$POAS

PHAOS TECHNOLOGY HOLDINGS (CAYMAN) Ltd

CIK:0002024258|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss

12 Months Ended

Apr. 30, 2026

USD ($)

$ / shares

Apr. 30, 2026

SGD ($)

$ / shares

Apr. 30, 2025

SGD ($)

$ / shares

Apr. 30, 2024

SGD ($)

$ / shares

Income Statement [Abstract]

Revenue

$ 103,694

$ 132,077

$ 167,707

$ 1,882,803

Cost of Goods sold (excluding depreciation shown separately below)

(90,104)

(114,767)

(130,641)

(985,099)

Employee benefits expenses

(2,150,836)

(2,739,571)

(2,462,326)

(1,851,971)

Depreciation expenses

(126,281)

(160,846)

(186,963)

(176,713)

Operating lease expense

(94,074)

(119,823)

(142,670)

(136,781)

Research and Development Expenses

(139,720)

(90,566)

Other operating expenses

(2,606,334)

(3,319,747)

(1,161,663)

(1,144,802)

Impairment of loan to third parties

83,312

106,116

(1,223,608)

Loss from operations

(4,880,623)

(6,216,561)

(5,279,884)

(2,503,129)

Non-operating income:

Other income

53,347

67,949

151,283

186,828

Interest expense

(7,198)

(9,167)

(8,463)

(43,543)

Total non-operating income, net

46,149

58,782

142,820

143,285

Loss before income taxes

(4,834,474)

(6,157,779)

(5,137,064)

(2,359,844)

Income tax expense

Net loss

$ (4,834,474)

(6,157,779)

(5,137,064)

(2,359,844)

Other comprehensive income:

Foreign currency translation adjustment, net of income tax | $

89,837

(1,143)

Total comprehensive loss | $

$ (6,067,942)

$ (5,138,207)

$ (2,359,844)

Weighted average number of outstanding ordinary shares*

Basic | shares

^[1]

12,610,917

10,537,688

9,075,989

Diluted | shares

^[1]

12,610,917

10,537,688

9,075,989

Net loss per share attributable to ordinary shareholders**

Basic | (per share)

$ (0.38)

$ (0.49)

^[2]

$ (0.26)

^[2]

Diluted | (per share)

$ (0.38)

$ (0.49)

^[2]

$ (0.26)

^[2]

[1]	Give retroactive effect to reflect the reorganization on November 2024. See Note 1.
[2]	Basic and diluted net loss per share has been calculated based on the weighted-average number of Class A ordinary shares outstanding during the respective reporting periods. We have evaluated its net loss per share presentation in light of its dual-class capital structure, and the accounting policy applied is described in Note 2, “Summary of Significant Accounting Policies.”

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Apr. 30, 2026 USD ($)	Apr. 30, 2026 SGD ($)	Apr. 30, 2025 SGD ($)	Apr. 30, 2024 SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,834,474)	$ (6,157,779)	$ (5,137,064)	$ (2,359,844)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Allowance for/(Reversal of) allowance for expected credit losses on loan receivables	(83,312)	(106,116)	1,223,608
Provision for inventory obsolescence	2,039	2,597
Property and equipment written off	20,391	25,972		16,929
Gain on disposal of property and equipment	(1,424)	(1,814)
Depreciation	126,281	160,846	186,963	176,713
Operating lease expenses	94,074	119,823	142,670	136,781
Change in operating assets and liabilities:
Account receivables	28,761	36,633	374,205	135,614
Contract assets				18,827
Other current assets	(3,860,635)	(4,917,380)	(75,244)	71,491
Inventories	(185,521)	(236,302)	(122,423)	(36,061)
Accounts payable	160,863	204,895	(199,977)	202,814
Accruals and other payables	25,278	32,197	96,556	198,001
Contract liabilities	41,829	53,279		(33,951)
Operating lease obligations	(94,074)	(119,823)	(142,670)	(136,781)
Net cash used in operating activities	(8,559,924)	(10,902,972)	(3,653,376)	(1,609,467)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(31,183)	(39,719)	(240,212)	(121,318)
Proceeds from disposal of property and equipment	1,570	2,000
Loan to third party			(153,306)	(1,530,982)
Receipt from loan to third party	397,352	506,116	60,680
Net cash (used in)/provided by investing activities	367,739	468,397	(332,838)	(1,652,300)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	157,020	200,000
Repayment of bank loans	(43,662)	(55,613)	(440,455)	(143,483)
Proceeds from share issuance, net	10,856,721	13,828,456	255,195	8,117,201
Loan from major shareholder	596,676	760,000	2,600,000	636,127
Repayment to major shareholder	(2,948,383)	(3,755,423)	(337,330)	(2,865,374)
Deferred offering cost			(272,608)	(224,694)
Net cash provided by financing activities	8,618,372	10,977,420	1,804,802	5,519,777
Translation (loss)/gain	70,531	89,837	(1,143)
Net change in cash and cash equivalents	496,718	632,682	(2,182,555)	2,258,010
Cash and cash equivalents - beginning of year	101,712	129,552	2,312,107	54,097
Cash and cash equivalents - end of year	598,430	762,234	129,552	2,312,107
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for tax
Cash paid for interest	7,198	9,167	8,463	43,543
New shares issued with consideration receivable			$ 37,251	$ 37,251

Consolidated Balance Sheets	Apr. 30, 2026 USD ($)	Apr. 30, 2026 SGD ($)	Apr. 30, 2025 SGD ($)
Current assets
Cash and cash equivalents	$ 598,430	$ 762,234	$ 129,552
Accounts receivable, net	1,375	1,751	38,384
Inventories, net	426,868	543,712	310,007
Loan to third parties			400,000
Deferred offering costs			497,302
Other current assets	3,970,863	5,057,780	140,400
Total current assets	4,997,536	6,365,477	1,515,645
Non-current assets
Property and equipment, net	109,343	139,273	286,558
Right-of-use assets	135,565	172,672	131,845
Total non-current assets	244,908	311,945	418,403
TOTAL ASSETS	5,242,444	6,677,422	1,934,048
Current liabilities
Accounts payable	234,608	298,826	93,931
Accruals and other payables	450,549	573,875	541,678
Bank loans, current	45,782	58,313	55,613
Operating lease liabilities, current	49,003	62,416	109,142
Contract liabilities	41,829	53,279
Total current liabilities	978,791	1,246,709	3,795,787
Non-current liabilities
Bank loans, non-current	15,744	20,053	78,366
Operating lease liabilities, non-current	86,562	110,256	22,703
Total non-current liabilities	102,306	130,309	101,069
TOTAL LIABILITIES	1,081,097	1,377,018	3,896,856
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ (DEFICIT) / EQUITY
Additional paid-in capital	18,504,502	23,569,613	10,239,208
Subscription receivable	(29,246)	(37,251)	(37,251)
Accumulated other comprehensive (loss)/gain	69,634	88,694	(1,143)
Accumulated deficit	(14,386,886)	(18,324,909)	(12,167,130)
Total shareholders’ (deficit) / equity	4,161,347	5,300,404	(1,962,808)
TOTAL LIABILITIES AND EQUITY	5,242,444	6,677,422	1,934,048
Common Class A [Member]
SHAREHOLDERS’ (DEFICIT) / EQUITY
Ordinary shares	1,723	2,194	1,445
Common Class B [Member]
SHAREHOLDERS’ (DEFICIT) / EQUITY
Ordinary shares	1,620	2,063	2,063
Major Shareholders [Member]
Current liabilities
Borrowings			2,995,423
Related Party [Member]
Current liabilities
Borrowings	$ 157,020	$ 200,000