Revenue has experienced a significant decline to $4.8 million in 2024Q4, while gross margins have collapsed from a 36.1% peak in 2022 to just 16.9%.
| Sales/Revenue | 37.15M | 14.58M | 21.54M | 25.46M | 55.34M | 47.68M | 37.5M |
| Revenue Growth % | - | -32.29% | -15.39% | -54% | 16.05% | 27.15% | - |
| Cost of Goods Sold | 29.93M | 13.18M | 16.28M | 23.07M | 35.42M | 31.27M | 27.46M |
| COGS % of Revenue | - | 90.4% | 75.59% | 90.63% | 64.01% | 65.58% | 73.22% |
| Gross Profit | 7.22M | 1.4M | 5.26M | 2.39M | 19.92M | 16.41M | 10.04M |
| Gross Margin % | 19.43% | 9.6% | 24.41% | 9.37% | 35.99% | 34.42% | 26.78% |
| Gross Profit Growth % | - | -73.36% | 120.42% | -88.02% | 21.35% | 63.4% | - |
| Operating Expenses | 13.37M | 4.3M | 8.96M | 9.82M | 13.65M | 12.69M | 10.39M |
| OpEx % of Revenue | - | 29.49% | 41.61% | 38.56% | 24.67% | 26.61% | 27.69% |
| Selling, General & Admin | 13.37M | 4.3M | 8.96M | 9.82M | 13.65M | 12.69M | 10.43M |
| SG&A % of Revenue | - | 29.49% | 41.61% | 38.56% | 24.67% | 26.61% | 27.8% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.15M | -2.9M | -3.71M | -7.43M | 7.02M | 4.6M | 310.27K |
| Operating Margin % | -16.56% | -19.89% | -17.2% | -29.19% | 12.68% | 9.64% | 0.83% |
| Operating Income Growth % | - | 21.73% | 50.13% | -205.89% | 52.59% | 1382.15% | - |
| EBITDA | -4.33M | -2.73M | -2.25M | -5.52M | 8.73M | 6.03M | 1.6M |
| EBITDA Margin % | -11.65% | -18.71% | -10.46% | -21.68% | 15.78% | 12.65% | 4.28% |
| EBITDA Growth % | - | -21.06% | 59.16% | -163.2% | 44.79% | 275.79% | - |
| D&A (Non-Cash Add-back) | 1.82M | 171.91K | 1.45M | 1.91M | 1.72M | 1.43M | 1.29M |
| EBIT | -4.84M | -5.94M | -7.97M | -10.48M | 7.02M | 3.7M | 439.06K |
| Net Interest Income | -1.85M | -424.49K | -924.41K | -1.58M | -1.91M | -1.87M | -1.62M |
| Interest Income | 22.4K | 3.25K | 13.37K | 23.22K | 11.56K | 893 | 389 |
| Interest Expense | 1.87M | 427.74K | 937.78K | 1.6M | 1.93M | 1.87M | 1.62M |
| Other Income/Expense | -4.84M | -3.46M | -5.1M | -4.55M | -1.05M | -1.76M | -694K |
| Pretax Income | -10.99M | -6.36M | -8.8M | -11.98M | 5.21M | 1.96M | -1.04M |
| Pretax Margin % | -29.59% | -43.64% | -40.87% | -47.05% | 9.42% | 4.11% | -2.76% |
| Income Tax | -51.05K | 51.95K | -73.52K | -42.82K | 431.93K | 628.25K | 147.51K |
| Effective Tax Rate % | 0.46% | -0.82% | 0.84% | 0.36% | 8.29% | 32.04% | -14.25% |
| Net Income | -10.94M | -5.86M | -8.73M | -11.93M | 4.78M | 1.33M | -1.18M |
| Net Margin % | -29.46% | -40.15% | -40.52% | -46.88% | 8.64% | 2.79% | -3.15% |
| Net Income Growth % | - | 32.91% | 26.86% | -349.71% | 258.7% | 212.65% | - |
| Net Income (Continuing) | -10.94M | -6.42M | -8.73M | -11.93M | 4.78M | 1.33M | -1.18M |
| Discontinued Operations | 0 | 560.52K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.66 | -0.35 | -0.53 | -0.88 | 0.36 | 0.10 | -0.09 |
| EPS Growth % | - | 33.96% | 39.77% | -344.44% | 260% | 211.61% | - |
| EPS (Basic) | - | -0.35 | -0.53 | -0.88 | 0.36 | 0.10 | -0.09 |
| Diluted Shares Outstanding | 16.55M | 16.55M | 16.55M | 13.99M | 13.16M | 13.16M | 13.16M |
| Basic Shares Outstanding | 16.55M | 16.55M | 16.55M | 13.99M | 13.16M | 13.16M | 13.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Liquidity and operational insolvency
As evidenced by the most recent quarterly filings, NWGL's revenue has experienced a significant decline, with the latest period showing a 1.7% sequential drop following a broader trend of volatility that has seen quarterly top-line figures fall from $13.5 million in 2021 to just $4.8 million.
The consistent downward trajectory in revenue suggests that the company is struggling to maintain market share in its core timber segments. This contraction appears to be more than cyclical, potentially indicating a fundamental loss of competitiveness or an inability to secure consistent purchase orders in a challenging global construction environment.
According to the provided financial data, NWGL's gross margin has fluctuated wildly, collapsing from a peak of 36.1% in 2022 to a thin 16.9% in the most recent quarter, highlighting the company's inability to maintain pricing power amidst rising extraction and logistics costs.
The extreme variability in gross margins suggests that the company lacks the scale to absorb fluctuations in input costs, such as maritime freight and harvesting expenses. Investors should monitor whether the current margin profile is sustainable, as the inability to consistently generate double-digit gross margins undermines the viability of the integrated forest-to-floor model.
Based on reported income statements, NWGL's operating margin has remained consistently negative, reaching -38.2% in the latest quarter, which indicates that the company's fixed cost base is far too heavy for its current level of revenue generation.
The lack of positive operating leverage suggests that management has failed to right-size the administrative and overhead expenses in response to declining sales. This persistent operating loss implies that the company is currently unable to achieve the necessary scale to reach profitability, regardless of its upstream asset advantages.
Financial statements reveal that with cash and equivalents dwindling to approximately $966,807, the company faces a precarious liquidity position that may necessitate external financing or asset divestitures to sustain operations, as noted in the most recent quarterly reporting period.
The combination of negative net margins and a shrinking cash runway suggests that the company may be approaching a critical inflection point regarding its solvency. The reliance on non-core segments like IT consultancy may indicate that management is attempting to diversify revenue streams, but this appears to be an insufficient offset to the core business's cash burn.
Quick answers to the most common questions about buying NWGL stock.
For fiscal year 2025, CL Workshop Group Limited (NWGL) reported total revenue of $14.6M. This represents a 61.1% decline compared to $37.5M in 2020.
CL Workshop Group Limited (NWGL) reported a net loss of $5.9M for the fiscal year ending 2025.
CL Workshop Group Limited (NWGL) reported an operating income of $-2.9M, resulting in an operating profit margin of -19.9%. This margin reflects the operational efficiency of the business before interest and taxes.
CL Workshop Group Limited (NWGL) generated $1.4M in gross profit for the year, representing a gross profit margin of 9.6%. This demonstrates the company's core pricing power and production efficiency.