v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS
 12 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
HKD ($)
Sep. 30, 2024
HKD ($)
Cash flows from operating activities:      
Net income (loss) $ (2,374,981) $ (18,484,477) $ 10,653,488
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Change in fair value of investment in key management insurance policy (23,951) (186,409)
Depreciation of property and equipment 219,451 1,707,989 1,902,005
Amortization of intangible assets 9,559 74,400 103,379
Amortization of operating lease right-of-use assets 247,363 1,925,225 1,237,500
Amortization of share-based payment for services 711,136 5,534,772 1,369,388
Provision for (reversal of) credit loss 306,180 2,383,000 (3,158,000)
Write-down for inventories 331,620 2,580,998 280,000
Deferred tax (107,597) (837,430) 393,433
Losses on disposal of property and equipment 258,040 2,008,324 636,289
Share-based compensation 377,775 2,940,224
Foreign exchange (gains) losses - unrealized (4,440) (34,559) 280,046
Changes in operating assets and liabilities      
Inventories 2,474,894 19,262,102 (6,974,167)
Trade receivables (1,515,370) (11,794,125) 13,498,722
Prepaid expenses and other assets (142,920) (1,112,348) 1,170,733
Retention receivables (34,712) (270,166) (1,801,346)
Trade and notes payables (172,951) (1,346,076) (8,811,825)
Other payables, accrued payroll and welfare (168,418) (1,310,795) 2,021,985
Contract liabilities (2,114,941) (16,460,585) 5,052,814
Operating lease liabilities (243,230) (1,893,061) (945,783)
Other liabilities (71,432) (555,956) 313,650
Income tax payable 52,933 411,979 (3,124,259)
Net cash (used in) provided by operating activities (1,985,992) (15,456,974) 14,098,052
Cash flows from investing activities:      
Purchases of property and equipment (210,784) (1,640,534) (3,018,966)
Purchases of intangible assets (227,000)
Net cash used in investing activities (210,784) (1,640,534) (3,245,966)
Cash flows from financing activities:      
Proceeds from capital contribution 12 90 882,588
Net proceeds from initial public offering 24,299,197
Payments to related parties (10,967)
Repayments by related parties 10,967
Net cash provided by financing activities 12 90 25,181,785
Effect of exchange rate changes 512 3,985 (95,862)
Net increase (decrease) in cash and cash equivalents and restricted cash (2,196,252) (17,093,433) 35,938,009
Cash and cash equivalents and restricted cash at beginning of the year 6,724,673 52,338,132 16,400,123
Cash and cash equivalents and restricted cash at end of the year 4,528,421 35,244,699 52,338,132
Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheets      
Cash and cash equivalents 3,257,681 25,354,528 52,338,132
Restricted cash – non-current 1,270,740 9,890,171
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 4,528,421 35,244,699 52,338,132
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 4,528,421 35,244,699 52,338,132
Supplemental disclosure of cash flow information:      
Interest expense paid 19,129 148,878 19,632
Income tax paid (refunded) (27,990) (217,843) 4,038,568
Supplemental disclosure of non-cash investing and financing information:      
Operating lease right-of-use assets obtained in exchange for operating lease obligations 379,051 2,950,157 5,656,268
Extinguishment of operating lease right-of-use assets and operating lease liabilities due to termination of lease (61,708) (480,274) 35,709
Non-cash consideration paid for services 510,496 3,973,189 6,573,060
Cumulative effect adjustment upon adoption of ASC 326 $ (1,111,178)