Income Statement Bahvest Resources

Stocks

0098

MYQ0098OO002

Gold

Market Closed - BURSA MALAYSIA 02:20:04 08/10/2026 pm IST			5-day change	1st Jan Change
0.3400 ^MYR	0.00%		-1.45%	-41.38%

01/10	Aumas Resources Berhad Announces Address Change	CI
04/09	AUMAS Resources Berhad Announces Maiden Mineral Resource Estimate For The Andrassy Gold Project	CI

73a2644cec92710993.0fjbYwI4ALlTEwtTA8v98pr6nMZdYH5WgwQ6n0aqeYk.o5auLm8JZd1qSzMxTbmQt8yo0_A_VxcFsHN7zCOcGKSrwKgEWl16yAR4Ug

Published financial data: BAHVEST RESOURCES

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Revenues	9.59Cr	15Cr	13Cr	17Cr	25Cr
Total Revenues	9.59Cr	15Cr	13Cr	17Cr	25Cr
Cost of Goods Sold, Total	8.26Cr	12Cr	12Cr	12Cr	19Cr
Gross Profit	1.33Cr	3.12Cr	1.48Cr	5.4Cr	5.95Cr
Selling General & Admin Expenses, Total	1.11Cr	1.05Cr	99.75L	55.86L	86.25L
Provision for Bad Debts	-	10L	-2L	13.56L	5L
Other Operating Expenses	7L	-2L	13.16L	20.47L	22.57L
Other Operating Expenses, Total	1.18Cr	1.12Cr	1.11Cr	89.89L	1.14Cr
Operating Income	15.07L	1.99Cr	37.74L	4.5Cr	4.81Cr
Interest Expense, Total	-12.93L	-13.81L	-13.64L	-10.11L	-6L
Interest And Investment Income	2L	69.23T	2L	15.14L	86.15L
Net Interest Expenses	-10.72L	-13.12L	-12L	5L	80.26L
Currency Exchange Gains (Loss)	7L	9L	-2L	-10L	90.92T
Other Non Operating Income (Expenses)	-8L	-	-	-	-1.5T
EBT, Excl. Unusual Items	4L	1.96Cr	23.59L	4.46Cr	5.62Cr
Impairment of Goodwill	-32.18T	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1L	-	6L	9L	3L
Asset Writedown	-1.11Cr	-	-660	-7.74T	-474
Insurance Settlements	-	-	-	-	-
Other Unusual Items	10.93T	-5.74T	-	-	-
EBT, Incl. Unusual Items	-1.06Cr	1.95Cr	29.98L	4.55Cr	5.66Cr
Income Tax Expense	35.72L	71.28L	23.24L	1.29Cr	2.32Cr
Earnings From Continuing Operations	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Net Income - (IS)	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Net Income to Common Incl Extra Items	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Net Income to Common Excl. Extra Items	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Per Share Items
Net EPS - Basic	-0.01	0.01	0	0.02	0.02
Basic EPS - Continuing Operations	-0.01	0.01	0	0.02	0.02
Basic Weighted Average Shares Outstanding	122.94Cr	123.33Cr	123.96Cr	130.78Cr	182.15Cr
Net EPS - Diluted	-0.01	0.01	0	0.02	0.02
Diluted EPS - Continuing Operations	-0.01	0.01	0	0.02	0.02
Diluted Weighted Average Shares Outstanding	122.94Cr	187.59Cr	123.96Cr	130.78Cr	182.15Cr
Normalized Basic EPS	0	0.01	0	0.02	0.02
Normalized Diluted EPS	0	0.01	0	0.02	0.02
Dividend Per Share	-	-	-	-	0.04
Payout Ratio	-	-	-	-	136.54
Supplemental Items
EBITDA	1.11Cr	2.97Cr	1.99Cr	6.13Cr	6.33Cr
EBITA	40.37L	2.25Cr	63.03L	4.76Cr	5.06Cr
EBIT	15.07L	1.99Cr	37.74L	4.5Cr	4.81Cr
EBITDAR	1.11Cr	2.97Cr	2.99Cr	6.13Cr	-
Effective Tax Rate - (Ratio)	-33.82	36.46	77.52	28.47	41.03
Current Domestic Taxes	31.93L	66.84L	17.08L	1.35Cr	2.3Cr
Total Current Taxes	31.93L	66.84L	17.08L	1.35Cr	2.3Cr
Deferred Domestic Taxes	4L	4L	6L	-6L	2L
Total Deferred Taxes	4L	4L	6L	-6L	2L
Normalized Net Income	3L	1.22Cr	14.75L	2.79Cr	3.51Cr
Interest on Long-Term Debt	8L	12.45L	20.44L	10L	6L
Supplemental Operating Expense Items
Selling and Marketing Expenses	3L	-	-	-	-
General and Administrative Expenses	1.08Cr	1.05Cr	99.75L	55.86L	86.25L
Net Rental Expense, Total	21.16T	32.5T	1L	34.5T	-
Imputed Operating Lease Interest Expense	10.04T	18.51T	-	18.65T	-
Imputed Operating Lease Depreciation	11.12T	13.99T	-	15.85T	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Assets
Cash And Equivalents	22.84L	76.61L	1.65Cr	30Cr	21Cr
Short Term Investments	8L	5L	69.35L	72.29L	5.45Cr
Total Cash And Short Term Investments	30.7L	82.07L	2.35Cr	31Cr	26Cr
Accounts Receivable, Total	66.68L	1.26Cr	23.31L	0	2.37Cr
Other Receivables	20.89L	12.76L	61.38L	46.06L	28.67L
Total Receivables	87.57L	1.39Cr	84.69L	46.06L	2.65Cr
Inventory	45.55L	93.47L	43.93L	57.54L	54.28L
Prepaid Expenses	3L	3L	3L	4L	2.22Cr
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	1.67Cr	3.18Cr	3.66Cr	32Cr	32Cr
Gross Property Plant And Equipment	13Cr	15Cr	17Cr	13Cr	18Cr
Accumulated Depreciation	-7.12Cr	-8.23Cr	-9.98Cr	-6.97Cr	-12Cr
Net Property Plant And Equipment	6.17Cr	6.4Cr	7.11Cr	5.85Cr	5.88Cr
Goodwill	-	-	-	-	-
Other Intangibles, Total	7.02Cr	6.77Cr	6.39Cr	6.13Cr	5.88Cr
Accounts Receivable Long-Term	23.46L	14.65L	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	15Cr	16Cr	17Cr	44Cr	43Cr
Liabilities
Accounts Payable, Total	1.49Cr	1.02Cr	2.34Cr	1.35Cr	2.53Cr
Accrued Expenses, Total	26.33L	1.21Cr	18.89L	20.08L	6L
Short-term Borrowings	27.35L	30.58T	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	58.93L	70.79L	70.53L	49.76L	28.74L
Current Income Taxes Payable	-	12.6L	2.06T	19.67L	29.1L
Other Current Liabilities	33.27L	15.64L	14.39L	6L	13.89L
Total Current Liabilities	2.95Cr	3.23Cr	3.38Cr	2.3Cr	3.31Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.28Cr	99.45L	1.16Cr	63.02L	32.77L
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	13.5L	17.93L	27.18L	21.19L	23.12L
Total Liabilities	4.37Cr	4.4Cr	4.81Cr	3.14Cr	3.87Cr
Common Stock, Total	29Cr	6.87Cr	7.08Cr	32Cr	32Cr
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-19Cr	4.71Cr	5.26Cr	8.52Cr	7.3Cr
Comprehensive Income and Other	54.77L	50.66L	-	-	-
Total Common Equity	11Cr	12Cr	12Cr	41Cr	39Cr
Total Equity	11Cr	12Cr	12Cr	41Cr	39Cr
Total Liabilities And Equity	15Cr	16Cr	17Cr	44Cr	43Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	123.21Cr	123.98Cr	123.98Cr	182.15Cr	182.15Cr
ECS Total Common Shares Outstanding	123.19Cr	123.53Cr	123.98Cr	182.15Cr	182.15Cr
Book Value / Share	0.09	0.1	0.1	0.22	0.22
Tangible Book Value	3.71Cr	5.32Cr	5.96Cr	34Cr	34Cr
Tangible Book Value Per Share	0.03	0.04	0.05	0.19	0.18
Total Debt	2.14Cr	1.71Cr	1.86Cr	1.13Cr	61.51L
Net Debt	1.84Cr	88.47L	-48.29L	-30Cr	-25Cr
Debt Equivalent Oper. Leases	2L	3L	-	3L	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	21.95L	53.54L	32.03L	46.47L	47.78L
Inventories - Finished Goods, Total	20.05L	35.84L	3L	-	-
Inventories - Others	4L	4L	9L	11.07L	6L
Land - (BS)	-	-	-	-	-
Buildings, Total	3.85Cr	3.89Cr	4.19Cr	4.1Cr	4.24Cr
Machinery, Total	4.36Cr	4.62Cr	9.38Cr	6.33Cr	10Cr
Full Time Employees	195	181	219	240	317
Accumulated Allowance for Doubtful Accounts (Supple)	2.14Cr	2.24Cr	1.23Cr	1.37Cr	1.38Cr

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Net Income	-1.41Cr	1.24Cr	7L	3.25Cr	3.34Cr
Depreciation & Amortization - CF	1.19Cr	1.12Cr	1.37Cr	1.39Cr	1.29Cr
Amortization of Goodwill and Intangible Assets - (CF)	25.3L	25.3L	25.3L	25.3L	25.3L
Depreciation & Amortization, Total	1.45Cr	1.37Cr	1.63Cr	1.64Cr	1.54Cr
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-1L	-	-6L	-9L	-3L
Asset Writedown & Restructuring Costs	1.77Cr	-	660	7.74T	474
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	13.28L	8L	-6L	13.56L	5L
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-26.73L	18.84L	-35.12L	68.53L	-68.98L
Change In Accounts Receivable	-71.88L	-49.37L	42.35L	-44.3L	-2.22Cr
Change In Inventories	-53.46L	-47.92L	33.03L	-13.61L	3L
Change In Accounts Payable	7L	32.67L	19.31L	-1.07Cr	1.12Cr
Cash from Operations	47.41L	2.23Cr	2.16Cr	3.98Cr	3.15Cr
Capital Expenditure	-65.4L	-1.18Cr	-89.49L	-33.43L	-3.44Cr
Sale of Property, Plant, and Equipment	16L	-	10.49L	29.89L	50T
Cash Acquisitions	-	-	-	-	-4.74Cr
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	16L	-	-	-20Cr	9.79Cr
Cash from Investing	-33.4L	-1.18Cr	-79L	-20Cr	1.62Cr
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-73.93T	-3L	-30.58T	-	-
Long-Term Debt Repaid, Total	-59.19L	-32.9L	-1.33Cr	-73.54L	-55.83L
Total Debt Repaid	-59.93L	-35.55L	-88.61L	-73.54L	-55.83L
Issuance of Common Stock	24.75L	11.83L	10.41L	25Cr	-
Common Dividends Paid	-	-	-	-	-4.55Cr
Common & Preferred Stock Dividends Paid	-	-	-	-	-4.55Cr
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-35.17L	-23.72L	-78.21L	24Cr	-5.11Cr
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-21.16L	81.12L	59.11L	8.33Cr	-34.59L
Supplemental Items
Cash Interest Paid	12.93L	13.81L	13.64L	10.11L	6L
Cash Income Tax Paid (Refund)	33.09L	42.9L	60.5L	59.96L	2.21Cr
Levered Free Cash Flow	55.26L	81.02L	-	3.42Cr	-2.05Cr
Unlevered Free Cash Flow	63.34L	89.65L	-	3.49Cr	-2.01Cr
Change In Net Working Capital	25.2L	53.46L	-	63.29L	3.13Cr
Net Debt Issued / Repaid	-59.93L	-35.55L	-88.61L	-73.54L	-55.83L

Fiscal Period: September	2021 (MYR)	2022 (MYR)	2023 (MYR)	2024 (MYR)	2025 (MYR)
Profitability
Return on Assets	0.6	7.89	-	9.24	6.91
Return on Total Capital	0.7	9.33	-	10.06	7.35
Return On Equity %	-12.49	10.89	-	12.28	8.34
Return on Common Equity	-12.49	10.89	-	12.28	8.34
Margin Analysis
Gross Profit Margin %	13.88	20.87	11.08	31.81	23.92
SG&A Margin	11.58	7.03	7.45	3.29	3.47
EBITDA Margin %	11.56	19.89	14.82	36.07	25.45
EBITA Margin %	4.21	15.05	4.71	28.01	20.37
EBIT Margin %	1.57	13.35	2.82	26.52	19.35
Income From Continuing Operations Margin %	-14.74	8.32	0.5	19.15	13.42
Net Income Margin %	-14.74	8.32	0.5	19.15	13.42
Net Avail. For Common Margin %	-14.74	8.32	0.5	19.15	13.42
Normalized Net Income Margin	0.27	8.19	1.1	16.41	14.13
Levered Free Cash Flow Margin	5.76	5.43	-	20.16	-8.25
Unlevered Free Cash Flow Margin	6.61	6	-	20.54	-8.1
Asset Turnover
Asset Turnover	0.61	0.95	-	0.56	0.57
Fixed Assets Turnover	1.44	2.37	-	2.62	4.24
Receivables Turnover (Average Receivables)	21.34	15.5	-	145.71	21.01
Inventory Turnover (Average Inventory)	15.92	17	-	22.82	33.82
Short Term Liquidity
Current Ratio	0.57	0.98	1.08	13.82	9.53
Quick Ratio	0.4	0.68	0.94	13.56	8.69
Operating Cash Flow to Current Liabilities	0.16	0.69	0.64	1.73	0.95
Days Sales Outstanding (Average Receivables)	17.1	23.55	-	2.51	17.37
Days Outstanding Inventory (Average Inventory)	22.93	21.48	-	16.04	10.79
Average Days Payable Outstanding	58.11	37.39	-	57.65	37.49
Cash Conversion Cycle (Average Days)	-18.07	7.64	-	-39.1	-9.33
Long Term Solvency
Total Debt/Equity	19.99	14.11	15.09	2.78	1.56
Total Debt / Total Capital	16.66	12.36	13.11	2.7	1.54
LT Debt/Equity	11.95	8.23	9.38	1.55	0.83
Long-Term Debt / Total Capital	9.96	7.21	8.15	1.51	0.82
Total Liabilities / Total Assets	28.94	26.68	28.05	7.18	8.94
EBIT / Interest Expense	1.17	14.43	2.77	44.57	81.69
EBITDA / Interest Expense	12.34	24.34	14.69	60.79	107.92
(EBITDA - Capex) / Interest Expense	7.28	15.77	8.13	57.48	49.51
Total Debt / EBITDA	1.34	0.51	0.93	0.18	0.1
Net Debt / EBITDA	1.15	0.26	-0.24	-4.81	-4.01
Total Debt / (EBITDA - Capex)	2.28	0.78	1.68	0.19	0.21
Net Debt / (EBITDA - Capex)	1.95	0.41	-0.44	-5.09	-8.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.76	55.76	-	26.82	46.37
Gross Profit, 1 Yr. Growth %	-110.16	134.27	-	264.03	10.07
EBITDA, 1 Yr. Growth %	-107.88	185.3	-	208.55	3.29
EBITA, 1 Yr. Growth %	-102.69	568.66	-	654.66	6.43
EBIT, 1 Yr. Growth %	-100.89	2.3T	-	1.09T	6.79
Earnings From Cont. Operations, 1 Yr. Growth %	-92.23	-187.88	-	4.72T	2.55
Net Income, 1 Yr. Growth %	-92.23	-187.88	-	4.72T	2.55
Normalized Net Income, 1 Yr. Growth %	-100.21	3.8T	-	1.79T	26.1
Diluted EPS Before Extra, 1 Yr. Growth %	-92.26	-157.4	-	4.57T	-26.4
Accounts Receivable, 1 Yr. Growth %	188	88.94	-	-100	-
Inventory, 1 Yr. Growth %	-21.7	105.21	-	30.97	-5.67
Net Property, Plant and Equip., 1 Yr. Growth %	-13.41	3.7	-	-17.76	0.54
Total Assets, 1 Yr. Growth %	-8.28	9.21	-	154.97	-1.13
Tangible Book Value, 1 Yr. Growth %	-19.69	43.48	-	478.5	-2.8
Common Equity, 1 Yr. Growth %	-9.8	12.68	-	228.92	-3
Cash From Operations, 1 Yr. Growth %	-72.03	370.69	-	83.77	-20.87
Capital Expenditures, 1 Yr. Growth %	-33.44	80.93	-	-62.65	928.76
Levered Free Cash Flow, 1 Yr. Growth %	-94.38	68.55	-	-	-159.91
Unlevered Free Cash Flow, 1 Yr. Growth %	-93.63	59.66	-	-	-157.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.39	25.28	-	-	36.25
Gross Profit, 2 Yr. CAGR %	-20.32	-51.21	-	-	100.17
EBITDA, 2 Yr. CAGR %	-24.13	-54.05	-	-	78.52
EBITA, 2 Yr. CAGR %	-33.96	-61.31	-	-	183.41
EBIT, 2 Yr. CAGR %	-49.99	-65.78	-	-	257.01
Earnings From Cont. Operations, 2 Yr. CAGR %	57.45	-73.87	-	-	603.39
Net Income, 2 Yr. CAGR %	57.45	-73.87	-	-	603.39
Normalized Net Income, 2 Yr. CAGR %	-69.72	-68.18	-	-	388.12
Diluted EPS Before Extra, 2 Yr. CAGR %	57.09	-78.92	-	-	485.95
Accounts Receivable, 2 Yr. CAGR %	-46.2	133.27	-	-	218.6
Inventory, 2 Yr. CAGR %	-83.07	26.76	-	-	11.15
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.32	-5.24	-	-	-9.07
Total Assets, 2 Yr. CAGR %	-35.12	0.08	-	-	58.78
Tangible Book Value, 2 Yr. CAGR %	-57.69	7.35	-	-	137.13
Common Equity, 2 Yr. CAGR %	-40.21	0.81	-	-	78.62
Cash From Operations, 2 Yr. CAGR %	-44.98	14.73	-	-	20.59
Capital Expenditures, 2 Yr. CAGR %	-26.39	9.74	-	-	96.02
Levered Free Cash Flow, 2 Yr. CAGR %	-10.46	-71.3	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.46	-69.97	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	62.79	31.91	-	-	-
Gross Profit, 3 Yr. CAGR %	-37.84	14.14	-	-	-
EBITDA, 3 Yr. CAGR %	-38.45	15.53	-	-	-
EBITA, 3 Yr. CAGR %	-53.04	34.4	-	-	-
EBIT, 3 Yr. CAGR %	-66.18	49	-	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-8.66	29.64	-	-	-
Net Income, 3 Yr. CAGR %	-8.65	29.64	-	-	-
Normalized Net Income, 3 Yr. CAGR %	-77.84	63.15	-	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-9.3	12.3	-	-	-
Accounts Receivable, 3 Yr. CAGR %	-31.6	-18.23	-	-	-
Inventory, 3 Yr. CAGR %	-69.28	-61.12	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.25	-1.71	-	-	-
Total Assets, 3 Yr. CAGR %	-24.47	-22.82	-	-	-
Tangible Book Value, 3 Yr. CAGR %	-42.34	-36.43	-	-	-
Common Equity, 3 Yr. CAGR %	-28.19	-26.15	-	-	-
Cash From Operations, 3 Yr. CAGR %	-26.94	12.53	-	-	-
Capital Expenditures, 3 Yr. CAGR %	-34.64	-0.66	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-45.08	5.54	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-42.12	3.52	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	39.26	36.86	-	-	-
Gross Profit, 5 Yr. CAGR %	12.25	-1.71	-	-	-
EBITDA, 5 Yr. CAGR %	18.39	2.93	-	-	-
EBITA, 5 Yr. CAGR %	0.93	4.53	-	-	-
EBIT, 5 Yr. CAGR %	-17.12	2.06	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	33.43	2.52	-	-	-
Net Income, 5 Yr. CAGR %	33.43	2.52	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-36.59	0.19	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	24.05	-10.04	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-26.38	-19.89	-	-	-
Inventory, 5 Yr. CAGR %	-44.27	-37.89	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	6.08	10.2	-	-	-
Total Assets, 5 Yr. CAGR %	-2.25	-12.12	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-23.78	-21.73	-	-	-
Common Equity, 5 Yr. CAGR %	-5.74	-15.3	-	-	-
Cash From Operations, 5 Yr. CAGR %	2.68	12.04	-	-	-
Capital Expenditures, 5 Yr. CAGR %	18.43	74.74	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	10.39	-39.58	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.28	-38.26	-	-	-