Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 76

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 5
Chunk 76
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in relation to our services or delay in our projects, we may incur liability. Moreover, service standard and works quality are usually
one of the considerations in awarding tenders by our customers. Accordingly, if we are unable to maintain our service standards and work
quality or unable to complete our projects on a timely basis, our financial performance may be adversely affected due to cost-overruns
for catching up scheduled time or reworking for substandard works. In addition, since our revenue recognition is based on measurement
of progress by output method of our contract works, any delay in completing our works with appropriate certification will affect our revenue
recognized during the same period. Thus, our revenue and results of the operation may be affected if we are unable to complete our scheduled
work on time.

The above does not list all
the material risk factors that may affect our results of operations. The above-mentioned risks and others are discussed in more detail
in the section titled “ Risk Factors”

Results of Operations

The following table sets forth
a summary of our consolidated and combined results of operations for the periods presented. This information should be read together with
our consolidated and combined financial statements and related notes included elsewhere in this annual report. The results of operations
in any period are not necessarily indicative of our future trends.

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME

                                                                                  For the years ended March 31,                                                                         
                                                                                  2025                                                2024                       2023                   
                                                                                  US$                                                 US$                        US$                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                                                                             18,612,534                 17,123,778                 16,638,743  
  Cost of revenue                                                                                                    (16,164,339                (14,949,256                (15,070,219  
  Gross profit                                                                                                         2,448,195                  2,174,522                  1,568,524  
  Operating expenses                                                                                                                                                                    
  General and administrative expenses                                                                                 (1,669,513                 (1,239,981                 (1,263,208  
  Selling and distribution expenses                                                                                     (252,620                    (61,949                    (62,909  
  Total operating expenses                                                                                            (1,922,133                 (1,301,930                 (1,326,117  
  Income from operations