Kandal M Venture Limited (FMFC) Cash Flow Statement
Where FMFC’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- −$1.9M −188.3% vs FY2025
- Capital expenditures
- $36,167 0.2% of revenue
- Free cash flow
- −$1.9M −11.2% margin
- Returned to shareholders
- —
- Change in cash
- $3.5M cash at year-end $3.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
FMFC operating cash flow, capex and free cash flow
FMFC cash flow trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.2MFY2023 | −$1.9MFY2026 | — | |
| Capital expenditures | $9,981FY2023 | $36,167FY2026 | +53.6%/yr | |
| Free cash flow | $2.2MFY2023 | −$1.9MFY2026 | — | |
| Free cash flow margin | 16.1%FY2023 | −11.2%FY2026 | −27.3 pts | |
| Operating cash flow / net income | 2.54FY2023 | −4.38FY2026 | −6.92 | |
| Dividends paid | $0FY2023 | $0FY2026 | — | |
| Capex / revenue | 0.1%FY2023 | 0.2%FY2026 | +0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FMFC cash flow by activity
FMFC net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FMFC cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | $430,405 | $228,954 | $1.3M | $855,308 |
| Depreciation & amortization | $268,570 | $262,867 | $267,601 | $310,166 |
| Change in working capital | −$2.2M | $1.4M | $1.4M | $1.0M |
| Other non-cash items | −$388,494 | $195,866 | $210,536 | −$16,760 |
| Cash from operating activities | −$1.9M | $2.1M | $3.1M | $2.2M |
| Investing activities | ||||
| Capital expenditures | −$36,167 | −$16,710 | −$22,972 | −$9,981 |
| Investments (net) | −$2.5M | −$581,839 | −$253,614 | −$9,981 |
| Acquisitions & other investing | −$96,717 | $16,710 | $22,972 | $9,981 |
| Cash from investing activities | −$2.6M | −$581,839 | −$253,614 | −$9,981 |
| Financing activities | ||||
| Dividends paid | $0 | $0 | $0 | $0 |
| Net borrowing (repayment) | −$854,565 | −$2.1M | $2.5M | −$3.3M |
| Shares issued | $8.0M | $0 | $0 | $0 |
| Other financing | $838,335 | $404,189 | −$5.5M | $1.4M |
| Cash from financing activities | $8.0M | −$1.7M | −$3.0M | −$1.9M |
| Summary | ||||
| Net change in cash | $3.5M | −$132,651 | −$126,123 | $244,780 |
| Cash at end of period | $3.6M | $102,697 | $235,348 | $361,471 |
| Free cash flow | −$1.9M | $2.1M | $3.1M | $2.2M |
| Free cash flow margin | −11.2% | 12.3% | 22.3% | 16.1% |
| Capex / revenue | 0.2% | 0.1% | 0.2% | 0.1% |
| Operating cash flow / net income | −4.38 | 9.32 | 2.42 | 2.54 |
| Jun '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | $66,770 | $33,385 | $168,855 | $84,428 | −$220,974 | $325,811 | $325,811 | $177,188 | $177,188 |
| Depreciation & amortization | $137,361 | $68,680 | $131,209 | $65,605 | $65,558 | $65,876 | $65,876 | $75,246 | $75,246 |
| Change in working capital | $146,270 | −$412,166 | −$2.3M | −$255,600 | −$64,507 | −$191,285 | −$191,285 | −$159,673 | −$159,673 |
| Other non-cash items | $40,345 | $427,179 | −$155,908 | −$953,915 | $321,352 | $1.4M | $765,452 | $775,846 | $479,364 |
| Cash from operating activities | $390,746 | $117,078 | −$2.2M | −$1.1M | $101,429 | $1.6M | $965,854 | $868,607 | $572,125 |
| Investing activities | |||||||||
| Capital expenditures | −$2.5M | −$11,180 | −$13,808 | −$6,904 | −$482 | −$7,873 | −$7,873 | −$10,381 | −$10,381 |
| Acquisitions & other investing | $3.8M | $760,614 | −$4.1M | −$2.1M | −$272,346 | −$28,311 | −$10,219 | −$96,152 | −$42,885 |
| Cash from investing activities | $1.3M | $749,434 | −$4.2M | −$2.1M | −$272,828 | −$36,184 | −$18,092 | −$106,533 | −$53,266 |
| Financing activities | |||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $222,705 | $93,469 | $7.9M | $3.9M | $205,928 | −$1.8M | −$1.0M | −$578,235 | −$426,939 |
| Cash from financing activities | $222,705 | $93,469 | $7.9M | $3.9M | $205,928 | −$1.8M | −$1.0M | −$578,235 | −$426,939 |
| Summary | |||||||||
| Net change in cash | $1.9M | — | $1.6M | $69,060 | — | −$201,711 | — | $235,348 | −$51,509 |
| Cash at end of period | $3.6M | $1.7M | $1.7M | $102,697 | $33,637 | $33,637 | $235,348 | $235,348 | — |
| Free cash flow | −$2.1M | $105,898 | −$2.2M | −$1.1M | $100,947 | $957,981 | $957,981 | $561,744 | $561,744 |
| Free cash flow margin | −23.1% | 2.3% | −28.0% | — | 2.6% | 20.1% | 20.1% | 18.8% | 18.8% |
| Capex / revenue | 27.3% | 0.2% | 0.2% | — | 0.0% | 0.2% | 0.2% | 0.3% | 0.3% |
| Operating cash flow / net income | 5.85 | 3.51 | −13.01 | −12.55 | — | 4.92 | 2.96 | 4.90 | 3.23 |
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.
FMFC cash generation
In fiscal 2026 (ended March 31, 2026), Kandal M Venture generated -$1.9 million of cash from operations (down 188.3%) and spent $0.0 million on capital expenditures, leaving free cash flow of -$1.9 million, −11.2% of revenue. Cash and equivalents rose by $3.5 million over the year.
Related: FMFC income statement, FMFC balance sheet. See the FMFC stock overview for the latest quote and news.
FMFC cash flow FAQ
What is Kandal M Venture's free cash flow?
Kandal M Venture's free cash flow was -$1.9 million in fiscal 2026: -$1.9 million of operating cash flow minus $0.0 million of capital expenditures It was $2.1 million a year earlier..
How much cash does Kandal M Venture generate from operations?
Kandal M Venture generated -$1.9 million of cash from operating activities in fiscal 2026, −4.38 times its net income of $0.4 million.
How much does Kandal M Venture spend on capital expenditures?
Kandal M Venture spent $0.0 million on capital expenditures in fiscal 2026, 0.2% of revenue, compared with $0.0 million the year before.