Income Statement MSMLTD Singapore S.E.

Stocks

5QR

SG2B09957087

Industrial Machinery & Equipment

Market Closed - Singapore S.E. 11:21:48 17/06/2026 +03			5-day change	1st Jan Change
0.2000 ^SGD	-4.76%		-.--%	-25.93%

07-16	MSM International Shelves Factory Project, Agrees to MYR19 Million Land Sale	MT
05-30	MSM International Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: MSMLTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	78.9M	81.53M	90.42M	82.28M	108M
Total Revenues	78.9M	81.53M	90.42M	82.28M	108M
Cost of Goods Sold, Total	60.52M	60.81M	70.15M	60.68M	85M
Gross Profit	18.39M	20.72M	20.27M	21.6M	23.4M
Selling General & Admin Expenses, Total	16.22M	17.42M	18.28M	19.09M	21.21M
Other Operating Expenses, Total	16.22M	17.42M	18.28M	19.09M	21.21M
Operating Income	2.17M	3.3M	1.99M	2.51M	2.18M
Interest Expense, Total	-3.24M	-3.52M	-3.62M	-3.6M	-3.22M
Interest And Investment Income	20K	24K	35K	33K	41K
Net Interest Expenses	-3.22M	-3.5M	-3.58M	-3.56M	-3.18M
Income (Loss) On Equity Invest.	2.08M	1.06M	607K	-2.58M	16K
Currency Exchange Gains (Loss)	-102K	-72K	-129K	-58K	-29K
Other Non Operating Income (Expenses)	1.04M	754K	862K	980K	408K
EBT, Excl. Unusual Items	1.98M	1.54M	-256K	-2.7M	-601K
Gain (Loss) On Sale Of Investments	-377K	-3.64M	564K	14.45M	1.14M
Gain (Loss) On Sale Of Assets	1.89M	54K	145K	-248K	156K
Insurance Settlements	516K	2.78M	415K	-	46K
Other Unusual Items	32K	-	-	-	-
EBT, Incl. Unusual Items	4.03M	731K	868K	11.5M	745K
Income Tax Expense	265K	99K	467K	377K	586K
Earnings From Continuing Operations	3.77M	632K	401K	11.12M	159K
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	3.77M	632K	401K	11.12M	159K
Minority Interest	-236K	34K	-24K	-9K	-129K
Net Income - (IS)	3.53M	666K	377K	11.11M	30K
Net Income to Common Incl Extra Items	3.53M	666K	377K	11.11M	30K
Net Income to Common Excl. Extra Items	3.53M	666K	377K	11.11M	30K
Per Share Items
Net EPS - Basic	0.13	0.03	0.01	0.42	0
Basic EPS - Continuing Operations	0.13	0.03	0.01	0.42	0
Basic Weighted Average Shares Outstanding	26.35M	26.35M	26.35M	26.35M	26.35M
Net EPS - Diluted	0.13	0.03	0.01	0.42	0
Diluted EPS - Continuing Operations	0.13	0.03	0.01	0.42	0
Diluted Weighted Average Shares Outstanding	26.35M	26.35M	26.35M	26.35M	26.35M
Normalized Basic EPS	0.04	0.04	-0.01	-0.06	-0.02
Normalized Diluted EPS	0.04	0.04	-0.01	-0.06	-0.02
Supplemental Items
EBITDA	4.02M	5.01M	3.55M	4.05M	4.44M
EBITA	2.17M	3.3M	1.99M	2.51M	2.18M
EBIT	2.17M	3.3M	1.99M	2.51M	2.18M
EBITDAR	4.15M	5.56M	4.72M	5.01M	5.16M
Effective Tax Rate - (Ratio)	6.57	13.54	53.8	3.28	78.66
Current Domestic Taxes	265K	52K	467K	377K	-
Total Current Taxes	265K	52K	467K	377K	586K
Total Deferred Taxes	-	47K	-	-	-
Normalized Net Income	998K	995K	-184K	-1.7M	-505K
Interest on Long-Term Debt	582K	455K	468K	445K	420K
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.62M	4.04M	3.79M	3.98M	4.56M
General and Administrative Expenses	12.6M	13.38M	14.5M	15.11M	16.65M
Net Rental Expense, Total	128K	555K	1.17M	960K	718K
Imputed Operating Lease Interest Expense	44.42K	240K	560K	477K	329K
Imputed Operating Lease Depreciation	83.58K	315K	614K	483K	389K
Maintenance & Repair Expenses, Total	1.45M	1.97M	1.92M	1.95M	2.33M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	11.32M	9.23M	7.42M	16.56M	17.6M
Short Term Investments	2M	2.02M	2.03M	1.79M	2.25M
Trading Asset Securities, Total	-	-	-	4.92M	2.02M
Total Cash And Short Term Investments	13.32M	11.26M	9.45M	23.28M	21.88M
Accounts Receivable, Total	23.98M	20.37M	22.24M	26.45M	35.25M
Other Receivables	10.45M	4.72M	2.06M	2.54M	2.34M
Total Receivables	34.42M	25.08M	24.3M	28.99M	37.59M
Inventory	9.72M	10.04M	9.32M	9.4M	8.96M
Prepaid Expenses	3.05M	3.16M	5.94M	6.75M	4.96M
Other Current Assets, Total	2.18M	1.16M	-	-	2.39M
Total Current Assets	62.7M	50.7M	49M	68.42M	75.78M
Gross Property Plant And Equipment	76.89M	75.4M	70.97M	76.06M	79.85M
Accumulated Depreciation	-34.9M	-32.56M	-32.19M	-32.62M	-33.33M
Net Property Plant And Equipment	41.99M	42.84M	38.78M	43.44M	46.52M
Long-term Investments	9.9M	13.82M	14.43M	-	516K
Other Long-Term Assets, Total	3.56M	3.5M	5.54M	5.48M	4.02M
Total Assets	118M	111M	108M	117M	127M
Liabilities
Accounts Payable, Total	11.4M	11.41M	9.28M	10.41M	15.48M
Accrued Expenses, Total	2.55M	3.19M	3.71M	4.27M	4.38M
Short-term Borrowings	32.53M	27M	28.5M	27.58M	27.17M
Current Portion of Long-Term Debt	2.24M	2.64M	2.73M	2.86M	2.61M
Current Portion of Leases	3.53M	2.83M	2.4M	2.41M	2.78M
Unearned Revenue Current, Total	-	-	-	-	1.8M
Other Current Liabilities	2.68M	2.04M	1.62M	2.29M	4.09M
Total Current Liabilities	54.92M	49.12M	48.24M	49.81M	58.33M
Long-Term Debt	26.02M	23.58M	20.97M	18.95M	18.72M
Long-Term Leases	4.93M	5.31M	5.29M	4.22M	5.24M
Deferred Tax Liability Non Current	96K	143K	143K	143K	143K
Total Liabilities	85.98M	78.15M	74.64M	73.12M	82.44M
Common Stock, Total	30.16M	30.16M	30.16M	30.16M	30.16M
Retained Earnings	1.04M	1.71M	2.08M	13.11M	13.14M
Comprehensive Income and Other	-35K	-122K	-132K	-56K	-49K
Total Common Equity	31.16M	31.74M	32.11M	43.22M	43.25M
Minority Interest	1.01M	975K	999K	1.01M	1.14M
Total Equity	32.17M	32.72M	33.11M	44.22M	44.39M
Total Liabilities And Equity	118M	111M	108M	117M	127M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.35M	26.35M	26.35M	26.35M	26.35M
ECS Total Common Shares Outstanding	26.35M	26.35M	26.35M	26.35M	26.35M
Book Value / Share	1.18	1.2	1.22	1.64	1.64
Tangible Book Value	31.16M	31.74M	32.11M	43.22M	43.25M
Tangible Book Value Per Share	1.18	1.2	1.22	1.64	1.64
Total Debt	69.25M	61.36M	59.9M	56.01M	56.53M
Net Debt	55.93M	50.11M	50.45M	32.73M	34.66M
Debt Equivalent Oper. Leases	1.02M	4.44M	9.39M	7.68M	5.74M
Minority Interest, Total (Incl. Fin. Div)	1.01M	975K	999K	1.01M	1.14M
Equity Method Investments, Total	9.9M	13.82M	14.43M	-	516K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	2.62M	2.17M	2.3M	2.63M	2.52M
Inventories - Work In Process, Total	2.83M	2.84M	2.85M	3.24M	2.44M
Inventories - Finished Goods, Total	4.27M	5.03M	4.16M	3.53M	3.99M
Land - (BS)	33.29M	32.78M	29.62M	30.34M	34.96M
Machinery, Total	38.72M	37.11M	35.51M	38.35M	39.68M
Accumulated Allowance for Doubtful Accounts (Supple)	3.05M	2.46M	1.9M	209K	209K

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	3.53M	666K	377K	11.11M	30K
Depreciation & Amortization - CF	4.41M	4.12M	3.46M	3.43M	4.28M
Depreciation & Amortization, Total	4.41M	4.12M	3.46M	3.43M	4.28M
(Gain) Loss From Sale Of Asset	-1.89M	-54K	-145K	248K	-156K
(Gain) Loss on Sale of Investments - (CF)	-	-3.2M	-	-14.32M	-1.14M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-2.08M	-1.06M	-607K	2.58M	-16K
Other Operating Activities, Total	1.84M	1.81M	1.89M	1.67M	2.58M
Change In Accounts Receivable	-6.81M	10.36M	1.89M	-4.59M	-9.64M
Change In Inventories	457K	-319K	727K	-475K	447K
Change In Accounts Payable	10.68M	265K	616K	2.5M	8.53M
Change in Other Net Operating Assets	-3.44M	-3M	-3.4M	-1.22M	1.02M
Cash from Operations	6.7M	9.58M	4.81M	945K	5.93M
Capital Expenditure	-420K	-3.15M	-1.68M	-7.8M	-3.78M
Sale of Property, Plant, and Equipment	170K	2.07M	876K	1.01M	549K
Divestitures	138K	-	-	337K	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	21.24M	3.81M
Other Investing Activities, Total	-	346K	-	-	-
Cash from Investing	-112K	-738K	-807K	14.79M	580K
Long-Term Debt Issued, Total	-	-	-	739K	2.24M
Total Debt Issued	-	-	-	739K	2.24M
Long-Term Debt Repaid, Total	-4.62M	-6.38M	-6.1M	-5.32M	-6.06M
Total Debt Repaid	-4.62M	-6.38M	-6.1M	-5.32M	-6.06M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-1.88M	-1.91M	-1.85M	-1.76M	-6.1M
Cash from Financing	-6.5M	-8.29M	-7.96M	-6.34M	-9.91M
Net Change in Cash	87K	549K	-3.96M	9.39M	-3.4M
Supplemental Items
Cash Interest Paid	3.24M	3.52M	3.62M	3.6M	3.22M
Cash Income Tax Paid (Refund)	399K	54K	413K	440K	-302K
Levered Free Cash Flow	227K	10.76M	-1.39M	-8.27M	-104K
Unlevered Free Cash Flow	2.25M	12.97M	870K	-6.02M	1.91M
Change In Net Working Capital	3.1M	-9.94M	2.15M	3.22M	-39K
Net Debt Issued / Repaid	-4.62M	-6.38M	-6.1M	-4.58M	-3.82M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	1.12	1.8	1.14	1.4	1.12
Return on Total Capital	1.29	2.11	1.33	1.63	1.36
Return On Equity %	12.44	1.95	1.22	28.76	0.36
Return on Common Equity	12.02	2.12	1.18	29.5	0.07
Margin Analysis
Gross Profit Margin %	23.3	25.41	22.42	26.25	21.58
SG&A Margin	20.56	21.37	20.22	23.2	19.57
EBITDA Margin %	5.1	6.14	3.92	4.93	4.1
EBITA Margin %	2.75	4.04	2.2	3.05	2.02
EBIT Margin %	2.75	4.04	2.2	3.05	2.02
Income From Continuing Operations Margin %	4.78	0.78	0.44	13.52	0.15
Net Income Margin %	4.48	0.82	0.42	13.5	0.03
Net Avail. For Common Margin %	4.48	0.82	0.42	13.5	0.03
Normalized Net Income Margin	1.27	1.22	-0.2	-2.06	-0.47
Levered Free Cash Flow Margin	0.29	13.2	-1.54	-10.05	-0.1
Unlevered Free Cash Flow Margin	2.85	15.91	0.96	-7.32	1.76
Asset Turnover
Asset Turnover	0.65	0.71	0.83	0.73	0.89
Fixed Assets Turnover	1.64	1.92	2.22	2	2.41
Receivables Turnover (Average Receivables)	3.55	3.68	4.24	3.38	3.51
Inventory Turnover (Average Inventory)	5.84	6.15	7.25	6.48	9.26
Short Term Liquidity
Current Ratio	1.14	1.03	1.02	1.37	1.3
Quick Ratio	0.87	0.74	0.7	1.05	1.02
Operating Cash Flow to Current Liabilities	0.12	0.19	0.1	0.02	0.1
Days Sales Outstanding (Average Receivables)	102.96	99.26	86.23	107.99	103.87
Days Outstanding Inventory (Average Inventory)	62.49	59.32	50.5	56.3	39.43
Average Days Payable Outstanding	64.56	68.1	54.54	59.12	55.89
Cash Conversion Cycle (Average Days)	100.89	90.48	82.2	105.18	87.41
Long Term Solvency
Total Debt/Equity	215.25	187.55	180.9	126.65	127.36
Total Debt / Total Capital	68.28	65.22	64.4	55.88	56.02
LT Debt/Equity	96.22	88.29	79.32	52.38	53.98
Long-Term Debt / Total Capital	30.52	30.71	28.24	23.11	23.74
Total Liabilities / Total Assets	72.77	70.49	69.27	62.31	65
EBIT / Interest Expense	0.67	0.94	0.55	0.7	0.68
EBITDA / Interest Expense	2.03	2.1	1.51	1.65	2.01
(EBITDA - Capex) / Interest Expense	1.9	1.21	1.04	-0.52	0.83
Total Debt / EBITDA	10.52	8.27	10.99	9.42	8.74
Net Debt / EBITDA	8.5	6.76	9.26	5.5	5.36
Total Debt / (EBITDA - Capex)	11.24	14.4	15.91	-30.16	21.02
Net Debt / (EBITDA - Capex)	9.08	11.76	13.4	-17.62	12.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	30.94	3.33	10.9	-9	31.74
Gross Profit, 1 Yr. Growth %	145.85	12.69	-2.17	6.56	8.32
EBITDA, 1 Yr. Growth %	-156.25	24.57	-28.78	14.23	9.52
EBITA, 1 Yr. Growth %	-122.6	52.08	-39.24	26.47	-13.05
EBIT, 1 Yr. Growth %	-122.6	52.08	-39.24	26.47	-13.05
Earnings From Cont. Operations, 1 Yr. Growth %	-137.69	-83.23	-36.55	2.67K	-98.57
Net Income, 1 Yr. Growth %	-134.83	-81.15	-43.39	2.85K	-99.73
Normalized Net Income, 1 Yr. Growth %	-115.8	-0.38	-118.5	823.37	-70.3
Diluted EPS Before Extra, 1 Yr. Growth %	-134.83	-81.15	-43.4	2.85K	-99.73
Accounts Receivable, 1 Yr. Growth %	16.73	-15.04	9.19	18.92	33.28
Inventory, 1 Yr. Growth %	-11.6	3.28	-7.24	0.97	-4.75
Net Property, Plant and Equip., 1 Yr. Growth %	-22.96	2.03	-9.48	12.02	7.09
Total Assets, 1 Yr. Growth %	-4.24	-6.16	-2.81	8.9	8.08
Tangible Book Value, 1 Yr. Growth %	12.89	1.86	1.16	34.58	0.09
Common Equity, 1 Yr. Growth %	12.89	1.86	1.16	34.58	0.09
Cash From Operations, 1 Yr. Growth %	871.45	42.89	-49.8	-80.35	527.51
Capital Expenditures, 1 Yr. Growth %	-78.02	650.95	-46.64	363.64	-51.6
Levered Free Cash Flow, 1 Yr. Growth %	-65.09	4.65K	-112.95	494.41	-98.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.01	476.08	-93.28	-792.33	-131.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.77	16.32	7.05	0.46	9.49
Gross Profit, 2 Yr. CAGR %	42.11	66.45	5	2.1	7.43
EBITDA, 2 Yr. CAGR %	-35.25	-16.29	-6.07	-9.8	11.85
EBITA, 2 Yr. CAGR %	-57.89	-41.38	-4.27	-12.34	4.86
EBIT, 2 Yr. CAGR %	-57.89	-41.38	-4.27	-12.34	4.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-35.81	-74.86	-67.38	319.46	-37.03
Net Income, 2 Yr. CAGR %	-38.1	-74.38	-67.33	308.45	-71.79
Normalized Net Income, 2 Yr. CAGR %	-63.39	-60.32	-57.07	30.7	65.61
Diluted EPS Before Extra, 2 Yr. CAGR %	-40.4	-74.38	-67.33	308.45	-71.8
Accounts Receivable, 2 Yr. CAGR %	4.69	-0.41	-3.69	13.95	25.89
Inventory, 2 Yr. CAGR %	-18.31	-4.45	-2.12	-3.22	-1.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-13.16	-11.34	-3.9	0.69	9.53
Total Assets, 2 Yr. CAGR %	-4.05	-5.21	-4.5	2.88	8.49
Tangible Book Value, 2 Yr. CAGR %	-9.14	7.23	1.51	16.68	16.06
Common Equity, 2 Yr. CAGR %	-9.14	7.23	1.51	16.68	16.06
Cash From Operations, 2 Yr. CAGR %	44.44	272.57	-15.31	-68.59	11.06
Capital Expenditures, 2 Yr. CAGR %	-79.45	28.47	100.18	57.29	49.81
Levered Free Cash Flow, 2 Yr. CAGR %	-82.42	307.22	147.78	-12.28	-72.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	-34.44	113.32	-37.84	-31.81	48.16
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.37	2.96	14.48	1.41	9.96
Gross Profit, 3 Yr. CAGR %	-5.33	31.53	39.42	5.51	4.13
EBITDA, 3 Yr. CAGR %	-11.51	-19.47	-20.83	0.26	-3.77
EBITA, 3 Yr. CAGR %	5.97	-35.4	-40.83	5.05	-12.58
EBIT, 3 Yr. CAGR %	5.97	-35.4	-40.83	5.05	-12.58
Earnings From Cont. Operations, 3 Yr. CAGR %	215.51	-58.97	-65.77	43.43	-36.87
Net Income, 3 Yr. CAGR %	8.03	-58.35	-66.63	46.51	-64.42
Normalized Net Income, 3 Yr. CAGR %	105.01	-48.89	-69.23	19.39	-20.24
Diluted EPS Before Extra, 3 Yr. CAGR %	370.43	-59.39	-66.63	46.51	-64.43
Accounts Receivable, 3 Yr. CAGR %	1.17	-2.35	2.69	3.32	20.06
Inventory, 3 Yr. CAGR %	-22.96	-11.67	-5.39	-1.1	-3.74
Net Property, Plant and Equip., 3 Yr. CAGR %	1.69	-8.36	-10.73	1.14	2.78
Total Assets, 3 Yr. CAGR %	2.53	-4.76	-4.42	-0.23	4.58
Tangible Book Value, 3 Yr. CAGR %	-10.68	-5.61	5.17	11.51	10.86
Common Equity, 3 Yr. CAGR %	-10.68	-5.61	5.17	11.51	10.86
Cash From Operations, 3 Yr. CAGR %	17.18	43.92	91	-47.95	-14.77
Capital Expenditures, 3 Yr. CAGR %	-42.51	-31.81	-4.15	164.85	6.19
Levered Free Cash Flow, 3 Yr. CAGR %	-62.49	13.65	28.94	231.7	-78.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-28.27	35.28	-32.67	38.82	-47.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-1.85	1.92	1.95	12.46
Gross Profit, 5 Yr. CAGR %	-	-2.78	-1.33	18.86	25.62
EBITDA, 5 Yr. CAGR %	-	-8.03	-9.37	-15.83	-9.09
EBITA, 5 Yr. CAGR %	-	-4.28	1.75	-27.13	-25.61
EBIT, 5 Yr. CAGR %	-	-4.28	1.75	-27.13	-25.61
Earnings From Cont. Operations, 5 Yr. CAGR %	-	0.54	27.29	3.98	-56.32
Net Income, 5 Yr. CAGR %	-	-14.78	-33.05	3.8	-68.8
Normalized Net Income, 5 Yr. CAGR %	-	-4.22	9.69	-25.59	-39.68
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-0.8	61.86	2.24	-68.8
Accounts Receivable, 5 Yr. CAGR %	-	-4.38	-0.8	3.87	11.41
Inventory, 5 Yr. CAGR %	-	-13.99	-15.22	-8.38	-4.02
Net Property, Plant and Equip., 5 Yr. CAGR %	-	1.41	-0.58	-4.84	-3.12
Total Assets, 5 Yr. CAGR %	-	-2.97	-0.34	-1.77	0.55
Tangible Book Value, 5 Yr. CAGR %	-	-6.35	-5.99	2.74	9.4
Common Equity, 5 Yr. CAGR %	-	-6.35	-5.99	2.74	9.4
Cash From Operations, 5 Yr. CAGR %	-	5.37	2.91	-21.71	53.76
Capital Expenditures, 5 Yr. CAGR %	-	43.99	-5.3	-4.74	14.6
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-20.18	2.43	-30.65
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-32.26	2.83	-7.69