ALRDF (Defence Holdings) Operating Income: $-5.06 Mil (TTM As of Sep. 2025)


What is Defence Holdings Operating Income?

Defence Holdings ALRDF Operating Income is $-5.06 Mil as of Sep. 2025. The stock has 5 warning signs investors should review.

Defence Holdings's Operating Income for the six months ended in Sep. 2025 was $-5.06 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-5.06 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Defence Holdings's Operating Income for the six months ended in Sep. 2025 was $-5.06 Mil. Defence Holdings's Revenue for the six months ended in Sep. 2025 was $0.00 Mil. Therefore, Defence Holdings's Operating Margin % for the quarter that ended in Sep. 2025 was %.

Defence Holdings's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Defence Holdings's annualized ROC % for the quarter that ended in Sep. 2025 was -209.13%. Defence Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -343.03%.

Defence Holdings  (OTCPK:ALRDF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Defence Holdings's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-10.116 * ( 1 - 6.29% )/( (8.452 + 0.614)/ 2 )
=-9.4797036/4.533
=-209.13 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7.064 - 2.241 - ( 0.022 - max(0, 5.112 - 1.483+0.022))
=8.452

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.67 - 0.065 - ( 2.991 - max(0, 0.105 - 3.67+2.991))
=0.614

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Defence Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.116/( ( (5.283 + max(-3.141, 0)) + (0 + max(0.615, 0)) )/ 2 )
=-10.116/( ( 5.283 + 0.615 )/ 2 )
=-10.116/2.949
=-343.03 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.266 + 0 + 0.16) - (2.241 + 0 + 2.326)
=-3.141

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.679) - (0.065 + 0 + -0.001)
=0.615

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Defence Holdings's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-5.058/0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Defence Holdings Operating Income Related Terms

Defence Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Defence Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Defence Holdings Operating Income Chart

Defence Holdings Annual Data
Trend Sep20 Sep21 Sep22
Operating Income
0.00 -12.12 -9.71

Defence Holdings Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.12 -2.62 -2.59 -2.14 -5.06

Defence Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-5.06 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-5.06 Mil mean?
Defence Holdings (ALRDF) has a Operating Income of $-5.06 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Defence Holdings and its competitors.
Is Defence Holdings' Operating Income too high?
Defence Holdings' current Operating Income is $-5.06 Mil.
How does Defence Holdings' Operating Income compare to SPCX and GE?
Defence Holdings' Operating Income of $-5.06 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Defence Holdings and its competitors. Defence Holdings's current Operating Income is $-5.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Defence Holdings stock overvalued right now?
Defence Holdings (ALRDF) has a current Operating Income of $-5.06 Mil. The current Operating Income is $-5.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Defence Holdings (ALRDF), the current Operating Income is $-5.06 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Defence Holdings Business Description

Other Exchanges ALRT:UKGU0:Germany
Address 72 Charlotte Street, London, GBR, W1T 4QQ
Defence Holdings PLC is engaged in providing defence and security solutions. The company leverage deep capital-markets expertise and a network of technology partners, and to develop and acquire sensors, AI-driven analytics, secure communications, and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.