Income Statement Leform

Stocks

0266

MYQ0266OO005

Iron & Steel

Market Closed - BURSA MALAYSIA 04:50:02 2026-09-29 EDT			5-day change	1st Jan Change
0.1700 ^MYR	0.00%		0.00%	-2.86%

08-27	Leform Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-26	Leform Berhad Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: LEFORM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	374M	373M	370M	404M	323M
Total Revenues	374M	373M	370M	404M	323M
Cost of Goods Sold, Total	294M	359M	357M	379M	304M
Gross Profit	79.89M	14.45M	13.24M	24.93M	19.17M
Selling General & Admin Expenses, Total	13.51M	15.47M	15.96M	14.61M	13.26M
Provision for Bad Debts	108K	399K	1.32M	-737K	310K
Other Operating Expenses	3.38M	3.76M	3.74M	3.4M	690K
Other Operating Expenses, Total	17M	19.63M	21.03M	17.28M	14.26M
Operating Income	62.89M	-5.18M	-7.79M	7.65M	4.91M
Interest Expense, Total	-5.88M	-8.69M	-12.66M	-11.29M	-9.55M
Interest And Investment Income	223K	276K	-	-	261K
Net Interest Expenses	-5.66M	-8.42M	-12.66M	-11.29M	-9.29M
Currency Exchange Gains (Loss)	169K	-	-	-	-
Other Non Operating Income (Expenses)	4.23M	10.3M	12.16M	5.27M	-
EBT, Excl. Unusual Items	61.63M	-3.3M	-8.3M	1.63M	-4.38M
Impairment of Goodwill	-	-	-	-	-925K
Gain (Loss) On Sale Of Assets	1.01M	-	-	-	-
Asset Writedown	-770K	-	-	-	-
EBT, Incl. Unusual Items	61.87M	-3.3M	-8.3M	1.63M	-5.3M
Income Tax Expense	16.46M	3.99M	-3.16M	204K	324K
Earnings From Continuing Operations	45.41M	-7.28M	-5.14M	1.43M	-5.62M
Earnings Of Discontinued Operations	78.45K	-	-	-	-
Net Income to Company	45.49M	-7.28M	-5.14M	1.43M	-5.62M
Minority Interest	-915K	22K	181K	993K	372K
Net Income - (IS)	44.57M	-7.26M	-4.96M	2.42M	-5.25M
Net Income to Common Incl Extra Items	44.57M	-7.26M	-4.96M	2.42M	-5.25M
Net Income to Common Excl. Extra Items	44.49M	-7.26M	-4.96M	2.42M	-5.25M
Per Share Items
Net EPS - Basic	0.04	-0.01	-0	0	-0
Basic EPS - Continuing Operations	0.04	-0.01	-0	0	-0
Basic Weighted Average Shares Outstanding	1.17B	1.2B	1.48B	1.48B	1.48B
Net EPS - Diluted	0.04	-0.01	-0	0	-0
Diluted EPS - Continuing Operations	0.04	-0.01	-0	0	-0
Diluted Weighted Average Shares Outstanding	1.17B	1.2B	1.48B	1.48B	1.48B
Normalized Basic EPS	0.03	-0	-0	0	-0
Normalized Diluted EPS	0.03	-0	-0	0	-0
Payout Ratio	7.85	-5.51	-268.73	-	-
Supplemental Items
EBITDA	68.34M	386K	-133K	15.03M	13.12M
EBITA	62.89M	-5.18M	-7.79M	7.65M	4.91M
EBIT	62.89M	-5.18M	-7.79M	7.65M	4.91M
EBITDAR	68.44M	-	-	-	-
Effective Tax Rate - (Ratio)	26.61	-120.97	38.03	12.5	-6.11
Total Current Taxes	17.07M	4.02M	-1.16M	2.25M	306K
Total Deferred Taxes	-678K	-35K	-2M	2M	18K
Normalized Net Income	37.6M	-2.04M	-5M	2.01M	-2.36M
Interest on Long-Term Debt	1.04M	1.63M	89K	-	-
Supplemental Operating Expense Items
Marketing Expenses	103K	-	-	-	-
Selling and Marketing Expenses	103K	-	-	-	-
General and Administrative Expenses	13.41M	15.47M	15.96M	14.61M	13.26M
Net Rental Expense, Total	109K	-	-	-	-
Imputed Operating Lease Interest Expense	29.93K	-	-	-	-
Imputed Operating Lease Depreciation	79.07K	-	-	-	-

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	42.45M	35.87M	18.1M	4.14M	3.69M
Short Term Investments	-	15.72M	354K	1.04M	1.11M
Total Cash And Short Term Investments	42.45M	51.59M	18.45M	5.18M	4.8M
Accounts Receivable, Total	62.96M	78.34M	94.08M	88.86M	69.75M
Other Receivables	931K	8.54M	13.02M	11.86M	12.75M
Total Receivables	63.89M	86.87M	107M	101M	82.5M
Inventory	115M	230M	164M	147M	123M
Prepaid Expenses	16.73M	2.56M	2.23M	16.24M	4.87M
Other Current Assets, Total	10.78M	603K	7.31M	7.58M	9.59M
Total Current Assets	249M	371M	299M	277M	225M
Gross Property Plant And Equipment	192M	207M	230M	260M	276M
Accumulated Depreciation	-64.02M	-74.56M	-85.04M	-91.93M	-97.66M
Net Property Plant And Equipment	128M	132M	145M	168M	178M
Goodwill	2.7M	2.7M	2.7M	2.7M	1.78M
Other Long-Term Assets, Total	9.98M	9.76M	9.53M	9.31M	9.08M
Total Assets	390M	516M	457M	457M	414M
Liabilities
Accounts Payable, Total	22M	52.92M	28.67M	44.16M	32M
Accrued Expenses, Total	2.22M	2.64M	4.75M	6.85M	2.51M
Short-term Borrowings	139M	174M	182M	162M	102M
Current Portion of Long-Term Debt	6.1M	7.48M	3.09M	328K	35.55M
Current Portion of Leases	2.24M	1.31M	749K	1.16M	4.26M
Current Income Taxes Payable	1.79M	69K	17K	12K	50K
Unearned Revenue Current, Total	-	-	313K	-	-
Other Current Liabilities	4.59M	2.43M	5.47M	2.33M	1.9M
Total Current Liabilities	178M	241M	225M	217M	178M
Long-Term Debt	29.04M	27.64M	5.72M	5.39M	5.07M
Long-Term Leases	2.42M	1.4M	649K	3.88M	6.31M
Deferred Tax Liability Non Current	10.99M	11.4M	9.4M	9.75M	9.77M
Total Liabilities	220M	282M	241M	236M	199M
Common Stock, Total	6.5M	147M	147M	147M	147M
Retained Earnings	118M	39.47M	21.18M	23.6M	18.35M
Comprehensive Income and Other	42.34M	45.73M	45.73M	49.33M	49.33M
Total Common Equity	167M	232M	214M	220M	215M
Minority Interest	2.74M	2.32M	2.14M	1.05M	676K
Total Equity	170M	234M	216M	221M	215M
Total Liabilities And Equity	390M	516M	457M	457M	414M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.17B	1.48B	1.48B	1.48B	1.63B
ECS Total Common Shares Outstanding	1.17B	1.48B	1.48B	1.48B	1.48B
Book Value / Share	0.14	0.16	0.14	0.15	0.14
Tangible Book Value	164M	229M	211M	217M	213M
Tangible Book Value Per Share	0.14	0.15	0.14	0.15	0.14
Total Debt	179M	212M	192M	173M	153M
Net Debt	136M	161M	174M	168M	148M
Debt Equivalent Oper. Leases	872K	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	2.74M	2.32M	2.14M	1.05M	676K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	77.63M	158M	92.58M	75.93M	83.27M
Inventories - Finished Goods, Total	37.76M	70.77M	63.24M	71.78M	40.54M
Land - (BS)	104M	116M	116M	120M	120M
Buildings, Total	249K	406K	618K	618K	618K
Machinery, Total	65.82M	81.52M	91.66M	98.64M	113M
Full Time Employees	202	-	273	218	-
Accumulated Allowance for Doubtful Accounts (Supple)	108K	507K	1.21M	474K	784K

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	44.57M	-7.26M	-4.96M	2.42M	-5.25M
Depreciation & Amortization - CF	8.64M	7.92M	7.66M	7.41M	8.26M
Depreciation & Amortization, Total	8.64M	7.92M	7.66M	7.41M	8.26M
(Gain) Loss From Sale Of Asset	-1.01M	-1.5M	-1.62M	-149K	-451K
Asset Writedown & Restructuring Costs	770K	-	-	-	925K
Provision and Write-off of Bad Debts	138K	399K	1.32M	-737K	310K
Net Cash From Discontinued Operations	86.11K	-	-	-	-
Other Operating Activities, Total	10.96M	5.25M	5.41M	9.48M	9.76M
Change In Accounts Receivable	18.36M	-2.18M	-24.42M	1.85M	28.28M
Change In Inventories	-32.46M	-120M	74.12M	9.39M	23.9M
Change In Accounts Payable	-12.74M	29.52M	-23.21M	18.14M	-16.93M
Change in Other Net Operating Assets	-591K	-	4.01M	-1.1M	505K
Cash from Operations	36.72M	-88.08M	38.31M	46.7M	49.31M
Capital Expenditure	-2.37M	-8.84M	-20.17M	-17.66M	-10.7M
Sale of Property, Plant, and Equipment	7M	2.75M	70K	149K	514K
Divestitures	1.19M	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Other Investing Activities, Total	-811K	-15.58M	10.32M	-4.91M	-1.74M
Cash from Investing	5.01M	-21.66M	-9.79M	-22.42M	-11.93M
Short Term Debt Issued, Total	25.16M	28.12M	25.29M	214M	118M
Long-Term Debt Issued, Total	15.87M	-	-	-	35.24M
Total Debt Issued	41.04M	28.12M	25.29M	214M	153M
Short Term Debt Repaid, Total	-22.6M	-	-16.42M	-	-
Long-Term Debt Repaid, Total	-3.56M	-2.27M	-27.63M	-252M	-249M
Total Debt Repaid	-26.16M	-2.27M	-44.05M	-252M	-249M
Issuance of Common Stock	-	71.53M	-	-	-
Common Dividends Paid	-3.5M	-400K	-13.33M	-	-
Common & Preferred Stock Dividends Paid	-3.5M	-400K	-13.33M	-	-
Other Financing Activities, Total	-5.96M	-11.32M	-12.66M	-4.14M	52.18M
Cash from Financing	5.42M	85.67M	-44.75M	-41.6M	-43.39M
Net Change in Cash	47.15M	-24.08M	-16.23M	-17.32M	-6M
Supplemental Items
Cash Interest Paid	5.96M	8.69M	12.66M	11.29M	9.55M
Cash Income Tax Paid (Refund)	12.76M	13.56M	2.43M	151K	-651K
Levered Free Cash Flow	15.99M	-106M	-5.14M	9.5M	29.13M
Unlevered Free Cash Flow	19.67M	-100M	2.77M	16.56M	35.1M
Change In Net Working Capital	25.9M	96.23M	-20.16M	-22.03M	-34.46M
Net Debt Issued / Repaid	14.87M	25.85M	-18.76M	-37.46M	-95.57M

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	10.65	-0.71	-1	1.05	0.7
Return on Total Capital	12.31	-0.81	-1.14	1.19	0.81
Return On Equity %	30.73	-3.6	-2.28	0.65	-2.58
Return on Common Equity	30.6	-3.64	-2.22	1.12	-2.42
Margin Analysis
Gross Profit Margin %	21.36	3.87	3.58	6.16	5.94
SG&A Margin	3.61	4.14	4.31	3.61	4.11
EBITDA Margin %	18.27	0.1	-0.04	3.72	4.07
EBITA Margin %	16.82	-1.39	-2.1	1.89	1.52
EBIT Margin %	16.82	-1.39	-2.1	1.89	1.52
Income From Continuing Operations Margin %	12.14	-1.95	-1.39	0.35	-1.74
Net Income Margin %	11.92	-1.94	-1.34	0.6	-1.63
Net Avail. For Common Margin %	11.9	-1.94	-1.34	0.6	-1.63
Normalized Net Income Margin	10.06	-0.55	-1.35	0.5	-0.73
Levered Free Cash Flow Margin	4.28	-28.33	-1.39	2.35	9.02
Unlevered Free Cash Flow Margin	5.26	-26.88	0.75	4.09	10.87
Asset Turnover
Asset Turnover	1.01	0.82	0.76	0.89	0.74
Fixed Assets Turnover	2.93	2.87	2.67	2.58	1.86
Receivables Turnover (Average Receivables)	4.97	5.29	4.29	4.42	4.07
Inventory Turnover (Average Inventory)	2.9	2	1.81	2.51	2.25
Short Term Liquidity
Current Ratio	1.4	1.54	1.33	1.28	1.27
Quick Ratio	0.6	0.57	0.56	0.49	0.49
Operating Cash Flow to Current Liabilities	0.21	-0.37	0.17	0.22	0.28
Days Sales Outstanding (Average Receivables)	73.41	69.05	85.04	82.79	89.67
Days Outstanding Inventory (Average Inventory)	126.01	182.9	201.46	146.09	162.54
Average Days Payable Outstanding	37.29	29.81	51.14	35.95	49.66
Cash Conversion Cycle (Average Days)	162.13	222.14	235.36	192.93	202.55
Long Term Solvency
Total Debt/Equity	105.19	90.55	88.89	78.27	71
Total Debt / Total Capital	51.26	47.52	47.06	43.91	41.52
LT Debt/Equity	18.52	12.39	2.95	4.2	5.29
Long-Term Debt / Total Capital	9.03	6.5	1.56	2.36	3.09
Total Liabilities / Total Assets	56.46	54.58	52.7	51.65	48.04
EBIT / Interest Expense	10.69	-0.6	-0.62	0.68	0.51
EBITDA / Interest Expense	12.16	0.32	-0.01	1.33	1.38
(EBITDA - Capex) / Interest Expense	11.75	-0.7	-1.6	-0.23	0.26
Total Debt / EBITDA	2.5	77.33	-1.44K	11.48	11.6
Net Debt / EBITDA	1.9	58.54	-1.3K	11.14	11.24
Total Debt / (EBITDA - Capex)	2.58	-34.85	-9.45	-66.52	61.7
Net Debt / (EBITDA - Capex)	1.97	-26.38	-8.54	-64.53	59.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.43	-0.14	-0.92	9.29	-20.17
Gross Profit, 1 Yr. Growth %	156.06	-81.91	-8.37	88.25	-23.1
EBITDA, 1 Yr. Growth %	223.87	-99.41	-104.85	-11.4K	-34.71
EBITA, 1 Yr. Growth %	272.79	-108.58	50.43	-198.25	-61.41
EBIT, 1 Yr. Growth %	272.79	-108.58	50.43	-198.25	-61.41
Earnings From Cont. Operations, 1 Yr. Growth %	536.29	-116.03	-29.39	-127.78	-493.91
Net Income, 1 Yr. Growth %	555.32	-116.29	-31.67	-148.81	-316.98
Normalized Net Income, 1 Yr. Growth %	547.21	-105.35	145.61	-140.23	-217.39
Diluted EPS Before Extra, 1 Yr. Growth %	579.09	-116.05	-45.1	-148.79	-317.01
Accounts Receivable, 1 Yr. Growth %	-28.01	24.42	20.1	-5.55	-21.5
Inventory, 1 Yr. Growth %	31.64	76.61	-28.55	-5.59	-16.16
Net Property, Plant and Equip., 1 Yr. Growth %	0.59	3.34	9.63	15.8	6.14
Total Assets, 1 Yr. Growth %	11.94	32.34	-11.55	0.07	-9.32
Tangible Book Value, 1 Yr. Growth %	35.86	39.57	-7.97	2.85	-1.99
Common Equity, 1 Yr. Growth %	35.04	38.93	-7.88	2.81	-2.39
Cash From Operations, 1 Yr. Growth %	0.56	-339.87	-143.3	21.91	5.58
Capital Expenditures, 1 Yr. Growth %	-32.5	272.51	122.11	-12.47	-39.42
Levered Free Cash Flow, 1 Yr. Growth %	-7.91	-521.16	-95.15	-341.4	129.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-14.75	-447.99	-102.75	316.36	77.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.18	2.61	-0.53	4.06	-6.6
Gross Profit, 2 Yr. CAGR %	93.7	-31.94	-59.29	31.33	20.32
EBITDA, 2 Yr. CAGR %	157.83	-86.47	-95.51	133.99	893.32
EBITA, 2 Yr. CAGR %	238.9	-44.61	-64.08	21.58	-20.6
EBIT, 2 Yr. CAGR %	238.9	-44.61	-64.08	21.58	-20.6
Earnings From Cont. Operations, 2 Yr. CAGR %	427.65	1.01	-66.35	-55.71	4.6
Net Income, 2 Yr. CAGR %	436.65	3.31	-66.64	-42.25	2.91
Normalized Net Income, 2 Yr. CAGR %	630.18	-40.78	-63.75	-0.6	-31.28
Diluted EPS Before Extra, 2 Yr. CAGR %	411.07	4.37	-70.31	-48.24	2.9
Accounts Receivable, 2 Yr. CAGR %	8.26	-5.36	22.24	6.5	-13.9
Inventory, 2 Yr. CAGR %	-9.72	61.88	12.33	-19.98	-11.04
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.15	1.96	6.44	12.67	10.86
Total Assets, 2 Yr. CAGR %	4.14	21.72	8.19	-5.92	-4.74
Tangible Book Value, 2 Yr. CAGR %	18.94	37.7	13.33	-2.71	0.4
Common Equity, 2 Yr. CAGR %	18.53	36.97	13.13	-2.68	0.18
Cash From Operations, 2 Yr. CAGR %	83.65	55.31	2.14	-27.35	13.45
Capital Expenditures, 2 Yr. CAGR %	14.61	58.57	191.63	39.43	-27.18
Levered Free Cash Flow, 2 Yr. CAGR %	-	146.83	-54.75	-70.06	172
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	108.58	-69.01	-59.44	197.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	2.72	1.42	2.64	-4.74
Gross Profit, 3 Yr. CAGR %	-	-12.12	-24.85	-32.17	9.87
EBITDA, 3 Yr. CAGR %	-	-66.51	-81.53	-38.88	68.46
EBITA, 3 Yr. CAGR %	-	-1.85	-22.72	-49.77	-1.75
EBIT, 3 Yr. CAGR %	-	-1.85	-22.72	-49.77	-1.75
Earnings From Cont. Operations, 3 Yr. CAGR %	-	64.66	-10.36	-68.44	-8.24
Net Income, 3 Yr. CAGR %	-	67.39	-9.99	-62.13	-10.22
Normalized Net Income, 3 Yr. CAGR %	-	42.42	-4.86	-62.47	5.07
Diluted EPS Before Extra, 3 Yr. CAGR %	-	61.21	-15.75	-64.97	-16.54
Accounts Receivable, 3 Yr. CAGR %	-	13.4	2.46	12.17	-3.8
Inventory, 3 Yr. CAGR %	-	17.51	23.25	4.19	-18.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-0.35	4.45	9.47	10.45
Total Assets, 3 Yr. CAGR %	-	12.8	9.43	5.42	-7.06
Tangible Book Value, 3 Yr. CAGR %	-	25.46	20.39	9.73	-2.47
Common Equity, 3 Yr. CAGR %	-	24.98	20.01	9.58	-2.58
Cash From Operations, 3 Yr. CAGR %	-	100.74	1.61	8.35	-17.71
Capital Expenditures, 3 Yr. CAGR %	-	69.77	79.06	95.26	5.6
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-33.34	-27.68	-35
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-50.67	-16.89	-29.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	3.25	-1.87
Gross Profit, 5 Yr. CAGR %	-	-	-	3.2	-9.28
EBITDA, 5 Yr. CAGR %	-	-	-	7.89	-9.06
EBITA, 5 Yr. CAGR %	-	-	-	6.92	-21.88
EBIT, 5 Yr. CAGR %	-	-	-	6.92	-21.88
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-2.62	-4.65
Net Income, 5 Yr. CAGR %	-	-	-	9.36	-5.04
Normalized Net Income, 5 Yr. CAGR %	-	-	-	23.34	-16.47
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	2.33	-8.73
Accounts Receivable, 5 Yr. CAGR %	-	-	-	10.59	-4.42
Inventory, 5 Yr. CAGR %	-	-	-	0.77	7.07
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	4.67	6.97
Total Assets, 5 Yr. CAGR %	-	-	-	4.91	3.53
Tangible Book Value, 5 Yr. CAGR %	-	-	-	13.32	11.96
Common Equity, 5 Yr. CAGR %	-	-	-	13.08	11.64
Cash From Operations, 5 Yr. CAGR %	-	-	-	33.81	6.19
Capital Expenditures, 5 Yr. CAGR %	-	-	-	57.78	24.94
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	10.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	8.75