Ming Shing Group Holdings Ltd (NASDAQ:PMA)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $6.1M
- Net income
- -$1.6M
- Net margin
- -26.5%
Not enough balance-sheet detail to judge the debt load.
- Total debt
- $7.4M
- Cash
- $591K
Owes more within a year than it holds to pay it.
- Current assets
- $4.0M
- Current liabilities
- $5.6M
- Current ratio
- 0.72
Consumes cash and must keep raising it.
- Operating cash flow
- -$798K
- Free cash flow
- -$934K
- FCF margin
- -15.3%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 13.0M
- Share growth (1y)
- 1.8%
- Cash runway
- 9 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
PMA Income Statement
| Fiscal Period | Q3 2025 | Q1 2025 | Q3 2024 | Q1 2024 | Q3 2023 |
|---|---|---|---|---|---|
| Period Ending | Sep 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Mar 31, 2024 | Sep 30, 2023 |
| Revenue | 1.08 M | 2.11 M | 1.08 M | 1.84 M | 1.69 M |
| Revenue Growth (YoY) | -36.02 % | — | — | — | — |
| Cost of Revenue | 1.43 M | 2.59 M | 1.43 M | 1.43 M | 1.44 M |
| Gross Profit | -354.55 K | -476.38 K | -354.55 K | 403.39 K | 247.65 K |
| SG&A Expense | 124.80 K | 392.55 K | 124.80 K | 165.04 K | 71.06 K |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 124.80 K | 392.55 K | 124.80 K | 165.04 K | 71.06 K |
| Operating Income | -479.35 K | -868.93 K | -479.35 K | 238.35 K | 176.59 K |
| Pretax Income | -499.97 K | -899.13 K | -499.97 K | 219.68 K | 160.65 K |
| Tax Provision | -38.60 K | -35.68 K | -38.60 K | 51.51 K | 31.44 K |
| Net Income | -461.37 K | -863.45 K | -461.37 K | 168.17 K | 129.20 K |
| EPS (Basic) | -0.04 | -0.07 | -0.04 | 0.01 | 0.01 |
| EPS (Diluted) | -0.04 | -0.07 | -0.04 | 0.01 | 0.01 |
| Shares Outstanding | 12.97 M | 12.97 M | 12.97 M | 12.75 M | 12.75 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.