$ONEG

OneConstruction Group Ltd

CIK:0002030834|SEC Filings

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenue	$ 49,358	$ 53,205	$ 63,463
Cost of revenue	(56,475)	(49,289)	(59,020)
Gross (loss) profit	(7,117)	3,916	4,443
Other income	480	12	13
Allowance for credit loss on accounts receivable and contract assets	(892)	(13)	(1,347)
Administrative expenses	(3,617)	(2,227)	(877)
Share based compensation expenses	(1,487)
(Loss) profit from operations	(12,633)	1,688	2,232
Finance costs	(392)	(549)	(322)
(Loss) profit before taxation	(13,025)	1,139	1,910
Income tax expense	(186)	(241)	(141)
Net (loss) income	(13,211)	898	1,769
Other comprehensive (expense) income
Exchange difference on translation of foreign operations	(113)	44	28
Total comprehensive (expense) income attributable to shareholders	$ (13,324)	$ 942	$ 1,797
Net (loss) income per share attributable to shareholders
Basic (in Dollars per share)	$ (84)	$ 8	$ 16
Diluted (in Dollars per share)	$ (84)	$ 8	$ 16
Weighted average number of ordinary shares used in computing net (loss) income per share
Basic (in Shares)	15,720,548	11,686,301	11,250,000
Diluted (in Shares)	15,720,548	11,686,301	11,250,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (13,211)	$ 898	$ 1,769
Adjustments for:
Income tax expense	186	241	141
Non-cash interest expense	371	435	312
Allowance for credit loss on accounts receivable and contract assets	892	13	1,347
Depreciation of property and equipment	59	4	3
Non-cash lease expense	480
Share based compensation expenses	1,487
Changes in operating assets and liabilities
Change in inventories		231	(233)
Change in accounts receivable	7,096	3,684	(9,372)
Change in deposits, prepayments and other receivables and prepayment of equipment	(113)	(414)	3,994
Change in contract assets	5,282	(9,964)	(6,906)
Change in accounts payable	(998)	3,777	1,361
Change in accruals and other payables	977	(1,008)	1,908
Change in lease liabilities	(392)
Change in amounts due to a related company			2
Change in amounts due from (to) a shareholder	7	2
Change in contract liabilities	(341)	(3,031)	(53)
Net cash generated from (used in) operations	1,782	(5,132)	(5,727)
Income taxes paid (net of refunds)		18	(1,235)
Net cash flow generated from (used in) operating activities	1,782	(5,114)	(6,962)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(490)	(3)	(7)
Government grant received in respect of machinery acquired	235
Net cash flow used in investing activities	(255)	(3)	(7)
CASH FLOWS FROM FINANCING ACTIVITIES
Drawdown of bank borrowings		6,913	2,317
Repayment of bank borrowings		(9,218)
Drawdown of other borrowings	2,437	4,257
Repayment of other borrowings	(3,624)	(2,164)
Proceeds from loan due to a related company, net			4,885
Proceeds (repayment) from loan due to a shareholder, net	603	(1,048)
Proceeds from issuance of common stock, net of issuance costs		5,570
Net cash flow (used in) generated from financing activities	(584)	4,310	7,202
Net increase (decrease) in cash and cash equivalents	943	(807)	233
Cash and Cash equivalents at beginning of the year	749	1,613	1,258
Supplemental cash flow information:
Cash received for interest	1	4	8
Cash paid for interest	(21)	(114)	(10)
Net interest paid	(20)	(110)	(2)
Supplemental disclosure of non-cash financing activities:
Interest expense on loan due to a related company			312
Interest expense on loan due to a shareholder	298	351
Interest expense on other borrowings	73	84
Non-cash interest expense	371	435	312
Effect of foreign exchange	2	(57)	122
Cash and Cash equivalents at end of the year	$ 1,694	$ 749	$ 1,613

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current assets:
Accounts receivable, net	$ 15,553	$ 22,934
Prepayment of equipment		209
Deposits, prepayment and other receivables	329	218
Contract assets	18,699	24,969
Cash and cash equivalents	1,694	749
Total current assets	36,275	49,079
Non-current assets:
Property and equipment	414	11
Right-of-use assets, operating leases	211	567
Deferred tax assets		188
Total non-current assets	625	766
Total assets	36,900	49,845
LIABILITIES AND EQUITY
Accounts payable	9,275	10,350
Accruals and other payables	3,496	2,351
Amount due to a shareholder	9	2
Contract liabilities	283	630
Operating lease liabilities	211	373
Bank and other borrowings	913	2,117
Current income tax liabilities	120	121
Total current liabilities	14,307	15,944
Non-current liabilities:
Operating lease liabilities		193
Loan due to a shareholder	22,310	21,567
Total non-current liabilities	22,310	21,760
Shareholders’ equity:
Ordinary shares, par value US$0.0001, 500,000,000 shares authorized, 16,000,000 and 13,000,000 ordinary shares issued and outstanding as of March 31, 2026 and 2025 respectively	2	1
Additional paid-in capital	7,035	5,570
(Accumulated loss) Retained earnings	(6,714)	6,497
Exchange reserve	(40)	73
Total shareholders’ equity	283	12,141
Total liabilities and equity	$ 36,900	$ 49,845