USS Global Limited Balance Sheet Amount in '000

 USS Global Limited Profit & Loss Statement Amount in '000 Except EPS

USS Global Limited Cash Flow Statement Amount in '000

Cash Flow Analysis

USS Global Limited
(Amount in ‘000)

The Cash Flow Statement reflects the Company’s operational efficiency, investment deployment, and financing strategy during the financial year.

1.Cash Flow from Operating Activities

During FY 2025, the Company reported a net cash outflow of 595.10, as compared to a strong inflow of 12,001.47 in FY 2024.

Key Components:

• Profit before tax: 7,411.56 (FY24: 7,775.73)

• Depreciation: 1,485.60 (non-cash adjustment)

• Operating profit before working capital changes: 8,897.16

Working Capital Movements:

• Increase in Trade Receivables: (6,159.53)

• Increase in Other Current Assets: (1,356.84)

• Decrease in Current Liabilities: 200.00

• Decrease in Other Current Liabilities: (146.46)

Interpretation:

Although the Company remained profitable at the operating level, significant working capital absorption—particularly higher receivables and other current assets—substantially reduced operating cash generation. After accounting for taxes paid (2,029.43), the Company recorded a marginal net operating cash outflow.

The previous year’s strong operating inflow was primarily supported by favourable working capital adjustments, which were not replicated in FY 2025.

2.Cash Flow from Investing Activities

The Company reported a substantial net cash outflow of 46,281.78 in FY 2025 compared to an outflow of 7,646.12 in FY 2024.

Major Movements in FY 2025:

• Increase in Long-Term Loans & Advances: 3,718.22

• Increase in Other Non-Current Assets: (50,000.00)

In FY 2024, investing cash flows included:

• Investment in Mutual Funds: (15,600.00)

• Increase in Long-Term Loans & Advances: 8,110.07

• Minor capital expenditure on PPE

Interpretation:

The significant investing outflow during FY 2025 is primarily attributable to a substantial increase in other non-current assets (50,000.00). This indicates long-term strategic deployment of funds, potentially for expansion, asset acquisition, or financial restructuring.

The magnitude of investment reflects a deliberate capital allocation decision aimed at strengthening long-term value creation.

3.Cash Flow from Financing Activities

No financing inflow or outflow was recorded during FY 2025.

In contrast, FY 2024 recorded a significant inflow of 50,200.00 due to increase in share capital.

Interpretation:

The previous year’s equity infusion substantially strengthened the Company’s liquidity base, which supported the higher investment activities undertaken during FY 2025. The absence of financing activity in the current year indicates reliance on internal accruals and previously raised capital.

4.Net Cash Position

• Net decrease in cash & cash equivalents: (46,876.88)

• Opening balance: 55,958.85

• Closing balance: 9,081.97

The sharp decline in cash balance during FY 2025 is primarily due to large-scale investing outflows coupled with modest operating cash generation.

Overall Assessment

FY 2025 reflects:

• * Stable operating profitability but reduced operating cash flow due to working capital expansion

• * Significant long-term investment deployment

• * No additional financing support during the year

• * Reduction in year-end cash reserves

The Company appears to be in a strategic investment phase, utilizing prior year capital infusion to strengthen its long-term asset base. While short-term liquidity has moderated, the investment decisions may contribute to enhanced future growth and operational returns.

Below are the Financial Ratios

Key Financial Ratio Analysis

USS Global Limited

1.Current Ratio

FY 2025: 11.72 | FY 2024: 25.58

The Current Ratio remains significantly strong at 11.72, though lower than 25.58 in the previous year.

This indicates that the Company continues to maintain a very high level of current assets relative to current liabilities, reflecting a strong short-term liquidity position. The moderation during FY 2025 suggests partial utilization of liquid resources, likely toward investment deployment during the year.

Despite the decline, the ratio remains well above conventional benchmarks, indicating substantial liquidity cushion and minimal short-term solvency risk.

2.Return on Equity (ROE)

FY 2025: 0.04 | FY 2024: 0.05

Return on Equity marginally declined to 4% from 5% in the previous year.

This reflects a slight moderation in returns generated on shareholders’ funds. The decline may be attributable to increased equity base from prior capital infusion and comparatively stable profit levels. While profitability remains positive, improvement in earnings efficiency will be essential to enhance shareholder value going forward.

3.Trade Receivables Turnover Ratio

FY 2025: 2.27 times | FY 2024: 10.19 times

The ratio declined significantly from 10.19 times to 2.27 times.

This indicates slower collection of receivables during FY 2025 and higher credit exposure. The reduction aligns with the increase in trade receivables observed in the cash flow statement, suggesting extended credit terms or delayed realizations.

Improved receivables management will be important to strengthen cash flow efficiency and working capital performance.

4.Net Capital Turnover Ratio

FY 2025: 0.24 | FY 2024: 1.51

The Net Capital Turnover Ratio decreased substantially to 0.24 from 1.51.

This reflects lower revenue generation relative to capital employed during the year. The decline may be associated with increased capital base and strategic investments undertaken during FY 2025, which have yet to translate into proportionate revenue growth.

This suggests the Company is in an investment or expansion phase, with expected returns materializing over future periods.

5.Net Profit Ratio

FY 2025: 0.69 | FY 2024: 0.15

The Net Profit Ratio improved significantly to 0.69 from 0.15.

This indicates enhanced cost efficiency and improved profitability margins during FY 2025. Despite working capital expansion, the Company maintained strong profit margins, reflecting operational stability.

Sustaining this margin level will positively impact overall return ratios in the coming years.

6.Return on Capital Employed (ROCE)

FY 2025: 0.05 | FY 2024: 0.06

ROCE slightly declined to 5% from 6%.

The moderation reflects lower efficiency in utilizing total capital employed, likely due to increased investment base and working capital expansion. While the Company remains profitable, optimization of capital allocation will be essential to improve returns.

7.Return on Investment (ROI)

FY 2025: 0.06 | FY 2024: 0.10

ROI decreased from 10% to 6%.

This indicates comparatively lower returns on invested funds during the year. The decline may be temporary and linked to long-term investments made during FY 2025, which may generate returns over future periods.

Overall Financial Interpretation

The ratio analysis reflects the following trends:

• * Very strong liquidity position, though moderated from previous year

• * Slight decline in return ratios due to expanded capital base

• * Significant slowdown in receivables turnover impacting working capital efficiency

• * Improved profit margins demonstrating operational strength

Overall, USS Global Limited appears to be in a strategic expansion phase, utilizing prior capital infusion to deploy funds into long-term assets. While short-term efficiency ratios have moderated, sustained profitability and improved working capital management will be key to enhancing overall financial performance in future periods.