Cash flow Future Machine Limited

Stocks

1401

KYG8401A1085

Phones & Handheld Devices

Market Closed - Hong Kong S.E. Other stock markets 09:08:11 17/07/2026 BST			5-day change	1st Jan Change
0.2310 ^HKD	-2.53%		-5.71%	-63.33%

03-31	Future Machine Limited Announces Resignation of Ching Khei Cheong Christopher as Independent Non-Executive Director and A Member of the Audit Committee and Remuneration Committee, Effective March 31, 2026	CI
03-27	Future Machine Limited Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: FUTURE MACHINE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2B	1.45B	2.82B	2.92B	4.35B
Total Revenues	2B	1.45B	2.82B	2.92B	4.35B
Cost of Goods Sold, Total	1.83B	1.25B	2.52B	2.66B	3.99B
Gross Profit	172M	204M	300M	258M	362M
Selling General & Admin Expenses, Total	99.73M	104M	123M	133M	158M
Provision for Bad Debts	-	-	-	-	-7.02M
R&D Expenses	119M	124M	140M	142M	182M
Other Operating Expenses, Total	219M	228M	263M	275M	333M
Operating Income	-46.45M	-24.08M	36.98M	-17.48M	29.22M
Interest Expense, Total	-6.47M	-18.26M	-35.82M	-36.19M	-27.49M
Interest And Investment Income	5.86M	12.23M	11.5M	44.06M	33.83M
Net Interest Expenses	-609K	-6.03M	-24.31M	7.87M	6.33M
Currency Exchange Gains (Loss)	-	15.89M	-	-	-
Other Non Operating Income (Expenses)	11.08M	7.82M	11.69M	1.79M	-926K
EBT, Excl. Unusual Items	-35.99M	-6.41M	24.36M	-7.81M	34.63M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	281K	-	-	-	-
Legal Settlements	2.09M	-	-	-	-
Other Unusual Items	17.75M	16.23M	15.59M	28.16M	21.68M
EBT, Incl. Unusual Items	-15.86M	9.82M	39.95M	20.34M	56.31M
Income Tax Expense	2.2M	3.46M	8.93M	4.73M	14.6M
Earnings From Continuing Operations	-18.06M	6.36M	31.02M	15.61M	41.7M
Net Income to Company	-18.06M	6.36M	31.02M	15.61M	41.7M
Minority Interest	305K	145K	1.35M	732K	-288K
Net Income - (IS)	-17.75M	6.51M	32.37M	16.34M	41.42M
Net Income to Common Incl Extra Items	-17.75M	6.51M	32.37M	16.34M	41.42M
Net Income to Common Excl. Extra Items	-17.75M	6.51M	32.37M	16.34M	41.42M
Per Share Items
Net EPS - Basic	-0.02	0.01	0.03	0.02	0.03
Basic EPS - Continuing Operations	-0.02	0.01	0.03	0.02	0.03
Basic Weighted Average Shares Outstanding	1B	1B	1B	1B	1.3B
Net EPS - Diluted	-0.02	0.01	0.03	0.02	0.03
Diluted EPS - Continuing Operations	-0.02	0.01	0.03	0.02	0.03
Diluted Weighted Average Shares Outstanding	1B	1B	1B	1B	1.3B
Normalized Basic EPS	-0.02	-0	0.02	-0	0.02
Normalized Diluted EPS	-0.02	-0	0.02	-0	0.02
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-25.52M	591K	51.27M	-1.05M	47.7M
EBITA	-46.33M	-24.02M	37.05M	-17.41M	29.28M
EBIT	-46.45M	-24.08M	36.98M	-17.48M	29.22M
EBITDAR	-23.82M	-	51.47M	-157K	48.41M
Effective Tax Rate - (Ratio)	-13.87	35.26	22.36	23.26	25.94
Current Domestic Taxes	592K	-	8.75M	6.37M	12.02M
Current Foreign Taxes	-	-	-	-	-796K
Total Current Taxes	592K	5.64M	8.75M	6.37M	11.22M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	1.61M	-2.17M	178K	-1.64M	3.38M
Normalized Net Income	-22.19M	-3.86M	16.58M	-4.15M	21.36M
Interest on Long-Term Debt	1.22M	914K	886K	2.59M	2.24M
Supplemental Operating Expense Items
Selling and Marketing Expenses	41.19M	38.75M	58.65M	56.76M	75.74M
General and Administrative Expenses	58.55M	64.88M	64.26M	76.6M	82.09M
Research And Development Expense From Footnotes	119M	124M	140M	142M	182M
Net Rental Expense, Total	1.7M	-	205K	890K	711K
Imputed Operating Lease Interest Expense	1.27M	-	533K	1.47M	998K
Imputed Operating Lease Depreciation	431K	-	-328K	-583K	-287K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	82.9M	36.64M	67.95M	79.36M	153M
Short Term Investments	2M	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	33.26M
Total Cash And Short Term Investments	84.9M	36.64M	67.95M	79.36M	187M
Accounts Receivable, Total	226M	192M	809M	587M	1.01B
Other Receivables	74.6M	67.98M	61.45M	85.85M	136M
Total Receivables	301M	260M	870M	673M	1.14B
Inventory	280M	187M	378M	326M	404M
Other Current Assets, Total	284M	842M	2.4B	2.18B	2.22B
Total Current Assets	950M	1.33B	3.71B	3.25B	3.95B
Gross Property Plant And Equipment	226M	207M	211M	244M	249M
Accumulated Depreciation	-83.22M	-97.91M	-107M	-111M	-123M
Net Property Plant And Equipment	143M	109M	104M	133M	126M
Other Intangibles, Total	5.18M	21.93M	4.83M	4.72M	7.6M
Deferred Tax Assets Long-Term	225K	248K	688K	2.97M	1.82M
Deferred Charges Long-Term	4.01M	4.01M	1.34M	0	0
Total Assets	1.1B	1.46B	3.82B	3.4B	4.09B
Liabilities
Accounts Payable, Total	524M	941M	3.16B	2.71B	3.22B
Accrued Expenses, Total	51.98M	57.73M	68.38M	65.56M	87.74M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	42.16M	37.01M	143M	139M	91.68M
Current Portion of Leases	12.38M	5.86M	5.89M	5.86M	6.68M
Current Income Taxes Payable	2.78M	5.95M	4.59M	2.28M	3.75M
Unearned Revenue Current, Total	87.94M	46.1M	47.89M	36.83M	94.37M
Other Current Liabilities	10.27M	6.61M	10.38M	9.9M	1.76M
Total Current Liabilities	732M	1.1B	3.44B	2.97B	3.5B
Long-Term Debt	16.01M	14.82M	11.82M	8.82M	-
Long-Term Leases	7.9M	-	2.42M	33.5M	27.96M
Unearned Revenue Non Current	15.68M	12.1M	4.14M	3.7M	2.86M
Deferred Tax Liability Non Current	15.63M	13.48M	14.1M	14.74M	16.97M
Total Liabilities	787M	1.14B	3.47B	3.03B	3.55B
Common Stock, Total	8.94M	8.94M	8.94M	8.94M	13.51M
Additional Paid In Capital	89.44M	89.44M	89.44M	89.44M	212M
Retained Earnings	161M	167M	200M	216M	231M
Comprehensive Income and Other	56.58M	54.37M	53.86M	53.58M	80.65M
Total Common Equity	316M	320M	352M	368M	537M
Minority Interest	-87K	487K	-871K	-1.61M	-1.28M
Total Equity	316M	321M	351M	367M	535M
Total Liabilities And Equity	1.1B	1.46B	3.82B	3.4B	4.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1B	1B	1B	1B	1.5B
ECS Total Common Shares Outstanding	1B	1B	1B	1B	1.5B
Book Value / Share	0.32	0.32	0.35	0.37	0.36
Tangible Book Value	311M	298M	347M	363M	529M
Tangible Book Value Per Share	0.31	0.3	0.35	0.36	0.35
Total Debt	78.46M	57.68M	163M	187M	126M
Net Debt	-6.44M	21.04M	94.8M	108M	-60.25M
Debt Equivalent Oper. Leases	13.62M	-	1.64M	7.12M	5.69M
Minority Interest, Total (Incl. Fin. Div)	-87K	487K	-871K	-1.61M	-1.28M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	249M	78.69M	226M	140M	198M
Inventories - Work In Process, Total	11.03M	59.66M	28.22M	106M	63.83M
Inventories - Finished Goods, Total	20.51M	49.08M	123M	80.01M	142M
Land - (BS)	64.84M	64.84M	64.84M	64.84M	64.84M
Machinery, Total	108M	107M	108M	123M	132M
Full Time Employees	1.02K	890	1.33K	1.41K	1.64K
Accumulated Allowance for Doubtful Accounts (Supple)	2.58M	2.5M	5.86M	14.28M	7.26M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-17.75M	6.51M	32.37M	16.34M	41.42M
Depreciation & Amortization - CF	34.07M	34.81M	32.55M	27.03M	25.42M
Amortization of Goodwill and Intangible Assets - (CF)	126K	63K	63K	62K	61K
Depreciation & Amortization, Total	34.2M	34.87M	32.61M	27.09M	25.48M
Amortization of Deferred Charges, Total - (CF)	930K	2.24M	2.32M	2.31M	1.25M
(Gain) Loss From Sale Of Asset	-281K	2.14M	928K	9K	5K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	2.9M
Asset Writedown & Restructuring Costs	15K	-	-	-	-
Provision and Write-off of Bad Debts	-2.42M	-76K	3.36M	8.42M	-7.02M
Other Operating Activities, Total	-25.56M	226K	11.96M	-14.38M	-837K
Change in Trading Asset Securities	-	-	-	-	-507K
Change In Accounts Receivable	116M	31.46M	-618M	215M	-413M
Change In Inventories	38.7M	93.88M	-190M	51.68M	-78.29M
Change In Accounts Payable	-67.81M	416M	2.22B	-281M	200M
Change in Unearned Revenues	-23.72M	-40.12M	1.97M	-9.59M	53.57M
Change in Other Net Operating Assets	-48.93M	8.23M	78.04M	-43.2M	-56.2M
Cash from Operations	3.6M	556M	1.57B	-27.12M	-231M
Capital Expenditure	-3.12M	-8.5M	-7.02M	-17.64M	-17.09M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-2.38M	-18.28M	-	-	-
Divestitures	-	-	14.39M	-	-
Sale (Purchase) of Intangible assets	-4.01M	-783K	-885K	-932K	-4.19M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-36.13M
Other Investing Activities, Total	53.9M	-540M	-1.59B	279M	15.53M
Cash from Investing	44.39M	-568M	-1.59B	260M	-41.88M
Long-Term Debt Issued, Total	284M	240M	458M	171M	493M
Total Debt Issued	284M	240M	458M	171M	493M
Long-Term Debt Repaid, Total	-293M	-258M	-375M	-357M	-246M
Total Debt Repaid	-293M	-258M	-375M	-357M	-246M
Issuance of Common Stock	-	-	-	-	128M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	17.9M	-17.56M	-35.82M	-36.19M	-28.68M
Cash from Financing	9.4M	-35.94M	47.68M	-222M	346M
Foreign Exchange Rate Adjustments	-808K	1.66M	-2.04M	666K	140K
Net Change in Cash	56.58M	-46.27M	31.32M	11.41M	73.94M
Supplemental Items
Cash Interest Paid	6.47M	18.26M	35.82M	36.19M	27.49M
Cash Income Tax Paid (Refund)	2.71M	2.64M	10.11M	8.83M	9.27M
Levered Free Cash Flow	51.61M	-40.22M	-93.7M	-21.33M	-1.05M
Unlevered Free Cash Flow	55.65M	-28.8M	-71.31M	1.29M	16.13M
Change In Net Working Capital	-56.69M	41.58M	121M	-1.37M	7.58M
Net Debt Issued / Repaid	-8.5M	-18.37M	83.5M	-186M	247M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.51	-1.17	0.88	-0.3	0.49
Return on Total Capital	-7.35	-3.9	5.18	-2.05	3.01
Return On Equity %	-5.55	2	9.23	4.35	9.25
Return on Common Equity	-5.47	2.05	9.63	4.54	9.16
Margin Analysis
Gross Profit Margin %	8.61	14.04	10.61	8.84	8.32
SG&A Margin	4.99	7.15	4.35	4.57	3.63
EBITDA Margin %	-1.28	0.04	1.82	-0.04	1.1
EBITA Margin %	-2.32	-1.66	1.31	-0.6	0.67
EBIT Margin %	-2.32	-1.66	1.31	-0.6	0.67
Income From Continuing Operations Margin %	-0.9	0.44	1.1	0.54	0.96
Net Income Margin %	-0.89	0.45	1.15	0.56	0.95
Net Avail. For Common Margin %	-0.89	0.45	1.15	0.56	0.95
Normalized Net Income Margin	-1.11	-0.27	0.59	-0.14	0.49
Levered Free Cash Flow Margin	2.58	-2.77	-3.32	-0.73	-0.02
Unlevered Free Cash Flow Margin	2.78	-1.99	-2.53	0.04	0.37
Asset Turnover
Asset Turnover	1.73	1.13	1.07	0.81	1.16
Fixed Assets Turnover	13.81	11.5	26.47	24.61	33.6
Receivables Turnover (Average Receivables)	7.08	6.94	5.64	4.18	5.46
Inventory Turnover (Average Inventory)	6.09	5.33	8.93	7.56	10.92
Short Term Liquidity
Current Ratio	1.3	1.21	1.08	1.1	1.13
Quick Ratio	0.53	0.27	0.27	0.25	0.38
Operating Cash Flow to Current Liabilities	0	0.51	0.46	-0.01	-0.07
Days Sales Outstanding (Average Receivables)	51.57	52.56	64.68	87.58	66.89
Days Outstanding Inventory (Average Inventory)	59.89	68.49	40.87	48.42	33.42
Average Days Payable Outstanding	113.86	231.71	275.7	411.68	265.96
Cash Conversion Cycle (Average Days)	-2.39	-110.65	-170.15	-275.69	-165.64
Long Term Solvency
Total Debt/Equity	24.84	17.98	46.34	51.03	23.6
Total Debt / Total Capital	19.9	15.24	31.67	33.79	19.09
LT Debt/Equity	7.57	4.62	4.06	11.55	5.22
Long-Term Debt / Total Capital	6.06	3.92	2.77	7.64	4.23
Total Liabilities / Total Assets	71.36	78.05	90.81	89.2	86.9
EBIT / Interest Expense	-7.18	-1.32	1.03	-0.48	1.06
EBITDA / Interest Expense	-1.9	0.59	1.94	0.27	1.99
(EBITDA - Capex) / Interest Expense	-2.38	0.13	1.75	-0.22	1.37
Total Debt / EBITDA	-6.4	5.35	2.34	19.45	2.31
Net Debt / EBITDA	0.53	1.95	1.36	11.2	-1.1
Total Debt / (EBITDA - Capex)	-5.1	25.19	2.6	-23.32	3.36
Net Debt / (EBITDA - Capex)	0.42	9.19	1.51	-13.43	-1.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.34	-27.48	94.63	3.35	49.11
Gross Profit, 1 Yr. Growth %	-10.95	18.23	47.12	-13.96	40.37
EBITDA, 1 Yr. Growth %	3.69K	-102.32	8.57K	-102.02	-4.66K
EBITA, 1 Yr. Growth %	138.16	-48.15	-254.22	-146.42	-268.18
EBIT, 1 Yr. Growth %	138.03	-48.15	-253.56	-146.66	-267.23
Earnings From Cont. Operations, 1 Yr. Growth %	-158.85	-135.22	387.6	-49.67	167.19
Net Income, 1 Yr. Growth %	-157.5	-136.65	397.53	-49.52	153.45
Normalized Net Income, 1 Yr. Growth %	1.5K	-82.6	-529.38	-126.28	-614.41
Diluted EPS Before Extra, 1 Yr. Growth %	-157.64	-136.65	397.53	-49.52	147.37
Accounts Receivable, 1 Yr. Growth %	-33.37	-15.18	321.92	-27.38	71.46
Inventory, 1 Yr. Growth %	-12.18	-33.18	101.48	-13.66	24.01
Net Property, Plant and Equip., 1 Yr. Growth %	-2.44	-23.59	-4.76	27.82	-5.36
Total Assets, 1 Yr. Growth %	-8.68	32.49	161.61	-11.17	20.38
Tangible Book Value, 1 Yr. Growth %	-5	-4.01	16.94	4.65	45.55
Common Equity, 1 Yr. Growth %	-5.22	1.36	9.95	4.56	45.75
Cash From Operations, 1 Yr. Growth %	-108.96	2.5K	183	-147.7	750.35
Capital Expenditures, 1 Yr. Growth %	-89.77	172.1	-17.42	151.43	-3.11
Levered Free Cash Flow, 1 Yr. Growth %	-119.33	-181.06	132.99	-77.23	-95.07
Unlevered Free Cash Flow, 1 Yr. Growth %	-121.12	-153.68	147.6	-101.81	1.15K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-19.9	-18.47	18.8	41.83	24.14
Gross Profit, 2 Yr. CAGR %	-12.92	2.6	31.89	12.51	9.9
EBITDA, 2 Yr. CAGR %	-10.94	-6.36	41.73	33.1	-3.98
EBITA, 2 Yr. CAGR %	73.25	11.13	-10.58	-14.86	-11.65
EBIT, 2 Yr. CAGR %	73.84	11.09	-10.77	-14.82	-11.66
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.85	-54.47	31.05	56.65	15.96
Net Income, 2 Yr. CAGR %	-32.53	-54.1	35.03	58.48	13.12
Normalized Net Income, 2 Yr. CAGR %	23.05	66.66	-13.56	3.7	16.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-40.2	-54.1	35.03	58.48	-0.91
Accounts Receivable, 2 Yr. CAGR %	-39.73	-24.82	89.17	75.04	11.59
Inventory, 2 Yr. CAGR %	-0.61	-23.39	16.03	31.89	3.47
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.78	-13.66	-14.69	10.34	9.99
Total Assets, 2 Yr. CAGR %	-17.65	10	86.18	52.44	3.41
Tangible Book Value, 2 Yr. CAGR %	2.7	-4.51	5.71	10.63	23.42
Common Equity, 2 Yr. CAGR %	2.45	-1.99	5.57	7.22	23.45
Cash From Operations, 2 Yr. CAGR %	-78.91	272.1	758.36	-77.91	101.39
Capital Expenditures, 2 Yr. CAGR %	-51.6	-47.25	49.9	44.09	56.08
Levered Free Cash Flow, 2 Yr. CAGR %	-41.48	-61.19	37.43	-27.17	-89.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	-37.66	-66.94	15.29	-78.86	-52.34
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12.09	-22.52	8.96	13.41	44.22
Gross Profit, 3 Yr. CAGR %	-13.18	-3.58	15.7	14.38	21.12
EBITDA, 3 Yr. CAGR %	-23.76	-73.62	323.7	-65.51	332.17
EBITA, 3 Yr. CAGR %	2.66	15.89	23.95	-27.83	6.83
EBIT, 3 Yr. CAGR %	2.81	16.15	23.75	-27.81	6.66
Earnings From Cont. Operations, 3 Yr. CAGR %	-25.66	-44.77	0.36	-4.74	87.16
Net Income, 3 Yr. CAGR %	-26.87	-44.95	1.58	-2.73	85.33
Normalized Net Income, 3 Yr. CAGR %	0.62	-35.89	128.47	-42.8	76.86
Diluted EPS Before Extra, 3 Yr. CAGR %	-35.61	-49.25	1.58	-2.73	69.68
Accounts Receivable, 3 Yr. CAGR %	-18.47	-32.46	33.6	37.49	73.84
Inventory, 3 Yr. CAGR %	15.03	-12.93	5.74	5.14	29.21
Net Property, Plant and Equip., 3 Yr. CAGR %	2.87	-9.06	-10.79	-2.38	4.83
Total Assets, 3 Yr. CAGR %	-2.52	-3.5	46.83	45.48	40.9
Tangible Book Value, 3 Yr. CAGR %	26.06	0.42	2.01	5.36	21.22
Common Equity, 3 Yr. CAGR %	25.38	2.09	1.84	5.23	18.77
Cash From Operations, 3 Yr. CAGR %	-78.12	90.15	239.65	8.3	-25.42
Capital Expenditures, 3 Yr. CAGR %	-63.87	-13.93	-38.75	78.1	26.24
Levered Free Cash Flow, 3 Yr. CAGR %	-39.71	-35.62	-29.46	-24.52	-70.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-39.02	-41.41	-35.32	-71.16	-17.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.63	-12.88	-0.83	-1.32	14.8
Gross Profit, 5 Yr. CAGR %	0.78	-3.29	2.62	2.56	13.34
EBITDA, 5 Yr. CAGR %	-6.87	-56.9	-2.3	-49.6	134.41
EBITA, 5 Yr. CAGR %	7.17	-5.13	-2.85	2.44	8.53
EBIT, 5 Yr. CAGR %	7.23	-5.07	-2.86	2.6	8.41
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.81	-27.65	-6.73	-16.2	6.33
Net Income, 5 Yr. CAGR %	-16.11	-27.59	-6.54	-15.97	6.05
Normalized Net Income, 5 Yr. CAGR %	-4.23	-28.93	-5.31	-22.29	72.71
Diluted EPS Before Extra, 5 Yr. CAGR %	-43.75	-49.58	-13.46	-19.97	0.58
Accounts Receivable, 5 Yr. CAGR %	-3.82	-4.76	14.16	-1.14	24.31
Inventory, 5 Yr. CAGR %	14.79	-12.09	15.43	2.8	4.83
Net Property, Plant and Equip., 5 Yr. CAGR %	44.67	6.38	-4.55	-1.74	-3
Total Assets, 5 Yr. CAGR %	10.25	9.16	26.28	15.86	27.62
Tangible Book Value, 5 Yr. CAGR %	37.93	23.77	17.49	4.29	10.09
Common Equity, 5 Yr. CAGR %	36.5	24.29	17.04	4.11	9.99
Cash From Operations, 5 Yr. CAGR %	-51.27	51.54	35.58	-19.62	41.86
Capital Expenditures, 5 Yr. CAGR %	-29.26	-33.67	-36.16	5.77	-10.95
Levered Free Cash Flow, 5 Yr. CAGR %	-	120.99	-16.83	-32.36	-66.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	39.64	-21.9	-61.03	-42.8