$JEM

707 Cayman Holdings Ltd.

CIK:0002018222|SEC Filings

Consolidated Statements of Operations

12 Months Ended

Sep. 30, 2025

USD ($)

$ / shares

Sep. 30, 2025

HKD ($)

$ / shares

Sep. 30, 2024

HKD ($)

$ / shares

Sep. 30, 2023

HKD ($)

$ / shares

Revenues, net

Total revenues, net

$ 13,739,958

$ 106,909,244

$ 87,679,104

$ 83,996,443

Cost of revenue

(11,001,448)

(85,601,168)

(62,143,414)

(66,496,755)

Gross profit

2,738,510

21,308,076

25,535,690

17,499,688

Operating expenses:

Share-based compensation

(5,600,000)

(43,900,000)

Personnel and benefit costs

(872,431)

(6,788,297)

(7,115,663)

(4,899,068)

General and administrative expenses

(1,137,064)

(8,847,385)

(7,543,938)

(2,389,880)

Total operating expenses

(7,886,673)

(61,365,413)

(16,117,827)

(9,876,492)

Income (loss) from operations

(5,148,163)

(40,057,337)

9,417,863

7,623,196

Other income (expense):

Interest income

34,221

266,271

30,451

914

Interest expense

(34,157)

(265,775)

(456,597)

(55,363)

Government subsidies

4,800

Sundry income

43,523

338,652

33,206

Total other (expenses) incomes, net

43,587

339,148

(392,940)

(49,649)

Income (loss) before income taxes

(5,104,576)

(39,718,189)

9,024,923

7,573,547

Income tax expense

(157,990)

(1,229,303)

(1,563,477)

(1,012,496)

NET INCOME (LOSS)

$ (5,262,566)

$ (40,947,492)

$ 7,461,446

$ 6,561,051

Weighted average number of ordinary shares:

Weighted average number of ordinary shares - basic

^[1]

22,004,808

20,200,000

Weighted average number of ordinary shares - diluted

^[1]

22,004,808

20,200,000

EARNINGS (LOSS) PER SHARE – BASIC AND DILUTED

Earnings (loss) per share - basic | (per share)

$ (0.24)

$ (1.86)

$ 0.37

$ 0.32

Earnings (loss) per share - diluted | (per share)

$ (0.24)

$ (1.86)

$ 0.37

$ 0.32

External Customers [Member]

Revenues, net

Total revenues, net

$ 13,610,241

$ 105,899,932

$ 86,757,848

$ 83,130,627

Related Party [Member]

Revenues, net

Total revenues, net

129,717

1,009,312

921,256

865,816

Operating expenses:

Sales and distribution expenses

(680,000)

(2,040,000)

Third Parties [Member]

Operating expenses:

Sales and distribution expenses

$ (229,515)

$ (1,785,831)

$ (778,226)

$ (547,544)

[1]	The share amounts and per share data are presented on a retroactive basis, giving effect to the effectiveness of Group Reorganization and Share Redesignation (see Note 1).

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Sep. 30, 2025 USD ($)	Sep. 30, 2025 HKD ($)	Sep. 30, 2024 HKD ($)	Sep. 30, 2023 HKD ($)
Cash flows from operating activities:
Net income (loss)	$ (5,262,566)	$ (40,947,492)	$ 7,461,446	$ 6,561,051
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Allowance for (reversal of) expected credit losses	(221)	(1,716)	55,341
Allowance for inventory obsolescence	6,629	51,579
Defined benefit cost	1,149	8,938	(33,206)	52,769
Depreciation of plant and equipment	36,168	281,419	300,575	177,715
Non-cash lease expense	483,294	3,760,461	3,687,878	390,444
Share-based compensation	5,600,000	43,900,000
Change in operating assets and liabilities:
Accounts receivable	(2,264,108)	(17,616,796)	367,944	(6,561,050)
Inventories	107	833	(103,991)
Deposits and other receivables	(29,034)	(225,910)	(11,124)	(108,436)
Prepayments	(705,339)	(5,488,176)	603,110	(1,021,330)
Accounts payable	1,599,472	12,445,333	(8,254,989)	3,415,642
Bills payable			(730,353)	730,353
Customer deposits	(52,776)	(410,642)	(362,180)	(1,012,555)
Accrued liabilities and other payables	(92,805)	(722,111)	1,430,093	406,075
Amounts due from related parties			406,566	(3,403,178)
Lease liabilities	(509,422)	(3,963,760)	(3,446,780)	(140,000)
Income tax payable	(192,366)	(1,496,781)	1,563,477	1,012,496
Net cash provided by (used in) operating activities	(1,300,000)	(10,400,000)	2,933,807	499,996
Cash flows from investing activities:
Purchase of plant and equipment	(1,851)	(14,400)	(50,133)	(855,588)
Net cash used in investing activities	(1,851)	(14,400)	(50,133)	(855,588)
Cash flows from financing activities:
Dividends paid			(2,690,000)
Payment of offering costs	(1,729,388)	(13,456,197)	(3,719,760)
Proceeds from share subscription	19,371	150,720
Proceeds from initial public offerings	7,017,183	54,600,000
Advance to a shareholder	(652,700)	(5,078,600)		(3,000,000)
Repayment from a shareholder	190,466	1,482,000	3,596,600
Net cash (used in) provided by financing activities	4,844,932	37,697,923	(2,813,160)	(3,000,000)
Net change in cash and cash equivalent	3,508,926	27,302,602	70,514	(3,355,592)
BEGINNING OF YEAR	1,647,701	12,820,596	12,750,082	16,105,674
END OF YEAR	5,156,627	40,123,198	12,820,596	12,750,082
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	350,356	2,726,084
Cash paid for interest	1,869	14,540	14,519
Non-cash investing and financing activities:
Special dividends to the shareholder offset against amount due from the shareholder				$ 3,000,000

Consolidated Balance Sheets

Sep. 30, 2025

USD ($)

Sep. 30, 2025

HKD ($)

Sep. 30, 2024

HKD ($)

Current assets:

Cash and cash equivalents

$ 5,156,627

$ 40,123,198

$ 12,820,596

Inventories, net

6,629

51,579

103,991

Deferred offering costs

3,719,760

Prepayments, current portion

652,437

5,076,546

953,370

Deposit and other receivables

137,893

1,072,934

124,560

Total current assets

9,175,728

71,395,420

25,174,928

Non-current assets:

Long-term prepayments, net of current portion

175,430

1,365,000

Plant and equipment, net

43,122

335,531

602,550

Right-of-use assets, net

474,296

3,690,451

6,156,518

Rental deposit

17,993

140,000

862,464

Total non-current assets

710,841

5,530,982

7,621,532

TOTAL ASSETS

9,886,569

76,926,402

32,796,460

Current liabilities:

Accounts payable

2,448,156

19,048,856

6,603,523

Customer deposits

1,350

10,504

421,146

Accrued liabilities and other payables

209,434

1,629,581

2,351,692

Amount due to a shareholder

277

2,150

3,598,750

Current portion of lease liabilities

439,974

3,423,397

3,415,438

Income tax payable

160,519

1,248,986

2,745,767

Total current liabilities

3,259,710

25,363,474

19,136,316

Long-term liabilities:

Lease liabilities

71,367

555,297

3,232,622

Other long-term liabilities

3,663

28,501

19,563

Total long-term liabilities

75,030

583,798

3,252,185

TOTAL LIABILITIES

3,334,740

25,947,272

22,388,501

Commitments and contingencies

Shareholders’ equity:

Subscription receivables

(150,720)

Additional paid-in capital

21,746,526

169,207,544

Deferred compensation

(11,295,326)

(87,887,800)

Retained earnings (accumulated deficits)

(3,925,945)

(30,547,383)

10,400,109

Total shareholders' equity

6,551,829

50,979,130

10,407,959

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

9,886,569

76,926,402

32,796,460

Common Class A [Member]

Shareholders’ equity:

Ordinary Share

^[1]

18,699

145,492

97,293

Common Class B [Member]

Shareholders’ equity:

Ordinary Share

7,875

^[1]

61,277

^[1]

Third Parties [Member]

Current assets:

Accounts receivable, net

3,200,368

24,901,744

7,355,202

Related Party [Member]

Current assets:

Accounts receivable, net

$ 21,774

$ 169,419

$ 97,449

[1]	The share amounts are presented on a retroactive basis, giving effect to the effectiveness of Group Reorganization and Share Redesignation (see Note 1).