$SDM

Smart Digital Group Ltd

CIK:0002014955|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 37,200,513	$ 21,519,072	$ 9,702,145
Cost of revenue	(33,461,114)	(18,605,537)	(6,491,069)
Gross profit	3,739,399	2,913,535	3,211,076
Operating expenses:
Selling expenses	(391,852)	(83,671)	(81,441)
General and administrative expenses	(6,295,102)	(757,404)	(843,728)
Share-based compensation expenses	(35,000,000)
Total operating expenses	(41,686,954)	(841,075)	(925,169)
Operating (loss) income	(37,947,555)	2,072,460	2,285,907
Other income (expenses):
Other expense	(17,106)	(4,172)	(523)
Other income	3,492
Interest income	2,102	901	50
Interest expense	(7,775)	(17,134)	(20,482)
Exchange gain (loss)	7,277	(933)
Total other expenses, net	(12,010)	(21,338)	(20,955)
(Loss) income before income tax	(37,959,565)	2,051,122	2,264,952
Income tax benefit (expense)	113,936	(354,468)	(271,690)
Net (loss) income	(37,845,629)	1,696,654	1,993,262
Comprehensive (loss) income
Net (loss) income	(37,845,629)	1,696,654	1,993,262
Foreign currency translation adjustments	(30,230)	77,252	3,751
Comprehensive income	$ (37,875,859)	$ 1,773,906	$ 1,997,013
Earnings per share, basic (in Dollars per share)	$ (1.4)	$ 0.07	$ 0.08
Earnings per share, diluted (in Dollars per share)	$ (1.4)	$ 0.07	$ 0.08
Weighted average number of shares (in Shares)	27,095,479	25,000,000	25,000,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net Income (Loss)	$ (37,845,629)	$ 1,696,654	$ 1,993,262
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation of property and equipment	13,088	11,559	8,306
Amortization of right-of-use asset	70,324	109,418	92,582
Allowance for credit losses	4,907,912	50,831	249,708
Reversal of allowance for credit losses	(2,402)	(125,565)
Share-based compensation	35,000,000
Accounts receivable	(1,952,899)	(976,663)	(6,419,900)
Prepayments and other current assets	(1,809,992)	(2,342,270)	80,514
Prepayment to a related party	(2,000,000)
Amount due from related parties		106,674	(89,823)
Right of use assets	(2,460)	44,181	(445,266)
Deferred tax assets	(455,788)	101,122	5,813
Accounts payable	(1,607,402)	740,720	3,546,753
Contract liabilities	(33,925)	(111,109)	(11,289)
Taxes payable	219,011	203,426	399,017
Lease liabilities	(86,956)	(146,214)	361,610
Accrued expenses and other liabilities	32,630	223,464	48,775
Amount due to related party		1,405
Net cash used in operating activities	(5,554,488)	(412,367)	(179,938)
Cash flows from investing activity
Purchase of property and equipment	(43,611)		(38,867)
Net cash used in investing activity	(43,611)		(38,867)
Cash flows from financing activities:
Proceeds from Initial Public Offering	6,900,000
Proceeds from borrowings from related parties			1,416
Payment of deferred offering cost	(1,155,954)	(286,373)
Loans from related parties	301,473	1,091,527	477,532
Repayment of loans to related parties	(254,872)	(501,128)	(237,263)
Net cash provided by financing activities	5,790,647	304,027	241,685
Effect of exchange rate changes on cash held in foreign currencies	1,071	21,535	(43)
Net increase (decrease) in cash	193,619	(86,806)	22,837
Cash and cash equivalents at beginning of the year	57,817	144,623	121,786
Cash and cash equivalents at end of the year	251,436	57,817	144,623
Supplemental disclosures of cash flows information:
Cash paid for income taxes	33,724	15,918
Supplemental disclosures of non-cash flows information:
Reclassification of deferred offering costs to additional paid-in capital	$ 1,443,049		$ 441,968

Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Sep. 30, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 251,436	$ 57,817
Accounts receivable, net	10,603,672	10,213,570
Prepaid expenses and other current assets, net	964,061	2,573,518
Deferred offering costs		287,095
TOTAL CURRENT ASSETS	11,819,169	13,132,000
NON-CURRENT ASSETS:
Right-of-use assets	133,890	271,931
Property and equipment, net	51,689	21,144
Deferred tax assets	557,556	100,006
TOTAL NON-CURRENT ASSETS	2,743,135	393,081
TOTAL ASSETS	14,562,304	13,525,081
CURRENT LIABILITIES:
Accounts payable	3,601,377	5,239,920
Contract liabilities	5,207	39,958
Taxes payable	1,491,232	1,278,441
Lease liabilities	69,319	98,957
Accrued expenses and other liabilities	306,450	275,560
TOTAL CURRENT LIABILITIES	5,529,418	6,942,072
NON-CURRENT LIABILITY:
Lease liabilities	72,542	204,018
TOTAL NON-CURRENT LIABILITY	72,542	204,018
TOTAL LIABILITIES	5,601,960	7,146,090
COMMITMENTS AND CONTINGENCIES (note 11)
SHAREHOLDERS’ EQUITY
Ordinary shares ($0.001 par value, 50,000,000 shares authorized, 31,725,000 and 25,000,000 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively)	31,725	25,000
Additional paid-in capital	40,425,487
Subscription receivables		(25,000)
Statutory reserve	100
(Accumulated deficit) Retained earnings	(31,523,276)	6,322,453
Accumulated other comprehensive income	26,308	56,538
TOTAL SHAREHOLDERS’ EQUITY	8,960,344	6,378,991
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	14,562,304	13,525,081
Related party
NON-CURRENT ASSETS:
Prepayment to a related party	2,000,000
CURRENT LIABILITIES:
Amount due to related parties	$ 55,833	$ 9,236