Income Statement ITMAX System

Equities

5309

MYL5309OO009

Business Support Services

Market Closed - BURSA MALAYSIA Other stock markets 04:50:23 2026-03-13 am EDT			5-day change	1st Jan Change
4.480 ^MYR	-0.22%		-3.86%	-6.08%

Feb. 26	Itmax System posts qtrly profit attributable 24.7 million rgt	RE
Feb. 26	ITMAX System Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI

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Published financial data: ITMAX SYSTEM

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	47.54M	79.76M	107M	150M	220M
Total Revenues	47.54M	79.76M	107M	150M	220M
Cost of Goods Sold, Total	22.38M	26.4M	29.25M	44.88M	85.28M
Gross Profit	25.16M	53.36M	78.03M	105M	135M
Selling General & Admin Expenses, Total	7.43M	9.24M	19.7M	25.64M	34.11M
Depreciation & Amortization - (IS)	1.1M	1.26M	-	-	-
Other Operating Expenses	-375K	1.12M	-587K	-195K	-3.29M
Other Operating Expenses, Total	8.15M	11.62M	19.11M	25.44M	30.82M
Operating Income	17.01M	41.74M	58.92M	79.36M	104M
Interest Expense, Total	-203K	-1.06M	-2.86M	-211K	-218K
Interest And Investment Income	264K	205K	258K	7.32M	6.09M
Net Interest Expenses	61K	-858K	-2.61M	7.11M	5.87M
Currency Exchange Gains (Loss)	552K	56K	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-4.12M	-2.79M
EBT, Excl. Unusual Items	17.62M	40.94M	56.32M	82.35M	107M
EBT, Incl. Unusual Items	17.62M	40.94M	56.32M	82.35M	107M
Income Tax Expense	4.95M	11.7M	15.73M	19.15M	26.7M
Earnings From Continuing Operations	12.67M	29.24M	40.59M	63.2M	80.51M
Net Income to Company	12.67M	29.24M	40.59M	63.2M	80.51M
Minority Interest	-	-	-	83K	-113K
Net Income - (IS)	12.67M	29.24M	40.59M	63.28M	80.39M
Net Income to Common Incl Extra Items	12.67M	29.24M	40.59M	63.28M	80.39M
Net Income to Common Excl. Extra Items	12.67M	29.24M	40.59M	63.28M	80.39M
Per Share Items
Net EPS - Basic	3.25	7.31	0.23	0.06	0.08
Basic EPS - Continuing Operations	3.25	7.31	0.23	0.06	0.08
Basic Weighted Average Shares Outstanding	3.89M	4M	176M	1.03B	1.03B
Net EPS - Diluted	3.25	7.31	0.2	0.06	0.08
Diluted EPS - Continuing Operations	3.25	7.31	0.2	0.06	0.08
Diluted Weighted Average Shares Outstanding	3.89M	4M	201M	1.05B	1.06B
Normalized Basic EPS	2.83	6.4	0.2	0.05	0.06
Normalized Diluted EPS	2.83	6.4	0.17	0.05	0.06
Dividend Per Share	-	0.02	0.01	0.01	0.02
Payout Ratio	-	20.52	19.71	13	33.29
Supplemental Items
EBITDA	17.95M	46.24M	67.92M	91.82M	119M
EBITA	17.04M	41.76M	58.94M	79.37M	104M
EBIT	17.01M	41.74M	58.92M	79.36M	104M
EBITDAR	-	-	67.94M	91.86M	119M
Effective Tax Rate - (Ratio)	28.1	28.58	27.93	23.26	24.9
Current Domestic Taxes	4.32M	9.47M	10.24M	18.59M	24.43M
Total Current Taxes	4.32M	9.47M	10.24M	18.59M	24.43M
Deferred Domestic Taxes	633K	2.23M	5.48M	558K	2.27M
Total Deferred Taxes	633K	2.23M	5.48M	558K	2.27M
Normalized Net Income	11.01M	25.58M	35.2M	51.55M	66.89M
Interest Capitalized	1.03M	1.72M	1.52M	-	-
Interest on Long-Term Debt	154K	965K	2.75M	4.33M	286K
Supplemental Operating Expense Items
General and Administrative Expenses	2.29M	1.99M	19.7M	25.64M	34.11M
Research And Development Expense From Footnotes	508K	712K	848K	1.25M	2.07M
Net Rental Expense, Total	-	-	19K	37K	48K
Imputed Operating Lease Interest Expense	-	-	8.52K	897	1.58K
Imputed Operating Lease Depreciation	-	-	10.48K	36.1K	46.42K
Stock-Based Comp., Other (Total)	-	-	692K	2.35M	1.82M
Total Stock-Based Compensation	-	-	692K	2.35M	1.82M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	12.32M	23.14M	207M	212M	155M
Short Term Investments	676K	2.09M	2.18M	3.15M	20.49M
Total Cash And Short Term Investments	13M	25.24M	209M	216M	175M
Accounts Receivable, Total	14.5M	17.86M	28.42M	48.1M	91.16M
Other Receivables	5.19M	77K	476K	167K	2.9M
Notes Receivable	3.04M	2.34M	-	-	-
Total Receivables	22.74M	20.28M	28.9M	48.26M	94.06M
Inventory	11.39M	10.6M	8.42M	17.81M	19.69M
Prepaid Expenses	4.81M	368K	244K	1.46M	11.34M
Other Current Assets, Total	4.9M	7.23M	11.35M	12.4M	15.75M
Total Current Assets	56.83M	63.71M	258M	296M	316M
Gross Property Plant And Equipment	53.77M	105M	146M	166M	217M
Accumulated Depreciation	-2.2M	-6.6M	-15.58M	-28.02M	-42.48M
Net Property Plant And Equipment	51.57M	98.25M	130M	138M	175M
Other Intangibles, Total	48K	43K	26K	15K	9K
Accounts Receivable Long-Term	-	192K	134K	77K	19K
Deferred Tax Assets Long-Term	-	-	-	329K	11K
Deferred Charges Long-Term	979K	928K	3.82M	4.41M	14.58M
Total Assets	109M	163M	392M	438M	506M
Liabilities
Accounts Payable, Total	35.19M	24.33M	11.36M	18.14M	41.57M
Accrued Expenses, Total	342K	1.19M	2.17M	1.5M	1.54M
Short-term Borrowings	-	7.52M	-	-	-
Current Portion of Long-Term Debt	5.3M	12M	18.57M	19.3M	20.57M
Current Portion of Leases	978K	1.06M	1.62M	1.36M	1.53M
Current Income Taxes Payable	-	1.97M	3.76M	2.77M	2.42M
Unearned Revenue Current, Total	13K	19K	22K	22K	22K
Other Current Liabilities	1.85M	590K	2.22M	1.36M	2.26M
Total Current Liabilities	43.67M	48.68M	39.72M	44.45M	69.9M
Long-Term Debt	31.4M	54.67M	55.84M	36.95M	19.58M
Long-Term Leases	3.05M	2.98M	2.16M	3.35M	3.63M
Deferred Tax Liability Non Current	634K	2.86M	8.35M	9.24M	11.18M
Total Liabilities	78.74M	109M	106M	93.99M	104M
Common Stock, Total	4M	4M	259M	260M	261M
Retained Earnings	26.68M	49.92M	82.51M	138M	191M
Comprehensive Income and Other	-	-	-55.67M	-53.32M	-51.51M
Total Common Equity	30.68M	53.92M	286M	344M	401M
Minority Interest	-	-	-	178K	291K
Total Equity	30.68M	53.92M	286M	344M	401M
Total Liabilities And Equity	109M	163M	392M	438M	506M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.89M	603M	1.03B	1.03B	1.03B
ECS Total Common Shares Outstanding	3.89M	603M	1.03B	1.03B	1.03B
Book Value / Share	7.88	0.09	0.28	0.33	0.39
Tangible Book Value	30.64M	53.88M	286M	344M	401M
Tangible Book Value Per Share	7.87	0.09	0.28	0.33	0.39
Total Debt	40.72M	78.24M	78.2M	60.95M	45.31M
Net Debt	27.72M	53M	-131M	-155M	-130M
Debt Equivalent Oper. Leases	-	-	152K	296K	384K
Minority Interest, Total (Incl. Fin. Div)	-	-	-	178K	291K
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	10.99M	10.41M	7.81M	10.64M	17.52M
Inventories - Work In Process, Total	433K	249K	725K	5.7M	1.36M
Inventories - Finished Goods, Total	112K	87K	32K	1.62M	959K
Land - (BS)	-	-	-	4.31M	4.31M
Machinery, Total	17.45M	78.2M	142M	148M	171M
Full Time Employees	-	-	152	172	-
Accumulated Allowance for Doubtful Accounts (Supple)	592K	633K	979K	1.36M	1.4M
Order Backlog	-	-	573M	822M	1.42B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	12.67M	29.24M	40.59M	63.28M	80.39M
Depreciation & Amortization - CF	1.58M	5.32M	9.82M	13.42M	15.87M
Amortization of Goodwill and Intangible Assets - (CF)	31K	23K	18K	15K	6K
Depreciation & Amortization, Total	1.61M	5.34M	9.83M	13.43M	15.88M
Amortization of Deferred Charges, Total - (CF)	508K	712K	848K	2M	2.07M
(Gain) Loss From Sale Of Asset	-	-10K	-	-	-90K
Asset Writedown & Restructuring Costs	-	-	-	6K	-
Stock-Based Compensation (CF)	-	-	692K	2.35M	1.82M
Other Operating Activities, Total	-1.35M	7.76M	14.12M	1.35M	1.88M
Change In Accounts Receivable	11.38M	-1.7M	-8.63M	-20.63M	-62.89M
Change In Inventories	-8.19M	790K	2.18M	-9.4M	-1.88M
Change In Accounts Payable	255K	-11.26M	-18.21M	5.18M	24.45M
Change in Unearned Revenues	13K	6K	3K	-	-
Change in Other Net Operating Assets	-6.17M	7.41M	-137K	-1.53M	-13.3M
Cash from Operations	10.74M	38.28M	41.3M	56.04M	48.33M
Capital Expenditure	-29.04M	-49.18M	-39.01M	-18.77M	-51.35M
Sale of Property, Plant, and Equipment	2K	10K	-	-	90K
Cash Acquisitions	-	-	-	-87K	-
Sale (Purchase) of Intangible assets	-206K	-679K	-3.74M	-1.85M	-11.58M
Other Investing Activities, Total	-1.55M	-5.3M	3.91M	2.25M	2.35M
Cash from Investing	-30.79M	-55.14M	-38.84M	-18.45M	-60.49M
Short Term Debt Issued, Total	-	7.42M	2.18M	-	-
Long-Term Debt Issued, Total	23.2M	37.99M	21.42M	-	3.24M
Total Debt Issued	23.2M	45.41M	23.59M	-	3.24M
Short Term Debt Repaid, Total	-	-	-10.04M	-	-
Long-Term Debt Repaid, Total	-1.2M	-10.67M	-16.13M	-19.52M	-20.84M
Total Debt Repaid	-1.2M	-10.67M	-26.16M	-19.52M	-20.84M
Issuance of Common Stock	250K	-	204M	986K	1.91M
Common Dividends Paid	-	-6M	-8M	-8.22M	-26.77M
Common & Preferred Stock Dividends Paid	-	-6M	-8M	-8.22M	-26.77M
Other Financing Activities, Total	-203K	-1.06M	-12.06M	-5.21M	-3.01M
Cash from Financing	22.05M	27.68M	181M	-31.97M	-45.47M
Net Change in Cash	2M	10.82M	184M	5.62M	-57.63M
Supplemental Items
Cash Interest Paid	203K	1.06M	2.86M	4.33M	3.01M
Cash Income Tax Paid (Refund)	6.06M	6.07M	8.46M	19.58M	25.01M
Levered Free Cash Flow	-23.08M	-22.32M	-15.33M	19.87M	-15.11M
Unlevered Free Cash Flow	-22.96M	-21.65M	-13.54M	20M	-14.97M
Change In Net Working Capital	6.46M	3.94M	19M	26.77M	36.89M
Net Debt Issued / Repaid	22M	34.75M	-2.57M	-19.52M	-17.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.78	19.14	13.27	11.95	13.79
Return on Total Capital	20.36	25.63	14.84	12.9	15.28
Return On Equity %	52.3	69.12	23.89	20.07	21.6
Return on Common Equity	52.3	69.12	23.89	20.1	21.58
Margin Analysis
Gross Profit Margin %	52.93	66.9	72.74	70.01	61.28
SG&A Margin	15.62	11.58	18.36	17.13	15.49
EBITDA Margin %	37.76	57.97	63.31	61.34	54.01
EBITA Margin %	35.84	52.36	54.94	53.03	47.29
EBIT Margin %	35.78	52.33	54.92	53.02	47.28
Income From Continuing Operations Margin %	26.65	36.66	37.83	42.22	36.56
Net Income Margin %	26.65	36.66	37.83	42.28	36.5
Net Avail. For Common Margin %	26.65	36.66	37.83	42.28	36.5
Normalized Net Income Margin	23.17	32.08	32.81	34.44	30.37
Levered Free Cash Flow Margin	-48.56	-27.98	-14.29	13.27	-6.86
Unlevered Free Cash Flow Margin	-48.29	-27.15	-12.62	13.36	-6.8
Asset Turnover
Asset Turnover	0.53	0.59	0.39	0.36	0.47
Fixed Assets Turnover	1.32	1.06	0.94	1.12	1.41
Receivables Turnover (Average Receivables)	2.74	4.93	4.64	3.91	3.16
Inventory Turnover (Average Inventory)	3.07	2.4	3.08	3.42	4.55
Short Term Liquidity
Current Ratio	1.3	1.31	6.49	6.65	4.52
Quick Ratio	0.75	0.89	5.99	5.94	3.85
Operating Cash Flow to Current Liabilities	0.25	0.79	1.04	1.26	0.69
Days Sales Outstanding (Average Receivables)	133.78	74.03	78.72	93.3	115.71
Days Outstanding Inventory (Average Inventory)	119.28	151.97	118.63	106.64	80.46
Average Days Payable Outstanding	399.17	424.14	240.64	99.21	125.37
Cash Conversion Cycle (Average Days)	-146.12	-198.13	-43.28	100.72	70.8
Long Term Solvency
Total Debt/Equity	132.71	145.11	27.36	17.72	11.29
Total Debt / Total Capital	57.03	59.2	21.48	15.05	10.14
LT Debt/Equity	112.26	106.93	20.3	11.71	5.78
Long-Term Debt / Total Capital	48.24	43.63	15.94	9.95	5.19
Total Liabilities / Total Assets	71.96	66.94	27.07	21.46	20.62
EBIT / Interest Expense	83.78	39.26	20.57	376.1	477.67
EBITDA / Interest Expense	91.73	44.29	24.01	439.76	550.51
(EBITDA - Capex) / Interest Expense	-51.33	-1.97	10.39	350.8	314.98
Total Debt / EBITDA	2.19	1.66	1.14	0.66	0.38
Net Debt / EBITDA	1.49	1.13	-1.9	-1.67	-1.08
Total Debt / (EBITDA - Capex)	-3.91	-37.28	2.63	0.82	0.66
Net Debt / (EBITDA - Capex)	-2.66	-25.25	-4.4	-2.09	-1.89
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.75	67.78	34.51	39.52	47.13
Gross Profit, 1 Yr. Growth %	268.16	112.08	46.24	34.3	28.77
EBITDA, 1 Yr. Growth %	654.52	157.59	46.74	35.19	29.54
EBITA, 1 Yr. Growth %	697.71	145.09	40.98	34.66	31.2
EBIT, 1 Yr. Growth %	705.3	145.4	41.02	34.68	31.22
Earnings From Cont. Operations, 1 Yr. Growth %	706.94	130.78	38.82	55.7	27.39
Net Income, 1 Yr. Growth %	706.94	130.78	38.82	55.91	27.05
Normalized Net Income, 1 Yr. Growth %	706.08	132.31	37.61	46.46	29.76
Diluted EPS Before Extra, 1 Yr. Growth %	212.08	124.66	-97.24	-70.17	26.29
Accounts Receivable, 1 Yr. Growth %	-28.4	23.14	59.18	69.23	89.53
Inventory, 1 Yr. Growth %	255.95	-6.94	-20.58	111.63	10.53
Net Property, Plant and Equip., 1 Yr. Growth %	152.21	90.51	32.29	5.86	27.16
Total Assets, 1 Yr. Growth %	54.14	49.06	140.26	11.76	15.47
Tangible Book Value, 1 Yr. Growth %	73.18	75.87	430.46	20.3	16.68
Common Equity, 1 Yr. Growth %	72.73	75.73	430.09	20.29	16.68
Cash From Operations, 1 Yr. Growth %	148.2	256.56	7.79	35.71	-13.68
Capital Expenditures, 1 Yr. Growth %	1.64K	69.33	-20.67	-51.89	173.54
Levered Free Cash Flow, 1 Yr. Growth %	-	-3.33	-31.2	-274.15	-176.05
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-5.69	-37.36	-307.93	-174.87
Dividend Per Share, 1 Yr. Growth %	-	-	-65.52	50	66.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	46.4	50.22	36.99	43.28
Gross Profit, 2 Yr. CAGR %	-	179.43	76.11	40.14	31.51
EBITDA, 2 Yr. CAGR %	-	340.86	94.52	40.85	32.33
EBITA, 2 Yr. CAGR %	-	342.17	85.99	37.79	32.92
EBIT, 2 Yr. CAGR %	-	344.55	86.13	37.81	32.94
Earnings From Cont. Operations, 2 Yr. CAGR %	-	331.54	78.99	47.02	40.84
Net Income, 2 Yr. CAGR %	-	331.54	78.99	47.12	40.74
Normalized Net Income, 2 Yr. CAGR %	-	332.74	78.77	41.96	37.86
Diluted EPS Before Extra, 2 Yr. CAGR %	-	164.79	-75.11	-90.93	-38.63
Accounts Receivable, 2 Yr. CAGR %	-	-6.1	40	64.13	79.09
Inventory, 2 Yr. CAGR %	-	82.01	-14.03	29.64	52.95
Net Property, Plant and Equip., 2 Yr. CAGR %	-	119.2	58.75	18.34	16.03
Total Assets, 2 Yr. CAGR %	-	51.58	89.24	63.86	13.6
Tangible Book Value, 2 Yr. CAGR %	-	74.52	205.44	152.61	18.48
Common Equity, 2 Yr. CAGR %	-	74.22	205.21	152.52	18.47
Cash From Operations, 2 Yr. CAGR %	-	197.49	96.12	20.95	8.18
Capital Expenditures, 2 Yr. CAGR %	-	442.66	15.9	-38.22	14.72
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-18.5	-5.59	15.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-23.19	-3.83	24.77
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-28.08	58.11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	42.32	46.57	40.29
Gross Profit, 3 Yr. CAGR %	-	-	125.18	60.9	36.25
EBITDA, 3 Yr. CAGR %	-	-	205.63	72.3	36.97
EBITA, 3 Yr. CAGR %	-	-	202.18	67.01	35.56
EBIT, 3 Yr. CAGR %	-	-	203.29	67.1	35.58
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	195.68	70.86	40.16
Net Income, 3 Yr. CAGR %	-	-	195.68	70.94	40.1
Normalized Net Income, 3 Yr. CAGR %	-	-	195.35	67.28	37.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-42.18	-73.57	-78.18
Accounts Receivable, 3 Yr. CAGR %	-	-	11.96	49.14	72.19
Inventory, 3 Yr. CAGR %	-	-	38.05	16.08	22.93
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	85.24	38.69	21.21
Total Assets, 3 Yr. CAGR %	-	-	76.73	58.77	45.82
Tangible Book Value, 3 Yr. CAGR %	-	-	152.8	123.89	95.27
Common Equity, 3 Yr. CAGR %	-	-	152.46	123.78	95.22
Cash From Operations, 3 Yr. CAGR %	-	-	112.13	73.47	8.05
Capital Expenditures, 3 Yr. CAGR %	-	-	185.87	-13.54	1.45
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-4.88	-12.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-4.5	-11.53
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-4.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	42.71
Gross Profit, 5 Yr. CAGR %	-	-	-	-	81.59
EBITDA, 5 Yr. CAGR %	-	-	-	-	118.67
EBITA, 5 Yr. CAGR %	-	-	-	-	117.57
EBIT, 5 Yr. CAGR %	-	-	-	-	118.06
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	119.78
Net Income, 5 Yr. CAGR %	-	-	-	-	119.72
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	117.75
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-40.78
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	35.1
Inventory, 5 Yr. CAGR %	-	-	-	-	43.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	53.62
Total Assets, 5 Yr. CAGR %	-	-	-	-	48.1
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	86.69
Common Equity, 5 Yr. CAGR %	-	-	-	-	86.53
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	62.04
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	98.41