NASDAQ : HCHL
Happy City Holdings Limited — Financial statements
Consumer Discretionary · Restaurants · Hong Kong
Last price 3.96 USD (Jun 11, 2026, 4:00 PM EDT) · Market cap 118.18M
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Financial statements
Happy City Holdings Limited (HCHL) reported revenue of 4.96M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 4.96M | 6.80M | 8.30M | 6.75M |
| Cost of Revenue | 5.68M | 5.94M | 6.03M | 5.98M |
| Gross Profit | -716.38K | 856.95K | 2.26M | 769.92K |
| Selling, General & Admin | 4.52M | 3.13M | 950.88K | 1.76M |
| Operating Expenses | 4.52M | 3.13M | 950.88K | 1.76M |
| Operating Income | -5.24M | -2.27M | 1.31M | -991.82K |
| Interest Expense | -233.09K | -228.51K | -182.10K | -166.97K |
| Interest & Investment Income | 47.63K | 18.50K | 2.00K | 1.46K |
| Currency Exchange Gain (Loss) | 208.00 | 1.38K | ||
| Other Non Operating Income (Expenses) | 42.60K | 30.69K | 184.63K | 126.05K |
| EBT Excluding Unusual Items | -5.38M | -2.45M | 1.32M | -1.03M |
| Other Unusual Items | 5.51K | |||
| Pretax Income | -5.38M | -2.45M | 1.32M | -1.02M |
| Income Tax Expense | -46.40K | -24.13K | -3.92K | 61.39K |
| Net Income | -5.33M | -2.43M | 1.32M | -1.09M |
| Net Income to Common | -5.33M | -2.43M | 1.32M | -1.09M |
| Shares Outstanding (Basic) | 18.86M | 18.22M | 18.00M | 12.00M |
| Shares Outstanding (Diluted) | 18.86M | 18.22M | 18.00M | 12.00M |
| EPS (Basic) | -0.28 | -0.13 | 0.07 | -0.09 |
| EPS (Diluted) | -0.28 | -0.13 | 0.07 | -0.09 |
| Free Cash Flow | -3.70M | -2.18M | 493.27K | -685.77K |
| Free Cash Flow Per Share | -0.20 | -0.12 | 0.03 | -0.06 |
| Gross Margin | -14.44% | 12.60% | 27.27% | 11.40% |
| Operating Margin | -105.55% | -33.45% | 15.80% | -14.68% |
| Profit Margin | -107.50% | -35.73% | 15.91% | -16.07% |
| Free Cash Flow Margin | -74.67% | -32.00% | 5.95% | -10.15% |
| EBITDA | -4.59M | -1.67M | 1.89M | -580.80K |
| EBITDA Margin | -92.43% | -24.52% | 22.73% | -8.60% |
| D&A For EBITDA | 651.20K | 607.31K | 574.54K | 411.01K |
| EBIT | -5.24M | -2.27M | 1.31M | -991.82K |
| EBIT Margin | -105.55% | -33.45% | 15.80% | -14.68% |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 4.12M | 3.37M | 2.94M | 184.74K |
| Short-Term Investments | 331.47K | 316.69K | ||
| Cash & Short-Term Investments | 4.45M | 3.69M | 2.94M | 184.74K |
| Accounts Receivable | 36.61K | 31.73K | 35.40K | 27.19K |
| Other Receivables | 32.96K | 16.21K | 7.89K | 7.43K |
| Receivables | 69.57K | 47.94K | 43.29K | 34.62K |
| Inventory | 17.26K | 35.18K | 38.13K | 34.92K |
| Prepaid Expenses | 36.17K | 25.96K | 25.11K | 21.27K |
| Other Current Assets | 391.73K | 359.32K | 92.52K | |
| Total Current Assets | 4.97M | 4.15M | 3.14M | 275.55K |
| Property, Plant & Equipment | 3.34M | 3.10M | 3.08M | 2.89M |
| Long-Term Deferred Tax Assets | 295.66K | 296.27K | 232.76K | 247.20K |
| Other Long-Term Assets | 658.08K | 462.86K | 520.04K | 624.50K |
| Total Assets | 9.26M | 8.02M | 6.97M | 4.04M |
| Accounts Payable | 290.23K | 272.17K | 266.66K | 220.94K |
| Accrued Expenses | 1.04M | 672.46K | 589.38K | 1.04M |
| Short-Term Debt | 43.47K | 38.09K | 357.58K | 84.16K |
| Current Portion of Long-Term Debt | 3.07M | 3.16M | 3.48M | 542.96K |
| Current Portion of Leases | 1.03M | 831.30K | 840.68K | 865.31K |
| Current Income Taxes Payable | 18.34K | 18.38K | 503.00 | |
| Other Current Liabilities | 1.15K | 512.00 | ||
| Total Current Liabilities | 5.49M | 4.99M | 5.53M | 2.75M |
| Long-Term Debt | 1.69M | |||
| Long-Term Leases | 909.03K | 564.04K | 609.14K | 800.89K |
| Long-Term Deferred Tax Liabilities | 255.36K | 255.89K | 228.69K | 264.39K |
| Total Liabilities | 6.65M | 5.81M | 6.37M | 5.50M |
| Common Stock | 750.00K | 750.00K | 750.00K | 1.00 |
| Additional Paid-In Capital | 6.97M | 4.01M | ||
| Retained Earnings | -5.19M | -2.57M | -145.09K | -1.46M |
| Comprehensive Income & Other | 86.80K | 20.00K | -2.94K | 1.91K |
| Shareholders' Equity | 2.61M | 2.21M | 601.97K | -1.46M |
| Total Liabilities & Equity | 9.26M | 8.02M | 6.97M | 4.04M |
| Total Debt | 5.05M | 4.59M | 5.29M | 3.98M |
| Net Cash (Debt) | -599.36K | -906.41K | -2.35M | -3.80M |
| Net Cash Per Share | -0.03 | -0.05 | -0.13 | -0.32 |
| Filing Date Shares Outstanding | 29.77M | 19.21M | 18.00M | 12.00M |
| Total Common Shares Outstanding | 29.77M | 19.21M | 18.00M | 12.00M |
| Working Capital | -521.09K | -837.49K | -2.40M | -2.48M |
| Book Value Per Share | 0.09 | 0.11 | 0.03 | -0.12 |
| Tangible Book Value | 2.61M | 2.21M | 601.97K | -1.46M |
| Tangible Book Value Per Share | 0.09 | 0.11 | 0.03 | -0.12 |
| Machinery | 1.71M | 1.71M | 2.02M | 1.40M |
| Leasehold Improvements | 1.77M | 1.77M | 1.48M | 1.17M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -5.33M | -2.43M | 1.32M | -1.09M |
| Depreciation & Amortization | 1.47M | 1.46M | 1.38M | 1.21M |
| Loss (Gain) From Sale of Assets | 77.20K | 77.20K | ||
| Loss (Gain) From Sale of Investments | -27.48K | -7.09K | ||
| Change in Accounts Receivable | -8.17K | 3.66K | -8.20K | 14.88K |
| Change in Inventory | 23.98K | 2.96K | -3.21K | 10.46K |
| Change in Accounts Payable | 448.26K | 5.51K | 45.72K | 66.88K |
| Change in Income Taxes | -18.49K | -18.44K | -20.76K | 58.03K |
| Change in Other Net Operating Assets | -219.20K | -365.89K | -1.45M | -955.42K |
| Operating Cash Flow | -3.59M | -1.27M | 1.27M | -676.22K |
| Capital Expenditures | -119.63K | -908.18K | -771.74K | -9.55K |
| Investment in Securities | -306.94K | -309.60K | ||
| Investing Cash Flow | -426.57K | -1.22M | -771.74K | -9.55K |
| Short-Term Debt Issued | 5.21M | 3.23M | 5.45M | |
| Long-Term Debt Issued | 838.28K | 1.59M | 1.56M | |
| Total Debt Issued | 5.44M | 6.04M | 4.82M | 7.00M |
| Short-Term Debt Repaid | -5.53M | -2.95M | -5.91M | |
| Long-Term Debt Repaid | -1.15M | -353.82K | -698.30K | |
| Total Debt Repaid | -5.69M | -6.68M | -3.31M | -6.61M |
| Net Debt Issued (Repaid) | -252.23K | -634.86K | 1.51M | 392.09K |
| Issuance of Common Stock | 8.11M | 5.16M | 750.00K | |
| Repurchase of Common Stock | -1.62M | -1.62M | ||
| Financing Cash Flow | 6.80M | 2.90M | 2.26M | 392.09K |
| Foreign Exchange Rate Adjustments | -37.19K | 22.03K | 770.00 | -8.99K |
| Net Cash Flow | 2.75M | 433.68K | 2.75M | -302.67K |
| Free Cash Flow | -3.70M | -2.18M | 493.27K | -685.77K |
| Free Cash Flow Margin | -74.67% | -32.00% | 5.95% | -10.15% |
| Free Cash Flow Per Share | -0.20 | -0.12 | 0.03 | -0.06 |
| Levered Free Cash Flow | -1.20M | -1.17M | 802.35K | |
| Unlevered Free Cash Flow | -1.06M | -1.03M | 916.16K | |
| Cash Interest Paid | 70.59K | 107.06K | 113.58K | 58.27K |
| Cash Income Tax Paid | -5.67K | |||
| Change in Working Capital | 226.39K | -372.19K | -1.43M | -805.17K |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 118.18M | 62.44M | ||
| Enterprise Value | 119.09M | 64.79M | ||
| Last Close Price | 3.25 | |||
| PS Ratio | 23.82 | 9.18 | ||
| PB Ratio | 45.15 | 28.30 | ||
| P/TBV Ratio | 45.26 | 28.30 | ||
| EV/Sales Ratio | 24.00 | 9.53 | ||
| Debt / Equity Ratio | 1.93 | 2.08 | 8.78 | -2.72 |
| Debt / EBITDA Ratio | 2.79 | |||
| Debt / FCF Ratio | 10.71 | |||
| Net Debt / Equity Ratio | 0.23 | 0.41 | 3.90 | -2.60 |
| Net Debt / EBITDA Ratio | -0.13 | -0.54 | 1.25 | -6.54 |
| Net Debt / FCF Ratio | -0.16 | -0.42 | 4.76 | -5.54 |
| Asset Turnover | 0.61 | 0.91 | 1.51 | |
| Inventory Turnover | 194.11 | 162.12 | 165.17 | |
| Quick Ratio | 0.82 | 0.75 | 0.54 | 0.08 |
| Current Ratio | 0.91 | 0.83 | 0.57 | 0.10 |
| Return on Equity (ROE) | -304.70% | -173.01% | ||
| Return on Assets (ROA) | -40.32% | -18.96% | 14.88% | |
| Return on Capital Employed (ROCE) | -138.70% | -75.10% | 91.10% | -76.80% |
| Earnings Yield | -7.14% | -3.89% | ||
| FCF Yield | -3.13% | -3.48% | ||
| Buyback Yield / Dilution | 10.21% | -1.23% | -50.00% |