VNTG Vantage Corp (Singapore)

Overview and Growth

In fiscal 2026, Vantage Corp (Singapore) recorded $17.84M of revenue, net loss of $1.32M, and an operating cash outflow of $4.45M. At $17.84M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 4.4% from $18.66M in fiscal 2025; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$0.04, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.14 in fiscal 2025, the current result was 128.6% lower. The company employed $22.81M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.78x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $7.41M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 41.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $834.12K operating loss before non-operating and tax effects. An operating margin of -4.7% reflected costs exceeding revenue-level gross profit by 4.7% of sales. After all below-operating-line items, the company recorded a net loss of $1.32M for the fiscal year. Net margin was -7.4%, reflecting a loss equal to 7.4% of reported revenue. Before income taxes, the company recorded a loss of $1.16M, bridging the operating result to the final net loss. The pretax loss equaled 6.5% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $155.71K, the amount recognized between pretax income and the final net-income result. The net loss equaled 13.2% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 5.8%, placing the bottom-line deficit against the company’s resource base. The company moved from fiscal 2025 net income of $3.84M to a current net loss of $1.32M.

Liquidity and Capital Structure

The company held $22.81M of assets against $12.86M of liabilities and $9.94M of equity, revealing how the asset base was financed. The near-term balance sheet paired $15.67M of current assets with $10.61M of current liabilities at the reporting date. At 1.48x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $8.86M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 83.5%, excluding receivables and other current assets. Equity equaled 43.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 56.4%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 38.9% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $11.16M in fiscal 2025, the current asset base moved 104.3% and finished higher. The reported cash balance changed 49.0% from $5.95M in fiscal 2025, ending higher year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $4.45M, rather than cash generation from operations. Capital expenditures used $213.44K in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Operating cash flow and capital spending combined to leave a $4.66M cash deficit after capital spending. The free-cash-flow deficit equaled 26.1% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 20.4% of the period-end asset base.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Nov 4, 2026.