NOTE 10 – LEASES

The Company has an operating lease for office space. The lease agreement does not specify an explicit interest rate and the interest rate implicit in the lease is not readily determinable. The Company’s management believes that using an incremental borrowing rate of the Hong Kong Dollar Best Lending Rate (“BLR”) 5.250% plus Margin 1.500% p.a. was the most indicative rate of the Company’s borrowing cost for the calculation of the present value of the lease payments; the rate used by the Company was 6.750%.

As of September 30, 2025 and 2024, the right-of-use assets totalled $133,048 and $154,254, respectively.

As of September 30, 2025 and 2024, lease liabilities consist of the following:

 SCHEDULE OF OPERATING LEASE LIABILITIES

During the years ended September 30, 2025, 2024 and 2023, the Company incurred total operating lease expenses of $159,171 and $172,603 and $171,339, respectively.

Other lease information is as follows:

 SCHEDULE OF LEASE INFORMATION

The following is a schedule of future minimum payments under operating leases as of September 30, 2025:

 SCHEDULE OF LEASE FUTURE MINIMUM PAYMENTS

QMMM HOLDINGS LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

NOTE 10 – LEASES (CONTINUED)

The following table represents the cash lease payments included in the measurement of lease liabilities for the years ended September 30, 2025 and 2024.

 SCHEDULE OF CASH LEASE PAYMENTS INCLUDED IN MEASUREMENT OF LEASE LIABILITIES