Cash flow OneForce Holdings Limited

Stocks

1933

KYG675611035

Software

Market Closed - Hong Kong S.E. 11:08:36 14/08/2026 +03			5-day change	1st Jan Change
0.2470 ^HKD	-6.79%		-13.33%	+91.47%

07-24	OneForce Holdings Limited Auditor Raises 'Going Concern' Doubt	CI
06-26	OneForce Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

97d310414a9048a.jgE3BFacy1iwmlbDepJtQ2ZdnrdfsQpgS6CqnnHn5hQ.yE5WfhDmjiLSwxqVTeAIBjMorfxo805VDMia20Wg0WHZdHlOL9qEDv30bg

Published financial data: ONEFORCE HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	377M	450M	491M	378M	219M
Total Revenues	377M	450M	491M	378M	219M
Cost of Goods Sold, Total	288M	355M	413M	326M	214M
Gross Profit	88.27M	94.88M	77.08M	51.6M	4.96M
Selling General & Admin Expenses, Total	54.68M	54.91M	55.1M	60.22M	53.84M
Provision for Bad Debts	8.36M	9.49M	11.89M	30.75M	73.84M
Other Operating Expenses	-2.08M	-6.09M	-2.17M	-972K	-686K
Other Operating Expenses, Total	60.97M	58.31M	64.82M	90M	127M
Operating Income	27.3M	36.57M	12.26M	-38.4M	-122M
Interest Expense, Total	-1.79M	-2.59M	-3.83M	-4.95M	-4.16M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.79M	-2.59M	-3.83M	-4.95M	-4.16M
Income (Loss) On Equity Invest.	179K	36K	9K	30K	-1.78M
EBT, Excl. Unusual Items	25.69M	34.02M	8.44M	-43.32M	-128M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	120K	-	-	-	-
Asset Writedown	-	-	-	-	-2.49M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	25.81M	34.02M	8.44M	-43.32M	-130M
Income Tax Expense	3.79M	1.44M	79K	-5.77M	2.91M
Earnings From Continuing Operations	22.02M	32.57M	8.36M	-37.55M	-133M
Net Income to Company	22.02M	32.57M	8.36M	-37.55M	-133M
Net Income - (IS)	22.02M	32.57M	8.36M	-37.55M	-133M
Net Income to Common Incl Extra Items	22.02M	32.57M	8.36M	-37.55M	-133M
Net Income to Common Excl. Extra Items	22.02M	32.57M	8.36M	-37.55M	-133M
Per Share Items
Net EPS - Basic	0.04	0.07	0.02	-0.08	-0.27
Basic EPS - Continuing Operations	0.04	0.07	0.02	-0.08	-0.27
Basic Weighted Average Shares Outstanding	495M	495M	495M	495M	495M
Net EPS - Diluted	0.04	0.07	0.02	-0.08	-0.27
Diluted EPS - Continuing Operations	0.04	0.07	0.02	-0.08	-0.27
Diluted Weighted Average Shares Outstanding	495M	495M	495M	495M	495M
Normalized Basic EPS	0.03	0.04	0.01	-0.05	-0.16
Normalized Diluted EPS	0.03	0.04	0.01	-0.05	-0.16
Supplemental Items
EBITDA	28.73M	37.89M	13.52M	-37.12M	-121M
EBITA	27.3M	36.57M	12.26M	-38.4M	-122M
EBIT	27.3M	36.57M	12.26M	-38.4M	-122M
EBITDAR	31.4M	39.01M	15.96M	-34.44M	-119M
Effective Tax Rate - (Ratio)	14.69	4.25	0.94	13.32	-2.23
Current Domestic Taxes	6.02M	3.26M	2.28M	-	-598K
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	6.02M	3.26M	2.28M	-	-598K
Deferred Domestic Taxes	-2.22M	-1.81M	-2.2M	-5.77M	3.51M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-2.22M	-1.81M	-2.2M	-5.77M	3.51M
Normalized Net Income	16.06M	21.26M	5.27M	-27.08M	-79.98M
Interest on Long-Term Debt	-	-	15K	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	5.5M	5.32M	6.6M	6.09M	9.03M
General and Administrative Expenses	49.18M	49.58M	48.5M	54.13M	44.81M
Research And Development Expense From Footnotes	29.14M	29.91M	24.51M	26.74M	18M
Net Rental Expense, Total	2.68M	1.12M	2.43M	2.68M	1.37M
Imputed Operating Lease Interest Expense	849K	323K	624K	724K	336K
Imputed Operating Lease Depreciation	1.83M	801K	1.81M	1.96M	1.03M
Stock-Based Comp., Other (Total)	73K	-	-	-	-
Total Stock-Based Compensation	73K	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	37.92M	55.52M	62.89M	56.15M	23.16M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	37.92M	55.52M	62.89M	56.15M	23.16M
Accounts Receivable, Total	344M	443M	497M	439M	299M
Other Receivables	913K	837K	1.18M	842K	326K
Notes Receivable	-	-	-	-	-
Total Receivables	344M	444M	498M	440M	300M
Inventory	14.47M	19.42M	58.7M	44.34M	41.31M
Prepaid Expenses	2.44M	14.85M	6.44M	2.76M	1.63M
Other Current Assets, Total	2.7M	1.97M	1.58M	1.51M	1.66M
Total Current Assets	402M	535M	628M	545M	367M
Gross Property Plant And Equipment	14.94M	16.35M	15.94M	15.33M	12.28M
Accumulated Depreciation	-7.25M	-8.45M	-9.72M	-11.14M	-11.85M
Net Property Plant And Equipment	7.7M	7.9M	6.23M	4.19M	437K
Long-term Investments	3.6M	3.63M	3.64M	3.67M	1.9M
Other Intangibles, Total	19.16M	8.84M	3.34M	827K	0
Deferred Tax Assets Long-Term	1.56M	3.37M	5.57M	11.34M	7.82M
Other Long-Term Assets, Total	-	-	10M	88K	73K
Total Assets	434M	559M	657M	565M	378M
Liabilities
Accounts Payable, Total	95.23M	137M	152M	115M	79.55M
Accrued Expenses, Total	21.45M	38.4M	40.57M	35.78M	28.94M
Short-term Borrowings	57.08M	10.16M	10.17M	10.17M	10.17M
Current Portion of Long-Term Debt	-	70.63M	132M	115M	113M
Current Portion of Leases	615K	1.23M	675K	224K	93K
Current Income Taxes Payable	18.63M	21.58M	23.94M	23.86M	23.17M
Other Current Liabilities	5.87M	8.3M	7.7M	8.13M	6.21M
Total Current Liabilities	199M	287M	367M	308M	261M
Long-Term Debt	-	3M	9.92M	14.9M	7.9M
Long-Term Leases	-	677K	-	141K	56K
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	2.06M	2.1M	2.01M
Total Liabilities	199M	291M	379M	325M	271M
Common Stock, Total	4.13M	4.13M	4.13M	4.13M	4.13M
Additional Paid In Capital	140M	140M	140M	140M	140M
Retained Earnings	38.33M	70.9M	79.26M	41.71M	-91.67M
Comprehensive Income and Other	52.63M	53.42M	53.68M	53.78M	53.82M
Total Common Equity	235M	268M	277M	240M	106M
Total Equity	235M	268M	277M	240M	106M
Total Liabilities And Equity	434M	559M	657M	565M	378M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	495M	494M	495M	495M	495M
ECS Total Common Shares Outstanding	495M	494M	495M	495M	495M
Book Value / Share	0.47	0.54	0.56	0.48	0.21
Tangible Book Value	216M	260M	274M	239M	106M
Tangible Book Value Per Share	0.44	0.53	0.55	0.48	0.21
Total Debt	57.69M	85.7M	153M	140M	131M
Net Debt	19.77M	30.18M	90.33M	84.28M	108M
Debt Equivalent Oper. Leases	21.4M	8.99M	19.46M	21.48M	10.95M
Equity Method Investments, Total	3.6M	3.63M	3.64M	3.67M	1.9M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	14.47M	19.42M	58.7M	44.34M	41.31M
Inventories - Finished Goods, Total	4K	-	-	-	-
Machinery, Total	1.92M	2.07M	2.42M	2.42M	2.57M
Full Time Employees	417	538	517	319	143
Accumulated Allowance for Doubtful Accounts (Supple)	16.35M	25.03M	36.98M	67.95M	141M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	22.02M	32.57M	8.36M	-37.55M	-133M
Depreciation & Amortization - CF	2.05M	1.94M	2.03M	2.42M	1.37M
Depreciation & Amortization, Total	2.05M	1.94M	2.03M	2.42M	1.37M
Amortization of Deferred Charges, Total - (CF)	11.42M	10.33M	5.5M	2.51M	827K
(Gain) Loss on Sale of Investments - (CF)	-120K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	2.49M
(Income) Loss On Equity Investments - (CF)	-179K	-36K	-9K	-30K	1.78M
Stock-Based Compensation (CF)	73K	-	-	-	-
Provision and Write-off of Bad Debts	8.36M	9.49M	11.89M	30.75M	73.84M
Other Operating Activities, Total	5.71M	3.73M	3.99M	-1.04M	10.62M
Change In Accounts Receivable	-98.28M	-108M	-65.69M	26.49M	67.89M
Change In Inventories	-2.62M	-4.95M	-39.28M	14.37M	-605K
Change In Accounts Payable	27.71M	41.46M	15.25M	-36.76M	-35.62M
Change in Other Net Operating Assets	9.63M	17.52M	9.67M	0	-8.85M
Cash from Operations	-14.23M	3.9M	-48.28M	1.17M	-19.65M
Capital Expenditure	-3.07M	-146K	-357K	-1K	-142K
Sale of Property, Plant, and Equipment	7K	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	9M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	6M	-	-	-	-
Other Investing Activities, Total	1.74M	-	-	226K	-
Cash from Investing	13.69M	-146K	-357K	225K	-142K
Short Term Debt Issued, Total	60.82M	-	2.06M	-	-
Long-Term Debt Issued, Total	-	84.13M	139M	132M	113M
Total Debt Issued	60.82M	84.13M	141M	132M	113M
Short Term Debt Repaid, Total	-50.64M	-255K	-	-	-
Long-Term Debt Repaid, Total	-527K	-58.73M	-71.86M	-145M	-122M
Total Debt Repaid	-51.16M	-58.98M	-71.86M	-145M	-122M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-1.79M	-2.59M	-13.83M	4.96M	-4.15M
Cash from Financing	7.87M	22.56M	55.74M	-8.22M	-13.12M
Foreign Exchange Rate Adjustments	-445K	608K	269K	81K	-78K
Net Change in Cash	6.87M	26.92M	7.37M	-6.74M	-32.99M
Supplemental Items
Cash Interest Paid	1.79M	2.59M	3.83M	4.95M	4.16M
Cash Income Tax Paid (Refund)	532K	304K	-83K	82K	89K
Levered Free Cash Flow	-31.38M	-17.83M	-53.36M	12.65M	22.75M
Unlevered Free Cash Flow	-30.26M	-16.21M	-50.96M	15.74M	25.35M
Change In Net Working Capital	57.81M	51.19M	65.8M	-34.81M	-99.57M
Net Debt Issued / Repaid	9.65M	25.15M	69.57M	-13.18M	-8.97M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	4.28	4.6	1.26	-3.93	-16.18
Return on Total Capital	6.33	7.06	1.95	-5.92	-24.69
Return On Equity %	9.82	12.94	3.06	-14.53	-77.11
Return on Common Equity	9.82	12.94	3.06	-14.53	-77.11
Margin Analysis
Gross Profit Margin %	23.43	21.09	15.71	13.66	2.26
SG&A Margin	14.52	12.21	11.23	15.95	24.56
EBITDA Margin %	7.63	8.42	2.76	-9.83	-55.14
EBITA Margin %	7.25	8.13	2.5	-10.17	-55.68
EBIT Margin %	7.25	8.13	2.5	-10.17	-55.68
Income From Continuing Operations Margin %	5.85	7.24	1.7	-9.94	-60.85
Net Income Margin %	5.85	7.24	1.7	-9.94	-60.85
Net Avail. For Common Margin %	5.85	7.24	1.7	-9.94	-60.85
Normalized Net Income Margin	4.26	4.73	1.07	-7.17	-36.49
Levered Free Cash Flow Margin	-8.33	-3.96	-10.88	3.35	10.38
Unlevered Free Cash Flow Margin	-8.03	-3.6	-10.39	4.17	11.57
Asset Turnover
Asset Turnover	0.94	0.91	0.81	0.62	0.46
Fixed Assets Turnover	43.5	57.69	69.46	72.51	94.7
Receivables Turnover (Average Receivables)	1.27	1.14	1.04	0.81	0.59
Inventory Turnover (Average Inventory)	21.38	20.94	10.58	6.33	5
Short Term Liquidity
Current Ratio	2.02	1.87	1.71	1.77	1.41
Quick Ratio	1.92	1.74	1.53	1.61	1.24
Operating Cash Flow to Current Liabilities	-0.07	0.01	-0.13	0	-0.08
Days Sales Outstanding (Average Receivables)	288.38	318.99	350.56	452.44	615.07
Days Outstanding Inventory (Average Inventory)	17.07	17.43	34.58	57.67	72.96
Average Days Payable Outstanding	102.28	117.59	116.66	156.38	168.27
Cash Conversion Cycle (Average Days)	203.18	218.83	268.49	353.72	519.76
Long Term Solvency
Total Debt/Equity	24.54	31.92	55.3	58.6	123.63
Total Debt / Total Capital	19.7	24.2	35.61	36.95	55.28
LT Debt/Equity	-	1.37	3.58	6.28	7.48
Long-Term Debt / Total Capital	-	1.04	2.31	3.96	3.35
Total Liabilities / Total Assets	45.82	51.98	57.79	57.6	71.85
EBIT / Interest Expense	15.28	14.11	3.2	-7.75	-29.3
EBITDA / Interest Expense	16.43	14.86	3.73	-7.26	-28.97
(EBITDA - Capex) / Interest Expense	14.71	14.8	3.64	-7.26	-29.01
Total Debt / EBITDA	1.97	2.23	10.72	-3.9	-1.09
Net Debt / EBITDA	0.67	0.78	6.32	-2.34	-0.9
Total Debt / (EBITDA - Capex)	2.19	2.23	11	-3.9	-1.09
Net Debt / (EBITDA - Capex)	0.75	0.79	6.48	-2.34	-0.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.28	19.42	9.05	-23.01	-41.97
Gross Profit, 1 Yr. Growth %	31.85	7.48	-18.76	-33.05	-90.4
EBITDA, 1 Yr. Growth %	5.17	31.35	-64.31	-374.48	225.59
EBITA, 1 Yr. Growth %	5.39	33.36	-66.48	-413.22	217.82
EBIT, 1 Yr. Growth %	5.39	33.36	-66.48	-413.22	217.82
Earnings From Cont. Operations, 1 Yr. Growth %	5.59	47.9	-74.34	-549.32	255.19
Net Income, 1 Yr. Growth %	5.59	47.9	-74.34	-549.32	255.19
Normalized Net Income, 1 Yr. Growth %	1.63	31.77	-75.2	-613.51	195.42
Diluted EPS Before Extra, 1 Yr. Growth %	5.59	47.9	-74.34	-549.34	255.19
Accounts Receivable, 1 Yr. Growth %	36.45	28.91	12.23	-11.58	-31.89
Inventory, 1 Yr. Growth %	15.72	34.21	202.21	-24.48	-6.83
Net Property, Plant and Equip., 1 Yr. Growth %	-20.03	2.64	-21.18	-32.67	-89.58
Total Assets, 1 Yr. Growth %	19.32	28.84	17.42	-13.92	-33.18
Tangible Book Value, 1 Yr. Growth %	16.19	20.23	5.44	-12.77	-55.49
Common Equity, 1 Yr. Growth %	10.12	14.19	3.21	-13.52	-55.64
Cash From Operations, 1 Yr. Growth %	-20.26	-127.41	-1.34K	-102.42	-1.78K
Capital Expenditures, 1 Yr. Growth %	567.97	-95.24	144.52	-99.72	14.1K
Levered Free Cash Flow, 1 Yr. Growth %	155.28	-44.55	199.25	-123.7	79.87
Unlevered Free Cash Flow, 1 Yr. Growth %	154.43	-47.78	214.38	-130.89	61.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	51.81	23.77	14.11	-8.37	-33.16
Gross Profit, 2 Yr. CAGR %	92.44	19.05	-6.56	-26.25	-74.64
EBITDA, 2 Yr. CAGR %	-1.25	17.78	-31.53	-1.02	198.94
EBITA, 2 Yr. CAGR %	-8.42	18.81	-33.14	2.47	215.51
EBIT, 2 Yr. CAGR %	-8.42	18.81	-33.14	2.47	215.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.58	24.97	-38.4	7.37	299.5
Net Income, 2 Yr. CAGR %	-43.58	24.97	-38.4	7.37	299.5
Normalized Net Income, 2 Yr. CAGR %	-10.14	15.99	-42.83	12.85	289.49
Diluted EPS Before Extra, 2 Yr. CAGR %	-43.41	24.97	-38.4	7.37	299.5
Accounts Receivable, 2 Yr. CAGR %	51.56	32.62	20.28	-0.38	-22.4
Inventory, 2 Yr. CAGR %	21.63	24.62	101.39	51.08	-16.11
Net Property, Plant and Equip., 2 Yr. CAGR %	-11.3	-9.4	-10.06	-27.15	-73.51
Total Assets, 2 Yr. CAGR %	28.38	23.99	22.99	0.53	-24.16
Tangible Book Value, 2 Yr. CAGR %	17.39	18.19	12.59	-4.09	-37.69
Common Equity, 2 Yr. CAGR %	10.22	12.14	8.56	-5.52	-38.06
Cash From Operations, 2 Yr. CAGR %	-1.25	-53.25	84.17	-45.26	-36.21
Capital Expenditures, 2 Yr. CAGR %	468.1	-43.6	-65.88	-91.72	-36.93
Levered Free Cash Flow, 2 Yr. CAGR %	65.09	20.44	28.81	-15.78	-34.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	66.96	16.74	28.13	-1.46	-29.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	48.47	40.14	18.65	0.09	-21.31
Gross Profit, 3 Yr. CAGR %	32.55	58.48	4.81	-16.39	-62.62
EBITDA, 3 Yr. CAGR %	20.02	8.75	-20.89	8.77	47.2
EBITA, 3 Yr. CAGR %	19.48	3.95	-22.07	11.88	49.43
EBIT, 3 Yr. CAGR %	19.48	3.95	-22.07	11.88	49.43
Earnings From Cont. Operations, 3 Yr. CAGR %	2.83	-22.2	-26.28	19.47	59.99
Net Income, 3 Yr. CAGR %	2.83	-22.2	-26.28	19.47	59.99
Normalized Net Income, 3 Yr. CAGR %	18.22	2.25	-30.64	18.84	55.53
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.08	-22.05	-26.28	19.47	59.99
Accounts Receivable, 3 Yr. CAGR %	43.09	43.6	25.44	8.55	-12.24
Inventory, 3 Yr. CAGR %	7.36	25.69	67.43	45.23	28.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-33.45	-6.88	-13.51	-18.33	-61.9
Total Assets, 3 Yr. CAGR %	9.77	28.53	21.76	9.2	-12.27
Tangible Book Value, 3 Yr. CAGR %	4.73	18.33	13.78	3.41	-25.75
Common Equity, 3 Yr. CAGR %	-3.47	11.53	9.08	0.64	-26.57
Cash From Operations, 3 Yr. CAGR %	-36.28	-35.59	39.33	-56.53	71.41
Capital Expenditures, 3 Yr. CAGR %	58.36	15.4	-8.04	-93.12	-0.92
Levered Free Cash Flow, 3 Yr. CAGR %	7.12	15.7	63.13	-26.74	8.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.03	14.3	62.42	-20.25	16.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	33.96	39.29	33.63	18.24	-5.68
Gross Profit, 5 Yr. CAGR %	17.47	18.76	15.25	16.7	-40.59
EBITDA, 5 Yr. CAGR %	-1.16	3.44	-4.03	4.73	34.64
EBITA, 5 Yr. CAGR %	-2.01	2.91	-5.19	3.36	36.34
EBIT, 5 Yr. CAGR %	-2.01	2.91	-5.19	3.36	36.34
Earnings From Cont. Operations, 5 Yr. CAGR %	4.11	14.26	-16.23	-11.5	44.93
Net Income, 5 Yr. CAGR %	4.11	14.26	-16.23	-11.5	44.93
Normalized Net Income, 5 Yr. CAGR %	-3.2	1.43	-11.51	6.36	38.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-6.78	2.87	-20.15	-11.4	44.93
Accounts Receivable, 5 Yr. CAGR %	37.59	37.18	33.49	24.05	3.52
Inventory, 5 Yr. CAGR %	17.09	19.31	38.08	35.29	26.99
Net Property, Plant and Equip., 5 Yr. CAGR %	66.64	58.69	-24.93	-15.59	-46.12
Total Assets, 5 Yr. CAGR %	27.48	20.93	14.88	16.5	0.75
Tangible Book Value, 5 Yr. CAGR %	15.8	8.82	7.81	8.79	-10.57
Common Equity, 5 Yr. CAGR %	16.47	7.35	1.17	4.37	-13.02
Cash From Operations, 5 Yr. CAGR %	-5.41	-2.03	-2.58	-39.65	1.94
Capital Expenditures, 5 Yr. CAGR %	138.18	-21.57	-14.29	-59.78	-20.91
Levered Free Cash Flow, 5 Yr. CAGR %	104.49	16.47	15.89	1.9	13.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	103.01	14.28	14.96	7.71	16.34