MIMI · Mint Inc Ltd

Mint Incorporation Limited, through its subsidiary, provides design, fit out, and repair and maintenance services for residential and non-residential buildings in Hong Kong. The company offers design services, such as conceptualized design with layout plans and detailed design drawings. Its fit out works services include installation of materials to cover floors or walls, installation or construction of partition walls, windows, furniture, or fixtures, as well as installation of other systems comprising plumbing or electrical wiring. The company also offers repair and maintenance works, such as replacement of fixtures and fittings, and repainting walls and ceilings. It serves retail stores, food and beverage outlet chains, offices, and other premises of a premier charitable organization, as well as residential properties. Mint Incorporation Limited was founded in 2018 and is headquartered in Kowloon, Hong Kong.

Cap structure and valuation

Cap structure
SP	$2.74
SO	18.0M
Options	—
Warrants	—
FD SO	18.0M
MC	$49.4M

Cash	$4.5M
Total debt	$1.2M
EV	$46.1M

TTM Multiples
EV / Revenue	—
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	1.3%
Insiders	25.9%
# Institutions	11
Analysts	0
Consensus	—
Avg target	—

Short % float	4.1%
Days to cover	0.03

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2025-03-31. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

This filer tags no option or warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)

Financial statements

	3/31/25	3/31/24	3/31/23
Total Revenue	3.05	4.08	2.44
Revenue YoY %	(25.3%)	67.4%	—
Cost of Revenue	2.32	2.52	1.18
Gross Profit	0.73	1.56	1.26
Gross Profit YoY %	(53.5%)	23.5%	—
Gross Margin %	23.8%	38.3%	51.8%

SG&A	2.35	0.67	0.34
Operating Expense	2.35	0.67	0.34

Operating Income	(1.63)	0.89	0.93
Operating Income YoY %	(282.7%)	(3.7%)	—
Operating Margin %	(53.4%)	21.8%	37.9%
EBITDA	(1.62)	0.90	0.93
EBITDA Margin %	(53.2%)	21.9%	38.0%

Interest Expense	0.03	—	—
Pretax Income	(1.64)	0.91	0.95
Tax Provision	(0.17)	0.13	0.13
Net Income	(1.46)	0.78	0.82
Net Margin %	(47.9%)	19.2%	33.6%

Diluted EPS	-$0.07	$0.04	$0.04
Basic EPS	-$0.07	$0.04	$0.04
Diluted Avg Shares	21.4	21.0	21.0
Basic Avg Shares	21.4	21.0	21.0

	3/31/25	3/31/24	3/31/23
Cash & Equivalents	4.52	0.32	0.29
Receivables	0.65	0.85	—
Other Current Assets	1.76	0.89	—
Total Current Assets	6.93	2.06	—

Net PPE	0.01	0.01	—
Operating Lease ROU	0.18	0.04	—
Total Assets	7.58	2.11	—

Accounts Payable	0.35	0.36	—
Current Lease Liabilities	0.10	0.04	—
Other Current Liabilities	—	0.51	—
Total Current Liabilities	0.72	0.91	—
Long-term Debt	1.22	—	—
Long-term Lease Liabilities	0.09	—	—
Total Liabilities	1.78	0.91	—

Retained Earnings	(0.27)	1.19	—
Total Equity	5.80	1.20	0.41

	3/31/25	3/31/24	3/31/23
Net Income	(1.46)	0.78	0.82
D&A	0.01	0.00	0.00
Δ Working Cap & Other	(1.80)	(0.03)	(0.10)
Operating Cash Flow	(3.26)	0.76	0.72

CapEx	(0.01)	(0.01)	(0.01)
Investing Cash Flow	(0.14)	(0.01)	(0.01)

Stock Issuance	6.05	—	—
Dividends Paid	—	—	(0.55)
Other Financing	1.54	(0.72)	—
Financing Cash Flow	7.59	(0.72)	(0.52)

Effect of FX on Cash	0.01	0.00	(0.00)

Free Cash Flow	(3.27)	0.75	0.72

	3/31/25	3/31/24	3/31/23
Current Ratio	9.59	2.26	—
Quick Ratio	—	—	—
Debt / Equity	0.31	0.76	—
EBITDA Margin %	(53.2%)	21.9%	38.0%
Working Capital	6.21	1.15	—
Net Debt	(3.30)	—	—
ROE %	(25.2%)	65.4%	200.3%
ROA %	(19.3%)	37.1%	—

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-05-27	Chan Hoi Lung	Director, Officer (Chief Executive Officer), 10% Owner	2026-05-18	P	211,879	$3.01	$637,756