Annica Holdings Ltd

Annica Holdings Ltd has a negative equity position of SGD -1,188,000 and a debt-to-equity ratio of -1.62, indicating a leveraged capital structure with liabilities exceeding assets. The company maintains a liquidity position of SGD 2,497,000 in cash and equivalents, but its current ratio of 0.88 suggests limited short-term liquidity to cover liabilities. Operating cash flow of SGD 720,000 supports operations, but free cash flow is negative at SGD -230,000, indicating cash outflows from operations after capital expenditures.

Profitability metrics show a return on equity of 35.35%, driven by a net loss of SGD -420,000 and negative equity, which inflates the ratio. Return on assets is negative at -3.78%, reflecting underperformance relative to asset base. Gross profit of SGD 912,000 and operating income of SGD -147,000 suggest margin compression and operational inefficiencies.

The company's revenue of SGD 1,748,000 is derived from a single business segment focused on oil-related services and equipment, with no disclosed geographic diversification. This concentration increases exposure to regional and sector-specific risks.

Growth trajectory is constrained by a net loss and negative free cash flow. The company has not provided analyst estimates for future earnings, and no forward-looking revenue guidance is available. Historical revenue trends do not indicate consistent growth.

Risk factors include low liquidity and a negative equity position, which could limit operational flexibility. Dilution risk is currently low, with no immediate filing-based flags detected. However, the company's capital structure and financial performance suggest potential for future dilution if additional financing is required.

Recent events include the latest financial filing, which discloses a net loss and negative equity. No significant regulatory or operational events have been reported in the latest filings.

Annica Holdings achieved positive operating income of SGD 836,000 in fiscal year 2008, marking a significant turnaround from previous losses.

The company generated positive free cash flow of SGD 551,000 in fiscal year 2008, demonstrating improved cash generation capabilities.

The company carries a low dilution risk, suggesting limited immediate threat to existing shareholder equity value from share issuance.

Annica Holdings faces low liquidity risk, indicating sufficient market depth or asset liquidity to support trading activities.

The company faces high credit risk, indicating significant concerns regarding its ability to meet financial obligations.

Revenue SGD 12.6M, −20,3% YoY; Operating income +303,9% YoY.

• ▍Revenue SGD 12.6M, −20,3% YoY
• ▍Operating income +303,9% YoY
• ▍Net income +98,3% YoY
• ▍Free cash flow +248,1% YoY
• ▍Net margin -0.2%

Revenue SGD 15.8M, +5,7% YoY; Operating income +70,8% YoY.

• ▍Revenue SGD 15.8M, +5,7% YoY
• ▍Operating income +70,8% YoY
• ▍Net income +17,4% YoY
• ▍Free cash flow +74,0% YoY
• ▍Net margin -7.8%

Revenue SGD 15.0M, +95,8% YoY; Operating income −42,0% YoY.

• ▍Revenue SGD 15.0M, +95,8% YoY
• ▍Operating income −42,0% YoY
• ▍Net income −36,6% YoY
• ▍Free cash flow −90,5% YoY
• ▍Net margin -10.0%

Revenue SGD 7.7M; Operating income -SGD 988.0k.

• ▍Revenue SGD 7.7M
• ▍Operating income -SGD 988.0k
• ▍Net margin -14.3%