	830M	830M	830M	830M
Net EPS - Diluted	0.07	-0.02	-0.02	-0.02	0.08
Diluted EPS - Continuing Operations	0.07	-0.02	-0.02	-0.02	0.08
Diluted Weighted Average Shares Outstanding	830M	830M	830M	830M	830M
Normalized Basic EPS	0.06	-0.01	-0.01	-0.01	0.05
Normalized Diluted EPS	0.06	-0.01	-0.01	-0.01	0.05
Dividend Per Share	0.06	-	-	-	-
Payout Ratio	40.04	-162.44	-	-	-
Supplemental Items
EBITDA	73.97M	-16.79M	-13.18M	-19.12M	67.76M
EBITA	73.82M	-16.9M	-13.28M	-19.25M	67.66M
EBIT	73.82M	-16.9M	-13.28M	-19.25M	67.66M
EBITDAR	75.2M	-15.56M	-11.95M	-17.89M	68.99M
Effective Tax Rate - (Ratio)	16.35	-0.03	-1.13	-1.17	4.52
Current Domestic Taxes	12.12M	-1K	159K	167K	3.17M
Total Current Taxes	12.12M	-1K	159K	167K	3.17M
Deferred Domestic Taxes	34K	6K	-15K	51K	-97K
Total Deferred Taxes	34K	6K	-15K	51K	-97K
Normalized Net Income	46.47M	-10.24M	-7.94M	-11.68M	42.44M
Interest on Long-Term Debt	551K	352K	146K	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	18.78M	22.31M	20.64M	20.71M	16M
Net Rental Expense, Total	1.23M	1.23M	1.23M	1.23M	1.23M
Imputed Operating Lease Interest Expense	214K	167K	91.72K	-	-
Imputed Operating Lease Depreciation	1.02M	1.07M	1.14M	-	-

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Assets
Cash And Equivalents	148M	112M	78.56M	73M	87.06M
Short Term Investments	2.03M	6.7M	1.94M	1.13M	1.08M
Total Cash And Short Term Investments	150M	119M	80.51M	74.13M	88.14M
Accounts Receivable, Total	253M	237M	291M	280M	305M
Other Receivables	30K	13.31M	11K	-	-
Total Receivables	253M	251M	291M	280M	305M
Inventory	4.87M	2.31M	18.4M	11.1M	554K
Other Current Assets, Total	2.42M	1.33M	5.16M	3.83M	3.83M
Total Current Assets	410M	373M	395M	369M	398M
Gross Property Plant And Equipment	6.13M	6.13M	6.13M	5.74M	5.74M
Accumulated Depreciation	-5.88M	-5.99M	-6.1M	-5.52M	-5.62M
Net Property Plant And Equipment	245K	134K	33K	220K	127K
Accounts Receivable Long-Term	5.32M	65K	-	-	-
Deferred Tax Assets Long-Term	232K	226K	241K	190K	287K
Total Assets	416M	373M	395M	369M	398M
Liabilities
Accounts Payable, Total	56.03M	52.24M	59.88M	48.76M	38.2M
Short-term Borrowings	13M	13M	13M	13M	-
Current Portion of Leases	5.02M	5.25M	65K	-	-
Current Income Taxes Payable	6.62M	-	-	15K	2.99M
Unearned Revenue Current, Total	-	-	6.73M	13.04M	25.98M
Other Current Liabilities	15.61M	28.39M	54.01M	51.59M	23.45M
Total Current Liabilities	96.27M	98.87M	134M	126M	90.62M
Long-Term Leases	5.31M	65K	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	102M	98.94M	134M	126M	90.62M
Common Stock, Total	8.3M	8.3M	8.3M	8.3M	8.3M
Additional Paid In Capital	75.45M	75.45M	75.45M	75.45M	75.45M
Retained Earnings	267M	227M	214M	195M	260M
Comprehensive Income and Other	-35.95M	-35.95M	-35.95M	-35.95M	-35.95M
Total Common Equity	315M	274M	262M	243M	308M
Total Equity	315M	274M	262M	243M	308M
Total Liabilities And Equity	416M	373M	395M	369M	398M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	830M	830M	830M	830M	830M
ECS Total Common Shares Outstanding	830M	830M	830M	830M	830M
Book Value / Share	0.38	0.33	0.32	0.29	0.37
Tangible Book Value	315M	274M	262M	243M	308M
Tangible Book Value Per Share	0.38	0.33	0.32	0.29	0.37
Total Debt	23.33M	18.31M	13.06M	13M	0
Net Debt	-126M	-100M	-67.44M	-61.13M	-88.14M
Debt Equivalent Oper. Leases	9.86M	9.86M	9.86M	9.86M	9.86M
Account Code - Inventory Valuation	5	5	5	5	5
Machinery, Total	5.13M	5.13M	5.13M	4.75M	4.75M
Full Time Employees	51	53	48	47	36
Order Backlog	569M	427M	691M	416M	53M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Net Income	62.19M	-15.33M	-12.86M	-18.91M	64.84M
Depreciation & Amortization - CF	152K	111K	101K	126K	93K
Depreciation & Amortization, Total	152K	111K	101K	126K	93K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Provision and Write-off of Bad Debts	-95K	-81K	55K	1.34M	-918K
Other Operating Activities, Total	5.38M	-20.41M	12.71M	-479K	2.64M
Change In Accounts Receivable	37.23M	12.83M	-57.98M	12.04M	-24.61M
Change In Inventories	-3.77M	2.57M	-16.09M	7.3M	10.54M
Change In Accounts Payable	16.6M	8.99M	33.27M	6.31M	-38.7M
Change in Unearned Revenues	-1.24M	-	6.73M	-13.54M	12.93M
Cash from Operations	116M	-11.32M	-34.06M	-5.81M	26.82M
Capital Expenditure	-306K	-	-	-313K	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-57K	10.06M	5.74M	2.92M	374K
Cash from Investing	-363K	10.06M	5.74M	2.61M	374K
Short Term Debt Issued, Total	10M	-	-	-	-
Total Debt Issued	10M	-	-	-	-
Short Term Debt Repaid, Total	-10M	-	-	-	-13M
Long-Term Debt Repaid, Total	-4.82M	-5.02M	-5.25M	-65K	-
Total Debt Repaid	-14.82M	-5.02M	-5.25M	-65K	-13M
Common Dividends Paid	-24.9M	-24.9M	-	-	-
Common & Preferred Stock Dividends Paid	-24.9M	-24.9M	-	-	-
Other Financing Activities, Total	-558K	-347K	-146K	-	-
Cash from Financing	-30.27M	-30.27M	-5.39M	-65K	-13M
Net Change in Cash	85.8M	-31.53M	-33.71M	-3.26M	14.19M
Supplemental Items
Cash Interest Paid	558K	347K	146K	-	-
Cash Income Tax Paid (Refund)	6.24M	19.9M	-13.14M	141K	189K
Levered Free Cash Flow	99.72M	-1.83M	-28.58M	517K	4.56M
Unlevered Free Cash Flow	100M	-1.61M	-28.49M	517K	4.56M
Change In Net Working Capital	-54.09M	-8.85M	20.29M	-12.74M	37.82M
Net Debt Issued / Repaid	-4.82M	-5.02M	-5.25M	-65K	-13M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Profitability
Return on Assets	11.85	-2.68	-2.16	-3.15	11.02
Return on Total Capital	14.34	-3.35	-2.93	-4.54	15.02
Return On Equity %	21.01	-5.2	-4.8	-7.5	23.57
Return on Common Equity	21.01	-5.2	-4.8	-7.5	23.57
Margin Analysis
Gross Profit Margin %	19.84	1.58	1.83	0.09	23.04
SG&A Margin	4.06	6.71	5.39	7.57	4.7
EBITDA Margin %	16	-5.05	-3.44	-6.99	19.89
EBITA Margin %	15.97	-5.08	-3.47	-7.04	19.86
EBIT Margin %	15.97	-5.08	-3.47	-7.04	19.86
Income From Continuing Operations Margin %	13.45	-4.61	-3.36	-6.91	19.03
Net Income Margin %	13.45	-4.61	-3.36	-6.91	19.03
Net Avail. For Common Margin %	13.45	-4.61	-3.36	-6.91	19.03
Normalized Net Income Margin	10.05	-3.08	-2.07	-4.27	12.46
Levered Free Cash Flow Margin	21.57	-0.55	-7.46	0.19	1.34
Unlevered Free Cash Flow Margin	21.65	-0.48	-7.44	0.19	1.34
Asset Turnover
Asset Turnover	1.19	0.84	1	0.72	0.89
Fixed Assets Turnover	2.75K	1.75K	4.59K	2.16K	1.96K
Receivables Turnover (Average Receivables)	1.77	1.35	1.45	0.96	1.17
Inventory Turnover (Average Inventory)	124.14	91.14	36.33	18.54	45.01
Short Term Liquidity
Current Ratio	4.26	3.77	2.95	2.92	4.39
Quick Ratio	4.19	3.74	2.78	2.8	4.34
Operating Cash Flow to Current Liabilities	1.21	-0.11	-0.25	-0.05	0.3
Days Sales Outstanding (Average Receivables)	206.62	269.4	252.29	380.56	313.29
Days Outstanding Inventory (Average Inventory)	2.94	4	10.07	19.69	8.11
Average Days Payable Outstanding	48.7	60.88	52.32	74.52	63.07
Cash Conversion Cycle (Average Days)	160.85	212.52	210.05	325.72	258.32
Long Term Solvency
Total Debt/Equity	7.41	6.67	4.99	5.36	-
Total Debt / Total Capital	6.9	6.25	4.76	5.08	-
LT Debt/Equity	1.69	0.02	-	-	-
Long-Term Debt / Total Capital	1.57	0.02	-	-	-
Total Liabilities / Total Assets	24.4	26.5	33.82	34.25	22.76
EBIT / Interest Expense	132.29	-48.01	-90.97	-	-
EBITDA / Interest Expense	132.57	-47.7	-90.28	-	-
(EBITDA - Capex) / Interest Expense	132.02	-47.7	-90.28	-	-
Total Debt / EBITDA	0.32	-1.09	-0.99	-0.68	-
Net Debt / EBITDA	-1.71	5.98	5.12	3.2	-1.3
Total Debt / (EBITDA - Capex)	0.32	-1.09	-0.99	-0.67	-
Net Debt / (EBITDA - Capex)	-1.72	5.98	5.12	3.15	-1.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.03	-28.1	15.27	-28.58	24.51
Gross Profit, 1 Yr. Growth %	62.05	-94.29	33.89	-96.66	33.45K
EBITDA, 1 Yr. Growth %	140.16	-122.7	-21.49	45.08	-454.31
EBITA, 1 Yr. Growth %	140.48	-122.89	-21.41	44.93	-451.51
EBIT, 1 Yr. Growth %	140.48	-122.89	-21.41	44.93	-451.51
Earnings From Cont. Operations, 1 Yr. Growth %	116.67	-124.65	-16.14	47.11	-442.85
Net Income, 1 Yr. Growth %	116.67	-124.65	-16.14	47.11	-442.85
Normalized Net Income, 1 Yr. Growth %	137.92	-122.05	-22.45	47.06	-463.27
Diluted EPS Before Extra, 1 Yr. Growth %	116.68	-124.65	-16.14	47.12	-442.85
Accounts Receivable, 1 Yr. Growth %	-6.16	-6.35	22.62	-3.89	9.15
Inventory, 1 Yr. Growth %	343.72	-52.67	697.88	-39.7	-95.01
Net Property, Plant and Equip., 1 Yr. Growth %	169.23	-45.31	-75.37	566.67	-42.27
Total Assets, 1 Yr. Growth %	14.82	-10.3	5.86	-6.63	7.87
Tangible Book Value, 1 Yr. Growth %	13.44	-12.78	-4.68	-7.23	26.72
Common Equity, 1 Yr. Growth %	13.44	-12.78	-4.68	-7.23	26.72
Cash From Operations, 1 Yr. Growth %	442.43	-109.72	200.95	-82.95	-561.65
Capital Expenditures, 1 Yr. Growth %	2.68K	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	2.21K	-101.83	1.47K	-101.81	781.32
Unlevered Free Cash Flow, 1 Yr. Growth %	1.95K	-101.6	1.67K	-101.82	781.32
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.33	-6.33	-8.96	-9.27	-5.7
Gross Profit, 2 Yr. CAGR %	87.11	-69.57	-72.34	-78.87	234.49
EBITDA, 2 Yr. CAGR %	312.8	-26.17	-57.79	6.72	126.72
EBITA, 2 Yr. CAGR %	325.05	-25.8	-57.58	6.72	125.7
EBIT, 2 Yr. CAGR %	325.05	-25.8	-57.58	6.72	125.7
Earnings From Cont. Operations, 2 Yr. CAGR %	306.86	-26.92	-54.54	11.07	124.58
Net Income, 2 Yr. CAGR %	306.86	-26.92	-54.54	11.07	124.58
Normalized Net Income, 2 Yr. CAGR %	314.03	-27.58	-58.65	6.79	131.13
Diluted EPS Before Extra, 2 Yr. CAGR %	306.88	-26.92	-54.54	11.07	124.59
Accounts Receivable, 2 Yr. CAGR %	-5.75	-6.26	7.16	8.56	2.42
Inventory, 2 Yr. CAGR %	136.92	44.92	94.33	119.35	-82.65
Net Property, Plant and Equip., 2 Yr. CAGR %	15.39	21.35	-63.3	28.13	96.18
Total Assets, 2 Yr. CAGR %	3.33	1.49	-2.55	-0.58	0.36
Tangible Book Value, 2 Yr. CAGR %	12.49	-0.53	-8.82	-5.97	8.42
Common Equity, 2 Yr. CAGR %	12.49	-0.53	-8.82	-5.97	8.42
Cash From Operations, 2 Yr. CAGR %	126.79	-27.38	-45.91	-28.36	-11.27
Capital Expenditures, 2 Yr. CAGR %	191.55	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	103.26	-34.9	-46.46	-46.76	-60.06
Unlevered Free Cash Flow, 2 Yr. CAGR %	106.96	-42.61	-46.64	-43.23	-59.99
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.85	-5.51	0.38	-16.04	0.83
Gross Profit, 3 Yr. CAGR %	44.16	-41.51	-50.14	-86.34	146.51
EBITDA, 3 Yr. CAGR %	59.03	56.97	-24.64	-36.3	59.21
EBITA, 3 Yr. CAGR %	77.09	60.52	-24.37	-36.11	58.79
EBIT, 3 Yr. CAGR %	77.09	60.52	-24.37	-36.11	58.79
Earnings From Cont. Operations, 3 Yr. CAGR %	80.54	59.79	-23.49	-32.76	61.72
Net Income, 3 Yr. CAGR %	80.54	59.79	-23.49	-32.76	61.72
Normalized Net Income, 3 Yr. CAGR %	74.67	55.76	-25.91	-36.88	60.61
Diluted EPS Before Extra, 3 Yr. CAGR %	80.54	59.8	-23.49	-32.76	61.72
Accounts Receivable, 3 Yr. CAGR %	1.89	-5.95	2.52	3.34	8.76
Inventory, 3 Yr. CAGR %	47.64	38.5	155.9	31.56	-37.83
Net Property, Plant and Equip., 3 Yr. CAGR %	-15.29	-10.03	-28.69	-3.52	-1.77
Total Assets, 3 Yr. CAGR %	6.54	-1.43	2.92	-3.93	2.16
Tangible Book Value, 3 Yr. CAGR %	8.71	3.34	-1.94	-8.3	3.87
Common Equity, 3 Yr. CAGR %	8.71	3.34	-1.94	-8.3	3.87
Cash From Operations, 3 Yr. CAGR %	63.92	-20.63	16.64	-63.19	33.31
Capital Expenditures, 3 Yr. CAGR %	82.92	-	-	0.76	-
Levered Free Cash Flow, 3 Yr. CAGR %	12.3	-57.71	87.91	-82.69	35.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.46	-59.04	80.13	-82.71	41.62
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.54	2.92	4.66	-7.03	-2.1
Gross Profit, 5 Yr. CAGR %	-8.75	-32.15	-25.52	-61.08	6.76
EBITDA, 5 Yr. CAGR %	-11.15	-12.51	-6.45	34.52	17.08
EBITA, 5 Yr. CAGR %	-10.3	-8.69	-0.01	36.34	17.12
EBIT, 5 Yr. CAGR %	-10.3	-8.69	-0.01	36.34	17.12
Earnings From Cont. Operations, 5 Yr. CAGR %	-10.23	-7.81	3.99	38.16	17.7
Net Income, 5 Yr. CAGR %	-10.23	-7.81	3.99	38.16	17.7
Normalized Net Income, 5 Yr. CAGR %	-10.27	-9.73	-1.85	33.94	16.79
Diluted EPS Before Extra, 5 Yr. CAGR %	-10.23	-7.81	3.99	38.16	17.7
Accounts Receivable, 5 Yr. CAGR %	-1.54	6.61	3.96	-0.39	2.48
Inventory, 5 Yr. CAGR %	-	-	64.79	66.46	-12.79
Net Property, Plant and Equip., 5 Yr. CAGR %	-58.84	-59.94	-39.38	3.64	6.89
Total Assets, 5 Yr. CAGR %	0.26	3.15	2.81	-1.09	1.89
Tangible Book Value, 5 Yr. CAGR %	-0.75	2.56	1.33	-0.49	2.08
Common Equity, 5 Yr. CAGR %	-0.75	2.56	1.33	-0.49	2.08
Cash From Operations, 5 Yr. CAGR %	56.2	-32.76	5.2	-23.82	4.55
Capital Expenditures, 5 Yr. CAGR %	56.11	-	-	54.12	-
Levered Free Cash Flow, 5 Yr. CAGR %	23.27	-55.77	-16.5	-53.63	1.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.47	-56.9	-16.54	-53.33	-1.33
Dividend Per Share, 5 Yr. CAGR %	-21.4	-	-	-	-