$MAMK

MaxsMaking Inc.

CIK:0002008007|SEC Filings

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Oct. 31, 2025	Oct. 31, 2024	Oct. 31, 2023
Revenues	$ 29,220,846	$ 21,434,100	$ 26,260,268
Cost of revenues	(26,605,003)	(17,463,856)	(22,048,972)
Gross profit	2,615,843	3,970,244	4,211,296
Operating expenses:
Sales and marketing expenses	(462,285)	(606,352)	(490,221)
General and administrative expenses	(1,399,356)	(600,660)	(571,407)
Research and development expenses	(650,629)	(559,048)	(740,800)
Total operating expenses	(2,512,270)	(1,766,060)	(1,802,428)
Income from operations	103,573	2,204,184	2,408,868
Other (expenses) income, net
Interest expenses	(159,166)	(151,335)	(69,572)
Interest income	223	548	1,158
Other income	85,113	95,767	87,399
Exchange gain (loss)	72,406	17,344	(2,106)
Other expenses	(16,593)	(16,839)	(140,029)
Income before income tax provision	85,556	2,149,669	2,285,718
Income tax expense	(67,434)	(269,003)	(307,441)
Net income	18,122	1,880,666	1,978,277
Less: Net income attributable to non-controlling interest	16,096	67,496	69,006
Net income attributable to MaxsMaking Inc.	2,026	1,813,170	1,909,271
Other comprehensive income
Foreign currency translation adjustment	52,666	36,714	(39,443)
Comprehensive income	70,788	1,917,380	1,938,834
Less: comprehensive income (loss) attributable to non-controlling interests	832	(839)	(7,775)
Comprehensive (loss) income attributable to MaxsMaking Inc.	$ 69,956	$ 1,918,219	$ 1,946,609
Class A Ordinary Shares
Other comprehensive income
Weighted Average Shares Outstanding – Basic (in Shares)	8,092,857	7,575,000	7,575,000
Weighted Average Shares Outstanding – Diluted (in Shares)	8,092,857	7,575,000	7,575,000
Earnings per Share – basic (in Dollars per share)	$ 0	$ 0.25	$ 0.26
Earnings per Share – diluted (in Dollars per share)	$ 0	$ 0.25	$ 0.26
Class B Ordinary Shares
Other comprehensive income
Weighted Average Shares Outstanding – Basic (in Shares)	7,425,000	7,425,000	7,425,000
Weighted Average Shares Outstanding – Diluted (in Shares)	7,425,000	7,425,000	7,425,000
Earnings per Share – basic (in Dollars per share)	$ 0	$ 0.25	$ 0.27
Earnings per Share – diluted (in Dollars per share)	$ 0	$ 0.25	$ 0.27

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Oct. 31, 2025	Oct. 31, 2024	Oct. 31, 2023
Cash Flows from Operating Activities:
Net income	$ 18,122	$ 1,880,666	$ 1,978,277
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of plant and equipment	30,573	28,548	22,638
Allowance (Reversal of allowance) for expected credit loss of accounts receivable	173,564	17,064	(23,422)
Amortization of right-of-use assets	138,080	179,858	189,311
Amortization of intangible assets	1,014	1,021	1,032
Accounts receivable	(3,791,371)	168,688	1,895,868
Inventories	(3,817,383)	(412,235)	56,562
Other receivables and other current assets	2,240,000	(4,142,973)	(1,397,468)
Amount due from related party	(36,433)	422	(426)
Deferred tax assets	(41,284)	(19,841)	(2,575)
Operating lease-right of use assets	(122,830)	(45,928)
Deferred offering cost	(332,851)	(905,452)	(273,346)
Other non-current assets		196,834	178,786
Accounts payable	1,091,381	1,094,933	(4,279,114)
Income tax payable	87,446	283,245	87,502
Contract liability	134,680	(328,693)	164,529
Other payables and accrued liabilities	(928,045)	13,537	(100,599)
Lease liabilities	22,604	(327,396)	(167,614)
Amount due to related party	(153,012)	(720,729)	1,070,112
Net cash used in operating activities	(5,285,745)	(3,038,431)	(599,947)
Cash Flows from Investing Activities:
Purchases of plant and equipment	(56,877)	(18,514)	(73,646)
Collection from loans to third parties			810,250
Net cash (used in)generated by investing activities	(56,877)	(18,514)	736,604
Cash Flows from Financing Activities:
Proceeds from issuance of A Shares upon the completion of IPO	5,594,926
Capital contributions		787,266
Proceeds from third party loans	184,559	260,101	71,055
Proceeds from bank borrowings	3,036,036	4,611,529	1,406,889
Repayments of third party loans	(325,058)	(745,156)
Repayment of bank borrowings	(3,191,570)	(1,813,680)	(1,806,122)
Net cash provided by(used in) financing activities	5,298,893	3,100,060	(328,178)
Effect of Exchange Rate Changes on Cash	(10,126)	971	3,715
Net (Decrease) Increase in cash	(53,855)	44,086	(187,806)
Cash, Beginning of Year	176,236	132,150	319,956
Cash, End of Year	122,381	176,236	132,150
Supplemental disclosure of cash flow information:
Cash paid for income tax	21,273	5,598	222,026
Cash paid for interest	155,572	151,335	69,572
Supplemental disclosure of cash flow information:
Right-of-use assets obtained in exchange for operating lease obligation	$ 177,415	$ 66,419	$ 18,639

Consolidated Balance Sheets - USD ($)	Oct. 31, 2025	Oct. 31, 2024
Current Assets
Cash	$ 122,381	$ 176,236
Accounts receivable, net	9,877,030	6,188,992
Inventories	6,504,761	2,633,615
Other receivables and other current assets	5,003,667	7,452,317
Total current assets	21,544,654	16,451,160
Non-Current Assets
Plant and equipment, net	153,271	119,125
Intangible assets, net	6,447	7,433
Right-of-use assets, net	71,482	86,441
Deferred tax assets	66,383	24,538
Deferred offering cost		986,206
Total non-current assets	297,583	1,223,743
Total Assets	21,842,237	17,674,903
Current Liabilities
Short-term loans	1,954,007	2,785,965
Accounts payable	3,243,451	2,127,623
Contract liability	449,306	512,859
Income tax payable	952,041	859,194
Other payables and accrued liabilities	259,345	867,249
Lease liabilities-current	13,145	47,895
Current portion of long-term loan	22,573
Total current liabilities	6,893,868	7,350,542
Non-Current Liabilities
Lease liabilities-non current	57,841
Non-current portion of long-term loans	2,278,162	2,058,651
Total non-current liabilities	2,336,003	2,058,651
Total liabilities	9,229,871	9,409,193
COMMITMENTS AND CONTINGENCIES (NOTE 17)
Equity
Additional paid-in capital	5,972,110	1,712,492
Statutory surplus reserve	788,123	705,396
Retained earnings	5,726,180	5,806,881
Accumulated other comprehensive loss	(368,876)	(421,542)
Total MaxsMaking Inc.’s Equity	12,283,787	7,953,227
Non-Controlling Interests	328,579	312,483
Total equity	12,612,366	8,265,710
Total Liabilities and Equity	21,842,237	17,674,903
Class A Ordinary Shares
Equity
Ordinary shares value	92,000	75,750
Class B Ordinary Shares
Equity
Ordinary shares value	74,250	74,250
Related Party [Member]
Current Assets
Due from related parties	36,815
Current Liabilities
Due to related parties		$ 149,757