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FMFC · NASDAQ · Personal Products & Services

Kandal M Venture

Contract manufacturer of affordable-luxury handbags and small leather goods.

$0.2322
After-hours close+0.01 (+3.66%)
At close$0.2240(−3.24%)
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Profile

Kandal M Venture LimitedFMFCConsumer Discretionary

Manufactures affordable-luxury handbags and small leather goods for fashion brands, earning revenue from finished goods sold after customer-led design and approval. The Cayman holding company relies on Cambodian production and Hong Kong procurement, trading, and invoicing, with orders placed customer by customer.

Manufactures affordable-luxury handbags and small leather goods for fashion brands, using customer design packages to assess manufacturability, develop prototypes, and move approved styles into production. Product categories include shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and wallets.

Runs production from Cambodia, with a Hong Kong subsidiary handling procurement, trading, and customer invoicing. Materials include leather, fabric, hardware, and edge paint, sourced internationally or specified by customers. Quality checks occur when materials arrive and throughout production; logistics providers ship finished goods to customer-designated locations.

Depends on order-by-order customer authorizations rather than long-term agreements, while production remains centered at a single leased Cambodian site. Customer concentration, supplier availability and customer-designated materials, Cambodian labor requirements, trade policy, and the ability to meet inspection, cost, and delivery standards shape execution.

Company facts

CEOFok Yui Kwong
ListedJun 25, 2025
ExchangeNASDAQ
HeadquartersTakhmao Town, Cambodia
CountryCambodia
Employees1,264
CIK0002024656
ISINKYG5225N1007

Key statistics

Market cap$4.2M
EPS (ttm)$0.0026
P/E (ttm)86.90
ROE0.8%
P/B0.5186
P/S0.1632
Dividend yield
Beta0.93vs XLY 2.62

Year to date −27.7% · Average volume (30d) 7.5M

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate
Reported$0.01

Revenue

Estimate
Reported$17.2M

History

Fiscal yearEPS estEPSSurpriseRevenue estRevenueSurprise
2025$0.01$17.2M
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Financial highlights

9 quartersQ2 FY25Q3 FY25Q4 FY25Q2 FY26Q3 FY26Q4 FY26
Revenue$4.8M$3.8M$3.8M$7.9M$4.6M$9.2M
Gross profit$1.1M$545.3K$545.3K$1.5M$889.8K$1.7M
Operating income$472.2K−$284.7K−$569.4K$189.7K$66.3K$132.5K
Net income$325.8K−$221.0K−$221.0K$168.9K$33.4K$66.8K
Diluted EPS$0.02−$0.01−$0.01$0.01$0.00$0.00
Gross margin23.8%14.2%14.2%18.7%19.3%18.7%
Operating margin9.9%-7.4%-14.9%2.4%1.4%1.4%

Fiscal years (4-quarter sums)FY25 $17.2M

Revenue by geography · FY26

United States$10.9M · 64%
Europe$4.6M · 27%
Other OTC$956.8K · 6%
Canada$464.5K · 3%
Japan$208.2K · 1%

Balance sheet, Mar 31, 2026Cash & short-term investments $3.6M · Total debt $87.6K · Total assets $11.2M · Shareholders' equity $8.0M

Dividends

No dividends on record.

Ownership

Institutions 0.93%Insiders

Shares outstanding 18.30M · Float 8.32M · 45.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
JAK FMFC Opportunities I LLC1.70M9.90%13GAug 13, 2026
HRT Financial LP69.1K0.38%13FMay 14, 2026
XTX Topco Ltd51.8K0.28%13FMay 15, 2026
Jane Street Group, LLC22.7K0.12%13FMay 12, 2026
Two Sigma Investments, LP13.6K0.07%13FMay 15, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

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Peers

Not reported.