Total Revenue
$48.3M
+12.4% vs LY
Gross Profit
$19.7M
40.8% margin
EBITDA
$8.2M
17.0% margin
Net Income
$4.1M
-2.1% vs LY
Quarterly Income — FY 2025
Revenue
Gross Profit
Net Income
P&L Summary
| Revenue | ||
| Total Revenue | $48.3M | |
| Product Sales | 70.6% | $34.1M |
| Services | 29.4% | $14.2M |
| Profitability | ||
| Gross Profit | 40.8% | $19.7M |
| Operating Expenses | ($11.5M) | |
| EBIT | 17.0% | $8.2M |
| Interest & Taxes | ($4.1M) | |
| Net Income | 8.5% | $4.1M |
Revenue by Segment
APAC 34%
EMEA 28%
Americas 22%
MEA 16%
Expense Breakdown
% of Revenue
Operating CF
$6.8M
Strong generation
Investing CF
($3.2M)
Capex expansion
Financing CF
($1.4M)
Debt repayment
Net Cash Flow
$2.2M
Positive
Cash Flow Waterfall — FY 2025 ($M)
Monthly Operating Cash Flow
CF Component Breakdown
Operating activities
Net Income+$4.1M
D&A Add-back+$1.6M
Working Capital Δ+$1.1M
Investing activities
Capital Expenditure($3.2M)
Financing activities
Debt Repayment($1.4M)
Net Cash Flow+$2.2M
Total AR
$12.4M
+8% vs prior period
Current (0–30d)
$7.1M
57.3% of AR
Overdue >60d
$2.8M
22.6% — Action needed
DSO
52 days
+4d vs 48d target
Receivables Ageing Buckets
0–30d
31–60d
61–90d
>90d
Top Customer Exposures
| Customer | Total AR | Overdue | Status |
|---|---|---|---|
| Gulf Holdings | $2.1M | — | Current |
| Al Futtaim Group | $1.8M | $420K | 31–60d |
| Emaar Properties | $1.4M | $650K | 61–90d |
| DEWA | $980K | — | Current |
| Dubai Airports | $860K | $860K | >90d |
| Majid Al Futtaim | $720K | $240K | 31–60d |
| RTA Dubai | $510K | $510K | >90d |
Ageing Trend — Last 6 Months ($M)
Total AP
$8.7M
Within payment terms
Current (0–30d)
$5.5M
63.2% of AP
Overdue >60d
$1.1M
12.6% — Monitor
DPO
41 days
Healthy range
Payables Ageing Buckets
0–30d
31–60d
61–90d
>90d
Top Vendor Exposures
| Vendor | Total AP | Overdue | Status |
|---|---|---|---|
| Siemens ME | $1.4M | — | Current |
| Schneider Electric | $980K | $180K | 31–60d |
| ABB Ltd | $860K | — | Current |
| Oracle Corp | $640K | $640K | 61–90d |
| ENOC Supply | $530K | — | Current |
| SAP SE | $420K | $420K | >90d |
| Honeywell ME | $310K | — | Current |
Current Ratio
2.3x
Target ≥ 2.0x ✓
Quick Ratio
1.4x
Target ≥ 1.0x ✓
Debt-to-Equity
0.58x
Conservative leverage
ROCE
14.2%
+2.1pp vs LY
Liquidity Trend — Quarterly
Current Ratio
Quick Ratio
Financial Health Scorecard
Gross Margin
40.8%
Benchmark: 38%
Net Margin
8.5%
Benchmark: 7%
EBITDA Margin
17.0%
Benchmark: 15%
Asset Turnover
1.8x
Benchmark: 2.0x
Inventory Days
38d
Target: ≤35d
Interest Cover
5.9x
Safe: ≥3x
Working Capital Cycle