Quarterly ResultJul 30, 2026, 08:46 AM
Kandal M Venture FY26 Net Income Up 12.4% to $235,625; Revenue Flat
AI Summary
Kandal M Venture Limited announced its full fiscal year 2026 financial results, reporting a 12.4% increase in net income to $235,625, despite a slight 0.3% decrease in revenue to $17.13 million. The company experienced a decline in gross profit and a shift to negative cash flow from operations, but significantly boosted its cash reserves through $8.01 million in IPO proceeds. Kandal also secured a growth capital facility for international expansion and plans further investments in production capacity and technology.
Key Highlights
- Net income increased by 12.4% to $235,625 for FY2026, up from $209,673 in FY2025.
- Revenue slightly decreased by 0.3% to $17,128,067 for FY2026 from $17,186,677 in FY2025.
- Gross profit decreased by 3.4% to $3,243,017, with gross profit margin falling to 18.9% from 19.5%.
- Net cash used in operating activities was $1,884,807 in FY2026, compared to $2,134,565 generated in FY2025.
- Net cash generated from financing activities was $7,998,751 in FY2026, primarily from $8,014,981 in IPO proceeds.
- Secured a growth capital facility for international infrastructure expansion, including equipment and tech upgrades.
- Made an investment in an associate of $2,500,000 in FY2026.
- Anticipates strong order demand and plans to expand production capacity and invest in new manufacturing technology.
Price Impact
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