Kandal M Venture posted IFRS net income of US$235,625 for fiscal year ended March 31, 2026, up 12.4%.
Revenue edged down 0.3% to US$17.13 million, while gross profit fell 3.4% to US$3.24 million; gross margin narrowed 0.6 percentage points to 18.9%.
Operating income slipped 14.05% to US$322,220, while interest expense dropped 76.8% to US$134,894 on repayment and full settlement of borrowings.
Cash flow and balance-sheet movements
Net cash used in operating activities was US$1.88 million, while cash and cash equivalents climbed to US$3.58 million following US$8.01 million of IPO share proceeds.
Trade receivables, net, rose 49% to US$1.77 million, while inventories increased 54.9% to US$2.55 million.
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