<![CDATA[Micro, Small, and Medium Enterprises (MSMEs) contribute significantly to regional economic development, yet their sustainability is often constrained by financial resource management challenges. This study aims to examine the effect of working capital on MSME income, analyze the effect of production costs on MSME income, and investigate the moderating role of production costs in the relationship between working capital and MSME income in Majene Regency. This study employs a quantitative approach using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings indicate that working capital has a positive and significant effect on MSME income. Production costs also show a positive and significant relationship with MSME income, indicating that production expenditure can support business performance when managed productively. However, the interaction effect between working capital and production costs is not significant, suggesting that production costs do not strengthen or weaken the relationship between working capital and MSME income. This study contributes to MSME financial management literature by highlighting that the effectiveness of working capital depends not only on fund availability but also on efficient resource allocation.]]>
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