Exhibit 99.2

 

RICH SPARKLE HOLDINGS LIMITED
Interim Condensed Consolidated Balance Sheets
As of March 31, 2026 and September 30, 2025
(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

    2026 (Unaudited)     2025 (Audited)  
ASSETS                
Current assets:                
Cash   $ 1,701,066     $ 3,784,776  
Accounts receivable, net     2,952,345       2,556,788  
Contract assets     36,601       32,287  
Prepayments and other current assets     1,030,459       578,613  
Total current assets     5,720,471       6,952,464  
                 
Non-current assets:                
Property and equipment, net     427,479       527,131  
Operating lease right-of-use assets     423,292       674,595  
Deferred tax assets, net     288,480       169,088  
Other non-current assets     169,063       170,301  
Total non-current assets     1,308,314       1,541,115  
TOTAL ASSETS   $ 7,028,785     $ 8,493,579  
                 
LIABILITIES AND SHAREHOLDERS’ EQUITY                
Current liabilities:                
Accounts payable   $ 302,916     $ 528,965  
Contract liabilities     15,052       16,393  
Amount due a related party     662,253       668,662  
Operating lease liabilities, current     443,099       469,826  
Income tax payable     153,096       154,217  
Accrued expenses and other current liabilities     434,221       759,278  
Total current liabilities     2,010,637       2,597,341  
                 
Non-current liabilities:                
Operating lease liabilities, non-current     –       226,444  
Post-employment benefit obligations     22,707       22,873  
Total non-current liabilities     22,707       249,317  
TOTAL LIABILITIES     2,033,344       2,846,658  
                 
Commitments                
Contingencies                
                 
SHAREHOLDERS’ EQUITY                
Ordinary shares, with no par value, 50,000,000 ordinary shares authorized, 15,101,755 and 12,500,000 ordinary shares issued and outstanding as of March 31, 2026 and September 30, 2025, respectively*    

45,952,480

       3,980,040  
Additional paid-in-capital     903,051       903,051  
Treasury shares    

(3,122,440

 )     -  
Retained earnings     (38,731,622 )     731,600  
Accumulated other comprehensive income     (6,028 )     32,230  
Total shareholders’ equity     4,995,441       5,646,921  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 7,028,785     $ 8,493,579  

 

 

* Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split.

 

 

 

 

RICH SPARKLE HOLDINGS LIMITED
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
For the Six Months Ended March 31, 2026 and 2025
(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

    2026     2025  
Revenues   $ 2,121,062     $ 1,741,985  
Cost of services     (1,285,288 )     (1,109,926 )
Gross profit     835,774       632,059  
                 
Operating expenses:                
Selling, general and administrative     (1,555,814 )     (905,329 )
Share-based compensation expense     (38,850,000 )     -  
Total operating expenses     (40,405,814 )     (905,329 )
                 
Loss from operations     (39,570,040 )     (273,270 )
                 
Other income (expense)                
Interest expense     (17,379 )     (31,682 )
Gain from lease modification     3,021       -  
Total other expense, net     (14,358 )     (31,682 )
                 
Loss before provision for income taxes     (39,584,398 )     (304,952 )
Income tax benefit     121,176       48,167  
Net loss   $ (39,463,222 )     (256,785 )
                 
Other comprehensive loss                
Foreign currency adjustment   $ (38,258 )   $ (3,199 )
Comprehensive loss   $ (39,501,480 )   $ (259,984 )
                 
Loss per share – Basic and Diluted*   $ (2.7947 )   $ (0.0228 )
Weighted average shares outstanding – Basic and Diluted*     14,120,879       11,250,000  

 

 

* Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split.

 

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RICH SPARKLE HOLDINGS LIMITED
Unaudited Interim Condensed Consolidated Statements of Changes in Shareholders’ Equity
For the Six Months Ended March 31, 2026 and 2025
(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

    2026  
    Ordinary Shares           Additional     Accumulated other              
    No. of
shares		     Amount     Treasury shares     paid-in- capital     comprehensive (loss) income     Retained earnings     Total  
Balance as of September 30, 2025 (Audited)     12,500,000     $ 3,980,040     $ —     $ 903,051     $ 32,230     $ 731,600     $ 5,646,921  
Foreign currency translation adjustment     —       —       —       —       (38,258 )     —       (38,258 )
Issurance of shares     101,755       3,122,440       (3,122,440 )                                
Issuance of shares for share-based compensation awards     2,500,000       38,850,000       -                               38,850,000  
Net loss for the period     —       —       —       —       —       (39,463,222 )     (39,463,222 )
Balance as of March 31, 2026 (Unaudited)     15,101,755     $ 45,952,480     $ (3,122,440 )   $ 903,051     $ (6,028 )   $ (38,731,622 )   $ 4,995,441  

 

    2025  
    Ordinary Shares           Additional     Accumulated other              
    No. of
shares		     Amount     Subscription receivables     paid-in- capital     comprehensive (loss) income     Retained earnings     Total  
Balance as of September 30, 2024 (Audited)     11,250,000     $ 1,024,034     $ —     $ 903,051     $ 22,926     $ 598,666     $ 2,548,677  
Foreign currency translation adjustment     —       —              —       —       (3,199 )     —       (3,199 )
Net loss for the period     —       —       —       —       —       (256,785 )     (256,785 )
Balance as of March 31, 2025 (Unaudited)     11,250,000     $ 1,024,034     $ —     $ 903,051     $ 19,727     $ 341,881     $ 2,288,693  

 

 

* Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split.

 

3

 

 

RICH SPARKLE HOLDINGS LIMITED
Unaudited Interim Condensed Consolidated Statements of Cash Flows
For the Six Months Ended March 31, 2026 and 2025
(Currency expressed in United States Dollars (“US$”))

 

    2026     2025  
Cash flows from operating activities:            
Net loss   $ (39,463,222 )   $ (256,785 )
                 
Adjustments to reconcile net loss to cash provided by (used in) operating activities:                
Depreciation and amortization     96,259       6,335  
Operating lease expense     264,908       280,019  
Deferred income taxes     (121,176 )     (48,167 )
Share-based compensation expense     38,850,000       -  
Change in operating assets and liabilities:                
Accounts receivable     (414,148 )     1,005,848  
Contract assets     (4,549 )     -  
Prepayments, other current assets and other non-current assets     (450,608 )     128,535  
Accounts payable     (226,049 )     (317,000 )
Contract liabilities     (1,222 )     -  
Accrued expenses and other current liabilities     (325,057 )     34,595  
Operating lease liabilities     (266,627 )     (267,421 )
Net cash (used in) provided by operating activities     (2,061,491 )     565,959  
                 
Cash flows from financing activities:                
Payments of offering costs for initial public offering     –       (433,879 )
Financings provided to related parties     (6,409 )     (908 )
Net cash (used in) financing activities     (6,409 )     (434,787 )
                 
Foreign currency translation adjustment     (15,810 )     (405 )
                 
Net change in cash and cash equivalents     (2,083,710 )     130,767  
                 
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD     3,784,776       320,161  
                 
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD   $ 1,701,066     $ 450,928  

 

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