$GCDT

Green Circle Decarbonize Technology Ltd

CIK:0001926293|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - HKD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Profit or loss [abstract]
Revenue	$ 25,051,359	$ 16,574,921	$ 5,236,436
Cost of revenue	(20,706,126)	(12,823,515)	(3,791,302)
Gross profit	4,345,233	3,751,406	1,445,134
Administrative expenses	(11,178,915)	(7,668,127)	(7,102,218)
Operating loss	(6,833,682)	(3,916,721)	(5,657,084)
Finance costs	(576,362)	(2,445,201)	(2,512,023)
Other incomes / (losses)	(5,703,229)	379,702	247,167
Loss before tax	(13,113,273)	(5,982,220)	(7,921,940)
Income tax expense
Loss and comprehensive loss for the year	$ (13,113,273)	$ (5,982,220)	$ (7,921,940)
Loss per share - Basic	$ (1.24)	$ (0.60)	$ (0.86)
Loss per share - Diluted	$ (1.24)	$ (0.60)	$ (0.86)
Weighted Average number of common shares - Basic	10,576,712	10,000,000	9,218,579
Weighted Average number of common shares - Diluted	10,576,712	10,000,000	9,218,579

Consolidated Statements of Cash Flows - HKD ($)	12 Months Ended
Consolidated Statements of Cash Flows - HKD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
OPERATING ACTIVITIES
Net loss	$ (13,113,273)	$ (5,982,220)	$ (7,921,940)
Items not affecting cash:
Depreciation of property, plant and equipment	3,526,265	3,467,615	3,576,439
Depreciation of right-of-use assets	221,574	226,017	426,724
Modification/ Addition of ROU Assets	(11,774)
Gain on early termination of lease			(14,882)
Imputed interest income		(4,150)	(5,716)
Interest expense on borrowings	566,564	2,428,580	2,453,849
Interest expense on lease liabilities	9,780	16,621	58,174
Forgiveness of trade payables and accrued expense	(132,286)		(226,000)
Waive of interest payables on other loans	(6,505,995)
Loss from extinguishment liability with equity	12,433,451
Forgiveness of director’s remuneration		1,200,000
Bad debts		481,293
Consulting fee paid in shares	390,000	390,000	85,968
Operating cash flows before movements in working capital	(2,615,694)	2,223,756	(1,567,384)
Decrease (increase) in prepayments and deposits	190,713	(592,495)	(1,733)
(Increase) decrease in trade and other receivables	(3,804,420)	(1,031,614)	45,724
Decrease (increase) in contract fulfilment costs	338,408	(662,929)
(Decrease) increase in trade and other payables	(4,964,958)	440,994	2,882,702
(Decrease) increase in contract liabilities	(4,667,773)	4,667,773
NET CASH (USED IN) GENERATE FROM OPERATING ACTIVITIES	(15,523,724)	5,045,485	1,359,309
CASH USED IN INVESTING ACTIVITY
Payment of property, plant and equipment	(8,579,907)	(1,272,100)
FINANCING ACTIVITIES
Capital raised from initial public offering and exercise of overallotment options	77,466,675
Payment of share issue costs	(6,054,583)
Borrowing raised	5,170,000
Payment of loans from directors	(428,945)	(729,302)	(259,021)
Proceed for loan from directors		843,647	2,394,783
Principal repayments of borrowings	(15,105,872)	(564,320)	(580,730)
Repayment to shareholders	(500,000)
Interest paid on borrowings and overdraft	(1,290,335)	(1,965,903)	(2,585,160)
Interest paid on lease liabilities	(9,780)	(16,621)	(58,174)
Repayment of lease liabilities	(219,420)	(214,979)	(389,426)
NET CASH GENERATED FROM (USED IN) FINANCING ACTIVITIES	59,027,740	(2,647,478)	(1,477,728)
NET INCREASE (DECREASE) IN CASH	34,924,109	1,125,907	(118,419)
CASH AT THE BEGINNING OF THE YEAR	1,384,211	258,304	376,723
CASH AT THE END OF THE YEAR, represented by bank balances and cash	$ 36,308,320	$ 1,384,211	$ 258,304

Consolidated Statements of Financial Position - HKD ($)	Mar. 31, 2026	Mar. 31, 2025
Current assets
Cash and cash equivalent	$ 36,308,320	$ 1,384,211
Prepayments and deposits	833,089	2,289,826
Trade and other receivables	5,448,282	1,643,862
Contract fulfilment costs	324,521	662,929
Deferred listing expenses		1,471,020
Total current assets	42,914,212	7,451,848
Non-current assets
Property, plant and equipment	20,831,152	14,505,410
Right-of-use assets	572,673	169,512
Rental deposit	63,131
Prepayment	694,032	2,356,132
Total non-current assets	22,160,988	17,031,054
Total assets	65,075,200	24,482,902
Current liabilities
Trade and other payables	2,407,049	9,914,613
Contract liabilities		4,667,773
Lease liabilities	194,501	169,581
Amount due to a shareholder	189,922	689,922
Amounts due to directors	392,298	821,243
Bank and other borrowings	6,978,895	29,223,655
Total current liabilities	10,162,665	45,486,787
Non-current liabilities
Lease liabilities	368,621
Total liabilities	10,531,286	45,486,787
Shareholders’ equity (deficit)
Share capital	100,425	78,000
Share premium	92,402,732	5,048,160
Other reserve	12,505,856	11,221,781
Accumulated deficit	(50,465,099)	(37,351,826)
Total Shareholders’ equity (deficit)	54,543,914	(21,003,885)
Total liabilities and shareholders’ equity/deficit	$ 65,075,200	$ 24,482,902