Medinotec Inc. (MDNC) Return on equity 2023–2026
Medinotec Inc. (MDNC) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
13.9%FY2026 · since FY2023: -13.8% → 13.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 13.9% | -36.7 pp |
| FY2025 | 50.6% | +69.2 pp |
| FY2024 | -18.7% | -4.9 pp |
| FY2023 | -13.8% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice