Mega Fortune Co Ltd (MGRT)
Hong Kong-based Mega Fortune Company Limited is a specialist provider of Internet of Things (IoT) solutions. Operating through its subsidiary, QBS System, the company offers an extensive range of services, encompassing IoT integration, ongoing maintenance and support, business process outsourcing, and trading solutions. Its primary aim is to assist businesses throughout the Asia-Pacific region in achieving digital transformation, launching new IoT projects, and modernizing outdated systems with cutting-edge IoT technologies.
Sector: Services-Computer Programming Services
Industry: Information Technology Services
Mega Fortune Company Limited
NASDAQ:MGRTTechnology · Electronic Gaming & Multimedia
+2.21%$120.20
AH Close$120.20+0.00%vs close
AH Close$120.20+0.00%vs close
Mkt Cap$1.65B
Float3.28M
O/S13.75M
Inst Own0.2%
SI0.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$11.09M
Net Income$1.79M
Total Assets$18.46M
Free Cash Flow-$12M
Debt & Equity
Debt 4%
Equity 96%
Total Debt$700K
Total Equity$15.57M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MGRT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$18.46M
Liabilities$2.89M
Accounts Receivable$6.24M
Accounts Payable$304K
Inventory$0
PP&E (Net)$72K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
| Revenue | $11.09M | $3.33M | $3.25M | $3.49M |
| YoY Growth | 233.3% | 2.4% | -7.0% | - |
| Cost of Revenue | $5.47M | $1.53M | $1.97M | $2.54M |
| Gross Profit | $5.62M | $1.79M | $1.27M | $956K |
| Gross Margin | 50.7% | 53.9% | 39.3% | 27.4% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.37M | $1.25M | $722K | $685K |
| Other | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.37M | $1.25M | $722K | $685K |
| Operating Income (EBIT) | $2.25M | $545K | $553K | $271K |
| Operating Margin | 20.3% | 16.4% | 17.0% | 7.8% |
| Interest Expense | $20K | $20K | $21K | $20K |
| Interest Income | $300 | $203 | $341 | $11 |
| Other Income (Expense) | $71K | $31K | $65K | $49K |
| Income Before Tax (EBT) | $2.32M | $576K | $618K | $320K |
| Income Tax Expense | $532K | $174K | $81K | $24K |
| Net Income | $1.79M | $402K | $537K | $296K |
| Net Income Margin | 16.1% | 12.1% | 16.5% | 8.5% |
| Supplementary Data | ||||
| EPS | 0.00 | 0.00 | 0.04 | 0.02 |
| Diluted EPS | 0.00 | 0.00 | 0.04 | 0.02 |
| Weighted Average OS | 13.75M | 13.75M | 13.75M | 13.75M |
| EBITDA | $2.38M | $637K | $684K | $387K |
| EBITDA Margin | 21.5% | 19.2% | 21.1% | 11.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $765K | $372K | $620K | $942K |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $765K | $372K | $620K | $942K |
| Accounts Receivable | $6.24M | $2.34M | $1.57M | $1.13M |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $379 | $18K | $33K | $222K |
| Total Current Assets | $12.28M | $2.73M | $2.22M | $2.29M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $72K | $111K | $32K | $75K |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $73K | $34K | $11K | $9K |
| Other Long-Term Assets | $6.04M | $557K | $0 | $0 |
| Total Long-Term Assets | $6.19M | $701K | $43K | $85K |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $18.46M | $3.43M | $2.27M | $2.38M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $304K | $21K | $78K | $380K |
| Short-Term Debt | $283K | $71K | $109K | $273K |
| Current Income Tax Payable | $552K | $264K | $68K | $0 |
| Current Unearned Revenue | $90K | $22K | $60K | $228K |
| Other Current Liabilities | $138K | $37K | $19K | $17K |
| Total Current Liabilities | $2.51M | $1.59M | $834K | $1.35M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $351K | $412K | $479K | $587K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $378K | $478K | $479K | $614K |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.89M | $2.07M | $1.31M | $1.96M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $14 | $10 | $10 | $10 |
| Retained Earnings | $3.14M | $1.35M | $946K | $410K |
| Comprehensive Income & Other | $123K | $10K | $6K | $6K |
| Other Stockholders' Equity | $12.43M | $10K | $6K | $6K |
| Total Equity | $15.57M | $1.36M | $953K | $415K |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $18.46M | $3.43M | $2.27M | $2.38M |
| Supplementary Data | ||||
| Total Debt | $700K | $585K | $615K | $925K |
| Net Debt | -$65K | $213K | -$4K | -$16K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
| Operating Activities | ||||
| Net Income | $1.79M | $402K | $537K | $296K |
| Depreciation & Amortization | $39K | $42K | $45K | $47K |
| Deferred Income Tax | -$39K | -$23K | -$2K | -$30 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$4.38M | -$960K | -$509K | -$389K |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $282K | -$57K | -$303K | $289K |
| Other Working Capital | -$10.17M | $353K | $194K | -$133K |
| Total Working Capital Change | -$14.27M | -$664K | -$618K | -$233K |
| Other Non-Cash Items | $482K | $144K | $5K | -$8K |
| Net Cash from Operating | -$12M | -$100K | -$33K | $102K |
| Investing Activities | ||||
| Capital Expenditures | $0 | -$7K | -$2K | -$3K |
| Acquisitions | $0 | -$148 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $7K | $0 | $0 |
| Net Cash from Investing | $0 | -$771 | -$2K | -$3K |
| Financing Activities | ||||
| Debt Repaid | -$152K | $109K | $273K | -$123K |
| Common Stock Issuance | $13.36M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.2M | -$38K | -$16K | $159K |
| Net Cash from Financing | $12.31M | -$147K | -$290K | $282K |
| Forex Effect | $86K | -$244 | $2K | $6K |
| Net Change in Cash | $393K | -$248K | -$322K | $387K |
| Supplementary Data | ||||
| Operating Cash Flow | -$12M | -$100K | -$33K | $102K |
| Capital Expenditure | $0 | -$7K | -$2K | -$3K |
| Free Cash Flow | -$12M | -$107K | -$34K | $99K |
| Cash at Beginning | $372K | $620K | $942K | $554K |
| Cash at End | $765K | $372K | $620K | $942K |