| For the years ended March 31, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| $’000 | $’000 | $’000 | ||||||||||
| Revenues | ||||||||||||
| Securities brokerage commissions and handling income | 51 | 74 | 1,844 | |||||||||
| Investment advisory fees | 2,860 | 2,515 | 728 | |||||||||
| Corporate consultancy service income | 120 | 951 | - | |||||||||
| Asset management income - related parties | 871 | 389 | 333 | |||||||||
| Interest income | 128 | 27 | 351 | |||||||||
| Referral income | 261 | 497 | - | |||||||||
| Total revenues | 4,291 | 4,453 | 3,256 | |||||||||
| Expenses | ||||||||||||
| Marketing and promotion expenses | 927 | 329 | 51 | |||||||||
| Marketing and promotion expenses - related parties | - | 115 | 652 | |||||||||
| Commission and handling expenses | 15 | 7 | 1,370 | |||||||||
| Professional fee | 774 | 371 | 199 | |||||||||
| Information technology expenses | 383 | 439 | 332 | |||||||||
| Office expenses | 342 | 227 | 231 | |||||||||
| Allowance for expected credit losses | 854 | 18 | 99 | |||||||||
| Employee benefits expenses | 5,043 | 1,289 | 944 | |||||||||
| Interest expenses | - | - | 229 | |||||||||
| Share of results of an associate | 3 | - | - | |||||||||
| Other general and administrative expenses | 383 | 370 | 325 | |||||||||
| Total expenses | 8,724 | 3,165 | 4,432 | |||||||||
| Other income | ||||||||||||
| Interest income | 29 | - | 1 | |||||||||
| Other income | 3 | 61 | 196 | |||||||||
| Total other income | 32 | 61 | 197 | |||||||||
| (Loss) income before income tax expense | (4,401) | 1,349 | (979) | |||||||||
| Income tax expense | 155 | - | - | |||||||||
| Net (loss) income | (4,556) | 1,349 | (979) | |||||||||
| Other comprehensive (loss) income | ||||||||||||
| Foreign currency translation adjustment | 16 | (8) | (5) | |||||||||
| Total comprehensive (loss) income | (4,540) | 1,341 | (984) | |||||||||
| Basic and diluted net (loss) income per share* | (0.33) | 0.11 | (0.09) | |||||||||
| Weighted average number of shares outstanding - basic and diluted* | 13,724,658 | 12,000,000 | 10,364,300 | |||||||||
| Securities related services segment | Investment advisory services segment | Asset management services segment | Corporate consultancy services segment | Corporate | Total | |||||||||||||||||||
| $’000 | $’000 | $’000 | $’000 | $’000 | $’000 | |||||||||||||||||||
| Revenues - excluding interest income | 312 | 2,860 | 871 | 120 | - | 4,163 | ||||||||||||||||||
| Revenues - interest income | 128 | - | - | - | - | 128 | ||||||||||||||||||
| Total revenues | 440 | 2,860 | 871 | 120 | - | 4,291 | ||||||||||||||||||
| Commission and handling expenses | (15) | - | - | - | - | (15) | ||||||||||||||||||
| General and administrative expenses | (387) | - | 52 | - | (1,517) | (1,852) | ||||||||||||||||||
| Marketing and promotion expenses | - | - | - | - | (927) | (927) | ||||||||||||||||||
| Allowance for expected credit losses | (364) | (21) | (59) | - | (410) | (854) | ||||||||||||||||||
| Depreciation of property and equipment | - | - | - | - | (23) | (23) | ||||||||||||||||||
| Amortization of intangible assets | - | - | - | - | (7) | (7) | ||||||||||||||||||
| Employee benefits expenses | - | - | - | - | (5,043) | (5,043) | ||||||||||||||||||
| Share of results of an associate | - | - | - | - | (3) | (3) | ||||||||||||||||||
| Total expenses | (766) | (21) | (7) | - | (7,930) | (8,724) | ||||||||||||||||||
| Interest income | - | - | - | - | 29 | 29 | ||||||||||||||||||
| Other income | - | - | - | - | 3 | 3 | ||||||||||||||||||
| Total other income | - | - | - | - | 32 | 32 | ||||||||||||||||||
| (Loss) income before income tax expense | (326) | 2,839 | 864 | 120 | (7,898) | (4,401) | ||||||||||||||||||
| Total assets | 7,851 | 619 | 246 | - | 6,685 | 15,401 | ||||||||||||||||||
| Total liabilities | (5,136) | - | - | - | (1,341) | (6,477) | ||||||||||||||||||
| Net assets (liabilities) | 2,715 | 619 | 246 | - | 5,344 | 8,924 | ||||||||||||||||||
| For the years ended March 31, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| $’000 | $’000 | $’000 | ||||||||||
| Salaries and other short term employee benefits | 518 | 706 | 255 | |||||||||
| Payments to defined contribution pension schemes | 12 | 11 | 7 | |||||||||
| Total | 530 | 717 | 262 | |||||||||
| For the years ended March 31, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| $’000 | $’000 | $’000 | ||||||||||
| Salaries and other short term employee benefits | 1,195 | 1,258 | 915 | |||||||||
| Payments to defined contribution pension schemes | 38 | 31 | 29 | |||||||||
| Share based compensations | 3,810 | - | - | |||||||||
| Total | 5,043 | 1,289 | 944 | |||||||||
| Year Ended March 31 | Increase (Decrease) For Year Ended March 31 | |||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2024 and 2023 | 2023 and 2022 | ||||||||||||||||||||||||
| $’000 | $’000 | $’000 | $’000 | % | $’000 | % | ||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||||
| Securities brokerage commissions and handling income | 51 | 74 | 1,844 | (23) | (31 | )% | (1,770) | (96 | )% | |||||||||||||||||||
| Investment advisory fees | 2,860 | 2,515 | 728 | 345 | 14 | % | 1,787 | 245 | % | |||||||||||||||||||
| Corporate consultancy service income | 120 | 951 | - | (831) | (87 | )% | 951 | 100 | % | |||||||||||||||||||
| Asset Management income - related parties | 871 | 389 | 333 | 482 | 124 | % | 56 | 17 | % | |||||||||||||||||||
| Interest income | 128 | 27 | 351 | 101 | 374 | % | (324) | (92 | )% | |||||||||||||||||||
| Referral income | 261 | 497 | - | (236) | (47 | )% | 497 | 100 | % | |||||||||||||||||||
| Total revenues | 4,291 | 4,453 | 3,256 | (162) | (4 | )% | 1,197 | 37 | % | |||||||||||||||||||
| Expenses | ||||||||||||||||||||||||||||
| Marketing and promotion expense | 927 | 444 | 703 | 483 | 109 | % | (259) | (37 | )% | |||||||||||||||||||
| Commission and handling expenses | 15 | 7 | 1,370 | 8 | 114 | % | (1,363) | (99 | )% | |||||||||||||||||||
| Professional fee | 774 | 371 | 199 | 403 | 109 | % | 172 | 86 | % | |||||||||||||||||||
| Information technology expenses | 383 | 439 | 332 | (56) | (13 | )% | 107 | 32 | % | |||||||||||||||||||
| Office expenses | 342 | 227 | 231 | 115 | 51 | % | (4) | (2 | )% | |||||||||||||||||||
| Allowance for expected credit losses | 854 | 18 | 99 | 836 | 4,644 | % | (81) | (82 | )% | |||||||||||||||||||
| Employee benefits expenses | 5,043 | 1,289 | 944 | 3,754 | 291 | % | 345 | 37 | % | |||||||||||||||||||
| Interest expenses | - | - | 229 | - | - | (229) | (100 | )% | ||||||||||||||||||||
| Share of results of an associate | 3 | - | - | 3 | 100 | % | - | - | ||||||||||||||||||||
| Other general and administrative expenses | 383 | 370 | 325 | 13 | 4 | % | 45 | 14 | % | |||||||||||||||||||
| Total expenses | 8,724 | 3,165 | 4,432 | 5,559 | 176 | % | (1,267) | (29 | )% | |||||||||||||||||||
| (Loss) Income from operations | (4,433) | 1,288 | (1,176) | (5,721) | (444 | )% | 2,464 | 210 | % | |||||||||||||||||||
| Other income | ||||||||||||||||||||||||||||
| Interest income | 29 | - | 1 | 29 | 100 | % | (1) | (100 | )% | |||||||||||||||||||
| Other income | 3 | 61 | 196 | (58) | (95 | )% | (135) | (69 | )% | |||||||||||||||||||
| Total other income | 32 | 61 | 197 | (29) | (48 | )% | (136) | (69 | )% | |||||||||||||||||||
| (Loss) Income before income tax expense | (4,401) | 1,349 | (979) | (5,750) | (426 | )% | 2,328 | 238 | % | |||||||||||||||||||
| Income tax expense | 155 | - | - | 155 | 100 | % | - | - | ||||||||||||||||||||
| Net (loss) income | (4,556) | 1,349 | (979) | (5,905) | (438 | )% | 2,328 | 238 | % | |||||||||||||||||||
| Other comprehensive loss | ||||||||||||||||||||||||||||
| Foreign currency translation adjustment | 16 | (8) | (5) | 24 | 300 | % | (3) | (60 | )% | |||||||||||||||||||
| Total comprehensive (loss) income | (4,540) | 1,341 | (984) | (5,881) | (439 | )% | 2,325 | 236 | % | |||||||||||||||||||
| Basic and diluted net (loss) income per share | (0.33) | 0.11 | (0.09) | (0.44) | (400 | )% | 0.20 | 222 | % | |||||||||||||||||||
| Weighted average number of shares outstanding - basic and diluted | 13,724,658 | 12,000,000 | 10,364,300 | 1,724,658 | 14 | % | 1,635,700 | 16 | % | |||||||||||||||||||
