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Financial statements

Antelope Enterprise Holdings Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Antelope Enterprise Holdings Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2024FY2024
Revenue42.672.198.8
Cost of revenue38.464.698.9
Gross profit4.157.49-0.13
General and administrative3.3812.610.8
Interest expense00.141.24
Pre-tax income-0.81-1.83-10.6
Income tax0.030.010.01
Income from continuing operations-0.84-12.3-10.6
Net income to minority interests0.64-0.02-0.04
Net income-8.61-2.03-10.5

Balance sheet

FY2022FY2024FY2024
Cash and equivalents0.541.05
Property, plant and equipment0.164.14
Lease right-of-use assets1.33
Intangible assets0
Total assets17.138
Accounts payable0.83
Lease liabilities1.07
Total liabilities2.7111.8
Total debt2.195.46
Minority interests0.780.69
Total equity14.426.2
Total liabilities and equity17.138

Cash flow statement

FY2022FY2024FY2024
Net income-7.97-2.04-10.6
Cash from operations-2.3-8.52-15.5
Capital expenditures-0-0.07-4.2
Cash from investing-1.562.62-2.59
Share buybacks-0.2
Cash from financing0.346.0519
Exchange rate effect-0.24-0.22-0.4
Free cash flow-2.3-8.59-19.7
Income taxes paid0.050.020

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $9.36 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin-0.1%Gross profit / revenue.
Pre-tax margin-10.7%Pre-tax income / revenue.
Net margin-10.7%Net income / revenue.
FCF margin-19.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-15.7%Cash from operations / revenue.
Return on assets (ROA)-38.3%Net income / average total assets.
Capex / revenue4.3%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y37.0%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-101.7%Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y122.1%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Debt / assets14.4%Total debt / total assets.
Liabilities / assets31.0%Total liabilities / total assets.
Net debt$4.4MTotal debt - cash - short-term investments. Negative means more cash than debt.

Efficiency

MetricValueHow it is calculated
Asset turnover3.58xRevenue / average total assets.
Fixed asset turnover46.0xRevenue / average property, plant and equipment.
Days payables3 days365 x average accounts payable / cost of revenue.

Valuation

MetricValueHow it is calculated
Market cap$13.7MShare price x shares outstanding.
Enterprise value$18.2MMarket cap + total debt - cash - short-term investments.
P/S0.14xMarket cap / revenue.
EV/Sales0.18xEnterprise value / revenue.
FCF yield-143.2%Free cash flow / market cap.
Earnings yield-76.7%Net income / market cap (the inverse of P/E).
Shareholder yield1.5%(Dividends paid + share buybacks) / market cap.
What was Antelope Enterprise Holdings Ltd's revenue in fiscal 2024?

Antelope Enterprise Holdings Ltd reported revenue of $98.8M for fiscal 2024, 37% higher than the year before.

Was Antelope Enterprise Holdings Ltd profitable in fiscal 2024?

No. It reported a net loss of $10.5M.

How much free cash flow did Antelope Enterprise Holdings Ltd generate in fiscal 2024?

Cash from operations of $15.5M minus capital expenditures of $4.2M left free cash flow of -$19.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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