Masonglory (MSGY) Q4 2026 earnings summary

Executive summary

• Revenue for FY2026 was $23.6M, up 1% year-over-year, with a shift toward public sector projects.

• Gross profit dropped 52% to $1.0M, with gross margin falling to 4.4% from 9.3% due to higher material costs and depreciation.

• Net loss of $8.0M in FY2026, compared to net income of $1.3M in FY2025, mainly due to a one-time, non-cash share-based compensation expense of $7.8M.

• IPO completed in July 2025, raising $6.9M gross proceeds; shares listed on Nasdaq under MSGY.

Financial highlights

• Revenue: $23.6M (FY2026), $23.3M (FY2025), $20.6M (FY2024).

• Gross profit: $1.0M (FY2026), $2.2M (FY2025), $1.7M (FY2024).

• Net (loss)/income: $(8.0)M (FY2026), $1.3M (FY2025), $1.3M (FY2024).

• EPS: $(0.56) (FY2026), $0.10 (FY2025), $0.11 (FY2024).

• Cash at banks: $0.3M (Mar 2026), $2.4M (Mar 2025).

• Backlog increased 111% to $31.4M as of Mar 2026.

Outlook and guidance

• Management expects continued demand for wet trades services, with a focus on expanding workforce and machinery to support growth.

• Plans to diversify project portfolio into more public sector projects and strengthen marketing efforts.

• No formal quantitative guidance provided.