Income Statement IFBH Limited

Equities

6603

SGXZ26193953

Non-Alcoholic Beverages

Market Closed - Hong Kong S.E. Other stock markets 04:08:03 2026-05-20 am EDT			5-day change	1st Jan Change
9.550 ^HKD	-4.60%		-5.45%	-39.17%

Apr. 29	Ifbh Limited Approves Final Tax Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2025	CI
Mar. 23	GF Securities Starts IFBH at Accumulate with HK$15.58 Price Target	MT

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Published financial data: IFBH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023	2024	2025
Revenues	80.72M	158M	176M
Total Revenues	80.72M	158M	176M
Cost of Goods Sold, Total	52.71M	99.79M	118M
Gross Profit	28.01M	57.86M	58M
Selling General & Admin Expenses, Total	8.82M	17.69M	31.85M
Other Operating Expenses, Total	8.82M	17.69M	31.85M
Operating Income	19.18M	40.17M	26.16M
Interest Expense, Total	-6.46K	-15K	-18K
Interest And Investment Income	923	1.1M	3.38M
Net Interest Expenses	-5.54K	1.08M	3.36M
Currency Exchange Gains (Loss)	-627K	-1.38M	-1.76M
Other Non Operating Income (Expenses)	84K	211K	769K
EBT, Excl. Unusual Items	18.64M	40.08M	28.53M
Other Unusual Items	-	-	10K
EBT, Incl. Unusual Items	18.64M	40.08M	28.54M
Income Tax Expense	3.17M	6.76M	5.77M
Earnings From Continuing Operations	15.47M	33.32M	22.77M
Net Income to Company	15.47M	33.32M	22.77M
Net Income - (IS)	15.47M	33.32M	22.77M
Net Income to Common Incl Extra Items	15.47M	33.32M	22.77M
Net Income to Common Excl. Extra Items	15.47M	33.32M	22.77M
Per Share Items
Net EPS - Basic	0.08	0.15	0.09
Basic EPS - Continuing Operations	0.08	0.15	0.09
Basic Weighted Average Shares Outstanding	200M	219M	246M
Net EPS - Diluted	0.08	0.15	0.09
Diluted EPS - Continuing Operations	0.08	0.15	0.09
Diluted Weighted Average Shares Outstanding	200M	219M	246M
Normalized Basic EPS	0.06	0.11	0.07
Normalized Diluted EPS	0.06	0.11	0.07
Dividend Per Share	0.08	0.14	0.03
Payout Ratio	47.75	34.52	184.47
Supplemental Items
EBITDA	20.24M	41.38M	27.43M
EBITA	20.22M	41.29M	27.28M
EBIT	19.18M	40.17M	26.16M
EBITDAR	21.94M	41.39M	27.44M
Effective Tax Rate - (Ratio)	17.01	16.87	20.22
Total Current Taxes	3.01M	6.68M	5.45M
Total Deferred Taxes	159K	86K	317K
Normalized Net Income	11.65M	25.05M	17.83M
Interest on Long-Term Debt	7K	15K	18K
Non-Cash Pension Expense	0	3K	5K
Supplemental Operating Expense Items
Advertising Expense	2.31M	5.56M	9.16M
Marketing Expenses	1.36M	1.79M	3.86M
Selling and Marketing Expenses	6.33M	12.74M	21.89M
General and Administrative Expenses	2.49M	4.95M	9.96M
Net Rental Expense, Total	16K	10K	5K
Imputed Operating Lease Interest Expense	-	5.42K	818
Imputed Operating Lease Depreciation	-	4.58K	4.18K

Fiscal Period: December	2023	2024	2025
Assets
Cash And Equivalents	15.6M	54.82M	164M
Total Cash And Short Term Investments	15.6M	54.82M	164M
Accounts Receivable, Total	2.99M	7.04M	19.24M
Other Receivables	524K	441K	1.81M
Notes Receivable	-	-	361K
Total Receivables	3.51M	7.49M	21.4M
Inventory	447K	1.04M	-
Prepaid Expenses	368K	938K	2.04M
Other Current Assets, Total	22K	6K	39K
Total Current Assets	19.95M	64.29M	187M
Gross Property Plant And Equipment	464K	928K	2.73M
Accumulated Depreciation	-18K	-106K	-304K
Net Property Plant And Equipment	446K	822K	2.42M
Other Intangibles, Total	10.12M	8.99M	7.87M
Loans Receivable Long-Term	-	-	2.42M
Other Long-Term Assets, Total	-	30K	62K
Total Assets	30.51M	74.14M	200M
Liabilities
Accounts Payable, Total	7.62M	15.67M	16.16M
Accrued Expenses, Total	1.84M	2.67M	4.4M
Current Portion of Leases	19K	84K	210K
Current Income Taxes Payable	3.26M	6.7M	5.48M
Unearned Revenue Current, Total	85K	135K	296K
Other Current Liabilities	4.06M	132K	696K
Total Current Liabilities	16.88M	25.4M	27.24M
Long-Term Leases	105K	235K	1.23M
Pension & Other Post Retirement Benefits	97K	170K	274K
Deferred Tax Liability Non Current	171K	246K	544K
Other Non Current Liabilities	3.75M	-	-
Total Liabilities	21M	26.05M	29.29M
Common Stock, Total	737K	18.13M	160M
Retained Earnings	8.75M	30.57M	11.34M
Comprehensive Income and Other	-1K	-630K	-661K
Total Common Equity	9.49M	48.07M	171M
Minority Interest	16K	16K	16K
Total Equity	9.51M	48.09M	171M
Total Liabilities And Equity	30.51M	74.14M	200M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	200M	225M	267M
ECS Total Common Shares Outstanding	200M	225M	267M
Book Value / Share	0.05	0.21	0.64
Tangible Book Value	-626K	39.08M	163M
Tangible Book Value Per Share	-0	0.17	0.61
Total Debt	124K	319K	1.44M
Net Debt	-15.48M	-54.5M	-162M
Debt Equivalent of Unfunded Proj. Benefit Obligation	97K	170K	274K
Debt Equivalent Oper. Leases	-	80K	40K
Minority Interest, Total (Incl. Fin. Div)	16K	16K	16K
Account Code - Inventory Valuation	-	3	3
Inventories - Finished Goods, Total	447K	1.04M	-
Machinery, Total	345K	535K	849K
Full Time Employees	-	46	69
Accumulated Allowance for Doubtful Accounts (Supple)	-	62K	62K

Fiscal Period: December	2023	2024	2025
Net Income	15.47M	33.32M	22.77M
Depreciation & Amortization - CF	29.54K	166K	271K
Amortization of Goodwill and Intangible Assets - (CF)	1.04M	1.12M	1.12M
Depreciation & Amortization, Total	1.07M	1.29M	1.4M
Asset Writedown & Restructuring Costs	-	-	43K
Provision and Write-off of Bad Debts	-	62K	-
Other Operating Activities, Total	3.44M	3.6M	268K
Change In Accounts Receivable	-3.26M	-3.2M	-13.62M
Change In Inventories	-408K	-590K	1.04M
Change In Accounts Payable	8.12M	6.98M	1.04M
Change in Unearned Revenues	78.46K	50K	161K
Change in Other Net Operating Assets	371K	247K	-763K
Cash from Operations	24.87M	41.75M	12.33M
Capital Expenditure	-311K	-187K	-465K
Sale (Purchase) of Intangible assets	-3.46M	-7.49M	-
Other Investing Activities, Total	-	-	-2.78M
Cash from Investing	-3.77M	-7.68M	-3.25M
Long-Term Debt Repaid, Total	-10K	-162K	-89K
Total Debt Repaid	-9.23K	-162K	-89K
Issuance of Common Stock	680K	17.5M	148M
Common Dividends Paid	-7.38M	-11.5M	-42M
Common & Preferred Stock Dividends Paid	-7.38M	-11.5M	-42M
Other Financing Activities, Total	8.31K	-715K	-6.62M
Cash from Financing	-6.71M	5.12M	98.9M
Foreign Exchange Rate Adjustments	923	23K	44K
Net Change in Cash	14.4M	39.22M	108M
Supplemental Items
Cash Interest Paid	6.46K	15K	18K
Cash Income Tax Paid (Refund)	-	3.24M	6.93M
Levered Free Cash Flow	-	22.03M	4.97M
Unlevered Free Cash Flow	-	22.04M	4.98M
Change In Net Working Capital	-	-3.32M	12.29M
Net Debt Issued / Repaid	-9.23K	-162K	-89K

Fiscal Period: December	2023	2024	2025
Profitability
Return on Assets	-	47.98	11.92
Return on Total Capital	-	86.51	14.82
Return On Equity %	-	115.69	20.8
Return on Common Equity	-	115.75	20.8
Margin Analysis
Gross Profit Margin %	34.7	36.7	32.88
SG&A Margin	10.93	11.22	18.05
EBITDA Margin %	25.07	26.25	15.55
EBITA Margin %	25.05	26.19	15.47
EBIT Margin %	23.77	25.48	14.83
Income From Continuing Operations Margin %	19.16	21.13	12.91
Net Income Margin %	19.16	21.13	12.91
Net Avail. For Common Margin %	19.16	21.13	12.91
Normalized Net Income Margin	14.43	15.89	10.11
Levered Free Cash Flow Margin	-	13.97	2.82
Unlevered Free Cash Flow Margin	-	13.98	2.83
Asset Turnover
Asset Turnover	-	3.01	1.29
Fixed Assets Turnover	-	248.66	108.75
Receivables Turnover (Average Receivables)	-	31.42	13.42
Inventory Turnover (Average Inventory)	-	133.86	-
Short Term Liquidity
Current Ratio	1.18	2.53	6.88
Quick Ratio	1.13	2.45	6.79
Operating Cash Flow to Current Liabilities	1.47	1.64	0.45
Days Sales Outstanding (Average Receivables)	-	11.65	27.19
Days Outstanding Inventory (Average Inventory)	-	2.73	-
Average Days Payable Outstanding	-	42.46	-
Cash Conversion Cycle (Average Days)	-	-28.08	-
Long Term Solvency
Total Debt/Equity	1.3	0.66	0.84
Total Debt / Total Capital	1.29	0.66	0.84
LT Debt/Equity	1.1	0.49	0.72
Long-Term Debt / Total Capital	1.09	0.49	0.71
Total Liabilities / Total Assets	68.84	35.13	14.64
EBIT / Interest Expense	2.97K	2.68K	1.45K
EBITDA / Interest Expense	3.13K	2.76K	1.53K
(EBITDA - Capex) / Interest Expense	3.09K	2.75K	1.5K
Total Debt / EBITDA	0.01	0.01	0.05
Net Debt / EBITDA	-0.76	-1.31	-5.89
Total Debt / (EBITDA - Capex)	0.01	0.01	0.05
Net Debt / (EBITDA - Capex)	-0.78	-1.32	-6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	95.31	11.89
Gross Profit, 1 Yr. Growth %	-	106.6	0.25
EBITDA, 1 Yr. Growth %	-	104.46	-33.71
EBITA, 1 Yr. Growth %	-	104.2	-33.93
EBIT, 1 Yr. Growth %	-	109.39	-34.88
Earnings From Cont. Operations, 1 Yr. Growth %	-	115.43	-31.66
Net Income, 1 Yr. Growth %	-	115.43	-31.66
Normalized Net Income, 1 Yr. Growth %	-	115.07	-28.82
Diluted EPS Before Extra, 1 Yr. Growth %	-	96.91	-39.25
Accounts Receivable, 1 Yr. Growth %	-	135.7	173.03
Inventory, 1 Yr. Growth %	-	133.56	-
Net Property, Plant and Equip., 1 Yr. Growth %	-	84.3	194.65
Total Assets, 1 Yr. Growth %	-	142.98	169.94
Tangible Book Value, 1 Yr. Growth %	-	-6.34K	316.95
Common Equity, 1 Yr. Growth %	-	406.56	255.33
Cash From Operations, 1 Yr. Growth %	-	67.86	-70.46
Capital Expenditures, 1 Yr. Growth %	-	-39.89	148.66
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-77.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-77.38
Dividend Per Share, 1 Yr. Growth %	-	83.18	-81.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	47.83
Gross Profit, 2 Yr. CAGR %	-	-	43.92
EBITDA, 2 Yr. CAGR %	-	-	16.42
EBITA, 2 Yr. CAGR %	-	-	16.15
EBIT, 2 Yr. CAGR %	-	-	16.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	21.33
Net Income, 2 Yr. CAGR %	-	-	21.33
Normalized Net Income, 2 Yr. CAGR %	-	-	23.73
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	9.38
Accounts Receivable, 2 Yr. CAGR %	-	-	153.68
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	133.03
Total Assets, 2 Yr. CAGR %	-	-	156.11
Tangible Book Value, 2 Yr. CAGR %	-	-	1.51K
Common Equity, 2 Yr. CAGR %	-	-	324.26
Cash From Operations, 2 Yr. CAGR %	-	-	-29.59
Capital Expenditures, 2 Yr. CAGR %	-	-	22.26
Dividend Per Share, 2 Yr. CAGR %	-	-	-41.57