Income Statement Tashin Holdings

Stocks

0211

MYQ0211OO001

Iron & Steel

Market Closed - BURSA MALAYSIA Other stock markets 04:50:02 2026-07-24 EDT			5-day change	1st Jan Change
0.1950 ^MYR	0.00%		-2.50%	-13.33%

06-04	Tashin Holdings Berhad Approves Single-Tier Final Dividend for the Financial Year Ended December 31, 2025	CI
05-20	Tashin Holdings Berhad Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: TASHIN HOLDINGS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	389M	434M	362M	373M	345M
Total Revenues	389M	434M	362M	373M	345M
Cost of Goods Sold, Total	285M	400M	333M	353M	319M
Gross Profit	103M	34.21M	29.52M	20.05M	25.33M
Selling General & Admin Expenses, Total	18.11M	18.09M	19.88M	20.83M	22.82M
Provision for Bad Debts	768K	-143K	172K	-210K	-705K
Other Operating Expenses	-	-3.46M	-1.77M	-1.48M	-
Other Operating Expenses, Total	18.88M	14.48M	18.28M	19.13M	22.11M
Operating Income	84.29M	19.73M	11.24M	919K	3.22M
Interest Expense, Total	-2.01M	-2.99M	-2.62M	-2.28M	-1.94M
Interest And Investment Income	627K	574K	672K	426K	-
Net Interest Expenses	-1.38M	-2.42M	-1.95M	-1.86M	-1.94M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	1.28M	1	-	-	2.71M
EBT, Excl. Unusual Items	84.2M	17.31M	9.29M	-937K	3.99M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	778	257	191	-
EBT, Incl. Unusual Items	84.2M	17.31M	9.29M	-937K	3.99M
Income Tax Expense	21.58M	4.18M	3.13M	160K	683K
Earnings From Continuing Operations	62.62M	13.12M	6.17M	-1.1M	3.31M
Net Income to Company	62.62M	13.12M	6.17M	-1.1M	3.31M
Net Income - (IS)	62.62M	13.12M	6.17M	-1.1M	3.31M
Net Income to Common Incl Extra Items	62.62M	13.12M	6.17M	-1.1M	3.31M
Net Income to Common Excl. Extra Items	62.62M	13.12M	6.17M	-1.1M	3.31M
Per Share Items
Net EPS - Basic	0.18	0.04	0.02	-0	0.01
Basic EPS - Continuing Operations	0.18	0.04	0.02	-0	0.01
Basic Weighted Average Shares Outstanding	349M	349M	349M	349M	349M
Net EPS - Diluted	0.18	0.04	0.02	-0	0.01
Diluted EPS - Continuing Operations	0.18	0.04	0.02	-0	0.01
Diluted Weighted Average Shares Outstanding	349M	349M	349M	349M	349M
Normalized Basic EPS	0.15	0.03	0.02	-0	0.01
Normalized Diluted EPS	0.15	0.03	0.02	-0	0.01
Dividend Per Share	0.05	0.02	0.02	-	0
Payout Ratio	13.93	79.77	113.21	-477.4	-
Supplemental Items
EBITDA	87.52M	23.35M	15.25M	5.15M	7.88M
EBITA	84.29M	19.73M	11.24M	919K	3.22M
EBIT	84.29M	19.73M	11.24M	919K	3.22M
EBITDAR	87.53M	23.39M	15.3M	5.19M	7.88M
Effective Tax Rate - (Ratio)	25.63	24.17	33.64	-17.07	17.11
Current Domestic Taxes	23.82M	4.81M	1.98M	-	-
Total Current Taxes	23.82M	4.81M	1.98M	788K	283K
Deferred Domestic Taxes	-2.24M	-630K	1.15M	-	-
Total Deferred Taxes	-2.24M	-630K	1.15M	-628K	400K
Normalized Net Income	52.62M	10.82M	5.81M	-586K	2.5M
Interest on Long-Term Debt	-	-	866K	757K	606K
Non-Cash Pension Expense	1.22M	150K	162K	175K	264K
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	1.95M	2.2M	3.47M	4.04M	4.41M
General and Administrative Expenses	16.15M	15.85M	16.37M	16.74M	18.41M
Net Rental Expense, Total	13.01K	41.95K	44.05K	45.06K	2.04K
Imputed Operating Lease Interest Expense	5.2K	16.4K	16.8K	14.58K	617
Imputed Operating Lease Depreciation	7.81K	25.55K	27.25K	30.47K	1.43K
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	72.03M	50.68M	25.51M	18.46M	7.42M
Short Term Investments	4.45M	83.14K	83.09K	111K	13.03M
Total Cash And Short Term Investments	76.47M	50.76M	25.59M	18.57M	20.46M
Accounts Receivable, Total	77.8M	84M	74.67M	73.03M	70.08M
Other Receivables	761K	3.09M	2.7M	2.98M	3.63M
Total Receivables	78.56M	87.09M	77.37M	76.01M	73.71M
Inventory	164M	109M	106M	139M	116M
Prepaid Expenses	2.49M	789K	235K	2.1M	4.71M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	322M	248M	210M	236M	215M
Gross Property Plant And Equipment	115M	173M	176M	199M	192M
Accumulated Depreciation	-38.1M	-43.1M	-48.27M	-52.95M	-48.33M
Net Property Plant And Equipment	77.26M	130M	128M	146M	144M
Total Assets	399M	378M	337M	382M	358M
Liabilities
Accounts Payable, Total	54.85M	30.87M	20.54M	19.77M	30.42M
Accrued Expenses, Total	6.14M	3.26M	2.74M	2.26M	3.44M
Short-term Borrowings	54.16M	46.02M	23.21M	55M	18.5M
Current Portion of Long-Term Debt	-	2.9M	2.9M	15.22M	13M
Current Portion of Leases	128K	392K	395K	309K	185K
Current Income Taxes Payable	9.07M	53.63K	-	-	3.57K
Other Current Liabilities	7.96M	6.42M	2.63M	2.96M	2.89M
Total Current Liabilities	132M	89.92M	52.41M	95.51M	68.44M
Long-Term Debt	-	18.12M	15.22M	-	-
Long-Term Leases	124K	623K	290K	272K	338K
Pension & Other Post Retirement Benefits	1.22M	1.37M	1.53M	2.1M	1.43M
Deferred Tax Liability Non Current	9.29M	8.66M	9.81M	14.94M	15.34M
Total Liabilities	143M	119M	79.26M	113M	85.54M
Common Stock, Total	179M	179M	179M	179M	179M
Retained Earnings	178M	182M	182M	176M	181M
Comprehensive Income and Other	-101M	-102M	-103M	-85.6M	-87.02M
Total Common Equity	256M	259M	258M	270M	273M
Total Equity	256M	259M	258M	270M	273M
Total Liabilities And Equity	399M	378M	337M	382M	358M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	349M	349M	349M	349M	349M
ECS Total Common Shares Outstanding	349M	349M	349M	349M	349M
Book Value / Share	0.73	0.74	0.74	0.77	0.78
Tangible Book Value	256M	259M	258M	270M	273M
Tangible Book Value Per Share	0.73	0.74	0.74	0.77	0.78
Total Debt	54.41M	68.06M	42.02M	70.8M	32.02M
Net Debt	-22.06M	17.3M	16.42M	52.23M	11.57M
Debt Equivalent Oper. Leases	104K	336K	352K	360K	16.35K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	125M	73.33M	69.71M	100M	66.89M
Inventories - Finished Goods, Total	39.27M	35.66M	36.71M	38.8M	49.01M
Land - (BS)	-	-	-	-	-
Buildings, Total	40.54M	64.51M	64.54M	80.74M	80.74M
Machinery, Total	44.87M	49.07M	61.82M	60.98M	64.8M
Full Time Employees	-	-	281	286	289
Accumulated Allowance for Doubtful Accounts (Supple)	1.23M	1.08M	1.26M	1.04M	340K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	62.62M	13.12M	6.17M	-1.1M	3.31M
Depreciation & Amortization - CF	3.95M	5.1M	5.81M	6.05M	6.56M
Depreciation & Amortization, Total	3.95M	5.1M	5.81M	6.05M	6.56M
(Gain) Loss From Sale Of Asset	8.09K	-	-103K	-49.97K	-70.37K
Asset Writedown & Restructuring Costs	-	-	97.34K	-	-
Provision and Write-off of Bad Debts	768K	-143K	172K	-128K	-695K
Other Operating Activities, Total	15.1M	-10.46M	-1.29M	854K	3.1M
Change In Accounts Receivable	-18.69M	257K	9.68M	210K	810K
Change In Inventories	-101M	56.88M	8.26M	-32.69M	22.26M
Change In Accounts Payable	53.97M	-28.52M	-14.76M	-690K	10.99M
Change in Other Net Operating Assets	-57.32K	-	-	-	-
Cash from Operations	16.48M	36.24M	14.02M	-27.54M	46.28M
Capital Expenditure	-5.84M	-56.47M	-3.75M	-766K	-3.45M
Sale of Property, Plant, and Equipment	122K	-	279K	319K	111K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Other Investing Activities, Total	627K	-	-	-	-
Cash from Investing	-5.09M	-56.47M	-3.47M	-447K	-3.34M
Short Term Debt Issued, Total	28.56M	-	1M	135M	60.11M
Long-Term Debt Issued, Total	-	21.02M	-	-	-
Total Debt Issued	28.56M	21.02M	1M	135M	60.11M
Short Term Debt Repaid, Total	-	-8.14M	-23.81M	-103M	-96.61M
Long-Term Debt Repaid, Total	-182K	-557K	-3.34M	-3.36M	-2.6M
Total Debt Repaid	-182K	-8.7M	-27.15M	-106M	-99.21M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-8.72M	-10.47M	-6.98M	-5.23M	-
Common & Preferred Stock Dividends Paid	-8.72M	-10.47M	-6.98M	-5.23M	-
Other Financing Activities, Total	-2M	-2.97M	-2.59M	-2.25M	-1.94M
Cash from Financing	17.65M	-1.11M	-35.72M	20.94M	-41.04M
Net Change in Cash	29.04M	-21.35M	-25.16M	-7.05M	1.9M
Supplemental Items
Cash Interest Paid	2M	2.97M	2.59M	2.25M	1.94M
Cash Income Tax Paid (Refund)	16.19M	16.42M	1.61M	1.41M	676K
Levered Free Cash Flow	3.45M	-29.78M	5.57M	-29.8M	38.7M
Unlevered Free Cash Flow	4.7M	-27.91M	7.21M	-28.37M	39.91M
Change In Net Working Capital	46.1M	-11.14M	1.88M	34.23M	-34.79M
Net Debt Issued / Repaid	28.38M	12.32M	-26.15M	28.43M	-39.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	16.24	3.17	1.97	0.16	0.54
Return on Total Capital	19.74	3.87	2.24	0.18	0.62
Return On Equity %	27.61	5.1	2.39	-0.42	1.22
Return on Common Equity	27.61	5.1	2.39	-0.42	1.22
Margin Analysis
Gross Profit Margin %	26.55	7.88	8.14	5.38	7.35
SG&A Margin	4.66	4.17	5.48	5.59	6.62
EBITDA Margin %	22.52	5.38	4.21	1.38	2.29
EBITA Margin %	21.69	4.54	3.1	0.25	0.93
EBIT Margin %	21.69	4.54	3.1	0.25	0.93
Income From Continuing Operations Margin %	16.11	3.02	1.7	-0.29	0.96
Net Income Margin %	16.11	3.02	1.7	-0.29	0.96
Net Avail. For Common Margin %	16.11	3.02	1.7	-0.29	0.96
Normalized Net Income Margin	13.54	2.49	1.6	-0.16	0.72
Levered Free Cash Flow Margin	0.89	-6.86	1.54	-7.99	11.23
Unlevered Free Cash Flow Margin	1.21	-6.43	1.99	-7.61	11.58
Asset Turnover
Asset Turnover	1.2	1.12	1.01	1.04	0.93
Fixed Assets Turnover	5.32	4.19	2.81	2.72	2.38
Receivables Turnover (Average Receivables)	5.48	5.37	4.57	5.05	4.82
Inventory Turnover (Average Inventory)	2.43	2.93	3.09	2.87	2.5
Short Term Liquidity
Current Ratio	2.43	2.75	4	2.47	3.14
Quick Ratio	1.17	1.53	1.96	0.99	1.38
Operating Cash Flow to Current Liabilities	0.12	0.4	0.27	-0.29	0.68
Days Sales Outstanding (Average Receivables)	66.66	67.99	79.89	72.5	75.8
Days Outstanding Inventory (Average Inventory)	150.02	124.69	118.08	127.43	145.84
Average Days Payable Outstanding	31.85	45.39	28.4	19.13	30.95
Cash Conversion Cycle (Average Days)	184.83	147.29	169.57	180.8	190.68
Long Term Solvency
Total Debt/Equity	21.24	26.29	16.28	26.27	11.74
Total Debt / Total Capital	17.52	20.82	14	20.8	10.5
LT Debt/Equity	0.05	7.24	6.01	0.1	0.12
Long-Term Debt / Total Capital	0.04	5.73	5.17	0.08	0.11
Total Liabilities / Total Assets	35.81	31.44	23.5	29.51	23.87
EBIT / Interest Expense	42.03	6.59	4.29	0.4	1.66
EBITDA / Interest Expense	44	8.29	6.5	3.05	5.04
(EBITDA - Capex) / Interest Expense	41.09	-10.58	5.07	2.72	3.26
Total Debt / EBITDA	0.62	2.74	2.46	10.16	3.27
Net Debt / EBITDA	-0.25	0.7	0.96	7.49	1.18
Total Debt / (EBITDA - Capex)	0.66	-2.15	3.16	11.41	5.06
Net Debt / (EBITDA - Capex)	-0.27	-0.55	1.23	8.42	1.83
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	62.52	11.75	-16.54	2.87	-7.58
Gross Profit, 1 Yr. Growth %	346.76	-66.84	-13.71	-32.07	26.32
EBITDA, 1 Yr. Growth %	538.35	-73.71	-34.67	-66.24	106.17
EBITA, 1 Yr. Growth %	686.73	-76.95	-43.01	-91.82	-674.17
EBIT, 1 Yr. Growth %	686.73	-76.95	-43.01	-91.82	-674.17
Earnings From Cont. Operations, 1 Yr. Growth %	575.62	-79.04	-53.02	-117.78	-401.84
Net Income, 1 Yr. Growth %	575.62	-79.04	-53.02	-117.78	-401.84
Normalized Net Income, 1 Yr. Growth %	600.52	-79.44	-46.32	-110.08	-526.31
Diluted EPS Before Extra, 1 Yr. Growth %	575.52	-79.04	-53.02	-117.79	-401.81
Accounts Receivable, 1 Yr. Growth %	21.28	7.97	-11.1	-2.2	-4.04
Inventory, 1 Yr. Growth %	133.82	-33.7	-2.35	30.82	-16.76
Net Property, Plant and Equip., 1 Yr. Growth %	12.3	68.17	-1.74	14.7	-1.94
Total Assets, 1 Yr. Growth %	59.85	-5.41	-10.66	13.36	-6.27
Tangible Book Value, 1 Yr. Growth %	29.82	1.04	-0.31	4.46	1.23
Common Equity, 1 Yr. Growth %	29.82	1.04	-0.31	4.46	1.23
Cash From Operations, 1 Yr. Growth %	-7.5	111.85	-61.31	-296.43	-268.03
Capital Expenditures, 1 Yr. Growth %	294.44	867.15	-93.37	-79.56	350.87
Levered Free Cash Flow, 1 Yr. Growth %	-73.11	-800.85	-118.7	-635.16	-225.97
Unlevered Free Cash Flow, 1 Yr. Growth %	-65.78	-607.21	-125.83	-493.62	-236.24
Dividend Per Share, 1 Yr. Growth %	900	-60	-25	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.74	34.76	-3.43	-7.35	-2.49
Gross Profit, 2 Yr. CAGR %	177	21.71	-46.51	-23.43	-7.36
EBITDA, 2 Yr. CAGR %	339.8	30.49	-58.56	-53.04	-28.12
EBITA, 2 Yr. CAGR %	664.34	35.68	-63.75	-78.41	-46.48
EBIT, 2 Yr. CAGR %	664.34	35.68	-63.75	-78.41	-46.48
Earnings From Cont. Operations, 2 Yr. CAGR %	1.15K	19	-68.62	-71.1	-26.73
Net Income, 2 Yr. CAGR %	1.15K	19	-68.62	-71.1	-26.73
Normalized Net Income, 2 Yr. CAGR %	651.11	20	-66.78	-76.73	-34.44
Diluted EPS Before Extra, 2 Yr. CAGR %	1.12K	19	-68.62	-71.1	-26.73
Accounts Receivable, 2 Yr. CAGR %	17.65	14.43	-2.03	-6.76	-3.12
Inventory, 2 Yr. CAGR %	38.35	24.51	-19.54	13.03	4.36
Net Property, Plant and Equip., 2 Yr. CAGR %	4.53	37.42	28.55	6.16	6.06
Total Assets, 2 Yr. CAGR %	25.56	22.96	-8.07	0.63	3.08
Tangible Book Value, 2 Yr. CAGR %	16.71	14.53	0.36	2.04	2.83
Common Equity, 2 Yr. CAGR %	16.71	14.53	0.36	2.04	2.83
Cash From Operations, 2 Yr. CAGR %	-18.67	42.62	-9.47	-12.82	81.68
Capital Expenditures, 2 Yr. CAGR %	173.66	517.64	-19.9	-88.36	-4
Levered Free Cash Flow, 2 Yr. CAGR %	-64.52	52.36	14.47	0.03	163.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	-57.84	42.5	14.45	0.82	135.32
Dividend Per Share, 2 Yr. CAGR %	-	100	-45.23	-	-42.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.26	22.17	14.87	-1.38	-7.42
Gross Profit, 3 Yr. CAGR %	60.06	36.52	8.53	-42.07	-9.53
EBITDA, 3 Yr. CAGR %	73.07	72.8	3.62	-61.3	-30.38
EBITA, 3 Yr. CAGR %	85.47	139.11	1.62	-77.93	-45.35
EBIT, 3 Yr. CAGR %	85.47	139.11	1.62	-77.93	-45.35
Earnings From Cont. Operations, 3 Yr. CAGR %	77.06	220.57	-12.7	-74.03	-36.82
Net Income, 3 Yr. CAGR %	77.06	220.57	-12.7	-74.03	-36.82
Normalized Net Income, 3 Yr. CAGR %	78.4	126.35	-8.23	-77.68	-38.67
Diluted EPS Before Extra, 3 Yr. CAGR %	77.05	215.63	-12.71	-74.03	-36.82
Accounts Receivable, 3 Yr. CAGR %	16.79	14.33	5.19	-2.08	-5.86
Inventory, 3 Yr. CAGR %	36.4	8.27	14.82	-5.38	2.07
Net Property, Plant and Equip., 3 Yr. CAGR %	1.73	22.48	22.89	23.76	3.39
Total Assets, 3 Yr. CAGR %	25.29	14.24	10.54	-1.42	-1.72
Tangible Book Value, 3 Yr. CAGR %	18.04	11.23	9.35	1.71	1.77
Common Equity, 3 Yr. CAGR %	18.04	11.23	9.35	1.71	1.77
Cash From Operations, 3 Yr. CAGR %	-15.63	13.31	-7.67	17.2	8.49
Capital Expenditures, 3 Yr. CAGR %	59.7	316.84	36.28	-49.19	-60.6
Levered Free Cash Flow, 3 Yr. CAGR %	-42.75	2.81	-24.29	91.41	9.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-38.47	1.8	-19.36	72.76	12.67
Dividend Per Share, 3 Yr. CAGR %	-26.32	-	44.22	-	-37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.6	11	6.83	9.38	7.58
Gross Profit, 5 Yr. CAGR %	28.79	-1	3.25	8.32	1.87
EBITDA, 5 Yr. CAGR %	32.11	-1.36	-2.01	2.62	-10.49
EBITA, 5 Yr. CAGR %	34.58	-1.98	-3.18	-8.62	-21.37
EBIT, 5 Yr. CAGR %	34.58	-1.98	-3.18	-8.62	-21.37
Earnings From Cont. Operations, 5 Yr. CAGR %	38.74	-3.54	-11.38	22.45	-18.61
Net Income, 5 Yr. CAGR %	38.74	-3.54	-11.38	22.45	-18.61
Normalized Net Income, 5 Yr. CAGR %	36.83	-4.26	-8.93	-8.89	-19.78
Diluted EPS Before Extra, 5 Yr. CAGR %	38.74	-3.53	-11.38	21.31	-18.61
Accounts Receivable, 5 Yr. CAGR %	5.25	8.77	8.86	5.38	1.78
Inventory, 5 Yr. CAGR %	19.61	1.11	10.44	10.15	10.52
Net Property, Plant and Equip., 5 Yr. CAGR %	9.31	11.39	11.71	15.67	15.86
Total Assets, 5 Yr. CAGR %	16.49	7.68	10.69	8.59	7.49
Tangible Book Value, 5 Yr. CAGR %	17.23	12.32	10.62	7.46	6.69
Common Equity, 5 Yr. CAGR %	17.23	12.32	10.62	7.46	6.69
Cash From Operations, 5 Yr. CAGR %	-9.9	18.92	-12.57	2.03	21.04
Capital Expenditures, 5 Yr. CAGR %	28.93	108.81	21.18	-0.36	18.46
Levered Free Cash Flow, 5 Yr. CAGR %	-34.97	66.85	-21.25	1.69	24.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-31.48	49.8	-18.62	1.41	23.77
Dividend Per Share, 5 Yr. CAGR %	-	-	-34.56	-	0