Ming Shing Group Holdings Limited (PMA) Income Statement
PMA FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsPMA revenue and net income
Where PMA's revenue goes
FY2026Each bar shows an amount and its share of revenue. PMA kept −39.4% of revenue as net income.
PMA profit margins
PMA growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −56.8% | −12.5% | +18.9% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PMA quarterly EPS vs estimates
Ming Shing beat the analyst EPS estimate in 0 of the last 1 quarters.
PMA income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | $14.6M | $33.9M | $27.6M | $21.9M | $14.4M | $6.2M |
| Cost of revenue | $17.3M | $35.2M | $22.5M | $18.4M | $11.8M | $5.0M |
| Gross profit | −$2.7M | −$1.3M | $5.1M | $3.5M | $2.6M | $1.1M |
| Sales, general & admin | $1.6M | $1.1M | $1.2M | $761,168 | $488,854 | $357,604 |
| Total operating expenses | $20.1M | $4.0M | $1.8M | $855,597 | $512,650 | $357,604 |
| Operating income | −$5.5M | −$5.4M | $3.2M | $2.6M | $2.1M | $762,204 |
| Interest expense | $346,696 | $508,810 | $286,090 | $179,986 | $74,574 | $86,647 |
| Income before taxes | −$5.7M | −$5.8M | $3.0M | $3.3M | $2.1M | $1.4M |
| Income taxes | — | −$80,154 | $648,936 | $468,889 | $317,096 | $90,352 |
| Net income | −$5.8M | −$5.7M | $2.3M | $2.8M | $1.8M | $1.3M |
| EBITDA | −$5.3M | −$5.2M | $3.4M | $3.5M | $2.3M | $1.5M |
| EPS (diluted) | −$0.44 | −$0.44 | $0.18 | $0.22 | — | — |
| Gross margin | −18.4% | −3.9% | 18.5% | 16.0% | 18.3% | 18.2% |
| Operating margin | −37.3% | −15.8% | 11.8% | 12.1% | 14.7% | 12.4% |
| Net margin | −39.4% | −16.9% | 8.4% | 12.7% | 12.5% | 20.7% |
| Dec '25 | Sep '25 | Jun '25 | Jun '24 | |
|---|---|---|---|---|
| Revenue | $1.1M | $1.1M | $2.1M | $1.8M |
| Cost of revenue | $1.4M | $1.4M | $2.6M | $1.4M |
| Gross profit | −$354,545 | −$354,545 | −$476,379 | $403,386 |
| Total operating expenses | $124,799 | $124,799 | $392,549 | $165,040 |
| Operating income | −$479,345 | −$479,345 | −$868,929 | $238,346 |
| Interest expense | $22,508 | $22,508 | $36,927 | $19,469 |
| Income before taxes | −$499,966 | −$499,966 | −$899,127 | $219,681 |
| Income taxes | −$38,597 | −$38,597 | −$35,682 | $51,507 |
| Net income | −$461,369 | −$461,369 | −$863,445 | $168,173 |
| EBITDA | −$469,923 | −$469,923 | −$858,738 | $245,372 |
| EPS (diluted) | — | — | −$0.54 | — |
| Gross margin | −32.9% | −32.9% | −22.5% | 22.0% |
| Operating margin | −44.4% | −44.4% | −41.1% | 13.0% |
| Net margin | −42.8% | −42.8% | −40.8% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PMA's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PMA financial results
In fiscal year 2026 (ended March 31, 2026), Ming Shing reported revenue of $14.6 million, down 56.8% from the year before. It had a net loss of $5.8 million, a net profit margin of −39.4%. Diluted earnings per share came to −$0.44. Over five years revenue grew at an average rate of 18.9% a year.
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PMA income statement FAQ
What is Ming Shing's annual revenue?
Ming Shing reported total revenue of $14.6 million for fiscal year 2026, which ended on March 31, 2026. That was down 56.8% from $33.9 million the previous year.
Is Ming Shing profitable?
No. Ming Shing reported a net loss of $5.8 million in fiscal 2026, a net profit margin of −39.4%; its operating margin was −37.3%.
What is Ming Shing's gross margin?
Ming Shing's gross margin was −18.4% in fiscal 2026: for every $100 of revenue, Ming Shing kept $-18 after the direct cost of its products and services.
How fast is Ming Shing growing?
Revenue grew 18.9% a year on average over the last five fiscal years, from $6.2 million to $14.6 million.
What are Ming Shing's earnings per share?
Ming Shing earned $-0.44 per diluted share in fiscal 2026, compared with $-0.44 a year earlier.
When does Ming Shing's fiscal year end?
Ming Shing's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026.