Income Statement Minho (M)

Stocks

5576

MYL5576OO003

Forest & Wood Products

Market Closed - BURSA MALAYSIA 04:50:03 2026-10-02 EDT			5-day change	1st Jan Change
0.2600 ^MYR	-1.89%		0.00%	-7.14%

08-28	Minho (M) Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-26	Minho (M) Berhad Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

a1b57bac59408.7FA7yZ4jFGX8kRl4-cE94rPY4K0fDVWFlSsu-Bh76Wo.3SNk_NMOZhWp9F8QuJVf1urqtON4fmLt_UwWsUg43ByABVqR5GtmP4ngWA

Published financial data: MINHO (M)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	222M	227M	193M	188M	178M
Total Revenues	222M	227M	193M	188M	178M
Cost of Goods Sold, Total	174M	179M	169M	165M	151M
Gross Profit	48.14M	48.21M	24.12M	23.04M	26.67M
Selling General & Admin Expenses, Total	44.71M	37.73M	20.3M	31.22M	25.57M
Other Operating Expenses	-7.59M	-8.25M	-10.26M	-16.39M	-6.86M
Other Operating Expenses, Total	37.12M	29.48M	10.05M	14.83M	18.72M
Operating Income	11.03M	18.74M	14.07M	8.21M	7.96M
Interest Expense, Total	-1.71M	-1.28M	-1.39M	-1.35M	-1M
Interest And Investment Income	555K	777K	1.14M	1.1M	1.1M
Net Interest Expenses	-1.15M	-501K	-247K	-252K	97K
Currency Exchange Gains (Loss)	992K	710K	473K	65K	369K
EBT, Excl. Unusual Items	10.86M	18.94M	14.3M	8.02M	8.42M
Gain (Loss) On Sale Of Investments	28K	146K	-	-	167K
Gain (Loss) On Sale Of Assets	1.53M	487K	597K	1.33M	84K
Asset Writedown	-	-	-	-	3.01M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	174K	6K	-	-	2K
EBT, Incl. Unusual Items	12.6M	19.58M	14.9M	9.35M	11.69M
Income Tax Expense	3.07M	8.32M	7.23M	3.62M	6.33M
Earnings From Continuing Operations	9.53M	11.27M	7.67M	5.74M	5.36M
Net Income to Company	9.53M	11.27M	7.67M	5.74M	5.36M
Minority Interest	-1.82M	-	-	-	130K
Net Income - (IS)	7.71M	11.27M	7.67M	5.74M	5.49M
Net Income to Common Incl Extra Items	7.71M	11.27M	7.67M	5.74M	5.49M
Net Income to Common Excl. Extra Items	7.71M	11.27M	7.67M	5.74M	5.49M
Per Share Items
Net EPS - Basic	0.02	0.03	0.02	0.02	0.02
Basic EPS - Continuing Operations	0.02	0.03	0.02	0.02	0.02
Basic Weighted Average Shares Outstanding	357M	357M	357M	357M	357M
Net EPS - Diluted	0.02	0.02	0.02	0.02	0.02
Diluted EPS - Continuing Operations	0.02	0.02	0.02	0.02	0.02
Diluted Weighted Average Shares Outstanding	357M	357M	357M	357M	357M
Normalized Basic EPS	0.01	0.03	0.03	0.01	0.02
Normalized Diluted EPS	0.01	0.03	0.03	0.01	0.02
Dividend Per Share	-	-	-	-	0.01
Payout Ratio	12.72	28.27	24.18	78.15	-
Supplemental Items
EBITDA	15.99M	23.87M	18.91M	14.88M	15.9M
EBITA	11.03M	18.74M	14.07M	8.21M	7.96M
EBIT	11.03M	18.74M	14.07M	8.21M	7.96M
EBITDAR	16.16M	24.07M	19.52M	15.31M	18.7M
Effective Tax Rate - (Ratio)	24.35	42.46	48.54	38.66	54.13
Current Domestic Taxes	3.48M	5.96M	6.23M	3.3M	5.88M
Total Current Taxes	3.48M	5.96M	6.23M	3.3M	5.88M
Deferred Domestic Taxes	-416K	2.36M	1M	312K	441K
Total Deferred Taxes	-416K	2.36M	1M	312K	441K
Normalized Net Income	4.97M	11.84M	8.94M	5.01M	5.39M
Interest on Long-Term Debt	667K	518K	571K	317K	624K
Supplemental Operating Expense Items
Selling and Marketing Expenses	26.43M	19.02M	765K	7.24M	3.74M
General and Administrative Expenses	18.28M	18.71M	19.54M	23.99M	21.83M
Net Rental Expense, Total	172K	200K	613K	431K	2.8M
Imputed Operating Lease Interest Expense	59.97K	64K	196K	136K	753K
Imputed Operating Lease Depreciation	112K	136K	417K	295K	2.04M

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	32.65M	21.08M	32.63M	30.56M	33.3M
Short Term Investments	40.03M	42.58M	27.63M	22.45M	23.63M
Trading Asset Securities, Total	369K	126K	160K	-	22K
Total Cash And Short Term Investments	73.05M	63.78M	60.42M	53.01M	56.95M
Accounts Receivable, Total	32M	22.55M	26.16M	24.72M	23.94M
Other Receivables	5.04M	3.46M	4.51M	5.84M	3.74M
Total Receivables	37.04M	26.01M	30.67M	30.56M	27.69M
Inventory	90.58M	88.69M	96.48M	85.82M	71.04M
Prepaid Expenses	830K	1.09M	1.1M	918K	9.17M
Other Current Assets, Total	3.38M	7.17M	6.52M	10.37M	14.98M
Total Current Assets	205M	187M	195M	181M	180M
Gross Property Plant And Equipment	331M	333M	311M	315M	279M
Accumulated Depreciation	-182M	-184M	-186M	-178M	-163M
Net Property Plant And Equipment	149M	150M	124M	137M	116M
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	1.5M
Other Long-Term Assets, Total	138M	163M	198M	197M	218M
Total Assets	492M	499M	517M	515M	515M
Liabilities
Accounts Payable, Total	10.65M	8.44M	13.13M	13.1M	13.73M
Accrued Expenses, Total	5.7M	3.52M	4.88M	5.32M	4.15M
Short-term Borrowings	13.48M	8.12M	14.77M	8.4M	10.06M
Current Portion of Long-Term Debt	2.52M	2.46M	1.91M	1.51M	1.27M
Current Portion of Leases	6.63M	8.26M	10.96M	8.2M	5.42M
Current Income Taxes Payable	366K	340K	1.58M	-	-
Other Current Liabilities	7.26M	6.75M	6.63M	8.2M	14.46M
Total Current Liabilities	46.6M	37.9M	53.85M	44.72M	49.1M
Long-Term Debt	3.99M	2.06M	114K	10.03M	8.97M
Long-Term Leases	4.63M	11.74M	8.9M	3.88M	1.82M
Deferred Tax Liability Non Current	9.13M	11.49M	12.49M	12.8M	13.24M
Total Liabilities	64.35M	63.2M	75.35M	71.43M	73.13M
Common Stock, Total	206M	206M	206M	206M	206M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	168M	175M	181M	183M	186M
Comprehensive Income and Other	13.46M	13.46M	13.46M	13.46M	13.46M
Total Common Equity	388M	395M	401M	403M	406M
Minority Interest	39.93M	40.62M	41.25M	39.9M	36.56M
Total Equity	428M	436M	442M	443M	442M
Total Liabilities And Equity	492M	499M	517M	515M	515M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	357M	357M	357M	357M	357M
ECS Total Common Shares Outstanding	357M	357M	357M	357M	357M
Book Value / Share	1.09	1.11	1.12	1.13	1.14
Tangible Book Value	388M	395M	401M	403M	404M
Tangible Book Value Per Share	1.09	1.11	1.12	1.13	1.13
Total Debt	31.24M	32.65M	36.65M	32.01M	27.54M
Net Debt	-41.81M	-31.13M	-23.77M	-21M	-29.41M
Debt Equivalent Oper. Leases	1.38M	1.6M	4.9M	3.45M	22.38M
Minority Interest, Total (Incl. Fin. Div)	39.93M	40.62M	41.25M	39.9M	36.56M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	33.03M	35.47M	32.92M	31.06M	28.29M
Inventories - Work In Process, Total	32.37M	18.25M	22.52M	21.79M	19.97M
Inventories - Finished Goods, Total	25.18M	34.97M	41.04M	32.97M	22.77M
Land - (BS)	159M	146M	117M	137M	124M
Machinery, Total	141M	141M	143M	140M	143M
Full Time Employees	-	-	-	608	569
Accumulated Allowance for Doubtful Accounts (Supple)	986K	1.2M	828K	1.49M	2.51M

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	7.71M	11.27M	7.67M	5.74M	5.49M
Depreciation & Amortization - CF	10.62M	11.23M	12.38M	13.22M	11.76M
Depreciation & Amortization, Total	10.62M	11.23M	12.38M	13.22M	11.76M
(Gain) Loss From Sale Of Asset	-1.53M	-450K	-597K	-1.32M	-84K
(Gain) Loss on Sale of Investments - (CF)	-256K	-146K	-	-	-152K
Asset Writedown & Restructuring Costs	188K	2K	-	3.01M	-3.01M
Provision and Write-off of Bad Debts	1K	-70K	-37K	-69K	1.02M
Other Operating Activities, Total	844K	3.26M	3.28M	-1.49M	3.74M
Change In Accounts Receivable	-10.21M	9.52M	-5.72M	2.32M	-7.36M
Change In Inventories	20.05M	-7.09M	-8.05M	10.51M	13.38M
Change In Accounts Payable	-1.15M	-4.69M	5.92M	2.05M	5.16M
Change in Other Net Operating Assets	-	-	-	-	-127K
Cash from Operations	26.25M	22.84M	14.84M	33.97M	29.82M
Capital Expenditure	-2.45M	-8.1M	-9.7M	-16.42M	-6.77M
Sale of Property, Plant, and Equipment	1.76M	517K	1.44M	665K	84K
Cash Acquisitions	-	-	-	-	-1.5M
Divestitures	-	98K	-	-	-
Sale (Purchase) of Real Estate properties	-241K	-3.19M	-4.14M	16K	-1.61M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	606K	658K	14K	1.04M	447K
Cash from Investing	-325K	-10.02M	-12.39M	-14.7M	-9.34M
Short Term Debt Issued, Total	-	-	5.77M	-	-
Long-Term Debt Issued, Total	-	-	-	-	2.28M
Total Debt Issued	-	-	5.77M	-	2.28M
Short Term Debt Repaid, Total	-4.02M	-6.13M	-	-	-
Long-Term Debt Repaid, Total	-12.86M	-10.04M	-12.08M	-19.74M	-5.93M
Total Debt Repaid	-16.88M	-16.16M	-12.08M	-19.74M	-5.93M
Issuance of Common Stock	5.18M	-	-	-	-
Common Dividends Paid	-980K	-3.18M	-1.85M	-4.48M	-
Common & Preferred Stock Dividends Paid	-980K	-3.18M	-1.85M	-4.48M	-
Other Financing Activities, Total	-	-3.72M	658K	-3.86M	-11.7M
Cash from Financing	-12.68M	-23.07M	-7.5M	-28.07M	-15.34M
Foreign Exchange Rate Adjustments	77K	224K	-	-	-841K
Miscellaneous Cash Flow Adjustments	28K	146K	-	-	152K
Net Change in Cash	13.36M	-9.88M	-5.05M	-8.8M	4.45M
Supplemental Items
Cash Interest Paid	125K	122K	85K	157K	1M
Cash Income Tax Paid (Refund)	2.66M	5.59M	4.96M	6.3M	5M
Levered Free Cash Flow	21.59M	17.98M	5.97M	8.57M	19.86M
Unlevered Free Cash Flow	22.66M	18.78M	6.84M	9.42M	20.49M
Change In Net Working Capital	-7.6M	-3.94M	4.64M	-7.49M	-10.53M
Net Debt Issued / Repaid	-16.88M	-16.16M	-6.3M	-19.74M	-3.64M

Fiscal Period: December	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	1.4	2.36	1.73	0.99	0.97
Return on Total Capital	1.5	2.52	1.86	1.08	1.05
Return On Equity %	2.26	2.61	1.75	1.3	1.21
Return on Common Equity	2.02	2.88	1.93	1.43	1.36
Margin Analysis
Gross Profit Margin %	21.65	21.2	12.47	12.25	15
SG&A Margin	20.11	16.59	10.5	16.6	14.38
EBITDA Margin %	7.19	10.5	9.78	7.91	8.94
EBITA Margin %	4.96	8.24	7.28	4.36	4.47
EBIT Margin %	4.96	8.24	7.28	4.36	4.47
Income From Continuing Operations Margin %	4.29	4.96	3.96	3.05	3.01
Net Income Margin %	3.47	4.96	3.96	3.05	3.09
Net Avail. For Common Margin %	3.47	4.96	3.96	3.05	3.09
Normalized Net Income Margin	2.23	5.21	4.62	2.67	3.03
Levered Free Cash Flow Margin	9.71	7.91	3.09	4.56	11.17
Unlevered Free Cash Flow Margin	10.19	8.26	3.53	5.01	11.52
Asset Turnover
Asset Turnover	0.45	0.46	0.38	0.36	0.35
Fixed Assets Turnover	1.46	1.52	1.41	1.44	1.41
Receivables Turnover (Average Receivables)	8.13	8.34	7.94	7.4	7.31
Inventory Turnover (Average Inventory)	1.75	2	1.83	1.81	1.93
Short Term Liquidity
Current Ratio	4.4	4.93	3.62	4.04	3.66
Quick Ratio	2.36	2.37	1.69	1.87	1.72
Operating Cash Flow to Current Liabilities	0.56	0.6	0.28	0.76	0.61
Days Sales Outstanding (Average Receivables)	44.88	43.79	45.96	49.49	49.93
Days Outstanding Inventory (Average Inventory)	208.92	182.62	199.59	202.09	189.36
Average Days Payable Outstanding	27.93	19.66	22.23	29.32	35.9
Cash Conversion Cycle (Average Days)	225.87	206.75	223.32	222.26	203.39
Long Term Solvency
Total Debt/Equity	7.3	7.49	8.29	7.22	6.23
Total Debt / Total Capital	6.81	6.97	7.66	6.74	5.86
LT Debt/Equity	2.02	3.17	2.04	3.14	2.44
Long-Term Debt / Total Capital	1.88	2.95	1.88	2.93	2.3
Total Liabilities / Total Assets	13.08	12.66	14.57	13.88	14.19
EBIT / Interest Expense	6.45	14.66	10.15	6.08	7.94
EBITDA / Interest Expense	12.66	23.44	19.08	15.87	19.68
(EBITDA - Capex) / Interest Expense	11.23	17.1	12.08	3.71	12.92
Total Debt / EBITDA	1.44	1.09	1.39	1.49	1.4
Net Debt / EBITDA	-1.93	-1.04	-0.9	-0.98	-1.49
Total Debt / (EBITDA - Capex)	1.63	1.49	2.19	6.39	2.13
Net Debt / (EBITDA - Capex)	-2.18	-1.42	-1.42	-4.19	-2.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.26	2.26	-14.93	-2.74	-9.99
Gross Profit, 1 Yr. Growth %	103.26	0.15	-49.97	-4.48	-16.43
EBITDA, 1 Yr. Growth %	46.34	49.33	-20.78	-21.33	3.59
EBITA, 1 Yr. Growth %	90.5	69.92	-24.88	-41.66	-3.09
EBIT, 1 Yr. Growth %	90.5	69.92	-24.88	-41.66	-3.09
Earnings From Cont. Operations, 1 Yr. Growth %	130.47	18.24	-31.97	-25.19	-6.52
Net Income, 1 Yr. Growth %	147.89	18.24	-31.97	-25.19	-2.54
Normalized Net Income, 1 Yr. Growth %	135.66	74.37	-24.52	-43.89	9.78
Diluted EPS Before Extra, 1 Yr. Growth %	254.08	-2.77	-27.15	3.27	-2.54
Accounts Receivable, 1 Yr. Growth %	41.13	-29.53	16	-5.52	-3.12
Inventory, 1 Yr. Growth %	-16.76	-2.09	8.78	-11.04	-17.23
Net Property, Plant and Equip., 1 Yr. Growth %	-4.31	0.54	-16.9	10	-15.14
Total Assets, 1 Yr. Growth %	-0.68	1.43	3.65	-0.52	0.16
Tangible Book Value, 1 Yr. Growth %	3.44	1.93	1.38	0.65	0.24
Common Equity, 1 Yr. Growth %	3.44	1.93	1.38	0.65	0.61
Cash From Operations, 1 Yr. Growth %	-36.1	-13	-35.02	128.9	-12.21
Capital Expenditures, 1 Yr. Growth %	108.52	230.96	19.76	69.25	-58.8
Levered Free Cash Flow, 1 Yr. Growth %	-42.18	-16.72	-66.8	43.66	132.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-41.79	-17.12	-63.6	37.78	118.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.2	6.19	-6.73	-9.04	-4.11
Gross Profit, 2 Yr. CAGR %	19.66	42.67	-29.22	-30.87	5.16
EBITDA, 2 Yr. CAGR %	3.1	47.83	8.76	-21.06	-8.3
EBITA, 2 Yr. CAGR %	8.66	79.92	12.98	-33.8	-24.81
EBIT, 2 Yr. CAGR %	8.66	79.92	12.98	-33.8	-24.81
Earnings From Cont. Operations, 2 Yr. CAGR %	62.68	65.08	-10.31	-28.66	-16.37
Net Income, 2 Yr. CAGR %	78.83	90.38	-10.31	-28.66	-15.37
Normalized Net Income, 2 Yr. CAGR %	16.16	137.02	14.72	-34.92	-22.31
Diluted EPS Before Extra, 2 Yr. CAGR %	114.37	85.54	-15.84	-13.26	0.3
Accounts Receivable, 2 Yr. CAGR %	-7.17	-0.28	-9.59	4.69	-4.33
Inventory, 2 Yr. CAGR %	-14.97	-9.73	3.2	-1.63	-14.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.12	-1.91	-8.6	-4.39	-3.38
Total Assets, 2 Yr. CAGR %	-1.84	0.37	2.54	1.55	-0.18
Tangible Book Value, 2 Yr. CAGR %	2.13	2.68	1.66	1.01	0.44
Common Equity, 2 Yr. CAGR %	2.13	2.68	1.66	1.01	0.63
Cash From Operations, 2 Yr. CAGR %	-14.22	-25.44	-24.81	21.96	41.76
Capital Expenditures, 2 Yr. CAGR %	54.24	162.7	99.09	42.37	-16.45
Levered Free Cash Flow, 2 Yr. CAGR %	-19.59	-30.61	-47.42	-30.94	82.44
Unlevered Free Cash Flow, 2 Yr. CAGR %	-20.18	-30.54	-45.08	-29.18	73.14
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.15	-4.14	-1.38	-5.42	-7.86
Gross Profit, 3 Yr. CAGR %	3.07	12.77	0.61	-21.78	-17.91
EBITDA, 3 Yr. CAGR %	-16.69	16.65	20.07	-2.37	-12.67
EBITA, 3 Yr. CAGR %	-18.43	26.12	34.47	-9.36	-24.84
EBIT, 3 Yr. CAGR %	-18.43	26.12	34.47	-9.36	-24.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-13.29	46.27	22.85	-15.57	-21.93
Net Income, 3 Yr. CAGR %	-14.02	67.22	35.1	-15.57	-21.31
Normalized Net Income, 3 Yr. CAGR %	-20.35	47.62	61.86	-9.61	-23.06
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.05	64.71	35.87	-9.9	-9.84
Accounts Receivable, 3 Yr. CAGR %	-3.39	-15.32	4.88	-8.25	2.02
Inventory, 3 Yr. CAGR %	-12.69	-10.88	-3.94	-1.78	-7.13
Net Property, Plant and Equip., 3 Yr. CAGR %	0.68	-2.59	-7.19	-2.78	-8.12
Total Assets, 3 Yr. CAGR %	-1.49	-0.76	1.45	1.51	1.08
Tangible Book Value, 3 Yr. CAGR %	1.28	2.06	2.25	1.32	0.75
Common Equity, 3 Yr. CAGR %	1.28	2.06	2.25	1.32	0.88
Cash From Operations, 3 Yr. CAGR %	51.53	-13.82	-28.78	8.97	9.3
Capital Expenditures, 3 Yr. CAGR %	-36.97	98.94	102.18	88.6	-5.8
Levered Free Cash Flow, 3 Yr. CAGR %	38.28	-18.64	-45.73	-26.5	3.38
Unlevered Free Cash Flow, 3 Yr. CAGR %	51.23	-19.18	-44	-25.37	2.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.4	-4.52	-6.38	-6.13	-2.48
Gross Profit, 5 Yr. CAGR %	4.63	1.47	-11.32	-7.28	2.4
EBITDA, 5 Yr. CAGR %	-9.83	-3.53	-7.32	-0.22	7.8
EBITA, 5 Yr. CAGR %	-10.54	-2.29	-7.08	-2.54	6.57
EBIT, 5 Yr. CAGR %	-10.54	-2.29	-7.08	-2.54	6.57
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.87	-6.17	-12.11	9.75	5.33
Net Income, 5 Yr. CAGR %	-9.42	-1.35	-8.76	18.93	12.05
Normalized Net Income, 5 Yr. CAGR %	-9.59	4.21	-1.89	6.38	20.68
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.56	-9.24	-8.38	27.44	20.34
Accounts Receivable, 5 Yr. CAGR %	-7.04	-10.72	-5.92	-7.82	1.1
Inventory, 5 Yr. CAGR %	-8.1	-6.72	-6.65	-7.29	-8.18
Net Property, Plant and Equip., 5 Yr. CAGR %	-6.04	-4.42	-3.14	-3.31	-5.69
Total Assets, 5 Yr. CAGR %	0.26	0.83	0.1	0.15	0.8
Tangible Book Value, 5 Yr. CAGR %	2.06	1.82	1.43	1.64	1.52
Common Equity, 5 Yr. CAGR %	2.06	1.82	1.43	1.64	1.6
Cash From Operations, 5 Yr. CAGR %	59.17	-9.19	14.49	-0.98	-6.21
Capital Expenditures, 5 Yr. CAGR %	13.15	-1.02	-0.15	74.02	41.98
Levered Free Cash Flow, 5 Yr. CAGR %	12.42	-7.68	-6.08	-23.81	-11.86
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.45	-7.81	0.85	-23.34	-12.04