Malacca Straits Acquisition Co Financials
This page shows Malacca Straits Acquisition Co (MLAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Accounting profit and operating cash burn diverged, while a thin equity base left the balance sheet slightly underwater.
FY2025 shows$8.3M of net income but-$931K of operating cash flow; paired with-$735K of equity, that means reported earnings did not translate into cash or rebuild book capital. The company looks able to cover near-term bills at 1.9x current ratio, yet that cushion sits on only$453K of cash.
The balance sheet is unusually tight: total liabilities of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Malacca Straits Acquisition Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Malacca Straits Acquisition Co's current ratio of 1.91 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
For every $1 of reported earnings, Malacca Straits Acquisition Co generates $-0.11 in operating cash flow (-$931K OCF vs $8.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Malacca Straits Acquisition Co reported $8.3M in net income in fiscal year 2025.
Cash & Balance Sheet
Malacca Straits Acquisition Co held $453K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
MLAC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $390K | N/A | N/A | N/A | $321K | N/A | N/A |
| Operating Income | -$390K | N/A | -$394K-101.6% | -$196K+39.0% | -$321K | N/A | -$26K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1.7M | N/A | $2.1M-2.9% | $2.2M+8.8% | $2.0M | N/A | -$26K |
| EPS (Diluted) | $0.06 | N/A | N/A | N/A | N/A | N/A | N/A |
MLAC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $243.6M+0.7% | $241.8M+0.8% | $239.9M+0.9% | $237.7M+1.0% | $235.4M+0.9% | $233.2M | N/A |
| Current Assets | $216K-61.2% | $557K-40.7% | $940K-25.4% | $1.3M-5.1% | $1.3M-11.5% | $1.5M | N/A |
| Cash & Equivalents | $67K-85.3% | $453K-46.5% | $846K-27.1% | $1.2M-4.9% | $1.2M-11.7% | $1.4M | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $244.7M+0.9% | $242.5M-1.9% | $247.3M+1.1% | $244.7M+1.0% | $242.2M+1.0% | $239.7M | N/A |
| Current Liabilities | $341K+16.6% | $292K-2.4% | $299K+20.9% | $248K+73.1% | $143K+725.5% | $17K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$1.1M-53.0% | -$735K+90.1% | -$7.4M-5.6% | -$7.0M-2.9% | -$6.8M-5.0% | -$6.5M-32696.8% | -$20K |
| Retained Earnings | -$1.1M-53.0% | -$736K+90.0% | -$7.4M-5.6% | -$7.0M-2.9% | -$6.8M-4.9% | -$6.5M | N/A |
MLAC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$386K+1.8% | -$393K-24.8% | -$315K-423.1% | -$60K+62.9% | -$162K | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MLAC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.7% | N/A | 0.9%-0.0pp | 0.9%+0.1pp | 0.9% | N/A | N/A |
| Current Ratio | 0.64-1.3 | 1.91-1.2 | 3.14-1.9 | 5.09-4.2 | 9.28-77.2 | 86.51 | N/A |
| Debt-to-Equity | -217.63+112.4 | -330.07-296.6 | -33.46+1.5 | -34.97+0.6 | -35.61+1.4 | -36.99 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$735K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
Is Malacca Straits Acquisition Co profitable?
Yes, Malacca Straits Acquisition Co (MLAC) reported a net income of $8.3M in fiscal year 2025.
What is Malacca Straits Acquisition Co's operating cash flow?
Malacca Straits Acquisition Co (MLAC) generated -$931K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Malacca Straits Acquisition Co's total assets?
Malacca Straits Acquisition Co (MLAC) had $241.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Malacca Straits Acquisition Co's current ratio?
Malacca Straits Acquisition Co (MLAC) had a current ratio of 1.91 as of fiscal year 2025, which is generally considered healthy.
What is Malacca Straits Acquisition Co's debt-to-equity ratio?
Malacca Straits Acquisition Co (MLAC) had a debt-to-equity ratio of -330.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Malacca Straits Acquisition Co's return on assets (ROA)?
Malacca Straits Acquisition Co (MLAC) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Malacca Straits Acquisition Co's cash runway?
Based on fiscal year 2025 data, Malacca Straits Acquisition Co (MLAC) had $453K in cash against an annual operating cash burn of $931K. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Malacca Straits Acquisition Co's debt-to-equity ratio negative or unusual?
Malacca Straits Acquisition Co (MLAC) has negative shareholder equity of -$735K as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are Malacca Straits Acquisition Co's earnings high quality?
Malacca Straits Acquisition Co (MLAC) has an earnings quality ratio of -0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Malacca Straits Acquisition Co?
Malacca Straits Acquisition Co (MLAC) scores 6 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.