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PMA Financials Ming Shing Group Holdings Ltd

5 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 0.4% per year over the past 4 years.
  • Operating margin has contracted, at -37.4% in the latest year.
  • Free cash flow has grown 68.0% per year over the past 4 years.

Financial health

  • Total debt ($9M) exceeds cash ($2M); net debt is $8M.
  • Total debt has grown in line with revenue (1.2% vs 0.4% per year).
  • Operating income covered interest expense -15.8× in the latest year, down from 28× 4 years ago.
Revenue & net income
-$6M $14M $34M $0 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-39% -10% 18% 0% 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-582% 273% 1129% 0% 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
$0 $654964 $1M 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $6M $12M 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$8M -$420424 $7M $0 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $15M -$6M -18.4% -37.4% 120.6% -98.1% — $9M $2M
2025 $34M -$6M -3.9% -15.8% -582.4% -42.7% — $12M $249923
2024 $28M $2M 18.5% 11.8% 233.1% 19.6% $1M $11M $1M
2023 $22M $3M 16.0% 12.1% 727.9% 33.7% $779944 $9M $323958
2022 $14M $2M 18.3% 14.7% 1128.9% — — — —

Valuation over time

How the market has priced PMA against its own fundamentals since 2024-11 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 22.9 45.7 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26 Jul '26 Nov '26
P/E
Price / sales (P/S)
0.0 1.9 3.9 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26 Jul '26 Nov '26
P/S

Frequently asked questions

Is PMA growing its revenue and profit?

Over the past 4 years, Ming Shing Group Holdings Ltd's revenue has grown 0.4% per year. These are computed facts, not advice.

How much debt does PMA have?

As of FY2026, Ming Shing Group Holdings Ltd reported $9M of total debt against $2M of cash; operating income covered interest expense -15.8×.

What is PMA's profit margin?

In FY2026, gross margin was -18.4%, operating margin -37.4%, and net margin -39.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.