Cash flow Vodatel Networks Holdings Limited

Stocks

8033

BMG938831093

IT Services & Consulting

Delayed Hong Kong S.E. 06:08:13 01/09/26 pm AEST			5-day change	1st Jan Change
0.1170 ^HKD	-0.85%		-1.68%	-8.59%

25/08	Vodatel Networks Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2026	CI
28/03	Vodatel Networks Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: VODATEL NETWORKS HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Revenues	413M	492M	528M	605M	584M
Total Revenues	413M	492M	528M	605M	584M
Cost of Goods Sold, Total	316M	402M	422M	487M	471M
Gross Profit	97.55M	90.02M	106M	118M	113M
Selling General & Admin Expenses, Total	102M	93.52M	101M	111M	102M
Provision for Bad Debts	-	1.39M	-859K	-256K	10K
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	3.78M	-1.15M	-1.16M	-227K	-1.03M
Other Operating Expenses, Total	106M	93.77M	99.4M	111M	100M
Operating Income	-8.48M	-3.75M	7.05M	7.49M	12.63M
Interest Expense, Total	-126K	-94K	-93K	-656K	-756K
Interest And Investment Income	3M	3.05M	3.78M	3.06M	2.72M
Net Interest Expenses	2.87M	2.96M	3.68M	2.4M	1.96M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-429K	-1.98M
EBT, Excl. Unusual Items	-5.61M	-791K	10.73M	9.46M	12.6M
Gain (Loss) On Sale Of Investments	157K	-1.44M	-5.87M	-3.28M	-3.85M
Gain (Loss) On Sale Of Assets	-	5.67M	-	-	-
EBT, Incl. Unusual Items	-5.45M	3.44M	4.86M	6.19M	8.76M
Income Tax Expense	312K	29K	-533K	-1.44M	16K
Earnings From Continuing Operations	-5.76M	3.41M	5.39M	7.63M	8.74M
Earnings Of Discontinued Operations	-2.67M	-	-	-	-
Net Income to Company	-8.43M	3.41M	5.39M	7.63M	8.74M
Minority Interest	2.11M	2.05M	1.14M	2.65M	2.35M
Net Income - (IS)	-6.32M	5.46M	6.53M	10.28M	11.09M
Net Income to Common Incl Extra Items	-6.32M	5.46M	6.53M	10.28M	11.09M
Net Income to Common Excl. Extra Items	-3.65M	5.46M	6.53M	10.28M	11.09M
Per Share Items
Net EPS - Basic	-0.01	0.01	0.01	0.02	0.02
Basic EPS - Continuing Operations	-0.01	0.01	0.01	0.02	0.02
Basic Weighted Average Shares Outstanding	615M	616M	616M	616M	616M
Net EPS - Diluted	-0.01	0.01	0.01	0.02	0.02
Diluted EPS - Continuing Operations	-0.01	0.01	0.01	0.02	0.02
Diluted Weighted Average Shares Outstanding	618M	621M	616M	616M	616M
Normalized Basic EPS	-0	0	0.01	0.01	0.02
Normalized Diluted EPS	-0	0	0.01	0.01	0.02
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Payout Ratio	-97.2	112.84	94.32	59.96	55.54
American Depositary Receipts Ratio (ADR)	50	50	50	50	50
Supplemental Items
EBITDA	-7.34M	-2.8M	8.18M	8.28M	13.47M
EBITA	-8.48M	-3.75M	7.05M	7.49M	12.63M
EBIT	-8.48M	-3.75M	7.05M	7.49M	12.63M
EBITDAR	-6.35M	-2.44M	8.45M	8.74M	13.99M
Effective Tax Rate - (Ratio)	-5.72	0.84	-10.97	-23.29	0.18
Current Domestic Taxes	312K	29K	-533K	-1.44M	16K
Total Current Taxes	312K	29K	-533K	-1.44M	16K
Normalized Net Income	-1.39M	1.55M	7.85M	8.56M	10.23M
Interest on Long-Term Debt	122K	80K	93K	62K	76K
Supplemental Operating Expense Items
Selling and Marketing Expenses	18.2M	18.47M	24.69M	30.32M	19.95M
General and Administrative Expenses	83.06M	74.69M	76.46M	80.27M	81.03M
Net Rental Expense, Total	986K	362K	270K	463K	526K
Imputed Operating Lease Interest Expense	249K	14.26K	11.72K	562K	229K
Imputed Operating Lease Depreciation	737K	348K	258K	-99.39K	297K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Assets
Cash And Equivalents	26.96M	23.82M	50.28M	39.12M	90.98M
Short Term Investments	3.8M	843K	55K	93K	4.65M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	30.76M	24.67M	50.34M	39.21M	95.63M
Accounts Receivable, Total	176M	219M	219M	256M	231M
Other Receivables	8.1M	8.1M	7.4M	7M	8.46M
Total Receivables	184M	227M	227M	263M	239M
Inventory	15.82M	13.63M	24.95M	20.56M	37.76M
Prepaid Expenses	46.62M	64M	61.84M	64.63M	62M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	-	3.47M	3.47M	3.47M	-
Total Current Assets	278M	333M	367M	390M	435M
Gross Property Plant And Equipment	16.7M	17.78M	16.1M	17.33M	17.95M
Accumulated Depreciation	-13.7M	-13.18M	-13.36M	-13.6M	-14.32M
Net Property Plant And Equipment	3M	4.6M	2.74M	3.72M	3.63M
Long-term Investments	58.86M	74.87M	66.82M	62.14M	58.73M
Total Assets	339M	412M	437M	456M	497M
Liabilities
Accounts Payable, Total	76.13M	93.25M	128M	125M	114M
Short-term Borrowings	3.51M	30.79M	-	5.72M	19.32M
Current Portion of Leases	989K	1.52M	983K	1.17M	766K
Current Income Taxes Payable	8.13M	6.78M	6.19M	4.46M	4.39M
Unearned Revenue Current, Total	44.91M	41.11M	53.92M	53.72M	69.88M
Other Current Liabilities	20.88M	29.61M	37.82M	54.38M	71.43M
Total Current Liabilities	155M	203M	227M	245M	280M
Long-Term Leases	357K	997K	-	765K	-
Total Liabilities	155M	204M	227M	245M	280M
Common Stock, Total	61.77M	61.77M	61.77M	61.77M	61.77M
Additional Paid In Capital	97.68M	91.52M	85.35M	79.19M	73.03M
Retained Earnings	-17.93M	-12.27M	-5.74M	4.54M	15.63M
Comprehensive Income and Other	45.95M	73.1M	75.38M	75M	79.11M
Total Common Equity	187M	214M	217M	220M	230M
Minority Interest	-3M	-5.82M	-6.96M	-9.6M	-11.91M
Total Equity	184M	208M	210M	211M	218M
Total Liabilities And Equity	339M	412M	437M	456M	497M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	616M	616M	616M	616M	616M
ECS Total Common Shares Outstanding	616M	616M	616M	616M	616M
Book Value / Share	0.3	0.35	0.35	0.36	0.37
Tangible Book Value	187M	214M	217M	220M	230M
Tangible Book Value Per Share	0.3	0.35	0.35	0.36	0.37
Total Debt	4.86M	33.31M	983K	7.66M	20.08M
Net Debt	-25.9M	8.64M	-49.35M	-31.55M	-75.55M
Debt Equivalent Oper. Leases	7.89M	2.9M	2.16M	3.7M	4.21M
Minority Interest, Total (Incl. Fin. Div)	-3M	-5.82M	-6.96M	-9.6M	-11.91M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	28.04M	26.91M	40.26M	35.62M	53.66M
Machinery, Total	11.16M	10.65M	9.89M	9.74M	10.7M
Full Time Employees	154	153	150	149	151
Accumulated Allowance for Doubtful Accounts (Supple)	10.41M	7.53M	1.51M	1.29M	1.32M
Order Backlog	420M	575M	597M	640M	-

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Net Income	-6.32M	5.46M	6.53M	10.28M	11.09M
Depreciation & Amortization - CF	2.79M	2.36M	2.67M	2.18M	2.02M
Depreciation & Amortization, Total	2.79M	2.36M	2.67M	2.18M	2.02M
(Gain) Loss From Sale Of Asset	-	-5.67M	-17K	7K	-
(Gain) Loss on Sale of Investments - (CF)	4.03M	1.44M	5.87M	3.28M	3.85M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	184K	1.39M	-859K	-256K	10K
Net Cash From Discontinued Operations	-3.36M	-	-	-	-
Other Operating Activities, Total	-1.14M	7.08M	9.81M	15.95M	16.48M
Change In Accounts Receivable	-35.11M	-44.36M	558K	-36.06M	24.59M
Change In Inventories	2.96M	1.14M	-13.35M	4.64M	-18.03M
Change In Accounts Payable	15.01M	21.05M	34.88M	-2.88M	-11.42M
Change in Unearned Revenues	4.57M	-3.81M	12.82M	-198K	16.16M
Change in Other Net Operating Assets	-2.89M	-20.74M	-2.21M	-8.88M	-1.99M
Cash from Operations	-19.26M	-34.66M	56.7M	-11.94M	42.75M
Capital Expenditure	-350K	-1.38M	-862K	-819K	-1.92M
Sale of Property, Plant, and Equipment	-	-	40K	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-3.07M	-115K	-	-	-
Investment in Marketable and Equity Securities, Total	-20.06M	14M	5.24M	254K	414K
Other Investing Activities, Total	3.07M	-419K	3.78M	3.06M	2.72M
Cash from Investing	-20.41M	12.09M	8.19M	2.49M	1.21M
Short Term Debt Issued, Total	3.51M	30.79M	-	5.72M	50.4M
Total Debt Issued	3.51M	30.79M	-	5.72M	50.4M
Short Term Debt Repaid, Total	-	-3.51M	-30.79M	-	-36.81M
Long-Term Debt Repaid, Total	-1.6M	-1.33M	-1.52M	-1.41M	-1.17M
Total Debt Repaid	-1.6M	-4.85M	-32.32M	-1.41M	-37.98M
Issuance of Common Stock	201K	-	-	-	-
Common Dividends Paid	-6.14M	-6.16M	-6.16M	-6.16M	-6.16M
Common & Preferred Stock Dividends Paid	-6.14M	-6.16M	-6.16M	-6.16M	-6.16M
Other Financing Activities, Total	-	-14K	-	-594K	2.84M
Cash from Financing	-4.03M	19.77M	-38.48M	-2.44M	9.1M
Foreign Exchange Rate Adjustments	-224K	-342K	34K	727K	-1.2M
Net Change in Cash	-43.93M	-3.14M	26.46M	-11.16M	51.86M
Supplemental Items
Cash Interest Paid	122K	94K	93K	656K	756K
Cash Income Tax Paid (Refund)	24K	1.1M	62K	290K	186K
Levered Free Cash Flow	-26.85M	-42.19M	52.72M	-16.94M	41.27M
Unlevered Free Cash Flow	-26.77M	-42.13M	52.78M	-16.53M	41.74M
Change In Net Working Capital	23.91M	40.76M	-46.56M	22.57M	-33.75M
Net Debt Issued / Repaid	1.91M	25.95M	-32.32M	4.32M	12.42M

Fiscal Period: December	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)
Profitability
Return on Assets	-1.55	-0.62	1.04	1.05	1.66
Return on Total Capital	-2.73	-1.09	1.95	2.18	3.46
Return On Equity %	-3.03	1.74	2.58	3.63	4.08
Return on Common Equity	-1.88	2.72	3.03	4.7	4.93
Margin Analysis
Gross Profit Margin %	23.62	18.31	20.16	19.52	19.36
SG&A Margin	24.75	19.02	19.2	18.36	17.38
EBITDA Margin %	-1.78	-0.57	1.55	1.37	2.31
EBITA Margin %	-2.05	-0.76	1.33	1.24	2.16
EBIT Margin %	-2.05	-0.76	1.33	1.24	2.16
Income From Continuing Operations Margin %	-1.39	0.69	1.02	1.26	1.5
Net Income Margin %	-1.53	1.11	1.24	1.7	1.9
Net Avail. For Common Margin %	-0.88	1.11	1.24	1.7	1.9
Normalized Net Income Margin	-0.34	0.32	1.49	1.42	1.75
Levered Free Cash Flow Margin	-6.5	-8.58	9.98	-2.8	7.07
Unlevered Free Cash Flow Margin	-6.48	-8.57	9.99	-2.73	7.15
Asset Turnover
Asset Turnover	1.21	1.31	1.24	1.35	1.23
Fixed Assets Turnover	91.6	129.29	143.95	187.18	158.88
Receivables Turnover (Average Receivables)	2.59	2.49	2.41	2.55	2.4
Inventory Turnover (Average Inventory)	17.71	27.27	21.86	21.39	16.15
Short Term Liquidity
Current Ratio	1.8	1.64	1.62	1.6	1.56
Quick Ratio	1.39	1.24	1.22	1.23	1.2
Operating Cash Flow to Current Liabilities	-0.12	-0.17	0.25	-0.05	0.15
Days Sales Outstanding (Average Receivables)	140.81	146.73	151.49	143.71	152.05
Days Outstanding Inventory (Average Inventory)	20.61	13.38	16.7	17.11	22.6
Average Days Payable Outstanding	80.65	77.4	93.32	96.13	89.37
Cash Conversion Cycle (Average Days)	80.76	82.71	74.87	64.69	85.28
Long Term Solvency
Total Debt/Equity	2.63	15.99	0.47	3.63	9.23
Total Debt / Total Capital	2.57	13.79	0.47	3.5	8.45
LT Debt/Equity	0.19	0.48	-	0.36	-
Long-Term Debt / Total Capital	0.19	0.41	-	0.35	-
Total Liabilities / Total Assets	45.64	49.49	51.97	53.79	56.23
EBIT / Interest Expense	-67.3	-39.87	75.78	11.41	16.7
EBITDA / Interest Expense	-45.19	-14.77	104.51	14.74	19.38
(EBITDA - Capex) / Interest Expense	-47.97	-29.46	95.24	13.49	16.84
Total Debt / EBITDA	-0.85	-24	0.1	0.79	1.37
Net Debt / EBITDA	4.55	-6.22	-5.08	-3.26	-5.16
Total Debt / (EBITDA - Capex)	-0.8	-12.03	0.11	0.87	1.58
Net Debt / (EBITDA - Capex)	4.29	-3.12	-5.57	-3.57	-5.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.91	19	7.42	14.53	-3.42
Gross Profit, 1 Yr. Growth %	-2.98	-7.72	18.25	10.91	-4.19
EBITDA, 1 Yr. Growth %	-379.5	-11.09	-392.49	1.14	62.72
EBITA, 1 Yr. Growth %	-1K	-12.63	-288.05	6.24	68.63
EBIT, 1 Yr. Growth %	-1K	-12.63	-288.05	6.24	68.63
Earnings From Cont. Operations, 1 Yr. Growth %	-290.23	-159.22	58.03	41.47	14.56
Net Income, 1 Yr. Growth %	-265.21	-186.38	19.63	57.3	7.95
Normalized Net Income, 1 Yr. Growth %	-150.09	26.89	405.15	9.08	19.5
Diluted EPS Before Extra, 1 Yr. Growth %	-217.34	-248.15	20.45	57.32	7.95
Accounts Receivable, 1 Yr. Growth %	23.66	24.29	0.14	16.56	-9.62
Inventory, 1 Yr. Growth %	-20.12	-13.87	83.1	-17.59	83.65
Net Property, Plant and Equip., 1 Yr. Growth %	-50.03	53.04	-40.47	36.01	-2.55
Total Assets, 1 Yr. Growth %	-1.81	21.5	5.94	4.46	8.96
Tangible Book Value, 1 Yr. Growth %	-6.33	14.21	1.24	1.72	4.1
Common Equity, 1 Yr. Growth %	-6.33	14.21	1.24	1.72	4.1
Cash From Operations, 1 Yr. Growth %	-202.41	79.94	-263.62	-121.07	-457.92
Capital Expenditures, 1 Yr. Growth %	-55.7	294.57	-37.58	-4.99	134.31
Levered Free Cash Flow, 1 Yr. Growth %	-240.37	74.1	-224.97	-132.13	-343.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-239.45	74.43	-225.28	-131.32	-352.54
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.82	11.2	13.06	10.92	5.17
Gross Profit, 2 Yr. CAGR %	-9.87	-5.38	4.46	14.52	3.08
EBITDA, 2 Yr. CAGR %	-3.92	3.24	61.26	71.99	28.28
EBITA, 2 Yr. CAGR %	-8.91	99.68	28.18	41.35	33.85
EBIT, 2 Yr. CAGR %	-8.91	99.68	28.18	41.35	33.85
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.55	6.13	-3.26	49.52	27.31
Net Income, 2 Yr. CAGR %	9.66	19.46	1.66	37.18	30.31
Normalized Net Income, 2 Yr. CAGR %	-9.82	-25.29	153.18	134.74	14.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.67	31.85	33.59	37.66	30.32
Accounts Receivable, 2 Yr. CAGR %	-1.67	23.97	11.56	8.04	2.64
Inventory, 2 Yr. CAGR %	-29.51	-17.05	25.58	22.84	23.02
Net Property, Plant and Equip., 2 Yr. CAGR %	-31.42	-12.55	-4.55	-10.01	15.13
Total Assets, 2 Yr. CAGR %	-5.81	9.23	13.46	5.2	6.69
Tangible Book Value, 2 Yr. CAGR %	-3.92	3.43	7.53	1.48	2.9
Common Equity, 2 Yr. CAGR %	-3.92	3.43	7.53	1.48	2.9
Cash From Operations, 2 Yr. CAGR %	-19.07	35.75	71.58	-41.29	-13.17
Capital Expenditures, 2 Yr. CAGR %	-64.21	32.22	56.93	-22.99	49.21
Levered Free Cash Flow, 2 Yr. CAGR %	-0.17	48.51	47.5	-36.63	-11.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	-0.04	48.13	47.82	-37.36	-11.06
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.3	-2.56	9.93	13.55	5.92
Gross Profit, 3 Yr. CAGR %	-3.06	-9.16	1.92	6.57	7.91
EBITDA, 3 Yr. CAGR %	115.02	-29.39	46.09	38.04	68.84
EBITA, 3 Yr. CAGR %	75.6	-28.42	95.72	20.4	49.91
EBIT, 3 Yr. CAGR %	75.6	-28.42	95.72	20.4	49.91
Earnings From Cont. Operations, 3 Yr. CAGR %	335	-22.62	21.19	9.8	36.82
Net Income, 3 Yr. CAGR %	233.12	1.28	19.52	17.58	26.65
Normalized Net Income, 3 Yr. CAGR %	45.49	-3.24	41.27	91.22	87.43
Diluted EPS Before Extra, 3 Yr. CAGR %	177.49	0.95	27.94	41.07	26.95
Accounts Receivable, 3 Yr. CAGR %	10.95	6.31	15.46	13.2	1.8
Inventory, 3 Yr. CAGR %	-4.42	-24.64	8	9.13	40.46
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.74	-10.38	-23.07	7.41	-7.59
Total Assets, 3 Yr. CAGR %	-0.14	2.53	8.12	10.38	6.44
Tangible Book Value, 3 Yr. CAGR %	-3.32	1.78	2.7	5.56	2.35
Common Equity, 3 Yr. CAGR %	-3.32	1.78	2.7	5.56	2.35
Cash From Operations, 3 Yr. CAGR %	-2.38	5.63	44.46	-14.72	7.25
Capital Expenditures, 3 Yr. CAGR %	-34.92	-20.35	2.95	32.76	11.59
Levered Free Cash Flow, 3 Yr. CAGR %	8.71	16.12	40.21	-11.25	-0.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.52	16.29	40.09	-11.87	-0.3
Dividend Per Share, 3 Yr. CAGR %	25.99	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.76	2.27	4.84	2.63	8
Gross Profit, 5 Yr. CAGR %	-2.79	-4.65	-0.12	-0.34	2.38
EBITDA, 5 Yr. CAGR %	2.09	-20.15	61.8	0.81	38.69
EBITA, 5 Yr. CAGR %	8.48	-11.61	35.1	-6.03	68.13
EBIT, 5 Yr. CAGR %	8.48	-11.61	35.1	-6.03	68.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.79	-9.95	138.41	0.7	23.6
Net Income, 5 Yr. CAGR %	-6.8	2.5	107.21	14.35	23.72
Normalized Net Income, 5 Yr. CAGR %	-29.72	-25.32	76.92	37.93	29.73
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.51	2.3	107.13	14.29	28.89
Accounts Receivable, 5 Yr. CAGR %	-4.75	3.53	11.19	7	10.15
Inventory, 5 Yr. CAGR %	-10.6	-9.8	6.61	-8.38	13.78
Net Property, Plant and Equip., 5 Yr. CAGR %	2.58	-0.75	-4.06	-10.24	-9.61
Total Assets, 5 Yr. CAGR %	-4.27	2.13	5.09	3.59	7.55
Tangible Book Value, 5 Yr. CAGR %	-4.73	-0.22	0.88	1.66	2.78
Common Equity, 5 Yr. CAGR %	-4.73	-0.22	0.88	1.66	2.78
Cash From Operations, 5 Yr. CAGR %	-3.21	24.78	22.32	-16.49	17.85
Capital Expenditures, 5 Yr. CAGR %	-27.41	-17.71	-7.46	-21.42	19.42
Levered Free Cash Flow, 5 Yr. CAGR %	1.77	4.02	20.33	-8.86	16.63
Unlevered Free Cash Flow, 5 Yr. CAGR %	1.73	3.99	20.3	-9.21	16.81
Dividend Per Share, 5 Yr. CAGR %	0	0	14.87	0	0