Income Statement MESB

Stocks

7234

MYL7234OO007

Apparel & Accessories Retailers

Market Closed - BURSA MALAYSIA Other stock markets 04:52:48 2026-08-07 EDT			5-day change	1st Jan Change
0.2900 ^MYR	+1.75%		-3.33%	-14.71%

07-16	Trend Navigator Sdn Bhd entered into a conditional share sale agreement to acquire 55% stake in Miroza Leather (M) Sdn Bhd from Lotus Circular Berhad for MYR 38 million.	CI
05-26	Lotus Circular Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI

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Published financial data: MESB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	137M	198M	159M	187M	208M
Total Revenues	137M	198M	159M	187M	208M
Cost of Goods Sold, Total	59.35M	87.64M	59.75M	82.63M	113M
Gross Profit	77.23M	111M	99.44M	105M	94.67M
Selling General & Admin Expenses, Total	66.04M	99.47M	82.62M	84.27M	82.95M
Provision for Bad Debts	66K	-7K	-	278K	592K
Other Operating Expenses	2.3M	1.26M	-1.68M	388K	1.19M
Other Operating Expenses, Total	68.41M	101M	80.94M	84.94M	84.73M
Operating Income	8.82M	10.13M	18.5M	19.88M	9.94M
Interest Expense, Total	-1.18M	-779K	-409K	-589K	-316K
Interest And Investment Income	431K	524K	-	-	-
Net Interest Expenses	-746K	-255K	-409K	-589K	-316K
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	8.08M	9.87M	18.09M	19.29M	9.62M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	694K	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	3.45M	1.64M	-	-	-
EBT, Incl. Unusual Items	11.52M	12.21M	18.09M	19.29M	9.62M
Income Tax Expense	2.32M	5.54M	4.9M	5.13M	3.19M
Earnings From Continuing Operations	9.2M	6.67M	13.19M	14.16M	6.43M
Earnings Of Discontinued Operations	-	-	-994K	-	-
Net Income to Company	9.2M	6.67M	12.19M	14.16M	6.43M
Minority Interest	-	-	4K	-3.85M	-1.66M
Net Income - (IS)	9.2M	6.67M	12.2M	10.31M	4.78M
Net Income to Common Incl Extra Items	9.2M	6.67M	12.2M	10.31M	4.78M
Net Income to Common Excl. Extra Items	9.2M	6.67M	13.19M	10.31M	4.78M
Per Share Items
Net EPS - Basic	0.09	0.06	0.09	0.07	0.03
Basic EPS - Continuing Operations	0.09	0.06	0.1	0.07	0.03
Basic Weighted Average Shares Outstanding	103M	109M	133M	144M	144M
Net EPS - Diluted	0.08	0.05	0.09	0.07	0.03
Diluted EPS - Continuing Operations	0.08	0.05	0.1	0.07	0.03
Diluted Weighted Average Shares Outstanding	114M	123M	133M	144M	144M
Normalized Basic EPS	0.05	0.06	0.09	0.06	0.03
Normalized Diluted EPS	0.04	0.05	0.09	0.06	0.03
Supplemental Items
EBITDA	10.31M	11.37M	19.64M	22.74M	11.49M
EBITA	8.82M	10.18M	18.56M	21.42M	10.12M
EBIT	8.82M	10.13M	18.5M	19.88M	9.94M
EBITDAR	10.87M	12.84M	21.2M	24.14M	12.82M
Effective Tax Rate - (Ratio)	20.15	45.37	27.09	26.61	33.12
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	2.4M	6.36M	5.8M	5.37M	3.36M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-77K	-823K	201K	-239K	-179K
Normalized Net Income	5.05M	6.17M	11.31M	8.2M	4.35M
Interest on Long-Term Debt	114K	182K	114K	198K	120K
Supplemental Operating Expense Items
Advertising Expense	-	5.52M	-	-	-
Selling and Marketing Expenses	34.49M	47.97M	39.22M	37.23M	35.54M
General and Administrative Expenses	31.55M	51.51M	43.39M	47.04M	47.41M
Net Rental Expense, Total	566K	1.48M	1.56M	1.4M	1.33M
Imputed Operating Lease Interest Expense	246K	583K	2.33M	1.18M	788K
Imputed Operating Lease Depreciation	320K	892K	-766K	215K	538K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	44.19M	72.54M	14.32M	19.12M	21.25M
Short Term Investments	726K	565K	43M	43.35M	44.64M
Total Cash And Short Term Investments	44.91M	73.1M	57.32M	62.46M	65.89M
Accounts Receivable, Total	30.82M	35.13M	21.38M	21.22M	33.47M
Other Receivables	2.6M	880K	4.3M	1.9M	3.64M
Total Receivables	33.43M	36.01M	25.68M	23.12M	37.12M
Inventory	61.29M	33.16M	40.12M	44.74M	41.26M
Prepaid Expenses	271K	126K	534K	501K	1.33M
Other Current Assets, Total	-	-	1.77M	-	-
Total Current Assets	140M	142M	125M	131M	146M
Gross Property Plant And Equipment	18.63M	16.76M	24.25M	26.92M	28.22M
Accumulated Depreciation	-14.31M	-12.91M	-18.9M	-19.89M	-20.35M
Net Property Plant And Equipment	4.32M	3.85M	5.35M	7.03M	7.86M
Goodwill	0	-	41.44M	40.06M	40.06M
Other Intangibles, Total	0	795K	796K	846K	657K
Accounts Receivable Long-Term	-	-	31K	-	-
Deferred Tax Assets Long-Term	329K	1.15M	947K	799K	978K
Other Long-Term Assets, Total	2.63M	2.57M	414K	401K	388K
Total Assets	147M	151M	174M	180M	196M
Liabilities
Accounts Payable, Total	41.59M	23.46M	10.36M	8.36M	20.83M
Accrued Expenses, Total	5.24M	21.84M	4.19M	3.47M	3.9M
Short-term Borrowings	12.37M	11.96M	-	1.22M	1.49M
Current Portion of Long-Term Debt	3.34M	835K	627K	-	-
Current Portion of Leases	334K	218K	1.11M	1.33M	1.41M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	786K	1.31M	12.37M	5.3M	469K
Total Current Liabilities	63.66M	59.62M	28.66M	19.68M	28.09M
Long-Term Debt	1.5M	682K	-	-	-
Long-Term Leases	175K	137K	781K	1.16M	1.9M
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	65.34M	60.44M	29.44M	20.84M	29.99M
Common Stock, Total	58.64M	60.46M	69.91M	69.91M	69.91M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	23.19M	29.86M	36.88M	47.19M	51.97M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	81.84M	90.32M	107M	117M	122M
Minority Interest	-	-	38.17M	42.02M	43.68M
Total Equity	81.84M	90.32M	145M	159M	166M
Total Liabilities And Equity	147M	151M	174M	180M	196M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	108M	113M	144M	144M	144M
ECS Total Common Shares Outstanding	107M	113M	144M	144M	144M
Book Value / Share	0.77	0.8	0.74	0.81	0.84
Tangible Book Value	81.84M	89.52M	64.56M	76.19M	81.16M
Tangible Book Value Per Share	0.77	0.79	0.45	0.53	0.56
Total Debt	17.72M	13.83M	2.52M	3.71M	4.8M
Net Debt	-27.2M	-59.27M	-54.8M	-58.75M	-61.1M
Debt Equivalent Oper. Leases	4.53M	11.8M	12.5M	11.2M	10.61M
Minority Interest, Total (Incl. Fin. Div)	-	-	38.17M	42.02M	43.68M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	61.29M	33.11M	40.12M	44.74M	41.26M
Inventories - Others	-	51K	-	-	-
Land - (BS)	-	-	-	-	-
Machinery, Total	7.07M	7.6M	13.63M	13.52M	13.47M
Full Time Employees	1.12K	-	1.23K	883	827
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	278K	870K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	9.2M	6.67M	12.2M	10.31M	4.78M
Depreciation & Amortization - CF	2.68M	1.49M	1.38M	2.69M	2.71M
Amortization of Goodwill and Intangible Assets - (CF)	-	52K	65K	1.54M	189K
Depreciation & Amortization, Total	2.68M	1.54M	1.45M	4.23M	2.9M
(Gain) Loss From Sale Of Asset	-	-694K	-1.57M	-273K	-5K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-176K	-159K
Asset Writedown & Restructuring Costs	49K	27K	-	109K	176K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	66K	-7K	-	278K	592K
Net Cash From Discontinued Operations	-	-	110K	-	-
Other Operating Activities, Total	-836K	1.84M	-1.28M	4.13M	-188K
Change In Accounts Receivable	-11.56M	-4.26M	7.47M	1.2M	-13.32M
Change In Inventories	7.15M	27.15M	-20.87M	-4.11M	3.31M
Change In Accounts Payable	9.54M	-1.24M	-7.44M	-4.18M	9.63M
Change in Other Net Operating Assets	-	-	-	-577K	-1.57M
Cash from Operations	16.29M	31.04M	-9.93M	10.94M	6.15M
Capital Expenditure	-84K	-903K	-1.78M	-2.05M	-1.32M
Sale of Property, Plant, and Equipment	-	800K	364K	2.05M	5K
Cash Acquisitions	-	-	-39.94M	-	-
Divestitures	-	-	-6.35M	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-847K	-66K	-	-
Investment in Marketable and Equity Securities, Total	-	-	-206K	47K	111K
Other Investing Activities, Total	-1.61M	-527K	33M	90K	-297K
Cash from Investing	-1.7M	-1.48M	-14.98M	132K	-1.5M
Short Term Debt Issued, Total	715K	-	443K	-	267K
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	715K	-	443K	-	267K
Short Term Debt Repaid, Total	-	-233K	-	-3.68M	-
Long-Term Debt Repaid, Total	-7.52M	-3.66M	-1.24M	-2.42M	-1.62M
Total Debt Repaid	-7.52M	-3.89M	-1.24M	-6.09M	-1.62M
Issuance of Common Stock	3.5M	1.81M	9.45M	-	-
Other Financing Activities, Total	-	-	4.33M	4.62M	-
Cash from Financing	-3.31M	-2.08M	12.98M	-1.47M	-1.35M
Net Change in Cash	11.28M	27.48M	-11.92M	9.59M	3.3M
Supplemental Items
Cash Interest Paid	1.18M	779K	574K	589K	316K
Cash Income Tax Paid (Refund)	3.03M	4.38M	7M	4.36M	5.24M
Levered Free Cash Flow	12.16M	30.31M	-19.56M	9.24M	4.32M
Unlevered Free Cash Flow	12.89M	30.8M	-19.3M	9.61M	4.52M
Change In Net Working Capital	-4.78M	-24.68M	30.46M	5M	3.28M
Net Debt Issued / Repaid	-6.81M	-3.89M	-799K	-6.09M	-1.35M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.94	4.25	7.11	7.01	3.31
Return on Total Capital	5.67	6.21	9.65	7.88	3.73
Return On Equity %	12.19	7.75	11.21	9.31	3.96
Return on Common Equity	12.19	7.75	13.38	9.21	4
Margin Analysis
Gross Profit Margin %	56.55	55.85	62.46	55.92	45.54
SG&A Margin	48.35	50.11	51.9	44.96	39.9
EBITDA Margin %	7.55	5.73	12.34	12.13	5.53
EBITA Margin %	6.46	5.13	11.66	11.43	4.87
EBIT Margin %	6.46	5.1	11.62	10.6	4.78
Income From Continuing Operations Margin %	6.74	3.36	8.28	7.55	3.09
Net Income Margin %	6.74	3.36	7.66	5.5	2.3
Net Avail. For Common Margin %	6.74	3.36	8.29	5.5	2.3
Normalized Net Income Margin	3.7	3.11	7.1	4.38	2.09
Levered Free Cash Flow Margin	8.9	15.27	-12.29	4.93	2.08
Unlevered Free Cash Flow Margin	9.44	15.52	-12.13	5.12	2.17
Asset Turnover
Asset Turnover	0.98	1.33	0.98	1.06	1.11
Fixed Assets Turnover	25.14	48.58	34.59	30.21	27.91
Receivables Turnover (Average Receivables)	5.68	6.02	5.63	8.8	7.6
Inventory Turnover (Average Inventory)	0.91	1.86	1.63	1.95	2.63
Short Term Liquidity
Current Ratio	2.2	2.39	4.38	6.65	5.18
Quick Ratio	1.23	1.83	2.9	4.35	3.67
Operating Cash Flow to Current Liabilities	0.26	0.52	-0.35	0.56	0.22
Days Sales Outstanding (Average Receivables)	64.27	60.64	64.78	41.59	48.01
Days Outstanding Inventory (Average Inventory)	400.15	196.67	223.82	187.94	138.64
Average Days Payable Outstanding	266.4	199.47	92.51	39.26	48.54
Cash Conversion Cycle (Average Days)	198.03	57.84	196.09	190.27	138.11
Long Term Solvency
Total Debt/Equity	21.65	15.31	1.74	2.33	2.9
Total Debt / Total Capital	17.8	13.28	1.71	2.28	2.81
LT Debt/Equity	2.05	0.91	0.54	0.73	1.15
Long-Term Debt / Total Capital	1.68	0.79	0.53	0.72	1.11
Total Liabilities / Total Assets	44.39	40.09	16.88	11.58	15.34
EBIT / Interest Expense	7.49	13	45.22	33.75	31.44
EBITDA / Interest Expense	9.77	14.98	48.76	40.93	40.62
(EBITDA - Capex) / Interest Expense	9.7	13.82	44.39	37.44	36.45
Total Debt / EBITDA	1.54	1.19	0.13	0.15	0.37
Net Debt / EBITDA	-2.36	-5.08	-2.75	-2.44	-4.76
Total Debt / (EBITDA - Capex)	1.55	1.28	0.14	0.17	0.42
Net Debt / (EBITDA - Capex)	-2.38	-5.51	-3.02	-2.66	-5.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.6	45.33	0.45	17.75	10.9
Gross Profit, 1 Yr. Growth %	-10.13	43.54	5.66	5.41	-8.4
EBITDA, 1 Yr. Growth %	586.61	10.31	-16.61	15.77	-49.47
EBITA, 1 Yr. Growth %	-4.62K	15.4	-17.01	15.39	-52.73
EBIT, 1 Yr. Growth %	-4.62K	14.81	-17.11	7.47	-50.02
Earnings From Cont. Operations, 1 Yr. Growth %	-134.37	-27.53	-23.96	7.35	-54.56
Net Income, 1 Yr. Growth %	-134.37	-27.53	82.89	-15.5	-53.66
Normalized Net Income, 1 Yr. Growth %	-631.6	22.25	-16.51	-27.44	-46.92
Diluted EPS Before Extra, 1 Yr. Growth %	-126.37	-32.96	-29.72	-28.1	-53.66
Accounts Receivable, 1 Yr. Growth %	78.41	13.97	-39.14	-0.75	57.74
Inventory, 1 Yr. Growth %	-10.98	-45.89	20.99	11.52	-7.78
Net Property, Plant and Equip., 1 Yr. Growth %	-33.97	-10.88	39	30.72	11.88
Total Assets, 1 Yr. Growth %	10.69	2.43	15.68	3.28	8.66
Tangible Book Value, 1 Yr. Growth %	18.36	9.39	-27.88	18.41	6.52
Common Equity, 1 Yr. Growth %	18.36	10.36	18.24	9.65	4.08
Cash From Operations, 1 Yr. Growth %	7.15	90.52	-131.47	-210.11	-43.73
Capital Expenditures, 1 Yr. Growth %	-89.29	975	97.67	14.96	-35.67
Levered Free Cash Flow, 1 Yr. Growth %	-18.67	149.36	-139.14	-137.54	-53.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-19.9	138.91	-138.32	-139.44	-52.98
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-14.56	15.89	7.96	8.76	14.27
Gross Profit, 2 Yr. CAGR %	-17.93	13.58	13.47	5.54	-2.43
EBITDA, 2 Yr. CAGR %	-6.08	175.21	38.05	-1.75	-23.51
EBITA, 2 Yr. CAGR %	-5.24	622.5	45.05	-2.14	-26.14
EBIT, 2 Yr. CAGR %	-5.24	620.65	44.8	-5.61	-26.71
Earnings From Cont. Operations, 2 Yr. CAGR %	23.62	-50.09	19.71	-9.65	-30.16
Net Income, 2 Yr. CAGR %	23.62	-50.09	15.13	24.31	-37.42
Normalized Net Income, 2 Yr. CAGR %	-1.86	154.93	49.68	-22.17	-37.94
Diluted EPS Before Extra, 2 Yr. CAGR %	4.96	-57.95	10.72	-28.92	-42.27
Accounts Receivable, 2 Yr. CAGR %	-12.06	42.6	-16.72	-22.28	25.12
Inventory, 2 Yr. CAGR %	5.9	-30.6	-19.09	16.15	1.41
Net Property, Plant and Equip., 2 Yr. CAGR %	-18.32	-23.29	11.3	35.11	20.93
Total Assets, 2 Yr. CAGR %	-3.44	6.48	8.86	9.26	5.93
Tangible Book Value, 2 Yr. CAGR %	10.65	13.79	-11.18	-7.75	12.31
Common Equity, 2 Yr. CAGR %	-5.69	14.29	14.23	13.86	6.83
Cash From Operations, 2 Yr. CAGR %	70.57	42.88	-21.92	-41.13	-21.28
Capital Expenditures, 2 Yr. CAGR %	-79.5	7.32	360.98	50.75	-14.01
Levered Free Cash Flow, 2 Yr. CAGR %	-	42.41	26.85	-57	-58.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	38.33	22.37	-56.33	-56.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	1.99	2.5	11.13	9.47
Gross Profit, 3 Yr. CAGR %	-	-1.12	4.98	10.72	0.2
EBITDA, 3 Yr. CAGR %	-	-0.9	135.65	30.18	-21.28
EBITA, 3 Yr. CAGR %	-	1.19	356.58	34.4	-23.22
EBIT, 3 Yr. CAGR %	-	1.02	356.04	31.1	-23.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-	3.46	-21.03	15.44	-28.15
Net Income, 3 Yr. CAGR %	-	3.46	-23.06	3.85	-10.53
Normalized Net Income, 3 Yr. CAGR %	-	5.59	128.37	17.58	-31.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-9.61	-31.37	-4.12	-38.36
Accounts Receivable, 3 Yr. CAGR %	-	-4.12	7.36	-11.7	-1.6
Inventory, 3 Yr. CAGR %	-	-15.34	-16.47	-9.96	7.56
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-15.91	-6.48	17.61	26.87
Total Assets, 3 Yr. CAGR %	-	-1.52	9.47	6.93	9.06
Tangible Book Value, 3 Yr. CAGR %	-	10.23	-2.26	-2.36	-3.22
Common Equity, 3 Yr. CAGR %	-	-0.62	15.59	12.68	10.5
Cash From Operations, 3 Yr. CAGR %	-	76.97	-13.23	-12.44	-42.01
Capital Expenditures, 3 Yr. CAGR %	-	-23.26	31.56	190.16	13.49
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	9.38	-8.74	-55.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	6.25	-9.34	-55.24
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	0.04	7.06
Gross Profit, 5 Yr. CAGR %	-	-	-	-1.78	1.95
EBITDA, 5 Yr. CAGR %	-	-	-	14.25	50.24
EBITA, 5 Yr. CAGR %	-	-	-	16.87	120.32
EBIT, 5 Yr. CAGR %	-	-	-	15.14	119.5
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	18.64	-24.81
Net Income, 5 Yr. CAGR %	-	-	-	11.35	-29.16
Normalized Net Income, 5 Yr. CAGR %	-	-	-	9.38	35.61
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-0.58	-35.95
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-11.85	14.14
Inventory, 5 Yr. CAGR %	-	-	-	-3.92	-9.73
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	1.65	3.75
Total Assets, 5 Yr. CAGR %	-	-	-	2.66	8.02
Tangible Book Value, 5 Yr. CAGR %	-	-	-	2.65	3.26
Common Equity, 5 Yr. CAGR %	-	-	-	4.94	12
Cash From Operations, 5 Yr. CAGR %	-	-	-	14.33	-16.55
Capital Expenditures, 5 Yr. CAGR %	-	-	-	0.53	10.98
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-21.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-22.44