Income Statement Manforce Group

Stocks

0450

MYQ0450OO005

Employment Services

Market Closed - BURSA MALAYSIA 04:50:05 2026-09-30 EDT			5-day change	1st Jan Change
0.2600 ^MYR	-.--%		+1.96%	+8.33%

07-28	Manforce Group Berhad Reports Earnings Results for the First Quarter Ended May 31, 2026	CI
05-05	Malaysian Shares Extend Gains Ahead of Interest Rate Decision; Feytech's Shares Rise 6%	MT

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Published financial data: MANFORCE GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)	2026 (MYR)
Revenues	73.51M	78.91M	145M	181M	175M
Total Revenues	73.51M	78.91M	145M	181M	175M
Cost of Goods Sold, Total	63.7M	67.92M	124M	152M	149M
Gross Profit	9.81M	10.99M	21.41M	29.27M	26.13M
Selling General & Admin Expenses, Total	8.33M	9.79M	12.09M	14.3M	15.9M
Provision for Bad Debts	-108K	-330K	-	310K	-68.52K
Other Operating Expenses	-1.4M	-464K	-490K	-82.72K	-699K
Other Operating Expenses, Total	6.81M	9M	11.6M	14.52M	15.13M
Operating Income	3M	1.99M	9.81M	14.75M	11M
Interest Expense, Total	-614K	-778K	-1.14M	-1.15M	-1M
Interest And Investment Income	45.3K	72.21K	72.39K	-	-
Net Interest Expenses	-568K	-706K	-1.07M	-1.15M	-1M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	90	-	-	-
Other Non Operating Income (Expenses)	12.92K	9.92K	23.42K	-17.6K	-8.03K
EBT, Excl. Unusual Items	2.44M	1.29M	8.77M	13.58M	9.99M
Gain (Loss) On Sale Of Investments	-20K	-	-	-	-
Gain (Loss) On Sale Of Assets	1.16K	64.31K	26.63K	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	2.43M	1.36M	8.79M	13.58M	9.99M
Income Tax Expense	1.05M	160K	2.53M	3.39M	2.11M
Earnings From Continuing Operations	1.37M	1.2M	6.26M	10.19M	7.88M
Net Income to Company	1.37M	1.2M	6.26M	10.19M	7.88M
Minority Interest	-	-	-	402K	329K
Net Income - (IS)	1.37M	1.2M	6.26M	10.6M	8.21M
Net Income to Common Incl Extra Items	1.37M	1.2M	6.26M	10.6M	8.21M
Net Income to Common Excl. Extra Items	1.37M	1.2M	6.26M	10.6M	8.21M
Per Share Items
Net EPS - Basic	0	0	0.02	0.03	0.03
Basic EPS - Continuing Operations	0	0	0.02	0.03	0.03
Basic Weighted Average Shares Outstanding	320M	320M	320M	320M	320M
Net EPS - Diluted	0	0	0.02	0.03	0.03
Diluted EPS - Continuing Operations	0	0	0.02	0.03	0.03
Diluted Weighted Average Shares Outstanding	320M	320M	320M	320M	320M
Normalized Basic EPS	0	0	0.02	0.03	0.02
Normalized Diluted EPS	0	0	0.02	0.03	0.02
Dividend Per Share	0	-	-	-	-
Payout Ratio	58.22	-	-	-	-
Supplemental Items
EBITDA	3.18M	2.14M	10.05M	14.9M	11.27M
EBITA	3.05M	1.99M	9.81M	14.75M	11M
EBIT	3M	1.99M	9.81M	14.75M	11M
EBITDAR	3.98M	7.61M	15.51M	17.15M	15.67M
Effective Tax Rate - (Ratio)	43.36	11.76	28.8	24.93	21.16
Total Current Taxes	1.05M	160K	2.53M	3.38M	2.08M
Total Deferred Taxes	-	-	-1.48K	9.74K	36.51K
Normalized Net Income	1.53M	809K	5.48M	8.89M	6.57M
Interest on Long-Term Debt	276K	368K	497K	589K	459K
Supplemental Operating Expense Items
General and Administrative Expenses	8.33M	9.79M	12.09M	14.3M	15.9M
Net Rental Expense, Total	795K	4.58M	5.46M	2.24M	4.4M
Imputed Operating Lease Interest Expense	414K	-	2.84M	1.22M	2.56M
Imputed Operating Lease Depreciation	381K	-	2.62M	1.02M	1.84M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: February	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)	2026 (MYR)
Assets
Cash And Equivalents	3.19M	5.08M	6.3M	10.16M	10.97M
Short Term Investments	1M	91K	-	-	6.59M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	4.19M	5.17M	6.3M	10.16M	17.56M
Accounts Receivable, Total	9.14M	17.1M	24.5M	29.9M	30.36M
Other Receivables	2.32M	2.16M	1.64M	15.66M	1.46M
Total Receivables	11.46M	19.26M	26.13M	45.56M	31.82M
Inventory	95.01K	75.63K	68.05K	68.07K	60.66K
Prepaid Expenses	2.6M	5.16M	8.16M	-	9.25M
Other Current Assets, Total	11.34M	12.3M	8.81M	3.66M	4.79M
Total Current Assets	29.68M	41.97M	49.48M	59.45M	63.49M
Gross Property Plant And Equipment	6.62M	7.04M	7.56M	9.25M	9.59M
Accumulated Depreciation	-2.92M	-2.9M	-3.02M	-4.14M	-4.32M
Net Property Plant And Equipment	3.69M	4.13M	4.53M	5.11M	5.26M
Long-term Investments	1.88M	2.38M	2.37M	1.98M	2.32M
Goodwill	102K	102K	102K	102K	102K
Other Intangibles, Total	42.15K	18.09K	22.96K	35.33K	40K
Deferred Tax Assets Long-Term	-	-	-	72.27K	51.71K
Other Long-Term Assets, Total	-	470K	935K	1.02M	1.04M
Total Assets	35.4M	49.06M	57.44M	67.78M	72.31M
Liabilities
Accounts Payable, Total	461K	1.06M	1.33M	1.27M	707K
Accrued Expenses, Total	3.75M	5.67M	8.77M	11.41M	10.16M
Short-term Borrowings	3.67M	10.66M	9.32M	7.15M	6.48M
Current Portion of Long-Term Debt	832K	973K	1.36M	1.42M	1.2M
Current Portion of Leases	37.95K	79.33K	171K	587K	687K
Current Income Taxes Payable	-	-	-	749K	929K
Other Current Liabilities	3.66M	4.32M	1.54M	2.06M	3.28M
Total Current Liabilities	12.41M	22.76M	22.49M	24.65M	23.43M
Long-Term Debt	3.68M	5.07M	6.83M	5.41M	3.59M
Long-Term Leases	44.12K	273K	459K	647K	320K
Deferred Tax Liability Non Current	21.2K	21.2K	19.72K	-	15.95K
Total Liabilities	16.15M	28.12M	29.8M	30.71M	27.36M
Common Stock, Total	21.33M	21.33M	21.33M	21.33M	21.33M
Retained Earnings	10.51M	12.21M	18.91M	28.78M	36.99M
Comprehensive Income and Other	-12.6M	-12.6M	-12.6M	-12.6M	-12.6M
Total Common Equity	19.24M	20.94M	27.64M	37.51M	45.72M
Minority Interest	-	-	-	-439K	-768K
Total Equity	19.24M	20.94M	27.64M	37.08M	44.95M
Total Liabilities And Equity	35.4M	49.06M	57.44M	67.78M	72.31M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	320M	320M	320M	320M	320M
ECS Total Common Shares Outstanding	320M	320M	320M	320M	320M
Book Value / Share	0.06	0.07	0.09	0.12	0.14
Tangible Book Value	19.1M	20.82M	27.51M	37.38M	45.58M
Tangible Book Value Per Share	0.06	0.07	0.09	0.12	0.14
Total Debt	8.26M	17.05M	18.15M	15.22M	12.27M
Net Debt	4.07M	11.88M	11.84M	5.06M	-5.29M
Debt Equivalent Oper. Leases	6.36M	-	43.69M	17.94M	35.22M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-439K	-768K
Account Code - Inventory Valuation	5	5	3	3	5
Inventories - Finished Goods, Total	92.22K	74.49K	65.39K	68.07K	60.66K
Inventories - Others	2.79K	1.14K	2.66K	-	-
Land - (BS)	-	-	-	-	-
Machinery, Total	1.85M	2.53M	2.67M	2.18M	2.63M
Full Time Employees	-	-	-	-	2.01K
Accumulated Allowance for Doubtful Accounts (Supple)	2.49M	437K	320K	1.09M	1.03M

Fiscal Period: February	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)	2026 (MYR)
Net Income	1.37M	1.2M	6.26M	10.6M	8.21M
Depreciation & Amortization - CF	238K	193K	281K	940K	1.11M
Amortization of Goodwill and Intangible Assets - (CF)	46.3K	-	-	-	-
Depreciation & Amortization, Total	285K	193K	281K	940K	1.11M
Amortization of Deferred Charges, Total - (CF)	56.15K	37.86K	22.63K	25.38K	50.47K
(Gain) Loss From Sale Of Asset	-	-64.31K	-26.63K	-	-56.2K
(Gain) Loss on Sale of Investments - (CF)	-318K	160K	-44.61K	327K	-358K
Asset Writedown & Restructuring Costs	-	-	74.62K	-66.37K	-
(Income) Loss On Equity Investments - (CF)	1	-	-	-	-
Provision and Write-off of Bad Debts	-104K	-322K	-	334K	-68.49K
Other Operating Activities, Total	492K	-1.1M	954K	981K	1.14M
Change In Accounts Receivable	1.57M	-4.51M	-3.45M	-5.99M	-2.45M
Change In Inventories	45.25K	13.68K	7.58K	-1.16K	7.41K
Change In Accounts Payable	-1.69M	2.24M	593K	3.12M	-600K
Change in Other Net Operating Assets	-	-1.81M	-3.27M	-	-
Cash from Operations	1.71M	-3.96M	1.4M	10.27M	6.98M
Capital Expenditure	-37.2K	-215K	-280K	-234K	-709K
Sale of Property, Plant, and Equipment	-	64.31K	26.63K	-	56.2K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	6.81K	-
Sale (Purchase) of Intangible assets	-30K	-20.88K	-27.5K	-37.75K	-55.14K
Investment in Marketable and Equity Securities, Total	132K	-509K	-226K	-127K	-
Other Investing Activities, Total	32K	132K	-181K	98.58K	42.37K
Cash from Investing	96.61K	-548K	-688K	-293K	-665K
Short Term Debt Issued, Total	-	7.51M	3.45M	-	-
Long-Term Debt Issued, Total	-	2.5M	3.9M	-	-
Total Debt Issued	-	7.07M	7.35M	-	-
Short Term Debt Repaid, Total	-	-2.88M	-1.5M	-	-500K
Long-Term Debt Repaid, Total	-1.71M	-1.1M	-1.75M	-2.04M	-2.81M
Total Debt Repaid	-1.71M	-2.81M	-3.25M	-2.04M	-3.31M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-800K	-	-	-	-
Common & Preferred Stock Dividends Paid	-800K	-	-	-	-
Other Financing Activities, Total	-276K	-11.96K	-137K	-2.17M	-2.02M
Cash from Financing	-2.78M	4.24M	3.96M	-4.21M	-5.33M
Net Change in Cash	-976K	-269K	4.67M	5.77M	986K
Supplemental Items
Cash Interest Paid	606K	778K	1.14M	1.15M	1M
Cash Income Tax Paid (Refund)	795K	1.19M	1.44M	2.93M	1.49M
Levered Free Cash Flow	1.84M	-	312K	5.98M	3.69M
Unlevered Free Cash Flow	2.22M	-	1.03M	6.7M	4.32M
Change In Net Working Capital	-71.26K	-	5.1M	3.21M	2.95M
Net Debt Issued / Repaid	-1.71M	4.26M	4.1M	-2.04M	-3.31M

Fiscal Period: February	2021 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)	2026 (MYR)
Profitability
Return on Assets	5.04	-	11.47	14.71	9.81
Return on Total Capital	6.61	-	14.57	18.86	12.55
Return On Equity %	7.25	-	25.55	31.88	19.2
Return on Common Equity	7.25	-	25.55	32.91	19.72
Margin Analysis
Gross Profit Margin %	13.35	13.93	14.72	16.16	14.94
SG&A Margin	11.33	12.41	8.31	7.9	9.09
EBITDA Margin %	4.33	2.71	6.91	8.23	6.44
EBITA Margin %	4.14	2.52	6.75	8.14	6.29
EBIT Margin %	4.08	2.52	6.75	8.14	6.29
Income From Continuing Operations Margin %	1.87	1.52	4.3	5.63	4.5
Net Income Margin %	1.87	1.52	4.3	5.85	4.69
Net Avail. For Common Margin %	1.87	1.52	4.3	5.85	4.69
Normalized Net Income Margin	2.08	1.02	3.77	4.91	3.76
Levered Free Cash Flow Margin	2.5	-	0.21	3.3	2.11
Unlevered Free Cash Flow Margin	3.02	-	0.71	3.7	2.47
Asset Turnover
Asset Turnover	1.98	-	2.72	2.89	2.5
Fixed Assets Turnover	19.38	-	33.57	36.03	33.71
Receivables Turnover (Average Receivables)	7.62	-	6.99	6.71	5.81
Inventory Turnover (Average Inventory)	541.45	-	1.73K	2.23K	2.31K
Short Term Liquidity
Current Ratio	2.39	1.84	2.2	2.41	2.71
Quick Ratio	1.26	1.07	1.44	2.26	2.11
Operating Cash Flow to Current Liabilities	0.14	-0.17	0.06	0.42	0.3
Days Sales Outstanding (Average Receivables)	47.89	-	52.33	54.36	62.87
Days Outstanding Inventory (Average Inventory)	0.67	-	0.21	0.16	0.16
Average Days Payable Outstanding	3.69	-	3.52	3.12	2.43
Cash Conversion Cycle (Average Days)	44.87	-	49.02	51.4	60.61
Long Term Solvency
Total Debt/Equity	42.93	81.44	65.66	41.04	27.3
Total Debt / Total Capital	30.04	44.88	39.63	29.1	21.44
LT Debt/Equity	19.34	25.5	26.38	16.34	8.7
Long-Term Debt / Total Capital	13.53	14.05	15.93	11.59	6.83
Total Liabilities / Total Assets	45.64	57.32	51.89	45.3	37.83
EBIT / Interest Expense	4.89	2.56	8.57	12.84	11
EBITDA / Interest Expense	5.35	2.8	8.82	13.65	12.11
(EBITDA - Capex) / Interest Expense	5.29	2.53	8.58	13.45	11.4
Total Debt / EBITDA	2.51	7.82	1.8	0.97	1.01
Net Debt / EBITDA	1.24	5.45	1.17	0.32	-0.44
Total Debt / (EBITDA - Capex)	2.54	8.67	1.85	0.98	1.08
Net Debt / (EBITDA - Capex)	1.25	6.04	1.21	0.33	-0.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.94	-	84.33	24.5	-3.41
Gross Profit, 1 Yr. Growth %	37.25	-	91.56	36.46	-10.73
EBITDA, 1 Yr. Growth %	-245.78	-	331.45	50.3	-24.4
EBITA, 1 Yr. Growth %	-231.65	-	350.74	50.39	-25.42
EBIT, 1 Yr. Growth %	-224.66	-	350.74	50.39	-25.42
Earnings From Cont. Operations, 1 Yr. Growth %	-139.89	-	351.55	73.61	-22.73
Net Income, 1 Yr. Growth %	-139.89	-	351.55	80.45	-22.56
Normalized Net Income, 1 Yr. Growth %	-190.16	-	491.58	64.5	-26.06
Diluted EPS Before Extra, 1 Yr. Growth %	-139.75	-	354.45	80.88	-22.66
Accounts Receivable, 1 Yr. Growth %	-9.92	-	43.25	24.41	1.53
Inventory, 1 Yr. Growth %	-32.26	-	-10.03	0.03	-10.89
Net Property, Plant and Equip., 1 Yr. Growth %	-5.17	-	9.77	3.6	2.88
Total Assets, 1 Yr. Growth %	-9.19	-	16.05	17.89	6.68
Tangible Book Value, 1 Yr. Growth %	3.5	-	29.43	39.73	21.94
Common Equity, 1 Yr. Growth %	3.07	-	29.29	39.59	21.87
Cash From Operations, 1 Yr. Growth %	-133.04	-	-135.26	236.52	-32.02
Capital Expenditures, 1 Yr. Growth %	-61.37	-	30.2	-14.11	203.18
Levered Free Cash Flow, 1 Yr. Growth %	-153.4	-	-	260.37	-68.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-169.8	-	-	180.48	-65.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.43	-	-	51.49	9.66
Gross Profit, 2 Yr. CAGR %	-3.57	-	-	61.82	10.37
EBITDA, 2 Yr. CAGR %	96.61	-	-	152.95	6.6
EBITA, 2 Yr. CAGR %	162.85	-	-	160.24	5.91
EBIT, 2 Yr. CAGR %	167.97	-	-	160.24	5.91
Earnings From Cont. Operations, 2 Yr. CAGR %	55.45	-	-	171.16	15.82
Net Income, 2 Yr. CAGR %	55.45	-	-	176.45	18.21
Normalized Net Income, 2 Yr. CAGR %	550.85	-	-	209.81	10.29
Diluted EPS Before Extra, 2 Yr. CAGR %	53.16	-	-	177.28	18.28
Accounts Receivable, 2 Yr. CAGR %	-13.57	-	-	32.24	12.39
Inventory, 2 Yr. CAGR %	-2.5	-	-	-5.13	-5.59
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.71	-	-	11.27	3.24
Total Assets, 2 Yr. CAGR %	-2.49	-	-	17.02	12.14
Tangible Book Value, 2 Yr. CAGR %	-6.45	-	-	32.61	30.53
Common Equity, 2 Yr. CAGR %	-6.71	-	-	32.48	30.43
Cash From Operations, 2 Yr. CAGR %	-26.01	-	-	60.93	51.25
Capital Expenditures, 2 Yr. CAGR %	-54.74	-	-	4.31	61.37
Levered Free Cash Flow, 2 Yr. CAGR %	-23.31	-	-	-	49.19
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.72	-	-	-	34.47
Dividend Per Share, 2 Yr. CAGR %	-37.01	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.86	-	-	-	30.39
Gross Profit, 3 Yr. CAGR %	-9.06	-	-	-	32.72
EBITDA, 3 Yr. CAGR %	-16.64	-	-	-	69.12
EBITA, 3 Yr. CAGR %	-15.76	-	-	-	71.57
EBIT, 3 Yr. CAGR %	-16.19	-	-	-	71.57
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.15	-	-	-	78.43
Net Income, 3 Yr. CAGR %	-18.15	-	-	-	80.88
Normalized Net Income, 3 Yr. CAGR %	-15.81	-	-	-	92.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.44	-	-	-	81.17
Accounts Receivable, 3 Yr. CAGR %	-9.47	-	-	-	21.09
Inventory, 3 Yr. CAGR %	268.55	-	-	-	-7.09
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.34	-	-	-	8.4
Total Assets, 3 Yr. CAGR %	-1.51	-	-	-	13.47
Tangible Book Value, 3 Yr. CAGR %	4.06	-	-	-	28.95
Common Equity, 3 Yr. CAGR %	4.32	-	-	-	28.84
Cash From Operations, 3 Yr. CAGR %	-15.95	-	-	-	20.75
Capital Expenditures, 3 Yr. CAGR %	-26.72	-	-	-	48.87
Levered Free Cash Flow, 3 Yr. CAGR %	-20.4	-	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.46	-	-	-	-
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.36	-	-	-	-
Gross Profit, 5 Yr. CAGR %	-7.77	-	-	-	-
EBITDA, 5 Yr. CAGR %	-17.16	-	-	-	-
EBITA, 5 Yr. CAGR %	-16.47	-	-	-	-
EBIT, 5 Yr. CAGR %	-16.73	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-21.14	-	-	-	-
Net Income, 5 Yr. CAGR %	-21.14	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-18.19	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.14	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-4.31	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.29	-	-	-	-
Total Assets, 5 Yr. CAGR %	2.94	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	16.63	-	-	-	-
Common Equity, 5 Yr. CAGR %	16.8	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	-18.63	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-31.97	-	-	-	-
Dividend Per Share, 5 Yr. CAGR %	-73.73	-	-	-	-