Major Holdings Limited (HKG:1389)

Major Holdings Income Statement

Financials in millions HKD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	46.81	58.03	63.04	74.44	107.79	114.59
Revenue Growth (YoY)	-32.89%	-7.95%	-15.32%	-30.94%	-5.93%	-26.17%
Cost of Revenue	51.1	66.9	57.57	66.57	93.95	97.23
Gross Profit	-4.29	-8.88	5.47	7.87	13.84	17.36
Selling, General & Admin	9.15	11.48	19.49	20.3	20.99	23.78
Other Operating Expenses	0.56	-0.87	-3.8	0.44	-2.88	-1.91
Operating Expenses	9.71	10.61	15.7	20.74	18.11	21.87
Operating Income	-14	-19.49	-10.23	-12.87	-4.27	-4.52
Interest Expense	-0.18	-0.15	-0.55	-0.76	-0.58	-1.25
Interest & Investment Income	0.33	0.33	0.05	0.03	0	0.02
Currency Exchange Gain (Loss)	-0.03	-0.03	-0.02	0.05	0.09	0.03
EBT Excluding Unusual Items	-13.88	-19.34	-10.74	-13.56	-4.76	-5.72
Impairment of Goodwill	-	-	-	-2.25	-	-
Gain (Loss) on Sale of Investments	6.19	6.19	-4.44	-	-	-
Gain (Loss) on Sale of Assets	0.02	0.02	-	-0.03	-	0.15
Asset Writedown	-	-	-0.5	-0.79	-	-0
Pretax Income	-7.67	-13.13	-15.68	-16.63	-4.76	-5.58
Income Tax Expense	0.23	0.23	-	-0.04	3.95	-0.54
Net Income	-7.89	-13.36	-15.68	-16.59	-8.71	-5.04
Net Income to Common	-7.89	-13.36	-15.68	-16.59	-8.71	-5.04
Shares Outstanding (Basic)	554	554	396	387	333	333
Shares Outstanding (Diluted)	554	554	396	387	333	333
Shares Change (YoY)	9.41%	40.06%	2.37%	16.24%	-	8.46%
EPS (Basic)	-0.01	-0.02	-0.04	-0.04	-0.03	-0.02
EPS (Diluted)	-0.01	-0.02	-0.04	-0.04	-0.03	-0.02
Free Cash Flow	-14.28	-13.18	1.13	17.81	-3.52	19.76
Free Cash Flow Per Share	-0.03	-0.02	0.00	0.05	-0.01	0.06
Gross Margin	-9.16%	-15.30%	8.67%	10.57%	12.84%	15.15%
Operating Margin	-29.90%	-33.58%	-16.23%	-17.29%	-3.96%	-3.94%
Profit Margin	-16.86%	-23.02%	-24.88%	-22.29%	-8.08%	-4.39%
Free Cash Flow Margin	-30.50%	-22.71%	1.79%	23.92%	-3.26%	17.24%
EBITDA	-13.76	-19.22	-8.56	-10.65	-1.92	-1.97
EBITDA Margin	-29.39%	-33.13%	-13.57%	-14.30%	-1.78%	-1.72%
D&A For EBITDA	0.24	0.26	1.68	2.22	2.36	2.55
EBIT	-14	-19.49	-10.23	-12.87	-4.27	-4.52
EBIT Margin	-29.90%	-33.58%	-16.23%	-17.29%	-3.96%	-3.94%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.