MSGY on Nasdaq
Masonglory Ltd
In its 2026 annual report (Form 20-F) the company says: “We are a holding company incorporated in the Cayman Islands with operations conducted in Hong Kong by our Operating Subsidiary, Masontech Limited. We have been engaged in the provision of wet trades services and other ancillary services as a subcontractor in Hong Kong since 2018.”4 Its shares trade on Nasdaq under the symbol MSGY.1
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Last updated Oct 21, 2026.
Overview
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- TickerMSGY on Nasdaq1
- IndustryConstruction - Special Trade Contractors1
- HeadquartersHong Kong, Hong Kong1
- Incorporated inCayman Islands3
- Business addressRoom 9, 25/F., Cre Centre, 889 Cheung Sha Wan Road, Kowloon, Hong Kong, K3 0003
- Filer categoryNon-accelerated filer, Emerging growth company3
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We are a holding company incorporated in the Cayman Islands with operations conducted in Hong Kong by our Operating Subsidiary, Masontech Limited. We have been engaged in the provision of wet trades services and other ancillary services as a subcontractor in Hong Kong since 2018. As a subcontractor, we provide our customers with comprehensive wet trades works solutions, which principally include (i) plastering on floors, ceilings and walls, (ii) tile laying on internal and external walls and floors, (iii) brick laying, (iv) floor screeding, and (v) marble works.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue96¢$22.5M
- Other costs4¢$825.7K
- Income tax1¢$213.0K
Out of $23.6M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenue | $23.6M | $23.3M | $20.6M |
| Cost of revenue | -$22.5M | -$21.1M | -$18.9M |
| Gross profit | $1.0M | $2.2M | $1.7M |
| General and administrative expenses | -$8.9M | -$668.8K | -$181.5K |
| Total operating expenses | -$8.9M | -$668.8K | -$181.5K |
| (Loss) income from operations | -$7.8M | $1.5M | $1.5M |
| Interest expense, net | -$261 | ||
| Other income | $21.9K | $2.4K | $5.7K |
| Total other income, net | $21.9K | $2.4K | $5.4K |
| (Loss) income before income taxes | -$7.8M | $1.5M | $1.5M |
| Income tax expense | -$213.0K | -$229.5K | -$229.2K |
| Net (loss) income and total comprehensive (loss) income | -$8.0M | $1.3M | $1.3M |
| Basic (in Dollars per share) | $0.56 | $0.10 | $0.11 |
| Diluted (in Dollars per share) | $0.56 | $0.10 | $0.11 |
| Basic (in Shares) | 14.4M shares | 12.3M shares | 11.5M shares |
| Diluted (in Shares) | 14.4M shares | 12.3M shares | 11.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash at banks | $315.7K | $2.4M | ||
| Accounts receivable, net | $3.9M | $1.4M | ||
| Contract assets | $4.7M | $2.3M | ||
| Prepayments | $209.0K | |||
| Deferred offering costs | $463.5K | |||
| Deposits | $2.6K | $2.6K | ||
| Total current assets | $9.1M | $6.5M | ||
| Equipment, net | $1.8M | |||
| Prepayments | $626.9K | |||
| Deferred tax assets | $12.8K | |||
| Total non-current assets | $2.4M | $12.8K | ||
| Total assets | $11.5M | $6.6M | ||
| Accounts payable | $2.1M | $413.5K | ||
| Due to directors | $2.0M | |||
| Accrued expenses and other payables | $225.7K | $261.8K | ||
| Income tax payable | $407.2K | $439.7K | ||
| Total current liabilities | $2.9M | $3.1M | ||
| Deferred tax liabilities | $200.2K | |||
| Total non-current liabilities | $200.2K | |||
| Total liabilities | $3.1M | $3.1M | ||
| Ordinary shares, 500,000,000 shares authorized; USD0.0001 par value, 16,957,000 and 12,500,000 shares issued and outstanding, as of March 31, 2026 and 2025, respectively | $1.7K | $1.2K | ||
| Additional paid in capital | $13.1M | $164.1K | ||
| (Accumulated losses)/retained earnings | -$4.7M | $3.3M | ||
| Total shareholders equity | $8.4M | $3.5M | $2.0M | $722.9K |
| Total liabilities and shareholders equity | $11.5M | $6.6M | ||
| Ordinary shares, shares authorized (in Shares) | 500.0M shares | 500.0M shares | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares issued (in Shares) | 17.0M shares | 12.5M shares | ||
| Ordinary shares, shares outstanding (in Shares) | 17.0M shares | 12.5M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash at banks | $315.7K | $2.4M | ||
| Accounts receivable, net | $3.9M | $1.4M | ||
| Contract assets | $4.7M | $2.3M | ||
| Prepayments | $209.0K | |||
| Deferred offering costs | $463.5K | |||
| Deposits | $2.6K | $2.6K | ||
| Total current assets | $9.1M | $6.5M | ||
| Equipment, net | $1.8M | |||
| Prepayments | $626.9K | |||
| Deferred tax assets | $12.8K | |||
| Total non-current assets | $2.4M | $12.8K | ||
| Total assets | $11.5M | $6.6M | ||
| Accounts payable | $2.1M | $413.5K | ||
| Due to directors | $2.0M | |||
| Accrued expenses and other payables | $225.7K | $261.8K | ||
| Income tax payable | $407.2K | $439.7K | ||
| Total current liabilities | $2.9M | $3.1M | ||
| Deferred tax liabilities | $200.2K | |||
| Total non-current liabilities | $200.2K | |||
| Total liabilities | $3.1M | $3.1M | ||
| Ordinary shares, 500,000,000 shares authorized; USD0.0001 par value, 16,957,000 and 12,500,000 shares issued and outstanding, as of March 31, 2026 and 2025, respectively | $1.7K | $1.2K | ||
| Additional paid in capital | $13.1M | $164.1K | ||
| (Accumulated losses)/retained earnings | -$4.7M | $3.3M | ||
| Total shareholders equity | $8.4M | $3.5M | $2.0M | $722.9K |
| Total liabilities and shareholders equity | $11.5M | $6.6M | ||
| Ordinary shares, shares authorized (in Shares) | 500.0M shares | 500.0M shares | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares issued (in Shares) | 17.0M shares | 12.5M shares | ||
| Ordinary shares, shares outstanding (in Shares) | 17.0M shares | 12.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net (loss) income | -$8.0M | $1.3M | $1.3M |
| Depreciation of equipment | $197.2K | ||
| Amortization of right-of-use assets finance lease | $1.4K | $20.7K | |
| (Reversal) provision of expected credit loss allowance, net | -$66.4K | $19.8K | $23.4K |
| Deferred taxation | $213.0K | -$3.1K | -$5.4K |
| Share-based compensation consultancy services | $7.8M | ||
| Change in accounts receivable | -$2.4M | $4.0M | -$3.8M |
| Change in contract assets | -$2.3M | -$448.0K | -$316.6K |
| Prepayments | -$835.9K | ||
| Change in deposits | -$2.6K | ||
| Change in accounts payable | $1.7M | -$1.9M | $949.9K |
| Change in income tax payable | -$32.5K | $261.9K | $176.9K |
| Change in accrued expenses and other payables | -$36.1K | $222.7K | $19.9K |
| Cash (used in) generated from operating activities | -$3.8M | $3.4M | -$1.7M |
| Purchases of equipment | -$2.0M | ||
| Cash used in investing activity | -$2.0M | ||
| Principal payments for finance lease liabilities | -$12.8K | ||
| (Repayment to) Advances from directors | -$2.0M | -$1.1M | $1.9M |
| Advances From A Related Party | $153.8K | ||
| Issuance of ordinary shares | $6.9M | $165.3K | |
| Deferred offering costs | -$1.3M | -$238.3K | -$225.2K |
| Cash generated from (used in) financing activities | $3.7M | -$1.2M | $1.7M |
| Net (decrease) increase in cash at banks | -$2.0M | $2.2M | $18.3K |
| Cash (paid) refunded for income tax | -$32.2K | $29.3K | -$57.7K |
| Cash paid for interest | $1.8K | ||
| Issuance of ordinary shares for consultancy services | $7.8M | ||
| Offering costs offset against additional paid-in capital | $463.5K |
No quarter-by-quarter statement was filed.
Corporate structure
Masonglory Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Masonglory Ltd
- Fung & Tun Ltd Filed SCHEDULE 13D/A on Masonglory Ltd, latest Aug 27, 2026 (2 filings since Jan 30, 2026)
- Masonglory Ltd Hong Kong, Hong Kong
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Masonglory Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $353.4K2 Mar 31, 2026 | $156.2K2 Mar 31, 2025 | +126.3% |
| Property and equipment, net | $1.8M2 Mar 31, 2026 |
Investments
Leadership
Who has led Masonglory Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerTsz Tun Tse Mar 16, 2026 to now6
- ChairShing Fung Tse Mar 16, 2026 to now7
- Chief financial officerChi Hei Tsoi Mar 16, 2026 to now8
Board members and other officers (6)
- Project ManagerKa Shun Lam Mar 16, 2026 to now9
- Board memberPo Yuen Lui Mar 16, 2026 to now10
- Board memberShing Yan Cheng Mar 16, 2026 to now11
- Board memberTsz Tun Tse Mar 16, 2026 to now6
- Board memberWing Wa Man Mar 16, 2026 to now12
- Board memberJinyu Xie Mar 20, 2026 to now13
Timeline
- Mar 16, 2026New chief executive Tsz Tun Tse becomes CEO6
Filings
55 filings to the SEC since October 2021: 2 annual reports, 8 insider forms, 2 large holders, 43 other. The latest 20:
- Oct 6, 20266-K EDGAR
- Oct 2, 2026144 EDGAR
- Sep 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 27, 2026SCHEDULE 13D/A EDGAR
- Aug 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 30, 202620-F ANNUAL REPORT EDGAR
- Jul 10, 20266-K CURRENT REPORT EDGAR
- Mar 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 20, 20263 PRIMARY DOCUMENT EDGAR
- Mar 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
- Mar 16, 20263 PRIMARY DOCUMENT EDGAR
The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Fung & Tun LtdSCHEDULE 13D/A, 2 filings Jan 30, 2026 to Aug 27, 202614
SEC filer profile
How Masonglory Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMasonglory Ltd1
- CIK0002020228
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Industry code (SIC)1700 Construction - Special Trade Contractors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressRoom 9, 25/F., Cre Centre, 889 Cheung Sha Wan Road, Kowloon, Hong Kong, K3 0001
- Phone852 2114 34241
- Shares outstanding16,957,000 shares as of Mar 31, 20264
- AuditorJ&S ASSOCIATE PLT, Kuala Lumpur, Malaysia PCAOB ID 6743; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 26, 20241
- Filings55 in all: 6-K (13), 3 (8), F-1/A (6), CORRESP (4), UPLOAD (4), FWP (3), 20-F (2), DRS/A (2)1
All 20 form types
DRSLTR (2), 144 (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (20-F) Jul 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, par value US$0.0001 per share | MSGY | Nasdaq |
From the cover page of the 20-F filed Jul 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARMasonglory Ltd filings on SEC EDGAR
- 2SEC EDGARMasonglory Ltd 10-K for fiscal 2026
- 3SEC EDGARMasonglory Ltd filings on SEC EDGAR
- 4
- 5SEC EDGARMasonglory Ltd 10-K for fiscal 2023
- 6SEC EDGARTsz Tun Tse, Chief executive officer
- 7SEC EDGARShing Fung Tse, Chair
- 8
- 9SEC EDGARKa Shun Lam, Project Manager
- 10SEC EDGARPo Yuen Lui, Board member
- 11SEC EDGARShing Yan Cheng, Board member
- 12SEC EDGARWing Wa Man, Board member
- 13SEC EDGARJinyu Xie, Board member
- 14