Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 163

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 163
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1,003,870 |   |     | $             | (662,573 | ) |     | $             | 1,384,830 |   |
| Net income                              |     |                — |     |        |     — |     |                — |     |        |     — |     |              |         |   |     |            |         — |     |          | 1,216,978 |   |     |               |        — |   |     |               | 1,216,978 |   |
| Foreign currency translation adjustment |     |                — |     |        |     — |     |                — |     |        |     — |     |              | —       |   |     |            |         — |     |          |         — |   |     |               |   24,482 |   |     |               |    24,482 |   |
| Balance as of March 31, 2025            |     |            8,500 |     | $      | 8,500 |     |            1,500 |     | $      | 1,500 |     | $            | (10,000 | ) |     | $          | 1,043,533 |     | $        | 2,220,848 |   |     | $             | (638,091 | ) |     | $             | 2,626,290 |   |

____________ *The share and per share information are presented on a retrospective basis (see Note 14). The accompanying notes are an integral part of these consolidated financial statements.

F-5

SEAHAWK RECYCLING HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. Dollar, except for share data, or otherwise noted)

| CASH FLOWS FROM OPERATING ACTIVITIES:                                                              |     | For the years ended 
 March 31,           
 2025                |            |   |     | 2024 |            |   |
|:---------------------------------------------------------------------------------------------------|:----|:--------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net income (loss)                                                                                  |     | $                   |  1,216,978 |   |     | $    |   (302,889 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in)