Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 113

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 113
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2024 and 2023

The
following table sets forth the consolidated results of our operations for the years ended March 31, 2025, 2024 and 2023, respectively:

                                                                                    2024            2023  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                      4,338,827      $4,529,196      $3,870,967  
  Cost of revenue                                              1,019,658       1,519,277       1,547,218  
  Gross profit                                                 3,319,169       3,009,919       2,323,749  
  General and administrative expenses                          1,418,069         887,036         891,614  
  Total operating expenses                                     1,418,069         887,036         891,614  
  Operating income                                             1,901,100       2,122,883       1,432,135  
  Other incomes                                                                                           
  Government subsidies                                             2,605               —          53,846  
  Interest income                                                  9,350           9,261           3,282  
  Other miscellaneous income                                         321               —          12,674  
  Total other incomes                                             12,276           9,261          69,802  
  Income before taxes                                          1,913,376       2,132,144       1,501,937  
  Provision for income taxes                                     294,179         334,071         222,690  
  Net income                                                   1,619,197      $1,798,073      $1,279,247  
  Income per share – Basic and diluted                              0.11           $0.18           $0.13  
  Basic and diluted weighted average shares outstanding*      14,680,821      10,000,000      10,000,000  

  Shares                                                                                      

Revenue

Revenue
decreased by approximately $0.2 million or 4.2% from $4.5 million in the year ended March 31, 2024 to $4.3 million in the year ended
March 31, 2025, mainly because of the decrease in revenue from IPO sponsorship services offset by the increase in revenue from referral
services and general advisory services. Revenue increased by approximately $0.6 million or