Protasco Bhd

Protasco Bhd's capital structure is characterized by a debt-to-equity ratio of 0.81, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.05, suggesting limited short-term liquidity cushion. Free cash flow is negative at -3.37 million MYR, and operating cash flow is also negative at -79.68 million MYR, signaling cash flow constraints.

Profitability metrics are weak, with a return on equity of -2.16% and a return on assets of -0.73%. These figures are below the industry norms for construction and engineering firms, which typically require strong project execution and cost control to maintain positive returns. The company reported a net loss of 6.21 million MYR and an operating loss of 673,000 MYR, further highlighting its underperformance.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and project-specific risks. No material revenue is attributed to international operations, and the company does not report segment-specific performance metrics.

Growth trajectory is negative, with a net loss in the latest reporting period and no disclosed revenue growth. The company's capital expenditure of -2.87 million MYR reflects ongoing investment in infrastructure, but the lack of corresponding revenue growth suggests these investments have not yet translated into profitability. No forward-looking guidance is provided for the next fiscal year.

Risk factors include liquidity constraints, with negative free and operating cash flows, and a debt-to-equity ratio that suggests moderate leverage. The risk assessment indicates low dilution potential, but the company's negative net cash position raises concerns about its ability to meet short-term obligations without external financing. No recent equity issuance or dilution events are disclosed.

Recent events include a net loss and negative operating cash flow, with no disclosed material developments in filings or transcripts. The company has not issued new shares or announced strategic initiatives that would suggest a turnaround in performance. No recent earnings calls or investor updates are available for analysis.

Revenue grew 27.3% year-over-year to MYR 1.41 billion, demonstrating strong top-line expansion momentum.

Net income surged 953% year-over-year to MYR 70.4 million, indicating a dramatic turnaround in profitability.

Free cash flow increased 370.5% to MYR 128.6 million, highlighting significantly improved cash generation capabilities.

Cash conversion ratio of 12.83 ranks as best-in-class within the Construction & Engineering cohort.

Long-term debt decreased to MYR 194.0 million in the latest period, reflecting a deleveraging trend.

Net margin of -3.94% lags significantly behind the cohort median of 3.81%, indicating weak profitability efficiency.

Debt-to-equity ratio of 0.81 is in the bottom quartile, exceeding the cohort median of 0.29.

The company faces medium liquidity risk, which could constrain operational flexibility during market stress.

Revenue MYR 1.28B, +15,5% YoY; Operating income +105,8% YoY.

• ▍Revenue MYR 1.28B, +15,5% YoY
• ▍Operating income +105,8% YoY
• ▍Net income +279,7% YoY
• ▍Free cash flow +144,6% YoY
• ▍Net margin 2.0%

Revenue MYR 883.9M, −20,6% YoY; Operating income −89,5% YoY.

• ▍Revenue MYR 883.9M, −20,6% YoY
• ▍Operating income −89,5% YoY
• ▍Net income −275,9% YoY
• ▍Free cash flow −153,5% YoY
• ▍Net margin -3.3%