Latest 20-F annual reports

Lytus Technologies Holdings PTV. Ltd. reported a net income of $829,412 for fiscal year 2025, an increase from the prior year, despite being delisted from Nasdaq and facing significant internal control weaknesses.

Hong Kong Pharma Digital Technology Holdings Limited reported a net loss for the fiscal year ended March 31, 2025, despite an increase in total revenue, primarily due to a disproportionate rise in cost of revenues and increased operating expenses.

Eshallgo Inc. reported a significant net loss of $10.8 million for fiscal year 2025, driven by a 20.6% revenue drop and a 259.6% surge in operating expenses, alongside a Nasdaq minimum bid price non-compliance notice.

Primega Group Holdings Limited reported a substantial net loss for the fiscal year ended March 31, 2025, driven by increased operating expenses and a sharp decline in gross profit margin, despite revenue growth.

Diageo reports modest organic net sales growth in fiscal 2025 amid challenging market conditions, initiating a major efficiency program and announcing key leadership changes.

TOP Financial Group Limited reported a substantial net loss of $6.0 million for the fiscal year ended March 31, 2025, a sharp reversal from previous profits, driven by decreased revenues and increased operational costs.

OKYO Pharma Limited filed an amendment to its annual report to include a new Clawback Policy for executive incentive compensation.

Diginex Limited reported a wider net loss for fiscal year 2025 despite revenue growth, while announcing significant strategic acquisitions and a potential $250 million capital raise.

Infobird Co., Ltd. has filed an amended annual report for 2024, detailing a strategic pivot from its legacy SaaS business to digital advertising through significant acquisitions, while reporting a net loss of $2.1 million for the year.

OneConstruction Group Limited, a Hong Kong-based structural steelwork contractor, reported a significant decline in net income and revenue for the fiscal year ended March 31, 2025, despite completing its initial public offering.

Phoenix Asia Holdings Limited, a Hong Kong-based substructure contractor, reported a 28.1% increase in revenue for fiscal year 2025, reaching $7.37 million, though net income slightly decreased by 2.9% due to higher general and administrative expenses.

UTime Limited reported a substantial increase in net loss to RMB 670.1 million for fiscal year 2025, driven by significant write-downs and share-based compensation, while pivoting towards AI-powered wearable devices and a new pharmaceutical division.

SRIVARU Holding Limited reported a significant increase in net losses to $35.06 million for fiscal year 2025, alongside a 60.63% revenue increase, while facing Nasdaq delisting due to bid price non-compliance.

9F Inc. filed its annual report for the fiscal year ended December 31, 2024, detailing a significant shift in its business focus and financial performance.

Skillful Craftsman Education Technology Limited reported a significant net loss of $7.58 million for fiscal year 2025, alongside a substantial revenue decline and a going concern warning from its auditor, following a strategic pivot and termination of its primary revenue-generating VIE.

Paranovus Entertainment Technology Ltd. filed an amendment to its annual report to update the consent of its independent registered public accounting firm, Enrome LLP.

Skyline Builders Group Holding Limited reported a 5.8% revenue decrease and 21.8% net income decline for fiscal year 2025, despite a successful US$6.9 million IPO and improved gross profit margin.

iOThree Limited filed an amendment to its annual report for fiscal year 2025, including previously omitted financial statements and reporting a net loss of $230,515 for the year.

Dreamland Limited announced a significant revenue increase for fiscal year 2025, driven by a strategic shift towards direct event investments, despite a slight dip in net profit and identified material weaknesses in internal controls.

Antelope Enterprise Holdings Limited filed an amended annual report for 2024, revealing a significant net loss increase to $10.59 million, driven by a strategic pivot to livestreaming e-commerce and planned energy ventures.

Paranovus Entertainment Technology Ltd. reports a net loss of $8.3 million for fiscal year 2025, driven by strategic shifts into AI-powered applications and TikTok e-commerce, alongside significant goodwill and intangible asset impairments.

Linear Minerals Corp. reported a reduced net loss for fiscal year 2025 but faces significant financial challenges, including a substantial accumulated deficit and insufficient working capital, raising material doubts about its ability to continue as a going concern without immediate additional financing.

Rectitude Holdings Ltd, a Singapore-based safety equipment provider, announced a 5.9% increase in revenue to S$43.8 million for fiscal year 2025, but reported a significant 33.3% drop in net profit to S$2.2 million.

Fuxing China Group Limited reported a net loss of US$0.6 million for the fiscal year ended March 31, 2025, a significant decline from the prior year's profit, despite an increase in zipper sales, as overall revenue slightly decreased and general and administrative expenses rose.

Garden Stage Limited, a Hong Kong-based financial services provider, announced a significant increase in total revenues for fiscal year 2025, primarily driven by a surge in introducing and referral income, despite continuing to report substantial net losses.

YSX Tech Co., Ltd. announced a 22% increase in total revenue for fiscal year 2025, reaching $71.45 million, primarily driven by its auto insurance aftermarket services, despite a notable decrease in net income and identified material weaknesses in internal controls.

Ruanyun Edai Technology Inc. announced a significant reduction in net loss for fiscal year 2025, driven by improved gross margins and a strategic pivot towards AI-based digital services and international markets, following its recent initial public offering.

OFA Group experienced a significant drop in revenue and a substantial increase in net losses for the fiscal year ended March 31, 2025, despite securing new capital and pursuing strategic initiatives in AI and U.S. market expansion.

Wah Fu Education Group Ltd. posted a net loss for the second consecutive year in fiscal 2025, driven by a significant revenue drop in its core online education services, despite growth in its technology segment.

Yatra Online, Inc. reported a net profit of INR 23.5 million for fiscal year 2025, marking a significant turnaround from previous losses, driven by strong growth in its Hotels and Packages segment and strategic acquisitions, despite a decline in overall gross bookings and ongoing internal control challenges.