Addentax Group Corp. (ATXG) Cash Flow Statement
Where ATXG’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- −$603,603 −174.0% vs FY2025
- Capital expenditures
- $180,897 3.4% of revenue
- Free cash flow
- −$784,500 −14.6% margin
- Returned to shareholders
- —
- Change in cash
- −$2.5M cash at year-end $585,023
Cash from operations
−$603,603
Capital expenditures
−$180,897
Acquisitions & other
−$115,955
Net borrowing (repayment)
+$22,536
Other financing
+$1.1M
Currency & other
−$2.7M
Change in cash
−$2.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ATXG operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
ATXG cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$43,696FY2017 | −$603,603FY2026 | — | |
| Capital expenditures | $97,077FY2017 | $180,897FY2026 | +7.2%/yr | |
| Free cash flow | −$43,696FY2017 | −$784,500FY2026 | — | |
| Free cash flow margin | −0.8%FY2017 | −14.6%FY2026 | −13.8 pts | |
| Operating cash flow / net income | 13.99FY2022 | −1.19FY2023 | −15.17 | |
| Stock-based compensation | $0FY2025 | $70,000FY2026 | — | |
| Dividends paid | $0FY2017 | $0FY2019 | — | |
| Share buybacks (net) | $0FY2017 | $0FY2021 | — | |
| Capex / revenue | 1.8%FY2017 | 3.4%FY2026 | +1.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ATXG cash flow by activity
OperatingInvestingFinancingChange in cash
ATXG net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
ATXG cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$4.5M | −$5.1M | −$3.1M | $1.3M | $77,998 | −$3.6M | −$1.5M | −$694,329 | −$709,396 | −$27,123 |
| Depreciation & amortization | $557,860 | $1.7M | $328,947 | $344,896 | $157,604 | $101,014 | $114,391 | $115,673 | $111,740 | $34,905 |
| Stock-based compensation | $70,000 | $0 | — | — | — | — | — | — | — | — |
| Change in working capital | −$259,388 | $791,552 | −$361,339 | −$1.5M | $855,270 | −$780,622 | −$371,932 | $1.8M | $2.0M | −$5,719 |
| Other non-cash items | $3.5M | $3.4M | $2.7M | −$1.7M | $0 | $46,769 | $562,308 | $10,324 | $454,658 | −$45,759 |
| Cash from operating activities | −$603,603 | $816,000 | −$411,473 | −$1.6M | $1.1M | −$4.2M | −$1.2M | $1.2M | $1.9M | −$43,696 |
| Investing activities | ||||||||||
| Capital expenditures | −$180,897 | −$197,592 | −$135,431 | −$1 | −$198,122 | −$405,851 | −$136,000 | −$229,240 | −$97,077 | −$97,077 |
| Investments (net) | — | −$205,811 | $90,731 | −$21.2M | −$198,122 | −$563,052 | −$136,001 | −$229,240 | −$3.1M | $0 |
| Acquisitions & other investing | −$115,955 | $197,592 | $135,431 | $1 | $198,122 | $405,851 | $136,001 | $229,240 | $97,077 | $324,788 |
| Cash from investing activities | −$296,852 | −$205,811 | $90,731 | −$21.2M | −$198,122 | −$563,052 | −$136,000 | −$229,240 | −$3.1M | $227,711 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Share repurchases & issuance (net) | — | — | — | — | — | $6.7M | — | $0 | $0 | $322 |
| Net borrowing (repayment) | $22,536 | −$500,009 | −$1.4M | $13.9M | −$1.4M | −$635,344 | $1.6M | −$948,526 | $1.3M | −$612,354 |
| Shares issued | $0 | $646,800 | $0 | $22.7M | $3.0M | $6.7M | $0 | $0 | $0 | $0 |
| Other financing | $1.1M | −$1.2M | $1.9M | −$14.8M | −$3.0M | −$6.7M | $0 | $0 | $0 | $655,728 |
| Cash from financing activities | $1.2M | −$1.1M | $521,704 | $21.8M | −$1.4M | $6.1M | $1.6M | −$948,526 | $1.3M | $43,696 |
| Summary | ||||||||||
| Net change in cash | −$2.5M | −$491,233 | $253,475 | −$827,933 | −$454,433 | $1.3M | $254,417 | $12,458 | $87,901 | $227,711 |
| Cash at end of period | $585,023 | $324,953 | $816,186 | $562,711 | $1.4M | $1.8M | $531,681 | $277,264 | $264,806 | $176,905 |
| Free cash flow | −$784,500 | $618,409 | −$546,904 | −$1.6M | $892,750 | −$4.6M | −$1.3M | $963,921 | $1.8M | −$43,696 |
| Free cash flow margin | −14.6% | 14.8% | −10.6% | −19.8% | 7.0% | −18.7% | −12.7% | 9.6% | 13.3% | −0.8% |
| Capex / revenue | 3.4% | 4.7% | 2.6% | 0.0% | 1.6% | 1.6% | 1.3% | 2.3% | 0.7% | 1.8% |
| Operating cash flow / net income | — | — | — | −1.19 | 13.99 | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $2.4M | $4.0M | −$3.5M | −$102,837 | −$392,438 | −$2.1M | −$1.1M | −$721,532 | −$1.2M | $864,565 | −$2.6M | $1.4M |
| Depreciation & amortization | $35,272 | $500,295 | $49,250 | $43,150 | $408,503 | $412,566 | $892,858 | $26,942 | $431,299 | −$335,699 | $518,540 | $23,019 |
| Stock-based compensation | $451,245 | −$140,000 | $70,000 | $70,000 | $0 | — | −$330,000 | — | — | — | — | — |
| Change in working capital | $113,829 | $1.0M | −$85,726 | −$1.1M | −$103,883 | $228,558 | $439,928 | $247,047 | −$123,981 | $1.5M | −$109,775 | −$228,870 |
| Other non-cash items | −$3.0M | −$4.9M | $3.3M | $434,695 | −$218,257 | $1.4M | $356,316 | $1.2M | $720,608 | −$944,928 | $2.3M | −$1.6M |
| Cash from operating activities | −$24,366 | $478,770 | −$114,855 | −$661,443 | −$306,075 | $13,622 | $273,381 | $722,183 | −$193,185 | $1.1M | $57,684 | −$468,608 |
| Investing activities | ||||||||||||
| Capital expenditures | −$760 | −$31,634 | −$32,817 | −$38,590 | −$77,856 | −$52,072 | −$38,088 | −$80,068 | −$27,364 | −$132 | −$130,025 | −$5,272 |
| Investments (net) | — | — | — | −$192,554 | −$79,455 | −$52,072 | −$38,088 | −$88,287 | −$27,364 | −$132 | $96,137 | −$5,274 |
| Acquisitions & other investing | −$431,361 | $15,862 | $23,746 | $38,590 | $77,856 | $52,072 | $38,088 | $80,068 | $27,364 | — | $130,025 | $5,272 |
| Cash from investing activities | −$432,121 | −$15,772 | −$9,071 | −$192,554 | −$79,455 | −$52,072 | −$38,088 | −$88,287 | −$27,364 | — | $96,137 | −$5,274 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | $208,372 | $294,670 | $119,501 | −$479,298 | $87,663 | −$6,080 | −$383,576 | −$180,815 | — | — | — | — |
| Shares issued | $0 | $0 | $2.7M | $0 | $0 | $0 | $0 | $0 | $646,800 | $0 | $0 | $0 |
| Other financing | $437,310 | −$422,752 | −$2.9M | $1.3M | $466,159 | −$109,720 | −$187,199 | −$541,212 | −$340,339 | −$810,766 | −$1.4M | $1.7M |
| Cash from financing activities | $645,682 | −$128,082 | −$82,057 | $810,572 | $553,822 | −$115,800 | −$570,775 | −$722,027 | $306,461 | −$810,766 | −$1.4M | $1.7M |
| Summary | ||||||||||||
| Net change in cash | $188,382 | $335,801 | −$207,260 | −$44,990 | $165,763 | −$155,129 | −$330,463 | −$93,626 | $87,985 | $299,431 | −$1.2M | −$1.2M |
| Cash at end of period | $762,649 | $585,023 | $249,222 | $445,726 | $490,716 | $324,953 | $480,082 | $810,545 | $3.7M | $816,186 | $498,254 | $5.0M |
| Free cash flow | −$25,126 | $447,136 | −$147,672 | −$700,033 | −$383,931 | −$38,450 | $235,293 | $642,115 | −$220,549 | $1.1M | −$72,341 | −$473,880 |
| Free cash flow margin | −0.7% | 16.3% | −15.1% | −85.3% | −39.1% | −4.1% | 22.2% | 47.9% | −25.9% | 85.6% | −4.9% | −35.5% |
| Capex / revenue | 0.0% | 1.2% | 3.4% | 4.7% | 7.9% | 5.6% | 3.6% | 6.0% | 3.2% | 0.0% | 8.9% | 0.4% |
| Operating cash flow / net income | −0.01 | 0.12 | — | — | — | — | — | — | — | 1.28 | — | −0.34 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
ATXG cash generation
In fiscal 2026 (ended March 31, 2026), Addentax generated -$0.6 million of cash from operations (down 174.0%) and spent $0.2 million on capital expenditures, leaving free cash flow of -$0.8 million, −14.6% of revenue. Cash and equivalents fell by $2.5 million over the year.
Related: ATXG income statement, ATXG balance sheet. See the ATXG stock overview for the latest quote and news.
ATXG cash flow FAQ
What is Addentax's free cash flow?
Addentax's free cash flow was -$0.8 million in fiscal 2026: -$0.6 million of operating cash flow minus $0.2 million of capital expenditures It was $0.6 million a year earlier..
How much cash does Addentax generate from operations?
Addentax generated -$0.6 million of cash from operating activities in fiscal 2026.
How much does Addentax spend on capital expenditures?
Addentax spent $0.2 million on capital expenditures in fiscal 2026, 3.4% of revenue, compared with $0.2 million the year before.