Cash flow OneForce Holdings Limited

Stocks

1933

KYG675611035

Investment Holding Companies

Market Closed - Hong Kong S.E. Other stock markets 04:08:11 2026-06-26 EDT			5-day change	1st Jan Change
0.1840 ^HKD	-8.46%		-5.64%	+42.64%

06-26	OneForce Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
11-28	OneForce Holdings Limited Reports Earnings Results for the Half Year Ended September 30, 2025	CI

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Published financial data: ONEFORCE HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	294M	377M	450M	491M	378M
Total Revenues	294M	377M	450M	491M	378M
Cost of Goods Sold, Total	227M	288M	355M	413M	326M
Gross Profit	66.95M	88.27M	94.88M	77.08M	51.6M
Selling General & Admin Expenses, Total	40.44M	54.68M	54.91M	55.1M	60.22M
Provision for Bad Debts	697K	8.36M	9.49M	11.89M	30.75M
Other Operating Expenses	-92K	-2.08M	-6.09M	-2.17M	-972K
Other Operating Expenses, Total	41.04M	60.97M	58.31M	64.82M	90M
Operating Income	25.91M	27.3M	36.57M	12.26M	-38.4M
Interest Expense, Total	-1.17M	-1.79M	-2.59M	-3.83M	-4.95M
Interest And Investment Income	534K	-	-	-	-
Net Interest Expenses	-637K	-1.79M	-2.59M	-3.83M	-4.95M
Income (Loss) On Equity Invest.	13K	179K	36K	9K	30K
EBT, Excl. Unusual Items	25.28M	25.69M	34.02M	8.44M	-43.32M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	125K	120K	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	25.41M	25.81M	34.02M	8.44M	-43.32M
Income Tax Expense	4.55M	3.79M	1.44M	79K	-5.77M
Earnings From Continuing Operations	20.86M	22.02M	32.57M	8.36M	-37.55M
Net Income to Company	20.86M	22.02M	32.57M	8.36M	-37.55M
Net Income - (IS)	20.86M	22.02M	32.57M	8.36M	-37.55M
Net Income to Common Incl Extra Items	20.86M	22.02M	32.57M	8.36M	-37.55M
Net Income to Common Excl. Extra Items	20.86M	22.02M	32.57M	8.36M	-37.55M
Per Share Items
Net EPS - Basic	0.04	0.04	0.07	0.02	-0.08
Basic EPS - Continuing Operations	0.04	0.04	0.07	0.02	-0.08
Basic Weighted Average Shares Outstanding	495M	495M	495M	495M	495M
Net EPS - Diluted	0.04	0.04	0.07	0.02	-0.08
Diluted EPS - Continuing Operations	0.04	0.04	0.07	0.02	-0.08
Diluted Weighted Average Shares Outstanding	495M	495M	495M	495M	495M
Normalized Basic EPS	0.03	0.03	0.04	0.01	-0.05
Normalized Diluted EPS	0.03	0.03	0.04	0.01	-0.05
Supplemental Items
EBITDA	27.32M	28.73M	37.89M	13.52M	-37.12M
EBITA	25.91M	27.3M	36.57M	12.26M	-38.4M
EBIT	25.91M	27.3M	36.57M	12.26M	-38.4M
EBITDAR	28.83M	31.4M	39.01M	15.96M	-34.44M
Effective Tax Rate - (Ratio)	17.92	14.69	4.25	0.94	13.32
Current Domestic Taxes	4.83M	6.02M	3.26M	2.28M	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	4.83M	6.02M	3.26M	2.28M	-
Deferred Domestic Taxes	-274K	-2.22M	-1.81M	-2.2M	-5.77M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-274K	-2.22M	-1.81M	-2.2M	-5.77M
Normalized Net Income	15.8M	16.06M	21.26M	5.27M	-27.08M
Interest on Long-Term Debt	-	-	-	15K	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	7.22M	5.5M	5.32M	6.6M	6.09M
General and Administrative Expenses	33.21M	49.18M	49.58M	48.5M	54.13M
Research And Development Expense From Footnotes	12.3M	29.14M	29.91M	24.51M	26.74M
Net Rental Expense, Total	1.51M	2.68M	1.12M	2.43M	2.68M
Imputed Operating Lease Interest Expense	620K	849K	323K	624K	724K
Imputed Operating Lease Depreciation	894K	1.83M	801K	1.81M	1.96M
Stock-Based Comp., Other (Total)	386K	73K	-	-	-
Total Stock-Based Compensation	386K	73K	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	31.7M	37.92M	55.52M	62.89M	56.15M
Short Term Investments	9.12M	-	-	-	-
Total Cash And Short Term Investments	40.83M	37.92M	55.52M	62.89M	56.15M
Accounts Receivable, Total	252M	344M	443M	497M	439M
Other Receivables	4.24M	913K	837K	1.18M	842K
Notes Receivable	6.21M	-	-	-	-
Total Receivables	262M	344M	444M	498M	440M
Inventory	12.51M	14.47M	19.42M	58.7M	44.34M
Prepaid Expenses	2.29M	2.44M	14.85M	6.44M	2.76M
Other Current Assets, Total	4.99M	2.7M	1.97M	1.58M	1.51M
Total Current Assets	323M	402M	535M	628M	545M
Gross Property Plant And Equipment	15M	14.94M	16.35M	15.94M	15.33M
Accumulated Depreciation	-5.38M	-7.25M	-8.45M	-9.72M	-11.14M
Net Property Plant And Equipment	9.62M	7.7M	7.9M	6.23M	4.19M
Long-term Investments	3.42M	3.6M	3.63M	3.64M	3.67M
Other Intangibles, Total	27.65M	19.16M	8.84M	3.34M	827K
Deferred Tax Assets Long-Term	193K	1.56M	3.37M	5.57M	11.34M
Other Long-Term Assets, Total	-	-	-	10M	88K
Total Assets	364M	434M	559M	657M	565M
Liabilities
Accounts Payable, Total	67.52M	95.23M	137M	152M	115M
Accrued Expenses, Total	13.36M	21.45M	38.4M	40.57M	35.78M
Short-term Borrowings	31.27M	57.08M	10.16M	10.17M	10.17M
Current Portion of Long-Term Debt	-	-	70.63M	132M	115M
Current Portion of Leases	646K	615K	1.23M	675K	224K
Current Income Taxes Payable	13.14M	18.63M	21.58M	23.94M	23.86M
Other Current Liabilities	22.9M	5.87M	8.3M	7.7M	8.13M
Total Current Liabilities	149M	199M	287M	367M	308M
Long-Term Debt	-	-	3M	9.92M	14.9M
Long-Term Leases	496K	-	677K	-	141K
Deferred Tax Liability Non Current	860K	-	-	-	-
Other Non Current Liabilities	-	-	-	2.06M	2.1M
Total Liabilities	150M	199M	291M	379M	325M
Common Stock, Total	4.13M	4.13M	4.13M	4.13M	4.13M
Additional Paid In Capital	140M	140M	140M	140M	140M
Retained Earnings	16.31M	38.33M	70.9M	79.26M	41.71M
Comprehensive Income and Other	53.05M	52.63M	53.42M	53.68M	53.78M
Total Common Equity	214M	235M	268M	277M	240M
Total Equity	214M	235M	268M	277M	240M
Total Liabilities And Equity	364M	434M	559M	657M	565M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	495M	495M	494M	495M	495M
ECS Total Common Shares Outstanding	495M	495M	494M	495M	495M
Book Value / Share	0.43	0.47	0.54	0.56	0.48
Tangible Book Value	186M	216M	260M	274M	239M
Tangible Book Value Per Share	0.38	0.44	0.53	0.55	0.48
Total Debt	32.41M	57.69M	85.7M	153M	140M
Net Debt	-8.42M	19.77M	30.18M	90.33M	84.28M
Debt Equivalent Oper. Leases	12.11M	21.4M	8.99M	19.46M	21.48M
Equity Method Investments, Total	3.42M	3.6M	3.63M	3.64M	3.67M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	12.23M	14.47M	19.42M	58.7M	44.34M
Inventories - Finished Goods, Total	277K	4K	-	-	-
Machinery, Total	1.98M	1.92M	2.07M	2.42M	2.42M
Full Time Employees	111	417	538	517	319
Accumulated Allowance for Doubtful Accounts (Supple)	9.95M	16.35M	25.03M	36.98M	67.95M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	20.86M	22.02M	32.57M	8.36M	-37.55M
Depreciation & Amortization - CF	1.86M	2.05M	1.94M	2.03M	2.42M
Depreciation & Amortization, Total	1.86M	2.05M	1.94M	2.03M	2.42M
Amortization of Deferred Charges, Total - (CF)	13.26M	11.42M	10.33M	5.5M	2.51M
(Gain) Loss on Sale of Investments - (CF)	-125K	-120K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-13K	-179K	-36K	-9K	-30K
Stock-Based Compensation (CF)	386K	73K	-	-	-
Provision and Write-off of Bad Debts	697K	8.36M	9.49M	11.89M	30.75M
Other Operating Activities, Total	5.62M	5.71M	3.73M	3.99M	-1.04M
Change In Accounts Receivable	-103M	-98.28M	-108M	-65.69M	26.49M
Change In Inventories	-2.86M	-2.62M	-4.95M	-39.28M	14.37M
Change In Accounts Payable	47.2M	27.71M	41.46M	15.25M	-36.76M
Change in Other Net Operating Assets	-1.84M	9.63M	17.52M	9.67M	0
Cash from Operations	-17.85M	-14.23M	3.9M	-48.28M	1.17M
Capital Expenditure	-459K	-3.07M	-146K	-357K	-1K
Sale of Property, Plant, and Equipment	16K	7K	-	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-4.07M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-9M	9M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	6M	-	-	-
Other Investing Activities, Total	-1.5M	1.74M	-	-	226K
Cash from Investing	-15.01M	13.69M	-146K	-357K	225K
Short Term Debt Issued, Total	56.41M	60.82M	-	2.06M	-
Long-Term Debt Issued, Total	-	-	84.13M	139M	132M
Total Debt Issued	56.41M	60.82M	84.13M	141M	132M
Short Term Debt Repaid, Total	-30.74M	-50.64M	-255K	-	-
Long-Term Debt Repaid, Total	-456K	-527K	-58.73M	-71.86M	-145M
Total Debt Repaid	-31.2M	-51.16M	-58.98M	-71.86M	-145M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-1.17M	-1.79M	-2.59M	-13.83M	4.96M
Cash from Financing	24.04M	7.87M	22.56M	55.74M	-8.22M
Foreign Exchange Rate Adjustments	-1.14M	-445K	608K	269K	81K
Net Change in Cash	-9.97M	6.87M	26.92M	7.37M	-6.74M
Supplemental Items
Cash Interest Paid	1.17M	1.79M	2.59M	3.83M	4.95M
Cash Income Tax Paid (Refund)	237K	532K	304K	-83K	82K
Levered Free Cash Flow	-12.63M	-31.38M	-17.83M	-53.36M	12.65M
Unlevered Free Cash Flow	-11.89M	-30.26M	-16.21M	-50.96M	15.74M
Change In Net Working Capital	39.07M	57.81M	51.19M	65.8M	-34.81M
Net Debt Issued / Repaid	25.21M	9.65M	25.15M	69.57M	-13.18M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.16	4.28	4.6	1.26	-3.93
Return on Total Capital	7.15	6.33	7.06	1.95	-5.92
Return On Equity %	10.25	9.82	12.94	3.06	-14.53
Return on Common Equity	10.25	9.82	12.94	3.06	-14.53
Margin Analysis
Gross Profit Margin %	22.8	23.43	21.09	15.71	13.66
SG&A Margin	13.77	14.52	12.21	11.23	15.95
EBITDA Margin %	9.3	7.63	8.42	2.76	-9.83
EBITA Margin %	8.82	7.25	8.13	2.5	-10.17
EBIT Margin %	8.82	7.25	8.13	2.5	-10.17
Income From Continuing Operations Margin %	7.1	5.85	7.24	1.7	-9.94
Net Income Margin %	7.1	5.85	7.24	1.7	-9.94
Net Avail. For Common Margin %	7.1	5.85	7.24	1.7	-9.94
Normalized Net Income Margin	5.38	4.26	4.73	1.07	-7.17
Levered Free Cash Flow Margin	-4.3	-8.33	-3.96	-10.88	3.35
Unlevered Free Cash Flow Margin	-4.05	-8.03	-3.6	-10.39	4.17
Asset Turnover
Asset Turnover	0.94	0.94	0.91	0.81	0.62
Fixed Assets Turnover	30.27	43.5	57.69	69.46	72.51
Receivables Turnover (Average Receivables)	1.46	1.27	1.14	1.04	0.81
Inventory Turnover (Average Inventory)	20.34	21.38	20.94	10.58	6.33
Short Term Liquidity
Current Ratio	2.17	2.02	1.87	1.71	1.77
Quick Ratio	1.99	1.92	1.74	1.53	1.61
Operating Cash Flow to Current Liabilities	-0.12	-0.07	0.01	-0.13	0
Days Sales Outstanding (Average Receivables)	249.39	288.38	318.99	350.56	452.44
Days Outstanding Inventory (Average Inventory)	17.94	17.07	17.43	34.58	57.67
Average Days Payable Outstanding	69.87	102.28	117.59	116.66	156.38
Cash Conversion Cycle (Average Days)	197.47	203.18	218.83	268.49	353.72
Long Term Solvency
Total Debt/Equity	15.18	24.54	31.92	55.3	58.6
Total Debt / Total Capital	13.18	19.7	24.2	35.61	36.95
LT Debt/Equity	0.23	-	1.37	3.58	6.28
Long-Term Debt / Total Capital	0.2	-	1.04	2.31	3.96
Total Liabilities / Total Assets	41.3	45.82	51.98	57.79	57.6
EBIT / Interest Expense	22.12	15.28	14.11	3.2	-7.75
EBITDA / Interest Expense	23.71	16.43	14.86	3.73	-7.26
(EBITDA - Capex) / Interest Expense	23.32	14.71	14.8	3.64	-7.26
Total Debt / EBITDA	1.17	1.97	2.23	10.72	-3.9
Net Debt / EBITDA	-0.3	0.67	0.78	6.32	-2.34
Total Debt / (EBITDA - Capex)	1.19	2.19	2.23	11	-3.9
Net Debt / (EBITDA - Capex)	-0.31	0.75	0.79	6.48	-2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	79.66	28.28	19.42	9.05	-23.01
Gross Profit, 1 Yr. Growth %	180.86	31.85	7.48	-18.76	-33.05
EBITDA, 1 Yr. Growth %	-192.72	5.17	31.35	-64.31	-374.48
EBITA, 1 Yr. Growth %	-179.58	5.39	33.36	-66.48	-413.22
EBIT, 1 Yr. Growth %	-179.58	5.39	33.36	-66.48	-413.22
Earnings From Cont. Operations, 1 Yr. Growth %	-130.15	5.59	47.9	-74.34	-549.32
Net Income, 1 Yr. Growth %	-130.15	5.59	47.9	-74.34	-549.32
Normalized Net Income, 1 Yr. Growth %	-179.45	1.63	31.77	-75.2	-613.51
Diluted EPS Before Extra, 1 Yr. Growth %	-130.32	5.59	47.9	-74.34	-549.34
Accounts Receivable, 1 Yr. Growth %	68.34	36.45	28.91	12.23	-11.58
Inventory, 1 Yr. Growth %	27.85	15.72	34.21	202.21	-24.48
Net Property, Plant and Equip., 1 Yr. Growth %	-1.62	-20.03	2.64	-21.18	-32.67
Total Assets, 1 Yr. Growth %	38.12	19.32	28.84	17.42	-13.92
Tangible Book Value, 1 Yr. Growth %	18.61	16.19	20.23	5.44	-12.77
Common Equity, 1 Yr. Growth %	10.32	10.12	14.19	3.21	-13.52
Cash From Operations, 1 Yr. Growth %	-222.28	-20.26	-127.41	-1.34K	-102.42
Capital Expenditures, 1 Yr. Growth %	383.16	567.97	-95.24	144.52	-99.72
Levered Free Cash Flow, 1 Yr. Growth %	9.67	155.28	-44.55	199.25	-123.7
Unlevered Free Cash Flow, 1 Yr. Growth %	9.56	154.43	-47.78	214.38	-130.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	59.73	51.81	23.77	14.11	-8.37
Gross Profit, 2 Yr. CAGR %	32.91	92.44	19.05	-6.56	-26.25
EBITDA, 2 Yr. CAGR %	28.21	-1.25	17.78	-31.53	-1.02
EBITA, 2 Yr. CAGR %	27.22	-8.42	18.81	-33.14	2.47
EBIT, 2 Yr. CAGR %	27.22	-8.42	18.81	-33.14	2.47
Earnings From Cont. Operations, 2 Yr. CAGR %	1.47	-43.58	24.97	-38.4	7.37
Net Income, 2 Yr. CAGR %	1.47	-43.58	24.97	-38.4	7.37
Normalized Net Income, 2 Yr. CAGR %	27.51	-10.14	15.99	-42.83	12.85
Diluted EPS Before Extra, 2 Yr. CAGR %	-10	-43.41	24.97	-38.4	7.37
Accounts Receivable, 2 Yr. CAGR %	46.53	51.56	32.62	20.28	-0.38
Inventory, 2 Yr. CAGR %	3.41	21.63	24.62	101.39	51.08
Net Property, Plant and Equip., 2 Yr. CAGR %	-39.29	-11.3	-9.4	-10.06	-27.15
Total Assets, 2 Yr. CAGR %	5.29	28.38	23.99	22.99	0.53
Tangible Book Value, 2 Yr. CAGR %	-0.57	17.39	18.19	12.59	-4.09
Common Equity, 2 Yr. CAGR %	-9.63	10.22	12.14	8.56	-5.52
Cash From Operations, 2 Yr. CAGR %	-43.04	-1.25	-53.25	84.17	-45.26
Capital Expenditures, 2 Yr. CAGR %	-22.89	468.1	-43.6	-65.88	-91.72
Levered Free Cash Flow, 2 Yr. CAGR %	-29.67	65.09	20.44	28.81	-15.78
Unlevered Free Cash Flow, 2 Yr. CAGR %	-31.55	66.96	16.74	28.13	-1.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	50.7	48.47	40.14	18.65	0.09
Gross Profit, 3 Yr. CAGR %	18.56	32.55	58.48	4.81	-16.39
EBITDA, 3 Yr. CAGR %	-5.13	20.02	8.75	-20.89	8.77
EBITA, 3 Yr. CAGR %	-6.49	19.48	3.95	-22.07	11.88
EBIT, 3 Yr. CAGR %	-6.49	19.48	3.95	-22.07	11.88
Earnings From Cont. Operations, 3 Yr. CAGR %	7.64	2.83	-22.2	-26.28	19.47
Net Income, 3 Yr. CAGR %	7.64	2.83	-22.2	-26.28	19.47
Normalized Net Income, 3 Yr. CAGR %	-7.25	18.22	2.25	-30.64	18.84
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.65	-5.08	-22.05	-26.28	19.47
Accounts Receivable, 3 Yr. CAGR %	40.31	43.09	43.6	25.44	8.55
Inventory, 3 Yr. CAGR %	15.89	7.36	25.69	67.43	45.23
Net Property, Plant and Equip., 3 Yr. CAGR %	130.58	-33.45	-6.88	-13.51	-18.33
Total Assets, 3 Yr. CAGR %	18.94	9.77	28.53	21.76	9.2
Tangible Book Value, 3 Yr. CAGR %	2.98	4.73	18.33	13.78	3.41
Common Equity, 3 Yr. CAGR %	4.27	-3.47	11.53	9.08	0.64
Cash From Operations, 3 Yr. CAGR %	60.44	-36.28	-35.59	39.33	-56.53
Capital Expenditures, 3 Yr. CAGR %	-2.29	58.36	15.4	-8.04	-93.12
Levered Free Cash Flow, 3 Yr. CAGR %	14.92	7.12	15.7	63.13	-26.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.66	6.03	14.3	62.42	-20.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	37.83	33.96	39.29	33.63	18.24
Gross Profit, 5 Yr. CAGR %	17.04	17.47	18.76	15.25	16.7
EBITDA, 5 Yr. CAGR %	1.57	-1.16	3.44	-4.03	4.73
EBITA, 5 Yr. CAGR %	0.6	-2.01	2.91	-5.19	3.36
EBIT, 5 Yr. CAGR %	0.6	-2.01	2.91	-5.19	3.36
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.21	4.11	14.26	-16.23	-11.5
Net Income, 5 Yr. CAGR %	-1.21	4.11	14.26	-16.23	-11.5
Normalized Net Income, 5 Yr. CAGR %	0.52	-3.2	1.43	-11.51	6.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-6.78	2.87	-20.15	-11.4
Accounts Receivable, 5 Yr. CAGR %	46.22	37.59	37.18	33.49	24.05
Inventory, 5 Yr. CAGR %	29.44	17.09	19.31	38.08	35.29
Net Property, Plant and Equip., 5 Yr. CAGR %	64.91	66.64	58.69	-24.93	-15.59
Total Assets, 5 Yr. CAGR %	26.78	27.48	20.93	14.88	16.5
Tangible Book Value, 5 Yr. CAGR %	25.15	15.8	8.82	7.81	8.79
Common Equity, 5 Yr. CAGR %	27.1	16.47	7.35	1.17	4.37
Cash From Operations, 5 Yr. CAGR %	-18.55	-5.41	-2.03	-2.58	-39.65
Capital Expenditures, 5 Yr. CAGR %	-3.73	138.18	-21.57	-14.29	-59.78
Levered Free Cash Flow, 5 Yr. CAGR %	-12.24	104.49	16.47	15.89	1.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.5	103.01	14.28	14.96	7.71