v3.26.1
Income Tax Expense (Tables)
12 Months Ended
Mar. 31, 2026
Income Tax Expense [Abstract]  
Schedule of Income Tax Expenses

The following table presents the composition of income tax expenses for the fiscal years ended March 31, 2026, 2025 and 2024:

 

   For the fiscal years ended
March 31,
 
   2026   2025   2024 
   US$’000   US$’000   US$’000 
Current income tax expense   -    -    - 
Deferred tax expense (credit)   186    241    141 
    186    241    141 
Schedule of Income Tax Rate

Reconciliation of the difference between the Hong Kong statutory income tax rate applicable to profits of the Group and the income tax expenses of the Group was as follows:

 

  

For the fiscal years ended

March 31, 

 
   2026   2025   2024 
   US$’000   US$’000   US$’000 
Profit before provision for income taxes   (13,025)   1,139    1,910 
                
Income tax expenses computed at statutory rate   (2,149)   188    315 
Effect of preferential tax rates   -    -    - 
Non-deductible expenses   556    107    2 
Non-taxable income   (83)   (1)   (176)
Tax loss not recognised (Note (a))   1,676    -    - 
Over provision of deferred tax in prior years   -    (53)   - 
Change in valuation allowance   186    -    - 
    186    241    141 
(a)As at March 31, 2026, the Group has unused tax losses of approximately $10,156,000 (2025:Nil) available for offset against future profits. No deferred tax assets have been recognised for the tax losses of $10,156,000 (2025: Nil) due to the unpredictability of future profit streams. All tax losses may be carried forward indefinitely.