Masonglory Files Beta Acquisition Financials: $21.9M Target Revenue, $3.9M Goodwill
MSGY sits 43% above its 52-week low of $1.73.
Summary
Masonglory filed the audited and interim financials plus pro forma numbers for its 20% Beta stake, first revealing the target's $21.9M FY2025 revenue, $3.9M of goodwill and a combined pro forma net loss of $8.3M.
Key Events · M&A and Partnerships · MSGY
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Beta Financials Disclosed for First Time
Beta Beteiligungs und Besitz GmbH reported FY2025 revenue of $21,877,789 and a net loss of $335,502; H1 2026 revenue was $13,078,143 with net income of $102,036.
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Deal Priced at $4.7M With $3.9M Goodwill
Total consideration was $4,723,110, settled with 1,377,000 Class A shares valued at $0.343 each; the purchase price allocation leaves $3,922,136 of goodwill, plus $439,130 of estimated transaction costs.
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Pro Forma Still Deeply Lossmaking
Combined pro forma revenue for the year ended March 31, 2026 is $36,633,982 against a pro forma net loss of $8,311,824, or $(0.56) per share on 15,730,540 weighted average shares.
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Target Carries Heavy Liabilities
Beta's June 30, 2026 balance sheet shows $15,509,276 of assets against $15,158,302 of liabilities, including a $2,166,746 bank overdraft and $4,003,562 of contract liabilities.
Analysis · MSGY · Real Estate & Construction
Masonglory's 20% stake in Austrian hot-tub distributor Beta closed in August for 1,377,000 Class A shares, but until now investors had no numbers for what was bought. The target generated $21.9M of revenue in FY2025 against a small $335,502 net loss, and $13.1M of revenue with $102,036 of net income in the first half of 2026 — a business roughly the size of Masonglory's own top line. The deal adds $3.9M of goodwill to a company whose own annual report carried a going-concern warning and an $8M net loss, and the pro forma combined entity still loses $8.3M on $36.6M of revenue. Beta also arrives with $15.2M of liabilities against $15.5M of assets, including a $2.2M bank overdraft and $4.0M of customer deposits, so the consolidation adds leverage as well as revenue.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1539 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSGY was trading at $2.47 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $10.3M. The 52-week trading range was $1.73 to $52.80. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.