Company: DKI
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001493152-25-010539
Chunk: 88

Company: DarkIris Inc.
Filing Date: 2025-03-17
Form: DRS
Chunk 88
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 2,230,476 |     | $             |    568,211 |   |
| Total current liabilities and total liabilities |     | $             | 1,295,482 |     | $             |  3,421,279 |   |
| Total shareholders’ equity (deficit)            |     | $             |   934,994 |     | $             | (2,853,068 | ) |
| Total liabilities and shareholders’ equity      |     | $             | 2,230,476 |     | $             |    568,211 |   |

| 49 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of our company’s financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes included elsewhere in this report. This discussion contains forward-looking statements that involve risks and uncertainties. Actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of various factors.

Results of Operations for the Financial Years ended September 30, 2024 and 2023

|                                     |     | For                                   
 the Financial Years Ended   September 
 30,                                   |       2024 |   |     |   |       2023 |   |     | Variance |     Amount |   |     |     |        % |    |
|:------------------------------------|:----|:--------------------------------------|-----------:|:--|:----|:--|-----------:|:--|:----|:---------|-----------:|:--|:----|:----|---------:|:---|
| Revenues                            |     | $                                     |  7,920,461 |   |     | $ |  3,951,074 |   |     | $        |  3,969,387 |   |     |     |    100.5 | %  |
| Cost of revenues                    |     |                                       | (4,912,281 | ) |     |   | (1,551,295 | ) |     |          |  3,360,986 |   |     |     |    216.7 | %  |
| Gross profit                        |     |                                       |  3,008,180 |   |     |   |  2,399,779