v3.26.1
INCOME TAXES (Tables)
12 Months Ended
May 31, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

 

          
   For the Financial Years Ended May 31, 
   2026   2025   2024 
   $’000   $’000   $’000 
             
Income tax current year   74    -    - 
Income tax prior year   16    1    135 
Income tax refund   -    -    (260)
                
Income tax expense (refund)   90    1    (125)
SCHEDULE OF INCOME TAXES OR INCOME TAX FILING REQUIREMENTS

The Company is considered to be an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States.

 

 

          
   For the Financial Years Ended May 31, 
   2026   2025   2024 
   $’000   $’000   $’000 
             
Loss before income taxes   (476)   (1,771)   - 
Statutory income tax rate   0%   0%   0%
Income tax expense at statutory rate   -    -    - 
                
Income tax expense   -    -    - 
SCHEDULE OF EFFECTIVE INCOME TAX RATE

The reconciliation of the income tax rate to the effective income tax rate based on income before income taxes for the financial years ended May 31, 2026, 2025 and 2024 are as follows:

 

          
   For the Financial Years Ended May 31, 
   2026   2025   2024 
   $’000   $’000   $’000 
             
Income (Loss) before income taxes   686    (948)   (1,102)
Statutory income tax rate   17%   17%   17%
Income tax expense (refund) at statutory rate   117    (161)   (187)
Tax effect of non-taxable income   10    (2)   (14)
Tax effect of non-deductible items   56    161    144 
Under provision in previous financial year   16    1    135 
Deferred tax assets not recognized   -    -    (125)
Utilization of capital allowances   (14)   2    (40)
Others   (95)        (38)
                
Income tax expense (refund)   90    1    (125)