NASDAQ : WFF
WF Holding Limited — Financial statements
Industrials · Specialty Industrial Machinery · Malaysia
Last price 1.5 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.68M
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Financial statements
WF Holding Limited (WFF) reported revenue of 6.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.94M | 7.40M | 4.57M | 5.73M | 4.97M | 5.80M |
| Cost of Revenue | 5.19M | 5.04M | 2.73M | 3.75M | 2.83M | 4.66M |
| Gross Profit | 1.76M | 2.36M | 1.85M | 1.98M | 2.14M | 1.14M |
| Selling, General & Admin | 3.20M | 2.92M | 1.11M | 1.25M | 831.68K | 1.06M |
| Operating Expenses | 3.96M | 3.68M | 1.73M | 1.32M | 887.85K | 1.24M |
| Operating Income | -2.20M | -1.32M | 115.85K | 655.47K | 1.25M | -106.02K |
| Interest Expense | -14.58K | -16.73K | -20.96K | -22.31K | -22.26K | -25.96K |
| Earnings From Equity Investments | -6.91K | -7.64K | ||||
| Other Non Operating Income (Expenses) | -81.78M | 156.92K | 24.13K | 62.46K | 54.47K | 69.85K |
| EBT Excluding Unusual Items | -84.00M | -1.19M | 119.02K | 695.61K | 1.29M | -62.12K |
| Impairment of Goodwill | -196.17K | -196.17K | ||||
| Gain (Loss) on Sale of Investments | -3.28M | -3.28M | ||||
| Gain (Loss) on Sale of Assets | 26.16K | |||||
| Pretax Income | -87.48M | -4.66M | 119.02K | 695.61K | 1.29M | -35.97K |
| Income Tax Expense | 59.88K | 85.21K | 7.41K | 204.21K | 306.54K | -8.95K |
| Earnings From Continuing Operations | -87.54M | -4.75M | 111.60K | 491.40K | 978.82K | -27.02K |
| Minority Interest in Earnings | -19.58K | -19.58K | ||||
| Net Income | -87.56M | -4.77M | 111.60K | 491.40K | 978.82K | -27.02K |
| Net Income to Common | -87.56M | -4.77M | 111.60K | 491.40K | 978.82K | -27.02K |
| Shares Outstanding (Basic) | 45.36M | 4.93M | 4.59M | 4.59M | 4.59M | 5.10M |
| Shares Outstanding (Diluted) | 45.36M | 4.93M | 4.59M | 4.59M | 4.59M | 5.10M |
| EPS (Basic) | -1.93 | -0.97 | 0.02 | 0.11 | 0.21 | -0.01 |
| EPS (Diluted) | -1.93 | -0.97 | 0.02 | 0.11 | 0.21 | -0.01 |
| Free Cash Flow | -9.61M | -5.72M | 701.94K | 582.71K | -292.44K | 59.23K |
| Free Cash Flow Per Share | -0.21 | -1.16 | 0.15 | 0.13 | -0.06 | 0.01 |
| Gross Margin | 25.32% | 31.90% | 40.36% | 34.54% | 43.10% | 19.62% |
| Operating Margin | -31.75% | -17.85% | 2.53% | 11.43% | 25.22% | -1.83% |
| Profit Margin | -1,260.96% | -64.42% | 2.44% | 8.57% | 19.70% | -0.47% |
| Free Cash Flow Margin | -138.34% | -77.24% | 15.35% | 10.16% | -5.89% | 1.02% |
| EBITDA | -2.01M | -1.15M | 269.14K | 780.96K | 1.36M | -1.11K |
| EBITDA Margin | -28.97% | -15.58% | 5.89% | 13.62% | 27.34% | -0.02% |
| D&A For EBITDA | 192.62K | 167.93K | 153.29K | 125.49K | 105.04K | 104.91K |
| EBIT | -2.20M | -1.32M | 115.85K | 655.47K | 1.25M | -106.02K |
| EBIT Margin | -31.75% | -17.85% | 2.53% | 11.43% | 25.22% | -1.83% |
| Effective Tax Rate | 6.23% | 29.36% | 23.85% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.36M | 2.30M | 1.06M | 777.12K | 689.79K | 1.14M |
| Short-Term Investments | 136.65K | 82.77K | 166.29K | 41.51K | 12.37K | 24.67K |
| Cash & Short-Term Investments | 1.50M | 2.38M | 1.22M | 818.63K | 702.16K | 1.16M |
| Accounts Receivable | 1.65M | 1.55M | 1.76M | 2.16M | 1.54M | 1.33M |
| Other Receivables | 2.40K | 4.24K | 37.64K | 21.50K | 21.05K | 30.29K |
| Receivables | 1.65M | 1.56M | 1.80M | 2.18M | 1.56M | 1.36M |
| Inventory | 431.17K | 558.17K | 846.21K | 444.76K | 976.32K | 479.82K |
| Prepaid Expenses | 5.11M | 638.75K | 119.29K | 27.53K | 7.63K | 26.11K |
| Restricted Cash | 133.90K | 126.17K | 131.00K | 135.44K | ||
| Other Current Assets | 695.39K | 338.97K | ||||
| Total Current Assets | 8.69M | 5.14M | 4.82M | 3.93M | 3.38M | 3.16M |
| Property, Plant & Equipment | 1.29M | 1.32M | 1.03M | 1.13M | 1.11M | 1.07M |
| Long-Term Investments | 4.55M | 4.55M | ||||
| Other Intangible Assets | 333.69K | 339.86K | 315.71K | 314.51K | 335.51K | 361.43K |
| Long-Term Deferred Tax Assets | 37.78K | 46.12K | 50.72K | |||
| Total Assets | 14.90M | 11.39M | 6.22M | 5.38M | 4.82M | 4.60M |
| Accounts Payable | 623.86K | 891.41K | 434.98K | 834.19K | 766.12K | 958.98K |
| Accrued Expenses | 174.45K | 518.10K | 377.01K | 108.55K | 93.46K | 174.33K |
| Current Portion of Long-Term Debt | 15.83K | 28.91K | 60.41K | 59.15K | 107.01K | 108.93K |
| Current Portion of Leases | 115.77K | 95.70K | 90.33K | 88.44K | 9.20K | 10.43K |
| Current Income Taxes Payable | 171.91K | |||||
| Current Unearned Revenue | 770.26K | 449.58K | 1.52M | 833.34K | 703.72K | 1.06M |
| Other Current Liabilities | 41.33K | 66.06K | 696.93K | 469.68K | 320.54K | 480.68K |
| Total Current Liabilities | 1.74M | 2.05M | 3.18M | 2.39M | 2.17M | 2.79M |
| Long-Term Debt | 149.57K | 159.78K | 171.54K | 223.51K | 448.29K | 322.06K |
| Long-Term Leases | 83.40K | 107.08K | 106.44K | 182.32K | 2.36K | 200.95K |
| Long-Term Unearned Revenue | 49.45K | 46.70K | 16.59K | 12.54K | 15.45K | 10.58K |
| Long-Term Deferred Tax Liabilities | 7.82K | 24.52K | 26.02K | |||
| Other Long-Term Liabilities | 4.24M | 4.28M | ||||
| Total Liabilities | 6.27M | 6.64M | 3.47M | 2.82M | 2.66M | 3.35M |
| Common Stock | 11.34K | 1.26K | 1.15K | 1.15K | 1.27K | 1.27K |
| Additional Paid-In Capital | 93.53M | 6.55M | 84.75K | 84.75K | 84.62K | 84.62K |
| Retained Earnings | -85.14M | -2.03M | 2.74M | 2.63M | 2.14M | 1.16M |
| Comprehensive Income & Other | 228.58K | 232.06K | -81.19K | -156.46K | -62.37K | 3.23K |
| Total Common Equity | 8.63M | 4.75M | 2.74M | 2.56M | 2.16M | 1.25M |
| Minority Interest | -206.00 | -206.00 | ||||
| Shareholders' Equity | 8.63M | 4.75M | 2.74M | 2.56M | 2.16M | 1.25M |
| Total Liabilities & Equity | 14.90M | 11.39M | 6.22M | 5.38M | 4.82M | 4.60M |
| Total Debt | 364.57K | 391.47K | 428.73K | 553.41K | 566.86K | 642.37K |
| Net Cash (Debt) | 1.13M | 1.99M | 794.29K | 265.22K | 135.30K | 522.50K |
| Net Cash Per Share | 0.02 | 0.40 | 0.17 | 0.06 | 0.03 | 0.10 |
| Filing Date Shares Outstanding | 45.36M | 5.04M | 4.99M | 5.10M | 5.10M | 5.10M |
| Total Common Shares Outstanding | 45.36M | 5.04M | 4.59M | 5.10M | 5.10M | 5.10M |
| Working Capital | 6.94M | 3.09M | 1.64M | 1.54M | 1.21M | 372.76K |
| Book Value Per Share | 0.19 | 0.94 | 0.60 | 0.50 | 0.42 | 0.24 |
| Tangible Book Value | 8.29M | 4.41M | 2.43M | 2.24M | 1.82M | 885.67K |
| Tangible Book Value Per Share | 0.18 | 0.88 | 0.53 | 0.44 | 0.36 | 0.17 |
| Buildings | 851.00K | 852.00K | 773.18K | 752.83K | 784.54K | 826.86K |
| Machinery | 1.58M | 1.55M | 1.15M | 1.09M | 1.02M | 914.14K |
| Leasehold Improvements | 51.95K | 52.28K | 47.45K | 41.41K | 36.82K | 38.81K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -87.56M | -4.77M | 111.60K | 491.40K | 978.82K | -27.02K |
| Depreciation & Amortization | 230.73K | 206.05K | 200.24K | 139.53K | 105.04K | 104.91K |
| Other Amortization | 7.87K | |||||
| Loss (Gain) From Sale of Assets | -176.00 | -4.86K | -8.89K | -26.16K | ||
| Asset Writedown & Restructuring Costs | 213.07K | 196.18K | 708.00 | 1.35K | 1.49K | 451.00 |
| Loss (Gain) From Sale of Investments | 3.08M | 3.08M | ||||
| Loss (Gain) on Equity Investments | 7.64K | 7.64K | ||||
| Provision & Write-off of Bad Debts | 26.69K | 123.12K | 242.82K | 119.66K | 5.14K | 183.70K |
| Other Operating Activities | 82.11M | 119.52K | -58.54K | -16.70K | 8.21K | -14.90K |
| Change in Accounts Receivable | 90.13K | 72.44K | 170.97K | -743.07K | -283.54K | -408.83K |
| Change in Inventory | -9.46K | 207.57K | -401.44K | 531.56K | -521.30K | 112.00 |
| Change in Accounts Payable | 133.40K | 436.02K | -274.91K | -8.65K | -138.00K | 352.34K |
| Change in Unearned Revenue | -538.28K | -1.04M | 687.41K | 126.72K | -294.04K | -63.36K |
| Change in Income Taxes | 68.79K | -33.74K | -86.47K | -196.47K | 189.10K | -102.28K |
| Change in Other Net Operating Assets | -4.30M | -1.04M | 161.06K | 210.48K | -208.66K | 147.94K |
| Operating Cash Flow | -6.44M | -2.44M | 753.46K | 655.80K | -166.63K | 154.78K |
| Capital Expenditures | -3.17M | -3.28M | -51.52K | -73.09K | -125.81K | -95.55K |
| Sale of Property, Plant & Equipment | 176.00 | 4.86K | 8.89K | 34.99K | ||
| Cash Acquisitions | 2.86M | -144.50K | ||||
| Investment in Securities | -350.00K | -350.00K | ||||
| Investing Cash Flow | -661.72K | -3.77M | -51.52K | -73.09K | -116.92K | -60.56K |
| Long-Term Debt Repaid | -131.05K | -109.22K | -103.83K | -106.20K | -247.15K | |
| Net Debt Issued (Repaid) | -119.45K | -131.05K | -109.22K | -103.83K | -106.20K | -247.15K |
| Issuance of Common Stock | 5.00M | 8.96M | ||||
| Other Financing Activities | 285.31K | -1.80M | -356.42K | -338.97K | ||
| Financing Cash Flow | 5.17M | 7.03M | -465.64K | -442.79K | -106.20K | -247.15K |
| Foreign Exchange Rate Adjustments | 144.78K | 291.21K | 51.03K | -57.40K | -65.11K | -54.71K |
| Net Cash Flow | -1.79M | 1.11M | 287.33K | 82.52K | -454.86K | -207.65K |
| Free Cash Flow | -9.61M | -5.72M | 701.94K | 582.71K | -292.44K | 59.23K |
| Free Cash Flow Margin | -138.34% | -77.24% | 15.35% | 10.16% | -5.89% | 1.02% |
| Free Cash Flow Per Share | -0.21 | -1.16 | 0.15 | 0.13 | -0.06 | 0.01 |
| Levered Free Cash Flow | -12.67M | -4.17M | 510.59K | 214.64K | -545.66K | |
| Unlevered Free Cash Flow | -12.66M | -4.16M | 523.69K | 228.59K | -531.75K | |
| Cash Interest Paid | 14.63K | 16.73K | 20.96K | 22.31K | 22.26K | 25.96K |
| Cash Income Tax Paid | 114.36K | 149.79K | 411.62K | 118.94K | 117.49K | |
| Change in Working Capital | -4.55M | -1.40M | 256.63K | -79.44K | -1.26M | -74.08K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.91M | 11.59M | ||||
| Enterprise Value | 5.78M | 8.83M | ||||
| Last Close Price | 1.35 | 2.30 | ||||
| PS Ratio | 0.99 | 1.56 | ||||
| PB Ratio | 0.28 | 2.44 | ||||
| P/TBV Ratio | 0.83 | 2.63 | ||||
| EV/Sales Ratio | 0.83 | 1.19 | ||||
| Debt / Equity Ratio | 0.04 | 0.08 | 0.16 | 0.22 | 0.26 | 0.52 |
| Debt / EBITDA Ratio | 1.22 | 0.68 | 0.40 | 11.57 | ||
| Debt / FCF Ratio | 0.61 | 0.95 | 10.85 | |||
| Net Debt / Equity Ratio | -0.13 | -0.42 | -0.29 | -0.10 | -0.06 | -0.42 |
| Net Debt / EBITDA Ratio | 0.56 | 1.73 | -2.95 | -0.34 | -0.10 | 470.72 |
| Net Debt / FCF Ratio | 0.12 | 0.35 | -1.13 | -0.46 | 0.46 | -8.82 |
| Asset Turnover | 0.45 | 0.84 | 0.79 | 1.12 | 1.05 | |
| Inventory Turnover | 11.11 | 7.18 | 4.22 | 5.28 | 3.88 | |
| Quick Ratio | 1.81 | 1.92 | 0.95 | 1.25 | 1.04 | 0.90 |
| Current Ratio | 4.99 | 2.51 | 1.52 | 1.64 | 1.56 | 1.13 |
| Return on Equity (ROE) | -1,005.34% | -126.76% | 4.21% | 20.83% | 57.45% | |
| Return on Assets (ROA) | -9.01% | -9.38% | 1.25% | 8.03% | 16.63% | |
| Return on Invested Capital (ROIC) | -29.41% | -56.14% | 5.12% | 21.45% | 69.41% | -14.63% |
| Return on Capital Employed (ROCE) | -16.80% | -14.20% | 3.80% | 22.00% | 47.30% | -5.90% |
| Earnings Yield | -3,574.55% | -41.16% | ||||
| FCF Yield | -139.05% | -49.35% | ||||
| Buyback Yield / Dilution | -842.26% | -7.34% | 0.00% | 10.00% |