Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 0

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 0
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ITEM 3. KEY INFORMATION

A. Selected
Financial Data

The
following table presents the selected consolidated financial information for our Company. Our historical results do not necessarily indicate
results expected for any future periods. The selected consolidated financial data should be read in conjunction with, and are qualified
in their entirety by reference to, our audited consolidated financial statements and related notes and“ Item 5. Operating and
Financial Review and Prospects”below. Our audited consolidated financial statements are prepared and presented in accordance
with U. S. GAAP.

The summary consolidated statements of
operations and cash flow

                                                           For the years ended September 30,                                                                     
                                                           2022                                                   2023                      2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by operating activities                $                                         783,045      $          2,021,831      $           326,089  
  Net cash used in investing activities                                                               (9,247                    (7,455                 (592,585  
  Net cash (used in) provided by financing activities                                             (1,244,502                (2,017,979                2,008,826  
  NET CHANGE IN CASH AND CASH EQUIVALENTS                                                           (470,704                    (3,603                1,742,330  
  CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                                   1,028,439                   557,735                  554,132  
  CASH AND CASH EQUIVALENTS AT END OF YEAR                 $                                         557,735      $            554,132      $         2,296,462  

The
summary consolidated balance sheet as at

                                  As of September 30,                                            
                                  2023                                     2024                  
  Total Assets                    $                         4,474,778      $          7,955,214  
  Total Liabilities               $                        (3,972,602      $         (2,785,688  
  Total shareholders’ equity      $                           502,176      $          5,169,526  
 ─────────────────────────────────────────────────────────────────────────────────────────────────

Our
management believes that the assumptions underlying our financial statements and the above allocations are reasonable. Our financial
statements, however, may not necessarily reflect our results of operations, financial position and cash flows as if