$ALPWF

Alps Group Inc

CIK:0002025774|SEC Filings

Consolidated and Combined Statements of Profit or Loss and Other Comprehensive Income - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Profit or loss [abstract]
Revenue	$ 4,856,320	$ 3,371,037	$ 2,403,552
Cost of sales	(3,298,046)	(2,069,772)	(1,804,622)
Gross profit	1,558,274	1,301,265	598,930
Other operating income	1,331,816	31,282	49,977
Finance income	3,856	123
Distribution expenses	(205,601)	(273,487)	(160,855)
Administrative expenses	(3,497,725)	(2,400,790)	(1,929,680)
Other operating expenses	(1,235,928)	(1,128,526)	(917,524)
Share result of associates	14,449	(10,760)	3,421
Loss from operations	(2,030,859)	(2,480,893)	(2,355,731)
Finance costs	(50,459)	(48,283)	(42,844)
Loss before tax	(2,081,318)	(2,529,176)	(2,398,575)
Income tax expense	(5,137)	(95,562)	7,414
Loss for the financial year	(2,086,455)	(2,624,738)	(2,391,161)
Other comprehensive (loss)/income, net of income tax
Change in fair value of other investment	(76,988)
Foreign currency translation	(182,082)	57,830	(121,298)
Other comprehensive (loss)/income for the financial year	(259,070)	57,830	(121,298)
Total comprehensive loss for the financial year	(2,345,525)	(2,566,908)	(2,512,459)
Loss for the financial year attributable to:
Owners of the Company	(2,008,428)	(2,513,573)	(2,304,026)
Non-controlling interests	(78,027)	(111,165)	(87,135)
Loss for the financial year	(2,086,455)	(2,624,738)	(2,391,161)
Total comprehensive loss for the financial year attributable to:
Owners of the Company	(2,267,498)	(2,455,743)	(2,425,324)
Non-controlling interests	(78,027)	(111,165)	(87,135)
Total comprehensive loss for the financial year	$ (2,345,525)	$ (2,566,908)	$ (2,512,459)
Loss per share - basic	$ (0.02)	$ (0.02)	$ (0.01)
Loss per share - diluted	$ (0.02)	$ (0.02)	$ (0.01)

Consolidated and Combined Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
CASH FLOWS USED IN OPERATING ACTIVITIES
Loss before tax	$ (2,081,318)	$ (2,529,176)	$ (2,398,575)
Changes in working capital:
Amortisation of intangible assets	173,451	163,093	44,807
Amortisation of right-of-use assets	474,871	500,144	403,019
Depreciation of property, plant and equipment	481,173	465,287	455,613
Finance income	(3,856)	(123)
Gain on loan modification	(583,084)
Gain on disposal of other investment			(215)
Interest expenses	50,459	48,283	42,844
Property, plant and equipment written off			14,083
Bad debts written off	7,793
Impairment loss on trade receivables	33,583
Allowance for slow moving inventories	67,558
Loss on disposal of investment in associates	677
Fair value gain on warranty liability	(477,972)
Reversal of impairment loss on investment in associate	(263)
Share of results of associates	(14,449)	10,760	(3,421)
Operating loss before changes in working capital	(1,871,377)	(1,341,732)	(1,441,845)
Inventories	43,866	(192,078)	26,235
Trade receivables	(115,796)	28,488	(55,478)
Other receivables, deposits and prepayments	(102,709)	(60,142)	25,595
Trade payables	(2,160)	145,751	46,342
Other payables and accruals	(510,315)	(77,642)	149,099
Cash Used In Operations	(2,558,491)	(1,497,355)	(1,250,052)
Interest received	3,856	123
Tax paid	(81,953)	(122,030)	(116,691)
Tax refund	60,939	10,477
Net Cash Used In Operating Activities	(2,575,649)	(1,608,785)	(1,366,743)
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisition of associates			(1,492,955)
Advances to associates	(8,077)	(16,290)
Purchase of property, plant and equipment	(56,413)	(83,772)	(221,317)
Net Cash Used In Investing Activities	(64,490)	(100,062)	(1,714,272)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of shares	3,107,731		2,295,012
Advances from directors	165,115	2,361,546	1,451,612
Interest paid	(50,459)	(48,283)	(42,844)
Repayment of hire purchase liabilities		(7,260)	(10,544)
Repayment of lease liabilities	(402,603)	(460,170)	(414,819)
Advances from associates	111,705	20,763	159
Net Cash From Financing Activities	2,931,489	1,866,596	3,278,576
NET INCREASE IN CASH AND CASH EQUIVALENTS	291,350	157,749	197,561
Effect of exchange differences	(2,809)	(299,284)	1,092
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL YEAR	318,932	460,467	261,814
CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL YEAR	$ 607,473	$ 318,932	$ 460,467

Consolidated and Combined Statements of Financial Position - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Non-Current Assets
Property, plant and equipment	$ 2,161,206	$ 2,378,025
Right-of-use assets	533,493	940,155
Intangible assets	616,569	728,313
Other investments	1,664,593
Investment in associates	18,606	1,596,176
Total Non-Current Assets	4,994,467	5,642,669
Current Assets
Inventories	492,877	556,215
Trade receivables	135,187	45,528
Other receivables, deposits and prepayments	423,665	295,015
Amount due from associates	27,393	18,435
Tax recoverable	288,328	256,843
Cash and bank balances	607,473	318,932
Total Current Assets	1,974,923	1,490,968
Total Assets	6,969,390	7,133,637
EQUITY AND LIABILITIES
Share capital	16,640	580
Merger reserves	10,679,360	10,463,980
Accumulated losses	(13,173,667)	(11,165,239)
Fair value reserve	(76,988)
Foreign translation reserve	(369,963)	(187,881)
Equity Attributable to the Owners of the Company	(2,924,618)	(888,560)
Non-controlling interests	(305,383)	(227,356)
Capital Deficiencies	(3,230,001)	(1,115,916)
Non-Current Liabilities
Amount due to directors	4,398,453
Lease liabilities	176,410	738,245
Deferred tax liabilities	22,883	21,561
Warrant liability	125,528
Total Non-Current Liabilities	4,723,274	759,806
Current Liabilities
Trade payables	349,799	321,350
Other payables and accruals	3,455,153	878,421
Amount due to associates	132,468	20,763
Amount due to directors	1,155,835	5,972,257
Lease liabilities	382,862	223,630
Tax liabilities		73,326
Total Current Liabilities	5,476,117	7,489,747
Total Liabilities	10,199,391	8,249,553
Total Equity and Liabilities	$ 6,969,390	$ 7,133,637