MSS Maison Solutions Inc.

Overview and Growth

Fiscal 2025 results for Maison Solutions Inc. combined $124.22M of revenue with net income of $1.17M and an operating cash inflow of $4.76M. The $124.22M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 114.0% from $58.04M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.07, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $77.36M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 1.61x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $26.34M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 21.2% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $1.27M after the reported operating expense base. The operating loss equaled 1.0% of revenue, showing the scale of the operating deficit relative to sales. Net income came to $1.17M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 0.9%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $1.09M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 0.9% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $173.99K, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 15.9%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 10.0%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 1.5%, showing earnings relative to the full balance sheet. Net income of $1.17M replaced the $3.34M loss reported in fiscal 2024.

Liquidity and Capital Structure

The company held $77.36M of assets against $65.72M of liabilities and $11.64M of equity, revealing how the asset base was financed. The near-term balance sheet paired $12.93M of current assets with $22.75M of current liabilities at the reporting date. Current assets covered only 0.57x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $775.36K, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 3.4%, excluding receivables and other current assets. Borrowings totaled $2.62M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.22x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 3.4% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 85.0%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 1.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 6.1% from $82.40M in fiscal 2024, leaving current total assets lower year over year. Against $10.72M of equity in fiscal 2024, the current book-equity balance moved 8.6% and ended higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $4.76M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 4.07x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Apr 30, 2025. Analysis generated Oct 21, 2026.