Coraza Integrated Technology Bhd

Coraza Integrated Technology Bhd maintains a strong liquidity position, with a current ratio of 5.07 and cash and equivalents amounting to MYR 52,074,000. The company's liquidity is further supported by a low debt-to-equity ratio of 0.23, indicating a conservative capital structure.

The company's profitability is currently negative, with a return on equity of -1.06% and a return on assets of -0.8%. These figures are below the industry norms for the iron and steel sector, suggesting that the company is underperforming in terms of generating returns from its equity and asset base.

Geographically and segment-wise, the company's exposure is not explicitly detailed in the available data. However, the company's revenue concentration and segmental breakdown are not disclosed, which limits the ability to assess the diversification of its revenue streams.

The company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year. The operating cash flow of MYR 1,182,000 and a free cash flow of -MYR 2,900,000 suggest that the company is not generating sufficient cash to fund its operations and capital expenditures.

The risk assessment indicates a low liquidity risk and a low dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's capital structure and financial position do not currently suggest a high risk of dilution or liquidity constraints.

Recent events and filings do not show any significant changes or developments that would impact the company's financial position or operational performance. The company's financial statements and disclosures do not indicate any material events that would alter the current assessment.

Revenue surged 47% year-over-year to MYR 160.2 million in FY2026, demonstrating strong top-line growth momentum.

Net income jumped 222.3% to MYR 14.2 million in FY2026, signaling a robust recovery in profitability.

Operating income expanded 3,935.3% to MYR 20.8 million in FY2026, highlighting significant operational leverage improvements.

Gross profit reached MYR 47.7 million in FY2026, reflecting improved cost management and pricing power.

The debt-to-equity ratio of 0.23 is below the cohort median of 0.34, indicating a conservative capital structure.

Long-term debt increased to MYR 48.9 million in FY2026, up from MYR 23.7 million in FY2022.

Operating and net margins remain in the bottom quartile of the Iron & Steel cohort, indicating weak profitability.

The company faces high credit risk, which could constrain future financing options and increase borrowing costs.

Revenue MYR 160.2M, +47,0% YoY; Operating income +3 935,3% YoY.

• ▍Revenue MYR 160.2M, +47,0% YoY
• ▍Operating income +3 935,3% YoY
• ▍Net income +222,3% YoY
• ▍Free cash flow −52,6% YoY
• ▍Net margin 8.8%

Revenue MYR 109.0M, +35,1% YoY; Operating income +114,9% YoY.

• ▍Revenue MYR 109.0M, +35,1% YoY
• ▍Operating income +114,9% YoY
• ▍Net income +264,5% YoY
• ▍Free cash flow +68,0% YoY
• ▍Net margin 4.0%

Revenue MYR 80.7M, −43,7% YoY; Operating income −117,8% YoY.

• ▍Revenue MYR 80.7M, −43,7% YoY
• ▍Operating income −117,8% YoY
• ▍Net income −118,2% YoY
• ▍Free cash flow −572,2% YoY
• ▍Net margin -3.3%

Revenue MYR 143.3M, +35,1% YoY; Operating income +15,1% YoY.

• ▍Revenue MYR 143.3M, +35,1% YoY
• ▍Operating income +15,1% YoY
• ▍Net income +14,5% YoY
• ▍Free cash flow −19,6% YoY
• ▍Net margin 10.3%

Revenue MYR 106.1M; Operating income MYR 16.9M.

• ▍Revenue MYR 106.1M
• ▍Operating income MYR 16.9M
• ▍Net margin 12.1%