v3.26.1
Contract Assets and Liabilities (Tables)
 12 Months Ended
Mar. 31, 2026
Contract Assets and Liabilities [Abstract]  
Schedule of Contract Assets and Liabilities
   As of 
   March 31,
2026		   March 31,
2025		 
   US$’000   US$’000 
Contract assets   19,489    24,969 
Less: Allowance for expected credit losses   (790)   - 
    18,699    24,969 
           
Contract liabilities   283    630 
Schedule of Aging Analysis of Contract Assets, Net of Allowance for Credit Losses

The aging analysis of contract assets, net of allowance for credit losses, based on duration of assets recognized is as follows:

 

   As of 
   March 31,
2026		   March 31,
2025		 
   US$’000   US$’000 
Within 90 days   14,709    18,969 
91 to 180 days   
-
    
-
 
181 to 365 days   237    5,612 
Over 1 year   3,753    388 
Total   18,699    24,969 
Schedule of Allowance for Credit Losses of Contract Assets

Reconciliation of the allowance for credit losses of contract assets:

 

   US$’000 
As of April 1, 2024   - 
Allowance for credit loss on contract assets for the year   - 
Exchange realignment   - 
As of March 31, 2025   - 
Allowance for credit loss on contract assets for the year   (790)
Exchange realignment   - 
As of March 31, 2026   (790)
Schedule of Allocated to Performance Obligations Unsatisfied

Transaction price allocated to performance obligations unsatisfied at end of the year and expected to be recognized as the revenue:

 

    As of  
    March 31,
2026		     March 31,
2025		  
    US$’000     US$’000  
Within 1 year after the reporting date     21,231       31,563  
Between 1 year and 2 years after the reporting date     5,622       29,765  
Between 2 years and 3 years after the reporting date     -       3,137  
Transaction price allocated to performance obligations unsatisfied     26,853       64,465