Caro Holdings Q2 FY26 net loss widens to USD 275,218; operating expenses rise 373% to USD 161,540

Caro Holdings posted a net loss of USD 275,218 for the quarter ended June 30, 2026, widening 658% year over year.

• Revenue swung to a net credit of USD 207 from USD 5,986 a year earlier; operating loss widened to USD 161,747.
• Operating expenses climbed to USD 161,540, up 373%, mainly on higher software development and professional fees.
• Other expenses rose to USD 113,471 from USD 8,110, driven by a USD 90,669 loss on settlement of accounts payable.
• Working capital swung to USD 7 million from a USD 1.72 million deficiency, on a USD 7.8 million advance for mineral property interest.