Income Statement Bahvest Resources

Stocks

0098

MYQ0098OO002

Gold

Market Closed - BURSA MALAYSIA 11:50:02 14/09/2026 +03			5-day change	1st Jan Change
0.3750 ^MYR	0.00%		-3.85%	-35.34%

09-04	AUMAS Resources Berhad Announces Maiden Mineral Resource Estimate For The Andrassy Gold Project	CI
08-27	AuMas Resources Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2026	CI

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Published financial data: BAHVEST RESOURCES

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	95.86M	149M	134M	170M	249M
Total Revenues	95.86M	149M	134M	170M	249M
Cost of Goods Sold, Total	82.55M	118M	119M	116M	189M
Gross Profit	13.3M	31.16M	14.84M	54.03M	59.47M
Selling General & Admin Expenses, Total	11.1M	10.5M	9.97M	5.59M	8.63M
Provision for Bad Debts	-	971K	-223K	1.36M	489K
Other Operating Expenses	689K	-248K	1.32M	2.05M	2.26M
Other Operating Expenses, Total	11.79M	11.22M	11.07M	8.99M	11.37M
Operating Income	1.51M	19.94M	3.77M	45.04M	48.1M
Interest Expense, Total	-1.29M	-1.38M	-1.36M	-1.01M	-589K
Interest And Investment Income	221K	69.23K	164K	1.51M	8.62M
Net Interest Expenses	-1.07M	-1.31M	-1.2M	503K	8.03M
Currency Exchange Gains (Loss)	743K	930K	-214K	-965K	90.92K
Other Non Operating Income (Expenses)	-766K	-	-	-	-1.5K
EBT, Excl. Unusual Items	413K	19.55M	2.36M	44.58M	56.21M
Impairment of Goodwill	-32.18K	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	121K	-	639K	892K	338K
Asset Writedown	-11.07M	-	-660	-7.74K	-474
Insurance Settlements	-	-	-	-	-
Other Unusual Items	10.93K	-5.74K	-	-	-
EBT, Incl. Unusual Items	-10.56M	19.55M	3M	45.46M	56.55M
Income Tax Expense	3.57M	7.13M	2.32M	12.94M	23.2M
Earnings From Continuing Operations	-14.13M	12.42M	674K	32.52M	33.35M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-14.13M	12.42M	674K	32.52M	33.35M
Net Income - (IS)	-14.13M	12.42M	674K	32.52M	33.35M
Net Income to Common Incl Extra Items	-14.13M	12.42M	674K	32.52M	33.35M
Net Income to Common Excl. Extra Items	-14.13M	12.42M	674K	32.52M	33.35M
Per Share Items
Net EPS - Basic	-0.01	0.01	0	0.02	0.02
Basic EPS - Continuing Operations	-0.01	0.01	0	0.02	0.02
Basic Weighted Average Shares Outstanding	1.23B	1.23B	1.24B	1.31B	1.82B
Net EPS - Diluted	-0.01	0.01	0	0.02	0.02
Diluted EPS - Continuing Operations	-0.01	0.01	0	0.02	0.02
Diluted Weighted Average Shares Outstanding	1.23B	1.88B	1.24B	1.31B	1.82B
Normalized Basic EPS	0	0.01	0	0.02	0.02
Normalized Diluted EPS	0	0.01	0	0.02	0.02
Dividend Per Share	-	-	-	-	0.04
Payout Ratio	-	-	-	-	136.54
Supplemental Items
EBITDA	11.08M	29.69M	19.85M	61.25M	63.27M
EBITA	4.04M	22.46M	6.3M	47.57M	50.63M
EBIT	1.51M	19.94M	3.77M	45.04M	48.1M
EBITDAR	11.1M	29.72M	29.89M	61.29M	-
Effective Tax Rate - (Ratio)	-33.82	36.46	77.52	28.47	41.03
Current Domestic Taxes	3.19M	6.68M	1.71M	13.54M	23.01M
Total Current Taxes	3.19M	6.68M	1.71M	13.54M	23.01M
Deferred Domestic Taxes	379K	443K	616K	-599K	193K
Total Deferred Taxes	379K	443K	616K	-599K	193K
Normalized Net Income	258K	12.22M	1.47M	27.86M	35.13M
Interest on Long-Term Debt	848K	1.24M	2.04M	999K	588K
Supplemental Operating Expense Items
Selling and Marketing Expenses	332K	-	-	-	-
General and Administrative Expenses	10.77M	10.5M	9.97M	5.59M	8.63M
Net Rental Expense, Total	21.16K	32.5K	114K	34.5K	-
Imputed Operating Lease Interest Expense	10.04K	18.51K	-	18.65K	-
Imputed Operating Lease Depreciation	11.12K	13.99K	-	15.85K	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	2.28M	7.66M	16.53M	300M	206M
Short Term Investments	786K	547K	6.93M	7.23M	54.52M
Total Cash And Short Term Investments	3.07M	8.21M	23.46M	307M	261M
Accounts Receivable, Total	6.67M	12.6M	2.33M	0	23.66M
Other Receivables	2.09M	1.28M	6.14M	4.61M	2.87M
Total Receivables	8.76M	13.88M	8.47M	4.61M	26.53M
Inventory	4.56M	9.35M	4.39M	5.75M	5.43M
Prepaid Expenses	346K	327K	313K	375K	22.23M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	16.73M	31.76M	36.64M	318M	315M
Gross Property Plant And Equipment	133M	146M	171M	128M	183M
Accumulated Depreciation	-71.16M	-82.31M	-99.83M	-69.65M	-124M
Net Property Plant And Equipment	61.73M	64.01M	71.09M	58.46M	58.78M
Goodwill	-	-	-	-	-
Other Intangibles, Total	70.2M	67.67M	63.87M	61.34M	58.81M
Accounts Receivable Long-Term	2.35M	1.47M	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	151M	165M	172M	438M	433M
Liabilities
Accounts Payable, Total	14.94M	10.24M	23.45M	13.46M	25.32M
Accrued Expenses, Total	2.63M	12.08M	1.89M	2.01M	569K
Short-term Borrowings	2.73M	30.58K	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	5.89M	7.08M	7.05M	4.98M	2.87M
Current Income Taxes Payable	-	1.26M	2.06K	1.97M	2.91M
Other Current Liabilities	3.33M	1.56M	1.44M	575K	1.39M
Total Current Liabilities	29.53M	32.26M	33.83M	22.98M	33.07M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	12.82M	9.94M	11.58M	6.3M	3.28M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	1.35M	1.79M	2.72M	2.12M	2.31M
Total Liabilities	43.7M	44M	48.13M	31.4M	38.65M
Common Stock, Total	292M	68.72M	70.82M	321M	321M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-190M	47.11M	52.65M	85.17M	72.98M
Comprehensive Income and Other	5.48M	5.07M	-	-	-
Total Common Equity	107M	121M	123M	406M	394M
Total Equity	107M	121M	123M	406M	394M
Total Liabilities And Equity	151M	165M	172M	438M	433M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.23B	1.24B	1.24B	1.82B	1.82B
ECS Total Common Shares Outstanding	1.23B	1.24B	1.24B	1.82B	1.82B
Book Value / Share	0.09	0.1	0.1	0.22	0.22
Tangible Book Value	37.1M	53.23M	59.6M	345M	335M
Tangible Book Value Per Share	0.03	0.04	0.05	0.19	0.18
Total Debt	21.45M	17.05M	18.63M	11.28M	6.15M
Net Debt	18.38M	8.85M	-4.83M	-296M	-255M
Debt Equivalent Oper. Leases	169K	260K	-	276K	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.2M	5.35M	3.2M	4.65M	4.78M
Inventories - Finished Goods, Total	2M	3.58M	309K	-	-
Inventories - Others	355K	410K	881K	1.11M	649K
Land - (BS)	-	-	-	-	-
Buildings, Total	38.46M	38.92M	41.88M	40.96M	42.42M
Machinery, Total	43.59M	46.25M	93.83M	63.32M	103M
Full Time Employees	195	181	219	240	317
Accumulated Allowance for Doubtful Accounts (Supple)	21.41M	22.37M	12.33M	13.69M	13.78M

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	-14.13M	12.42M	674K	32.52M	33.35M
Depreciation & Amortization - CF	11.92M	11.15M	13.73M	13.87M	12.92M
Amortization of Goodwill and Intangible Assets - (CF)	2.53M	2.53M	2.53M	2.53M	2.53M
Depreciation & Amortization, Total	14.45M	13.68M	16.26M	16.4M	15.44M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-121K	-	-639K	-892K	-338K
Asset Writedown & Restructuring Costs	17.75M	-	660	7.74K	474
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	1.33M	791K	-621K	1.36M	490K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-2.67M	1.88M	-3.51M	6.85M	-6.9M
Change In Accounts Receivable	-7.19M	-4.94M	4.23M	-4.43M	-22.16M
Change In Inventories	-5.35M	-4.79M	3.3M	-1.36M	326K
Change In Accounts Payable	675K	3.27M	1.93M	-10.7M	11.24M
Cash from Operations	4.74M	22.32M	21.63M	39.75M	31.46M
Capital Expenditure	-6.54M	-11.83M	-8.95M	-3.34M	-34.39M
Sale of Property, Plant, and Equipment	1.6M	-	1.05M	2.99M	50K
Cash Acquisitions	-	-	-	-	-47.4M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	1.6M	-	-	-199M	97.94M
Cash from Investing	-3.34M	-11.83M	-7.9M	-199M	16.2M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-73.93K	-265K	-30.58K	-	-
Long-Term Debt Repaid, Total	-5.92M	-3.29M	-13.26M	-7.35M	-5.58M
Total Debt Repaid	-5.99M	-3.56M	-8.86M	-7.35M	-5.58M
Issuance of Common Stock	2.48M	1.18M	1.04M	250M	-
Common Dividends Paid	-	-	-	-	-45.54M
Common & Preferred Stock Dividends Paid	-	-	-	-	-45.54M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-3.52M	-2.37M	-7.82M	243M	-51.12M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-2.12M	8.11M	5.91M	83.33M	-3.46M
Supplemental Items
Cash Interest Paid	1.29M	1.38M	1.36M	1.01M	589K
Cash Income Tax Paid (Refund)	3.31M	4.29M	6.05M	6M	22.07M
Levered Free Cash Flow	5.53M	8.1M	-	34.24M	-20.51M
Unlevered Free Cash Flow	6.33M	8.97M	-	34.87M	-20.15M
Change In Net Working Capital	2.52M	5.35M	-	6.33M	31.26M
Net Debt Issued / Repaid	-5.99M	-3.56M	-8.86M	-7.35M	-5.58M

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	0.6	7.89	-	9.24	6.91
Return on Total Capital	0.7	9.33	-	10.06	7.35
Return On Equity %	-12.49	10.89	-	12.28	8.34
Return on Common Equity	-12.49	10.89	-	12.28	8.34
Margin Analysis
Gross Profit Margin %	13.88	20.87	11.08	31.81	23.92
SG&A Margin	11.58	7.03	7.45	3.29	3.47
EBITDA Margin %	11.56	19.89	14.82	36.07	25.45
EBITA Margin %	4.21	15.05	4.71	28.01	20.37
EBIT Margin %	1.57	13.35	2.82	26.52	19.35
Income From Continuing Operations Margin %	-14.74	8.32	0.5	19.15	13.42
Net Income Margin %	-14.74	8.32	0.5	19.15	13.42
Net Avail. For Common Margin %	-14.74	8.32	0.5	19.15	13.42
Normalized Net Income Margin	0.27	8.19	1.1	16.41	14.13
Levered Free Cash Flow Margin	5.76	5.43	-	20.16	-8.25
Unlevered Free Cash Flow Margin	6.61	6	-	20.54	-8.1
Asset Turnover
Asset Turnover	0.61	0.95	-	0.56	0.57
Fixed Assets Turnover	1.44	2.37	-	2.62	4.24
Receivables Turnover (Average Receivables)	21.34	15.5	-	145.71	21.01
Inventory Turnover (Average Inventory)	15.92	17	-	22.82	33.82
Short Term Liquidity
Current Ratio	0.57	0.98	1.08	13.82	9.53
Quick Ratio	0.4	0.68	0.94	13.56	8.69
Operating Cash Flow to Current Liabilities	0.16	0.69	0.64	1.73	0.95
Days Sales Outstanding (Average Receivables)	17.1	23.55	-	2.51	17.37
Days Outstanding Inventory (Average Inventory)	22.93	21.48	-	16.04	10.79
Average Days Payable Outstanding	58.11	37.39	-	57.65	37.49
Cash Conversion Cycle (Average Days)	-18.07	7.64	-	-39.1	-9.33
Long Term Solvency
Total Debt/Equity	19.99	14.11	15.09	2.78	1.56
Total Debt / Total Capital	16.66	12.36	13.11	2.7	1.54
LT Debt/Equity	11.95	8.23	9.38	1.55	0.83
Long-Term Debt / Total Capital	9.96	7.21	8.15	1.51	0.82
Total Liabilities / Total Assets	28.94	26.68	28.05	7.18	8.94
EBIT / Interest Expense	1.17	14.43	2.77	44.57	81.69
EBITDA / Interest Expense	12.34	24.34	14.69	60.79	107.92
(EBITDA - Capex) / Interest Expense	7.28	15.77	8.13	57.48	49.51
Total Debt / EBITDA	1.34	0.51	0.93	0.18	0.1
Net Debt / EBITDA	1.15	0.26	-0.24	-4.81	-4.01
Total Debt / (EBITDA - Capex)	2.28	0.78	1.68	0.19	0.21
Net Debt / (EBITDA - Capex)	1.95	0.41	-0.44	-5.09	-8.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.76	55.76	-	26.82	46.37
Gross Profit, 1 Yr. Growth %	-110.16	134.27	-	264.03	10.07
EBITDA, 1 Yr. Growth %	-107.88	185.3	-	208.55	3.29
EBITA, 1 Yr. Growth %	-102.69	568.66	-	654.66	6.43
EBIT, 1 Yr. Growth %	-100.89	2.3K	-	1.09K	6.79
Earnings From Cont. Operations, 1 Yr. Growth %	-92.23	-187.88	-	4.72K	2.55
Net Income, 1 Yr. Growth %	-92.23	-187.88	-	4.72K	2.55
Normalized Net Income, 1 Yr. Growth %	-100.21	3.8K	-	1.79K	26.1
Diluted EPS Before Extra, 1 Yr. Growth %	-92.26	-157.4	-	4.57K	-26.4
Accounts Receivable, 1 Yr. Growth %	188	88.94	-	-100	-
Inventory, 1 Yr. Growth %	-21.7	105.21	-	30.97	-5.67
Net Property, Plant and Equip., 1 Yr. Growth %	-13.41	3.7	-	-17.76	0.54
Total Assets, 1 Yr. Growth %	-8.28	9.21	-	154.97	-1.13
Tangible Book Value, 1 Yr. Growth %	-19.69	43.48	-	478.5	-2.8
Common Equity, 1 Yr. Growth %	-9.8	12.68	-	228.92	-3
Cash From Operations, 1 Yr. Growth %	-72.03	370.69	-	83.77	-20.87
Capital Expenditures, 1 Yr. Growth %	-33.44	80.93	-	-62.65	928.76
Levered Free Cash Flow, 1 Yr. Growth %	-94.38	68.55	-	-	-159.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-93.63	59.66	-	-	-157.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.39	25.28	-	-	36.25
Gross Profit, 2 Yr. CAGR %	-20.32	-51.21	-	-	100.17
EBITDA, 2 Yr. CAGR %	-24.13	-54.05	-	-	78.52
EBITA, 2 Yr. CAGR %	-33.96	-61.31	-	-	183.41
EBIT, 2 Yr. CAGR %	-49.99	-65.78	-	-	257.01
Earnings From Cont. Operations, 2 Yr. CAGR %	57.45	-73.87	-	-	603.39
Net Income, 2 Yr. CAGR %	57.45	-73.87	-	-	603.39
Normalized Net Income, 2 Yr. CAGR %	-69.72	-68.18	-	-	388.12
Diluted EPS Before Extra, 2 Yr. CAGR %	57.09	-78.92	-	-	485.95
Accounts Receivable, 2 Yr. CAGR %	-46.2	133.27	-	-	218.6
Inventory, 2 Yr. CAGR %	-83.07	26.76	-	-	11.15
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.32	-5.24	-	-	-9.07
Total Assets, 2 Yr. CAGR %	-35.12	0.08	-	-	58.78
Tangible Book Value, 2 Yr. CAGR %	-57.69	7.35	-	-	137.13
Common Equity, 2 Yr. CAGR %	-40.21	0.81	-	-	78.62
Cash From Operations, 2 Yr. CAGR %	-44.98	14.73	-	-	20.59
Capital Expenditures, 2 Yr. CAGR %	-26.39	9.74	-	-	96.02
Levered Free Cash Flow, 2 Yr. CAGR %	-10.46	-71.3	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.46	-69.97	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	62.79	31.91	-	-	-
Gross Profit, 3 Yr. CAGR %	-37.84	14.14	-	-	-
EBITDA, 3 Yr. CAGR %	-38.45	15.53	-	-	-
EBITA, 3 Yr. CAGR %	-53.04	34.4	-	-	-
EBIT, 3 Yr. CAGR %	-66.18	49	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.66	29.64	-	-	-
Net Income, 3 Yr. CAGR %	-8.65	29.64	-	-	-
Normalized Net Income, 3 Yr. CAGR %	-77.84	63.15	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.3	12.3	-	-	-
Accounts Receivable, 3 Yr. CAGR %	-31.6	-18.23	-	-	-
Inventory, 3 Yr. CAGR %	-69.28	-61.12	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.25	-1.71	-	-	-
Total Assets, 3 Yr. CAGR %	-24.47	-22.82	-	-	-
Tangible Book Value, 3 Yr. CAGR %	-42.34	-36.43	-	-	-
Common Equity, 3 Yr. CAGR %	-28.19	-26.15	-	-	-
Cash From Operations, 3 Yr. CAGR %	-26.94	12.53	-	-	-
Capital Expenditures, 3 Yr. CAGR %	-34.64	-0.66	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-45.08	5.54	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-42.12	3.52	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	39.26	36.86	-	-	-
Gross Profit, 5 Yr. CAGR %	12.25	-1.71	-	-	-
EBITDA, 5 Yr. CAGR %	18.39	2.93	-	-	-
EBITA, 5 Yr. CAGR %	0.93	4.53	-	-	-
EBIT, 5 Yr. CAGR %	-17.12	2.06	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	33.43	2.52	-	-	-
Net Income, 5 Yr. CAGR %	33.43	2.52	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-36.59	0.19	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	24.05	-10.04	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-26.38	-19.89	-	-	-
Inventory, 5 Yr. CAGR %	-44.27	-37.89	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	6.08	10.2	-	-	-
Total Assets, 5 Yr. CAGR %	-2.25	-12.12	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-23.78	-21.73	-	-	-
Common Equity, 5 Yr. CAGR %	-5.74	-15.3	-	-	-
Cash From Operations, 5 Yr. CAGR %	2.68	12.04	-	-	-
Capital Expenditures, 5 Yr. CAGR %	18.43	74.74	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	10.39	-39.58	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.28	-38.26	-	-	-