Income Statement Master-Pack Group

Stocks

7029

MYL7029OO001

Paper Packaging

Delayed BURSA MALAYSIA 04:50:01 2026-09-08 EDT			5-day change	1st Jan Change
1.590 ^MYR	-0.62%		-0.62%	-14.05%

08-21	Master-Pack Group Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-22	Master-Pack Group Berhad Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: MASTER-PACK GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	154M	161M	166M	155M	102M
Other Revenues, Total	-	-	2.33M	1.54M	2.03M
Total Revenues	154M	161M	169M	156M	104M
Cost of Goods Sold, Total	102M	102M	99.12M	89.9M	61.78M
Gross Profit	51.96M	59.44M	69.69M	66.58M	42.01M
Selling General & Admin Expenses, Total	16.5M	16.76M	20.22M	20.13M	17.84M
Provision for Bad Debts	58K	-82K	61K	-43K	-15K
Depreciation & Amortization - (IS)	4.05M	3.91M	4.68M	5.25M	4.94M
Other Operating Expenses	13.26M	14.22M	17.61M	19.96M	14.47M
Other Operating Expenses, Total	33.87M	34.81M	42.57M	45.31M	37.25M
Operating Income	18.1M	24.64M	27.13M	21.28M	4.77M
Interest Expense, Total	-442K	-379K	-336K	-298K	-267K
Interest And Investment Income	604K	910K	1.63M	1.23M	1.86M
Net Interest Expenses	162K	531K	1.29M	929K	1.59M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	18.26M	25.17M	28.42M	22.21M	6.36M
Gain (Loss) On Sale Of Investments	-28K	-4K	-145K	-5K	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	18.23M	25.16M	28.27M	22.2M	6.36M
Income Tax Expense	3.78M	3.32M	3.66M	4.01M	1.56M
Earnings From Continuing Operations	14.45M	21.84M	24.61M	18.19M	4.8M
Net Income to Company	14.45M	21.84M	24.61M	18.19M	4.8M
Minority Interest	3K	-	-	-	-
Net Income - (IS)	14.46M	21.84M	24.61M	18.19M	4.8M
Net Income to Common Incl Extra Items	14.46M	21.84M	24.61M	18.19M	4.8M
Net Income to Common Excl. Extra Items	14.46M	21.84M	24.61M	18.19M	4.8M
Per Share Items
Net EPS - Basic	0.26	0.4	0.45	0.33	0.09
Basic EPS - Continuing Operations	0.26	0.4	0.45	0.33	0.09
Basic Weighted Average Shares Outstanding	54.62M	54.62M	54.62M	54.62M	54.62M
Net EPS - Diluted	0.26	0.4	0.45	0.33	0.09
Diluted EPS - Continuing Operations	0.26	0.4	0.45	0.33	0.09
Diluted Weighted Average Shares Outstanding	54.62M	54.62M	54.62M	54.62M	54.62M
Normalized Basic EPS	0.21	0.29	0.33	0.25	0.07
Normalized Diluted EPS	0.21	0.29	0.33	0.25	0.07
Dividend Per Share	0.04	0.1	0.12	0.18	0.08
Payout Ratio	15.11	25.01	26.63	42.03	136.51
Supplemental Items
EBITDA	20.69M	27.25M	30.65M	25.42M	8.65M
EBITA	18.1M	24.64M	27.13M	21.28M	4.77M
EBIT	18.1M	24.64M	27.13M	21.28M	4.77M
EBITDAR	21.53M	27.93M	31.1M	25.87M	8.93M
Effective Tax Rate - (Ratio)	20.71	13.21	12.95	18.06	24.51
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	3.92M	3.22M	3.68M	4.11M	2.39M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-141K	100K	-17K	-96K	-830K
Normalized Net Income	11.41M	15.73M	17.76M	13.88M	3.98M
Interest on Long-Term Debt	168K	157K	151K	135K	78K
Supplemental Operating Expense Items
Net Rental Expense, Total	842K	684K	450K	452K	283K
Imputed Operating Lease Interest Expense	311K	327K	286K	249K	143K
Imputed Operating Lease Depreciation	531K	357K	164K	203K	140K

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	44.32M	55.48M	76.28M	88.45M	87.52M
Short Term Investments	-	-	-	-	341K
Total Cash And Short Term Investments	44.32M	55.48M	76.28M	88.45M	87.86M
Accounts Receivable, Total	28.42M	29.53M	30.4M	26.17M	19.18M
Other Receivables	2.14M	2M	3.77M	3.61M	2.4M
Total Receivables	30.56M	31.53M	34.17M	29.78M	21.58M
Inventory	17.38M	18.9M	12.12M	14.78M	10.11M
Prepaid Expenses	2.44M	2.16M	1.59M	749K	1.6M
Total Current Assets	94.7M	108M	124M	134M	121M
Gross Property Plant And Equipment	89M	91.24M	104M	106M	105M
Accumulated Depreciation	-40.72M	-44.24M	-44.47M	-48.11M	-51.15M
Net Property Plant And Equipment	48.28M	46.99M	59.96M	57.47M	54.34M
Long-term Investments	265K	269K	271K	232K	239K
Goodwill	196K	196K	196K	196K	196K
Deferred Tax Assets Long-Term	-	1K	86K	10K	5K
Other Long-Term Assets, Total	14.64M	14.64M	14.64M	14.64M	18.31M
Total Assets	158M	170M	199M	206M	194M
Liabilities
Accounts Payable, Total	8.53M	6.36M	5.57M	5.21M	3.56M
Accrued Expenses, Total	-	-	-	-	3.33M
Short-term Borrowings	5.67M	1.78M	2.21M	2.64M	3.26M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.46M	906K	760K	755K	557K
Current Income Taxes Payable	744K	340K	511K	211K	27K
Other Current Liabilities	8.57M	10.87M	12.68M	15.25M	7.15M
Total Current Liabilities	24.98M	20.25M	21.74M	24.08M	17.89M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.52M	1.36M	1.44M	863K	388K
Deferred Tax Liability Non Current	5.2M	5.3M	6.84M	6.67M	5.84M
Total Liabilities	31.69M	26.91M	30.01M	31.6M	24.12M
Common Stock, Total	55.34M	55.34M	55.34M	55.34M	55.34M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	56.97M	73.95M	92.64M	102M	103M
Comprehensive Income and Other	14.08M	13.96M	21.33M	17.56M	11.78M
Total Common Equity	126M	143M	169M	175M	170M
Minority Interest	7K	-	-	-	-
Total Equity	126M	143M	169M	175M	170M
Total Liabilities And Equity	158M	170M	199M	206M	194M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.62M	54.62M	54.62M	54.62M	54.62M
ECS Total Common Shares Outstanding	54.62M	54.62M	54.62M	54.62M	54.62M
Book Value / Share	2.31	2.62	3.1	3.2	3.11
Tangible Book Value	126M	143M	169M	174M	170M
Tangible Book Value Per Share	2.31	2.62	3.1	3.19	3.11
Total Debt	8.65M	4.04M	4.41M	4.26M	4.21M
Net Debt	-35.67M	-51.44M	-71.87M	-84.19M	-83.66M
Debt Equivalent Oper. Leases	6.74M	5.47M	3.6M	3.62M	2.26M
Minority Interest, Total (Incl. Fin. Div)	7K	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.4M	15.12M	8.35M	9.68M	6.98M
Inventories - Work In Process, Total	144K	35K	279K	422K	289K
Inventories - Finished Goods, Total	4.83M	3.74M	3.49M	4.67M	2.85M
Land - (BS)	13.2M	13.2M	18.45M	18.45M	18.45M
Buildings, Total	18.41M	18.55M	18.6M	18.85M	18.85M
Machinery, Total	41.94M	45.96M	55.81M	56.36M	57.94M
Full Time Employees	184	201	190	-	-
Assets on Operating Lease - Gross	3.14M	3.94M	3.43M	3.43M	3.43M
Assets on Operating Lease - Accumulated Depreciation	-1.46M	-1.59M	-1.71M	-	-2.39M
Accumulated Allowance for Doubtful Accounts (Supple)	125K	43K	104K	61K	46K

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	14.46M	21.84M	24.61M	18.19M	4.8M
Depreciation & Amortization - CF	4.05M	3.91M	4.68M	5.25M	4.94M
Depreciation & Amortization, Total	4.05M	3.91M	4.68M	5.25M	4.94M
(Gain) Loss From Sale Of Asset	79K	-	-5K	-37K	2K
(Gain) Loss on Sale of Investments - (CF)	34K	4K	145K	5K	-
Asset Writedown & Restructuring Costs	-	33K	-	1K	3K
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	58K	-82K	61K	-43K	-15K
Other Operating Activities, Total	746K	-1.12M	-1.79M	-291K	-217K
Change In Accounts Receivable	-5.05M	-724K	-2.41M	4.67M	8.49M
Change In Inventories	-5.66M	-1.54M	6.75M	-2.65M	4.66M
Change In Accounts Payable	5.61M	129K	1.02M	29K	-4.23M
Change in Other Net Operating Assets	-1.56M	288K	564K	844K	-777K
Cash from Operations	12.76M	22.73M	33.64M	25.97M	17.66M
Capital Expenditure	-1.69M	-1.79M	-7.52M	-2.56M	-2.38M
Sale of Property, Plant, and Equipment	20K	-	5K	52K	524K
Divestitures	380K	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-3.67M
Investment in Marketable and Equity Securities, Total	657K	-	-	-	-
Other Investing Activities, Total	579K	1.02M	1.85M	18K	-
Cash from Investing	-58K	-765K	-5.67M	-2.48M	-5.53M
Short Term Debt Issued, Total	-	-	436K	431K	618K
Total Debt Issued	-	-	436K	431K	618K
Short Term Debt Repaid, Total	-1.5M	-3.88M	-	-	-
Long-Term Debt Repaid, Total	-1.87M	-1.54M	-977K	-793K	-754K
Total Debt Repaid	-3.37M	-5.42M	-977K	-793K	-754K
Common Dividends Paid	-2.18M	-5.46M	-6.55M	-7.65M	-6.56M
Common & Preferred Stock Dividends Paid	-2.18M	-5.46M	-6.55M	-7.65M	-6.56M
Special Dividend Paid	-1.09M	-	-	-	-
Other Financing Activities, Total	-449K	-1.4M	-2.38M	-377K	-342K
Cash from Financing	-7.1M	-12.28M	-9.48M	-8.39M	-7.03M
Foreign Exchange Rate Adjustments	720K	482K	262K	-3.01M	-6.1M
Net Change in Cash	6.33M	10.16M	18.76M	12.09M	-1M
Supplemental Items
Cash Interest Paid	449K	394K	336K	298K	267K
Cash Income Tax Paid (Refund)	2.91M	3.79M	3.94M	4.62M	3.18M
Levered Free Cash Flow	6.82M	14.8M	19.8M	20.31M	10.44M
Unlevered Free Cash Flow	7.1M	15.04M	20.01M	20.49M	10.61M
Change In Net Working Capital	6.56M	2.48M	-5.9M	-4.5M	-5.06M
Net Debt Issued / Repaid	-3.37M	-5.42M	-541K	-362K	-136K

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	7.54	9.38	9.18	6.56	1.49
Return on Total Capital	8.73	10.91	10.56	7.54	1.69
Return On Equity %	12.05	16.2	15.75	10.58	2.79
Return on Common Equity	12.06	16.2	15.75	10.58	2.79
Margin Analysis
Gross Profit Margin %	33.75	36.93	41.28	42.55	40.48
SG&A Margin	10.72	10.41	11.97	12.87	17.19
EBITDA Margin %	13.44	16.93	18.15	16.24	8.33
EBITA Margin %	11.75	15.3	16.07	13.6	4.59
EBIT Margin %	11.75	15.3	16.07	13.6	4.59
Income From Continuing Operations Margin %	9.39	13.57	14.58	11.63	4.63
Net Income Margin %	9.39	13.57	14.58	11.63	4.63
Net Avail. For Common Margin %	9.39	13.57	14.58	11.63	4.63
Normalized Net Income Margin	7.41	9.77	10.52	8.87	3.83
Levered Free Cash Flow Margin	4.43	9.19	11.73	12.98	10.06
Unlevered Free Cash Flow Margin	4.61	9.34	11.85	13.1	10.22
Asset Turnover
Asset Turnover	1.03	0.98	0.91	0.77	0.52
Fixed Assets Turnover	3.16	3.38	3.16	2.67	1.86
Receivables Turnover (Average Receivables)	5.95	5.56	5.56	5.48	4.49
Inventory Turnover (Average Inventory)	6.99	5.6	6.39	6.68	4.96
Short Term Liquidity
Current Ratio	3.79	5.34	5.71	5.56	6.77
Quick Ratio	3	4.3	5.08	4.91	6.12
Operating Cash Flow to Current Liabilities	0.51	1.12	1.55	1.08	0.99
Days Sales Outstanding (Average Receivables)	61.3	65.7	65.69	66.81	81.33
Days Outstanding Inventory (Average Inventory)	52.2	65.2	57.11	54.76	73.53
Average Days Payable Outstanding	22.22	26.36	23.57	21.33	28.05
Cash Conversion Cycle (Average Days)	91.29	104.55	99.23	100.24	126.81
Long Term Solvency
Total Debt/Equity	6.84	2.82	2.6	2.44	2.47
Total Debt / Total Capital	6.4	2.74	2.54	2.38	2.41
LT Debt/Equity	1.2	0.95	0.85	0.49	0.23
Long-Term Debt / Total Capital	1.12	0.92	0.83	0.48	0.22
Total Liabilities / Total Assets	20.04	15.81	15.06	15.32	12.42
EBIT / Interest Expense	40.94	65	80.74	71.41	17.86
EBITDA / Interest Expense	50.1	75.31	94.68	89.03	36.37
(EBITDA - Capex) / Interest Expense	46.26	70.58	72.28	80.46	27.47
Total Debt / EBITDA	0.39	0.14	0.14	0.16	0.43
Net Debt / EBITDA	-1.61	-1.8	-2.26	-3.17	-8.61
Total Debt / (EBITDA - Capex)	0.42	0.15	0.18	0.18	0.57
Net Debt / (EBITDA - Capex)	-1.74	-1.92	-2.96	-3.51	-11.41
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.54	4.54	3.62	-7.3	-33.67
Gross Profit, 1 Yr. Growth %	15.91	14.39	13.53	-4.46	-36.9
EBITDA, 1 Yr. Growth %	32.31	30.87	12.48	-17.05	-65.99
EBITA, 1 Yr. Growth %	38.83	35.16	10.12	-21.56	-77.59
EBIT, 1 Yr. Growth %	38.83	35.16	10.12	-21.56	-77.59
Earnings From Cont. Operations, 1 Yr. Growth %	28.24	51.1	12.7	-26.08	-73.61
Net Income, 1 Yr. Growth %	28.21	51.07	12.7	-26.08	-73.61
Normalized Net Income, 1 Yr. Growth %	42.55	37.81	12.92	-21.85	-71.36
Diluted EPS Before Extra, 1 Yr. Growth %	28.23	51.06	12.7	-26.08	-73.61
Accounts Receivable, 1 Yr. Growth %	22	3.89	2.94	-13.92	-26.71
Inventory, 1 Yr. Growth %	47.23	8.75	-35.85	21.88	-31.55
Net Property, Plant and Equip., 1 Yr. Growth %	-1.66	-2.67	27.59	-4.15	-5.45
Total Assets, 1 Yr. Growth %	11.42	7.64	17.13	3.5	-5.84
Tangible Book Value, 1 Yr. Growth %	11.48	13.36	18.21	3.19	-2.62
Common Equity, 1 Yr. Growth %	11.46	13.34	18.18	3.18	-2.61
Cash From Operations, 1 Yr. Growth %	-54.01	78.05	48.01	-26.8	-32.04
Capital Expenditures, 1 Yr. Growth %	-35.49	5.67	320.39	-66.05	-6.93
Levered Free Cash Flow, 1 Yr. Growth %	-70.14	114.4	33.78	2.56	-49.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-69.48	109.45	33.07	2.41	-49.06
Dividend Per Share, 1 Yr. Growth %	0	150	20	50	-55.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-13.25	6.52	4.71	-2	-21.59
Gross Profit, 2 Yr. CAGR %	-2.25	15.15	15.81	4.15	-22.36
EBITDA, 2 Yr. CAGR %	-1	32	21.33	-3.41	-46.88
EBITA, 2 Yr. CAGR %	-1.57	37.48	22	-7.06	-58.08
EBIT, 2 Yr. CAGR %	-1.57	37.48	22	-7.06	-58.08
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.01	39.2	30.49	-8.73	-55.83
Net Income, 2 Yr. CAGR %	-4.03	39.17	30.48	-8.73	-55.83
Normalized Net Income, 2 Yr. CAGR %	2.49	40.16	24.74	-6.06	-52.69
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.02	39.18	30.48	-8.72	-55.83
Accounts Receivable, 2 Yr. CAGR %	-13.48	12.58	3.42	-5.86	-20.57
Inventory, 2 Yr. CAGR %	17.57	26.53	-16.47	-11.57	-8.66
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.32	-2.16	11.44	10.59	-4.8
Total Assets, 2 Yr. CAGR %	4.92	9.51	12.29	10.11	-1.28
Tangible Book Value, 2 Yr. CAGR %	9.3	12.42	15.76	10.44	0.24
Common Equity, 2 Yr. CAGR %	9.29	12.4	15.74	10.43	0.24
Cash From Operations, 2 Yr. CAGR %	-23.36	-9.51	62.34	6.89	-29.45
Capital Expenditures, 2 Yr. CAGR %	42.09	-17.44	110.76	19.47	-43.78
Levered Free Cash Flow, 2 Yr. CAGR %	-32.82	-19.51	69.36	17.13	-27.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-33.46	-19.59	66.95	16.74	-27.18
Dividend Per Share, 2 Yr. CAGR %	41.42	58.11	73.21	34.16	-18.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.89	-7.68	5.97	0.54	-13.95
Gross Profit, 3 Yr. CAGR %	11.19	3.01	15.84	8.62	-11.88
EBITDA, 3 Yr. CAGR %	16.6	8.88	25.15	6.88	-31.79
EBITA, 3 Yr. CAGR %	24.44	9.67	27.68	5.3	-42.16
EBIT, 3 Yr. CAGR %	24.44	9.67	27.68	5.3	-42.16
Earnings From Cont. Operations, 3 Yr. CAGR %	35.98	11.66	29.74	7.97	-39.64
Net Income, 3 Yr. CAGR %	35.93	11.64	29.72	7.97	-39.64
Normalized Net Income, 3 Yr. CAGR %	29.41	13.12	30.42	6.74	-36.77
Diluted EPS Before Extra, 3 Yr. CAGR %	35.93	11.64	29.72	7.97	-39.64
Accounts Receivable, 3 Yr. CAGR %	-8.94	-8.04	9.27	-2.72	-13.4
Inventory, 3 Yr. CAGR %	5.91	14.55	0.9	-5.26	-18.81
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.5	-2.44	6.89	5.98	4.96
Total Assets, 3 Yr. CAGR %	5.94	5.82	12	9.28	4.51
Tangible Book Value, 3 Yr. CAGR %	11.54	10.64	14.32	11.41	5.91
Common Equity, 3 Yr. CAGR %	11.51	10.62	14.29	11.39	5.9
Cash From Operations, 3 Yr. CAGR %	23.98	1.51	6.62	26.71	-8.07
Capital Expenditures, 3 Yr. CAGR %	-6.61	28.74	42.04	14.68	9.93
Levered Free Cash Flow, 3 Yr. CAGR %	15.52	-0.7	-4.66	43.28	-10.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	11.8	-2.1	-4.88	41.85	-10.97
Dividend Per Share, 3 Yr. CAGR %	38.67	71	44.22	65.1	-7.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.3	6.78	3	-5.22	-6.06
Gross Profit, 5 Yr. CAGR %	13.66	12.73	13.02	4.13	-1.29
EBITDA, 5 Yr. CAGR %	25.68	21.47	18.61	3.79	-11.17
EBITA, 5 Yr. CAGR %	37.91	28.42	23.63	2.64	-18.22
EBIT, 5 Yr. CAGR %	37.91	28.42	23.63	2.64	-18.22
Earnings From Cont. Operations, 5 Yr. CAGR %	41.41	40.87	33.76	3.01	-15.69
Net Income, 5 Yr. CAGR %	36.35	40.81	33.72	3	-15.69
Normalized Net Income, 5 Yr. CAGR %	36.76	32.8	27.52	5.02	-13.07
Diluted EPS Before Extra, 5 Yr. CAGR %	36.35	40.82	33.72	3	-15.69
Accounts Receivable, 5 Yr. CAGR %	5.52	-2.36	-4.18	-7.18	-3.82
Inventory, 5 Yr. CAGR %	9.09	8.05	-3.69	3.28	-3.04
Net Property, Plant and Equip., 5 Yr. CAGR %	5.23	3.55	2.22	2.58	2.05
Total Assets, 5 Yr. CAGR %	11.04	9.54	8.44	7.51	6.49
Tangible Book Value, 5 Yr. CAGR %	11.92	13.7	13.21	10.56	8.46
Common Equity, 5 Yr. CAGR %	11.89	13.67	13.18	10.55	8.45
Cash From Operations, 5 Yr. CAGR %	40.17	51.83	38.1	3.63	-8.65
Capital Expenditures, 5 Yr. CAGR %	7.46	12.04	29.33	24.95	-1.96
Levered Free Cash Flow, 5 Yr. CAGR %	188.3	29.25	34.94	6.08	-14.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	74.4	33.41	31.55	5.04	-14.52
Dividend Per Share, 5 Yr. CAGR %	31.95	58.49	51.57	55.18	14.87