Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 1

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 1
---
 we had operated as
a separate, stand-alone company during the periods presented. You should not view our historical results as an indicator of our future
performance.

The
following table presents our summary consolidated statements of operations and comprehensive income for the fiscal years ended September
30, 2022, 2023 and 2024:

                                                  Years ended September 30,                                                  
                                                  2022                                                                       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                                                                                    
  Integrated cross-border logistics services      $                              19,444,182      16,872,539      15,116,783  
  Air freight forwarding services                                                 4,577,014       1,713,989       1,423,396  
                                                                                 24,021,196      18,586,528      16,540,179  
  Cost of revenue                                                                22,615,318      16,680,941      14,120,777  
  Gross profit                                                                    1,405,878       1,905,587       2,419,402  
  General and administrative expenses                                               588,732         758,726       1,079,349  
  Income from operation                                                             817,146       1,146,861       1,340,053  
  Other income                                                                                                               
  Interest income                                                                       108           3,481          68,205  
  Interest expense                                                                   (2,755          (1,066          (2,393  
  Other income                                                                      122,289         120,367         156,953  
  Total other income, net                                                           119,642         122,782         222,765  
  Income before income taxes                                                        936,788       1,269,643       1,562,818  
  Income tax expenses                                                               126,561         192,251         223,810  
  Net income                                                                        810,227       1,077,392       1,339,008  

   5  

  Table of Contents  

B. Capitalization
and indebtedness.

Not applicable.

C. Reasons
for the offer and use of proceeds.

Not applicable.

D. Risk
factors

An investment
in our Ordinary Shares involves a high degree of risk. You should carefully consider the following information about these risks together
with the other information appearing elsewhere in this annual