# EDGAR Filing Document

**Accession Number:** 0001976900
**File Stem:** 0001641172-25-023678
**Filing Date:** 2025-8
**Character Count:** 61664
**Document Hash:** 4d686681b0f0fae952e594b0a944f067
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-023678.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001641172-25-023678

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 50

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DFP HOLDINGS Ltd
- **CENTRAL INDEX KEY:** 0001976900
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56681
- **FILM NUMBER:** 251214070

**BUSINESS ADDRESS:**
- **STREET 1:** 1/F., NO. 22, LANE 50, SECTION 3,
- **STREET 2:** NANGANG ROAD, NANGANG DISTRICT,
- **CITY:** TAIPEI CITY
- **STATE:** F5
- **ZIP:** 115607
- **BUSINESS PHONE:** 886287722001

**MAIL ADDRESS:**
- **STREET 1:** 1/F., NO. 22, LANE 50, SECTION 3,
- **STREET 2:** NANGANG ROAD, NANGANG DISTRICT,
- **CITY:** TAIPEI CITY
- **STATE:** F5
- **ZIP:** 115607

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the quarterly period ended **June 30, 2025**

OR

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the transition period from_________to_________

Commission File **No. 000-56681**

**<u>DFP HOLDINGS LIMITED</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Nevada** | **32-0672927** |
| (State or other jurisdiction<br> of incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

**1/F., No. 22, Lane 50, Section 3, Nangang Road**

**Nangang District, Taipei City 115607**

**<u>Taiwan</u>**

(Address of principal executive offices, zip code)

**Tel: (886) 2 8772 2001**

(Registrant's telephone number, including area code)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.

Yes ☐ No ☒

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒. No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (check one):

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act): Yes ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12,13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒. No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

There is no public trading market for the shares of Common Stock of DFP Holdings Limited. As a result, the aggregate market value of the common units held by non-affiliates of DFP Holdings Limited cannot be determined.

As of August 14, 2025, there were 216,779,700 shares of Common Stock, $0.0001 par value per share, outstanding.

**DFP HOLDINGS LIMITED**

**QUARTERLY REPORT ON FORM 10-Q**

**FOR THE PERIOD ENDED JUNE 30, 2025**

**INDEX**

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **Page** |
| [**Part I. Financial Information**](#sq_001) | [**Part I. Financial Information**](#sq_001) | [**Part I. Financial Information**](#sq_001) | 4 |
|  | Item 1. | [Financial Statements](#sq_002) | 4 |
|  |  | [Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and September 30, 2024](#sq_003) | 4 |
|  |  | [Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) – Three and nine months ended June 30, 2025 and 2024](#sq_004) | 5 |
|  |  | [Condensed Consolidated Statements of Stockholders' Equity (Unaudited) – Three and nine months ended June 30, 2025 and 2024](#sq_005) | 6 |
|  |  | [Condensed Consolidated Statements of Cash Flows (Unaudited) - Three and nine months ended June 30, 2025 and 2024](#sq_006) | 7 |
|  |  | [Notes to Condensed Consolidated Financial Statements (Unaudited) - Three and nine months ended June 30, 2025 and 2024](#sq_007) | 8 |
|  | Item 2. | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#sq_008) | 15 |
|  | Item 3. | [Quantitative and Qualitative Disclosures About Market Risk](#sq_009) | 16 |
|  | Item 4. | [Controls and Procedures](#sq_010) | 17 |
| **[Part II. Other Information](#sq_011)** | **[Part II. Other Information](#sq_011)** | **[Part II. Other Information](#sq_011)** | 18 |
|  | Item 1. | [Legal Proceedings](#sq_012) | 18 |
|  | Item 1A. | [Risk Factors](#sq_013) | 18 |
|  | Item 2. | [Unregistered Sales of Equity Securities and Use of Proceeds](#sq_014) | 18 |
|  | Item 3. | [Defaults Upon Senior Securities](#sq_015) | 18 |
|  | Item 4. | [Mine Safety Disclosures](#sq_016) | 18 |
|  | Item 5. | [Other Information](#sq_017) | 18 |
|  | Item 6. | [Exhibits](#sq_018) | 19 |
| **[Signatures](#sq_019)** | **[Signatures](#sq_019)** | **[Signatures](#sq_019)** | 20 |

---

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of DFP Holdings Limited, a Nevada corporation (the "Company"), contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results.

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management's experience in the industry, assessments of our results of operations, discussions, and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward - looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

**PART I – FINANCIAL INFORMATION**

**Item 1. Condensed Consolidated Financial Statements**.

**DFP HOLDINGS LIMITED**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

**AS OF JUNE 30, 2025 (UNAUDITED) AND SEPTEMBER 30, 2024**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **As of <br> June 30, 2025** | **As of<br> September 30, 2024** |
|  | **(Unaudited)** | |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1366474 | $1888361 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 51374 | 47303 |
| &nbsp;&nbsp;&nbsp;Inventories | 6697 |  |
| &nbsp;&nbsp;&nbsp;Prepaid and other current assets | 41716 | 26199 |
| &nbsp;&nbsp;&nbsp;Deposit-related party | 100000 | - |
| &nbsp;&nbsp;&nbsp;Prepaid expenses-related party | 12370 | 30397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1578631 | 1992260 |
| Non-current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 78518 | 62051 |
| &nbsp;&nbsp;&nbsp;Operating lease right-of-use asset | 171133 | 214063 |
| &nbsp;&nbsp;&nbsp;Lease deposits | 15070 | 13875 |
| **TOTAL ASSETS** | $1843352 | $2282249 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $61742 | $76098 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 80527 | 146483 |
| &nbsp;&nbsp;&nbsp;Due to officer | 7130 | 2666 |
| &nbsp;&nbsp;&nbsp;Operating lease liability – current portion | 84173 | 75631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 233572 | 300878 |
| Non-current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease liability – non-current portion | 86960 | 138432 |
| **TOTAL LIABILITIES** | 320532 | 439310 |
| **COMMITMENTS AND CONTINGENCIES** |  |  |
| Stockholders' equity: |  |  |
| Preferred Stock, $0.0001 par value; 200,000,000 shares authorized; no shares issued and outstanding |  |  |
| Common Stock, $0.0001 par value; 600,000,000 shares authorized; 216,779,700 shares issued and outstanding at June 30, 2025 and September 30, 2024, respectively | 21678 | 21678 |
| Additional paid in capital | 3606583 | 3610522 |
| Accumulated other comprehensive income/(loss) | 16736 | (7855) |
| Accumulated deficit | (2122177) | (1781406) |
| Total stockholders' equity | 1522820 | 1842939 |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $1843352 | $2282249 |

---

See accompanying notes to the condensed consolidated financial statements.

**DFP HOLDINGS LIMITED**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND**

**COMPREHENSIVE LOSS**

**FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended**<br> **June 30,**  | **Three months ended**<br> **June 30,**  | **Nine months ended**<br> **June 30,**  | **Nine months ended**<br> **June 30,**  |
|  | **2025** | **2024** | **2025** | **2024** |
| **REVENUES** | $240753 | $439266 | $931235 | $968941 |
| **OPERATING COSTS AND EXPENSES:** |  |  |  |  |
| Cost of revenues | 94490 | 147820 | 307885 | 367188 |
| General and administrative expense | 453963 | 236241 | 876972 | 620937 |
| General and administrative expense-related party | 18258 | 15146 | 57970 | 45926 |
| &nbsp;&nbsp;&nbsp;Total operating costs and expenses | 566711 | 399207 | 1242827 | 1034051 |
| **(LOSS)/INCOME FROM OPERATIONS** | (325958) | 40059 | (311592) | (65110) |
| **OTHER INCOME:** |  |  |  |  |
| Interest income | 7018 | 12813 | 19008 | 17994 |
| **(LOSS)/INCOME BEFORE TAXES** | (318940) | 52872 | (292584) | (47116) |
| Provision for income taxes | (2325) | (24275) | (48187) | (24275) |
| **NET (LOSS)/INCOME** | (321265) | 28597 | (340771) | (71391) |
| Other comprehensive loss: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;-Foreign currency translation gain/(loss) | 40724 | (4732) | 24591 | (1704) |
| **COMPREHENSIVE (LOSS)/INCOME** | $(280541) | $23865 | $(316180) | $(73095) |
| NET (LOSS)/INCOME PER SHARE | $(0.00) | $0.00 | $(0.00) | $(0.00) |
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING | 216779700 | 216779700 | 215246993 | 216779700 |

---

See accompanying notes to the condensed consolidated financial statements.

**DFP HOLDINGS LIMITED**

**CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY**

**FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

**(Unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | **Additional** | **Accumulated<br> Other** | | **Total** |
|  | **Number of**<br> **Shares** | **Amount** | **Paid-in**<br> **Capital** | **Comprehensive**<br> **Gain/(Loss)** |<br>**Accumulated**<br> **Deficit** | **Stockholders'<br> Equity** |
| Balance as of September 30, 2024 | 216779700 | $21678 | $3610522 | $(7855) | $(1781406) | $1842939 |
| Foreign currency translation |  |  |  | (12018) |  | (12018) |
| Net income | - | - | - | - | 29750 | 29750 |
| Balance as of December 31, 2024 (Unaudited) | 216779700 | 21678 | 3610522 | (19873) | (1751656) | 1860671 |
| Foreign currency translation |  |  |  | (4115) |  | (4115) |
| Net loss | - | - | - | - | (49256) | (49256) |
| Balance as of March 31, 2025 (Unaudited) | 216779700 | 21678 | 3610522 | (23988) | (1800912) | 1807300 |
| Foreign currency translation |  |  |  | 40724 |  | 40724 |
| Acquisition of entity under common control |  |  | (3939) |  |  | (3939) |
| Net loss | - | - | - | - | (321265) | (321265) |
| Balance as of June 30, 2025 (Unaudited) | 216779700 | $21678 | $3606583 | $16736 | $(2122177) | $1522820 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | **Additional** | **Accumulated**<br> **Other** | | **Total** |
|  | **Number of**<br> **Shares** | **Amount** | **Paid-in**<br> **Capital** | **Comprehensive**<br> **Loss** |<br>**Accumulated**<br> **Deficit** | **Stockholders'<br> Equity** |
| Balance as of September 30, 2023 | 213855500 | $21386 | $2148714 | $(12561) | $(1447009) | $710530 |
| Common Stock issued for cash | 1437400 | 143 | 718557 |  |  | 718700 |
| Foreign currency translation |  |  |  | 12043 |  | 12043 |
| Net loss | - | - | - | - | (19374) | (19374) |
| Balance as of December 31, 2023 (Unaudited) | 215292900 | 21529 | $2867271 | (518) | (1466383) | 1421899 |
| Common Stock issued for cash | 1486800 | 149 | 743251 |  |  | 743400 |
| Foreign currency translation |  |  |  | (9015) |  | (9015) |
| Net loss | - | - | - | - | (80614) | (80614) |
| Balance as of March 31, 2024 (Unaudited) | 216779700 | 21678 | 3610522 | (9533) | (1546997) | 2075670 |
| Foreign currency translation |  |  |  | (4732) |  | (4732) |
| Net income | - | - | - | - | 28597 | 28597 |
| Balance as of June 30, 2024 (Unaudited) | 216779700 | $21678 | $3610522 | $(14265) | $(1518400) | $2099535 |

---

See accompanying notes to the condensed consolidated financial statements.

**DFP HOLDINGS LIMITED**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Nine months ended June 30,** | **Nine months ended June 30,** |
|  | **2025** | **2024** |
| **Cash flows from operating activities:** |  |  |
| Net loss | $(340771) | $(71391) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 66791 | 4234 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Inventories | (6697) |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (15101) | (87046) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses-related party | 18027 | 15256 |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | (16304) | 5950 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | (65956) | 103178 |
| &nbsp;&nbsp;&nbsp;Operating lease liability | (55945) | - |
| Net cash used in operating activities | (415956) | (29819) |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Purchase of property and equipment | (27939) | (50607) |
| &nbsp;&nbsp;&nbsp;Deposit-related party | (100000) |  |
| Net cash used in investing activities | (127939) | (50607) |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of common stock |  | 1462100 |
| &nbsp;&nbsp;&nbsp;Advances from (repayment to) officer | 4464 | (2572) |
| Net cash provided by financing activities | 4464 | 1459528 |
| Effect of exchange rate changes in cash and cash equivalents | 21615 | (4450) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (517816) | 1374652 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1935664 | 763591 |
| **Cash, cash equivalents and restricted cash, end of the period** | $1417848 | $2138243 |
| **Supplemental disclosure of cash flow information:** |  |  |
| &nbsp;&nbsp;&nbsp;Income taxes paid | $48349 | $24209 |

---

See accompanying notes to the condensed consolidated financial statements.

**DFP HOLDINGS LIMITED**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

**(Unaudited)**

**1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

Description of business

DFP Holdings Limited, a Nevada corporation (the "Company"), was incorporated in the State of Nevada on December 8, 2021. The Company provides online and offline educational services in Taiwan. The Company has a September 30 fiscal year end.

On March 8, 2022, the Company's wholly owned subsidiary, DFP Holdings Limited, was formed in Seychelles ("DFP Seychelles"). DFP Seychelles is an intermediate holding company, and operates business through its wholly owned subsidiary, DFP Holdings Limited, a company incorporated in Taiwan ("DFP Taiwan").

Going concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, the Company has an accumulated deficit of $2,122,177 as of June 30, 2025. To date, the operations have been primarily financed through the issuance of common stock. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that these financial statements are issued. In addition, the Company's independent registered public accounting firm, in its report on the Company's consolidated financial statements for the year ended September 30, 2024, has also expressed substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

Management estimates that the current funds on hand will be sufficient to continue operations through the next six months. The Company's ability to continue as a going concern is dependent upon its ability to continue to implement its business plan to increase its customer base and realize increased revenues. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

Basis of presentation

The accompanying condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").

The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Tide Holdings Limited (TIDE), DFP Holdings Limited ("DFP Seychelles"), and DFP Holdings Limited (Taiwan) ("DFP Taiwan"). Intercompany accounts and transactions have been eliminated in consolidation.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates. Significant estimates include estimates for assumptions used in impairment testing of long-term assets, and the accrual of potential liabilities.

Revenue recognition

The following table provides information about disaggregated revenue:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of and for the three months<br> ended June 30,** | **As of and for the three months<br> ended June 30,** | **As of and for the nine months<br> ended June 30,** | **As of and for the nine months<br> ended June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Media and leadership training revenues | $231691 | $439266 | $903773 | $968941 |
| Subscription revenues | 4498 |  | 19192 |  |
| Products sale, consultancy, and advertising revenues | 4564 | - | 8270 | - |
| Total revenue | $240753 | $439266 | $931235 | $968941 |

---

The Company's revenue primarily consists of revenue from delivering online and in-person media and leadership training courses. Revenue is recognized in the period in which the services are delivered, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company recognizes deferred revenue at each period end for contracts that have been paid but which the related service has not been performed or delivered. The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. The Company also recognizes revenue from subscription services for media and leadership training, and for subscriptions that allow access to the Malaysian TikTok platform, ratably over the subscription periods.

The Company also generates revenue from a monthly subscription service and recognizes revenue from subscription services ratably over the subscription period. The Company also generates revenue from sales of products, consultancy and advertising revenues.

Cost of revenue

Cost of service revenue primarily consists of commissions, advertising and promotion fee, facility rentals directly attributable to the courses rendered, and cost of products.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of and for the three months ended June 30,** | **As of and for the three months ended June 30,** | **As of and for the nine months ended June 30,** | **As of and for the nine months ended June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Commissions | $55638 | $102630 | $224572 | $252818 |
| Advertising | 3896 | 17676 | 17378 | 56265 |
| Rental of instructional facilities | 30278 | 19645 | 48955 | 37167 |
| Other | 4678 | 7869 | 16980 | 20938 |
| Total cost of revenue | $94490 | $147820 | $307885 | $367188 |

---

Cash, cash equivalents and restricted cash

Cash equivalents include demand deposits placed with banks or other financial institutions and all highly liquid investments with original maturities at purchase of three months or less, including money market funds.

---

| | | |
|:---|:---|:---|
|  | As of <br> June 30, 2025 | As of <br> September 30, 2024 |
| <u>Cash and cash equivalents</u> |  |  |
| Denominated in United States Dollars | $1090538 | $1531438 |
| Denominated in New Taiwan Dollars | 275936 | 356923 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1366474 | 1888361 |
| Restricted cash | 51374 | 47303 |
| &nbsp;&nbsp;&nbsp;Cash, cash equivalents and restricted cash | $1417848 | $1935664 |

---

Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash. As of June 30, 2025, substantially all the Company's cash was held by two major financial institutions located in Taiwan, which management believes are of high credit quality. At June 30, 2025, none of the Company's cash accounts are insured by the U.S. Federal Deposit Insurance Corporation (the "FDIC").

Restricted Cash

Restricted cash represents accounts designated as collateral required by the bank. Since our course fees are usually paid by our customers using credit card transactions, banks are concerned about potential chargebacks from our customers. The Company includes restricted cash along with the cash and cash equivalents balance for presentation in the consolidated statements of cash flows.

Inventories

The Company purchases finished goods merchandise inventory which is stated at the lower of cost or net realizable value. For the nine months ended June 30, 2025, there were no write-downs of inventory.

Income taxes

The Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain.

The Company conducts its business in Taiwan and is subject to tax in Taiwan jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the Taiwan tax authority. The Company's deferred tax assets relate to the Company's net operating losses in the U.S. and net operating losses and temporary differences between accounting basis and tax basis for its Taiwan-based subsidiaries which are subject to corporate income tax in Taiwan.

Fair value measurements

The Company follows the guidance of ASC 820-10, "Fair Value Measurements and Disclosures", with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

*Level 1:* Observable inputs such as quoted prices in active markets;

*Level 2:* Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

*Level 3:* Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The Company believes the carrying amount reported in the balance sheet for cash and cash equivalents, prepaid expenses, accounts payable and accrued liabilities, deferred revenue and due to officer, approximate their fair values because of the short-term nature of these financial instruments.

Foreign currency translation

The reporting currency of the Company is the United States Dollars ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company's operating subsidiary maintains its books and records in its functional currency, New Taiwan Dollars ("NT$").

In general, for consolidation purposes, assets and liabilities of the Company's subsidiaries whose functional currency is not the US$, are translated into US$ using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of a foreign subsidiary are recorded as a separate component of accumulated other comprehensive income or loss within stockholders' equity.

Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods:

---

| | | |
|:---|:---|:---|
|  | As of and for the nine months <br> ended June 30, | As of and for the nine months <br> ended June 30, |
|  | 2025 | 2024 |
| Period-end NT$ : US$1 exchange rate | 29.20 | 32.54 |
| Period-average NT$ : US$1 exchange rate | 31.93 | 31.89 |

---

Net income (loss) per share

The Company calculates net income (loss) per share in accordance with ASC Topic 260, "Earnings per Share." Basic income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted income (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

At June 30, 2025 the Company has no potentially dilutive securities, such as options or warrants, outstanding.

Concentrations

For the three and nine months ended June 30, 2025 and 2024, no customer accounted for 10% or more of the Company's revenue.

For the three and nine months ended June 30, 2025 and 2024, one service provider accounted for 10% or more of the Company's operating costs and expenses.

Segments

Our Chief Executive Officer ("CEO") is our chief operating decision maker ("CODM"). Our CEO evaluates performance and makes operating decisions about allocating resources based on financial data presented on a consolidated basis. Because our CODM evaluates financial performance on a consolidated basis, we have determined that we operate as a single reportable segment composed of the consolidated financial results of DFP Holdings, Limited.

Our CODM uses consolidated net income (loss) as the sole measure of segment profit or loss. Significant segment expenses include salaries and related, commissions, and operating expenses (see Note 5).

Reclassifications

In presenting the Company's consolidated statement of operations and comprehensive income (loss) for the nine months ending June 30, 2024, the Company presented $252,117 of commission expense as part of General and administrative expense. In presenting the Company's consolidated statement of operations and comprehensive loss for the nine months ending June 30, 2025, the Company has reclassified the $252,117 to Cost of revenues in the accompanying consolidated statement of operations and comprehensive loss for the nine months ending June 30, 2024.

In presenting the Company's consolidated statement of operations and comprehensive income (loss) for the three months ending June 30, 2024, the Company presented $101,929 of commission expense as part of General and administrative expense. In presenting the Company's consolidated statement of operations and comprehensive loss for the three months ending June 30, 2025, the Company has reclassified the $101,929 to Cost of revenues in the accompanying consolidated statement of operations and comprehensive loss for the three months ending June 30, 2024.

Other business risks

As a result of the COVID-19 pandemic and actions taken to slow its spread, the ongoing military conflict between Russia and Ukraine, and other geopolitical and macroeconomic factors beyond our control, the global credit and financial markets have experienced extreme volatility, including diminished liquidity and credit availability, declines in consumer confidence, declines in economic growth, increases in unemployment rates and uncertainty about economic stability.

If equity and credit markets deteriorate, it may affect our ability to raise equity capital, borrow on our existing facilities, access our existing cash, or make any additional necessary debt or equity financing more difficult to obtain, more costly and/or more dilutive.

Recent accounting pronouncements

In November 2024, the Financial Accounting Standards Board (FASB) issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses which includes amendments that require disclosure in the notes to financial statements of specified information about certain costs and expenses, including purchases of inventory; employee compensation; and depreciation, amortization and depletion expenses for each caption on the income statement where such expenses are included. The amendments are effective for the Company's annual periods beginning October 1, 2027, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is in the process of evaluating this ASU to determine its impact on the Company's disclosures.

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's financial statements.

**NOTE 2 – PREPAID EXPENSES AND OTHER CURRENT ASSETS**

---

| | | |
|:---|:---|:---|
|  | **As of<br> June 30, 2025** | **As of<br> September 30, 2024** |
| Prepaid expenses | $15502 | $3737 |
| Deposits | 24661 | 3352 |
| Other receivables | 1553 | 19110 |
| Total | $41716 | $26199 |

---

Prepaid expenses as of June 30, 2025 and 2024 represent the payments made for software repairs and maintenance fees, lawyer fees, advertisement fees and employee salary advance

**NOTE 3 – OPERATING LEASES**

Prior to July 1, 2024, the Company rented office space under a short-term lease with a term of 12 months at a monthly rental of approximately $2,750 (NT$88,000) per month. On July 1, 2024, the Company, through its wholly owned subsidiary DFP Holdings Limited (Taiwan), entered into two new operating leases for the rental of two offices with lease terms of three years each. The aggregate monthly lease payments are approximately $7,000 (NT $220,000) per month, with aggregate commitment of approximately $242,000 (NT$7,731,000). In relation to the two new leases, the Company recognized an operating lease right-of-use asset and related operating lease liability of $232,589 (NT$7,356,000) upon commencement of the new leases.

The components of rent expense and supplemental cash flow information related to leases for the period are as follows:

---

| | | |
|:---|:---|:---|
|  | **For the nine months ended June 30,** | **For the nine months ended June 30,** |
|  | **2025** | **2024** |
| <u>Lease Cost</u> |  |  |
| Operating lease cost | $60527 | $- |
| <u>Other Information</u> |  |  |
| Weighted average remaining lease term – operating leases (in years) | 2 |  |
| Weighted average discount rate for operating lease | 3.26% |  |

---

At June 30, 2025, there was no operating lease right-of-use asset or liability recorded for the short-term lease.

At June 30, 2025, the supplemental balance sheet information related to leases is as follows:

Operating lease right-of-use asset as of June 30, 2025 is as follows:

---

| | |
|:---|:---|
| Right-of-use assets, net as of September 30, 2024 | $214063 |
| Less: amortization | (56097) |
| Foreign exchange translation | 13167 |
| Right-of-use assets, net as of June 30, 2025 | $171133 |
| Operating lease liabilities as of June 30, 2025 is as follows: |  |
| Lease liability at September 30, 2024 | $214063 |
| Add: imputed interest | 4430 |
| Less: principal repayment | (60527) |
| Foreign exchange translation | 13167 |
| Lease liability at June 30, 2025 | $171133 |
| Lease liability current portion | $84173 |
| Lease liability non-current portion | 86960 |
| Total operating lease liability | $171133 |

---

Maturities of the Company's lease liabilities are as follows:

---

| | |
|:---|:---|
| 2025 | $22066 |
| 2026 | 88265 |
| 2027 | 66199 |
| Total lease payments | 176530 |
| Less: Imputed interest | (5397) |
| Present value of operating lease liabilities | $171133 |

---

**NOTE 4 - STOCKHOLDERS' EQUITY**

As of June 30, 2025 the Company has 600,000,000 shares of commons stock authorized and 216,779,700 shares of common stock issued and outstanding, respectively.

During the nine months ended June 30, 2025, the Company did not issue any shares of common stock. During the nine months ended June 30, 2024, the Company issued 2,924,200 shares of common stock for total proceeds of $1,462,100.

**NOTE 5 - RELATED PARTY TRANSACTIONS**

Mr. Hsu Shou Hung ("Mr. Hsu"), a founder of the Company, is currently the Company's CEO and CFO, sole director, and largest shareholder. As of June 30, 2025, Mr. Hsu collectively owns 96,260,000 shares, or 44.40%, of the Company's restricted Common Stock.

At June 30, 2025 and September 30, 2024, $7,130 and $2,666, respectively, are due to Mr. Hsu for advances to the Company for operations. The advances are due on demand, are unsecured, and are non-interest bearing.

Digital Frontier

On April 10, 2025, the Company, Mr. Hsu Shou Hung, the Company's CEO and CFO, and a Singapore private company, formed Digital Frontier Platforms Pte Ltd ("Digital Frontier"). Digital Frontier will be owned 35% by the Company, 30% by Mr. Hsu, and 35% by the Singapore private company. On June 20, 2025, the Company deposited $100,000 (out of a commitment of $1,000,000) to Digital Frontier to be transferred to its share capital account once the other two shareholders have made their respective capital contributions. As of the date of this filing, various corporate formation and governance documents have not been completed for Digital Frontier, and the $100,000 is presented as a deposit-related party. Digital Frontier is being established to pursue opportunities in the digital economy initially concentrating on the education sector.

Huang Tian Limited

On February 25, 2025, the Company entered into a Sale and Purchase Agreement to acquire Huang Tian Limited ("HTL"), a dormant Taiwan private company wholly owned by Mr. Hsu Shou Hung, the Company's CEO and CFO, and largest shareholder. Pursuant to the agreement, the Company agreed to acquire 100% of the issued and outstanding equity interests of Huang Tian Limited for a purchase price of approximately $9,020 (NT$300,000). The acquisition was completed on April 15, 2025, and was accounted for an acquisition of entities under common control. As a result of the acquisition of HTL, a deemed dividend of $3,939 was recorded, which represents the purchase price of $9,000 in excess of identifiable net assets acquired of $5,061. The accompany unaudited condensed consolidated financial statements were not retrospectively adjusted for the acquisition of HTL as of October 1, 2023, for comparative purposes because the historical operations of HTL were deemed to be immaterial to the Company's consolidated financial statements.

<u>Leader Capital</u> 

Mr. Lin Yi Hsiu ("Mr. Jeff Lin") is Chief Executive Officer and a director of Leader Capital Holdings Corp. ("LCHC"), a 6.92% shareholder in the Company. In addition, CPN Investment Limited ("CPN"), a company wholly owned by Mr. Jeff Lin, is also a 6.86% shareholder of the Company. Leader Financial Asset Management Limited ("LFAML"), another company wholly owned by Mr. Jeff Lin, provides consulting services to the Company.

LCHC and its wholly owned subsidiary, LOC Weibo Co., Limited ("LOC") (collectively, "Leader") provide IT and maintenance services to the Company, respectively.

For the nine months ended June 30, 2025 and 2024, the Company incurred the following fees to Leader:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the three months ended June 30, | For the three months ended June 30, | For the nine months ended June 30, | For the nine months ended June 30, |
| Paid to: | Description | **2025** | **2024** | **2025** | **2024** |
| LCHC | IT services | $9000 | $7500 | $27000 | $22500 |
| LOC | IT services | 9258 | 7646 | 30970 | 23426 |
| Total general and administrative expenses | &nbsp;&nbsp;&nbsp;Total | $18258 | $15146 | $57970 | $45926 |

---

**NOTE 6 - SEGMENT REPORTING**

The Company's chief operating decision maker ("CODM") has been identified as the Company's Chief Executive Officer ("CEO"). The Company's CODM evaluates performance and makes operating decisions about allocating resources based on financial data presented on a consolidated basis. Because the CODM evaluates financial performance on a consolidated basis, the Company has determined that it has a single operating segment composed of the consolidated financial results of DFP Holdings, Limited. All of our revenue is derived from one country which is in Taiwan.

The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM. Operating expenses include all remaining costs necessary to operate our business, which primarily include external professional services, income taxes, and other administrative expenses:

---

| | | |
|:---|:---|:---|
|  | As of and for the nine months <br> ended June 30, | As of and for the nine months <br> ended June 30, |
|  | 2025 | 2024 |
| **Revenue** | $931235 | $968941 |
| **Less:** |  |  |
| Salaries and related | 288540 | 366623 |
| Commissions | 226645 | 252117 |
| Operating expenses | 775829 | 422936 |
| Interest income | (19008) | (1344) |
| **Net loss** | $(340771) | $(71391) |

---

**NOTE 7 - SUBSEQUENT EVENTS**

The Company performed an evaluation of subsequent events through the date of filing of these condensed consolidated financial statements with the SEC. There were no material subsequent events which affected, or could affect, the amounts or disclosures in the consolidated financial statements.

**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.**

**OVERVIEW**

DFP Holdings Limited (the "Company" or "we") was incorporated in the State of Nevada on December 8, 2021, and has a fiscal year end of September 30.

**GOING CONCERN**

The Company has an accumulated deficit of $2,122,177 as of June 30, 2025. To date, the operations have been primarily financed through the issuance of common stock. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that these financial statements are issued. The Company's independent registered public accounting firm, in its report on the Company's consolidated financial statements for the year ended September 30, 2024, has also expressed substantial doubt about the Company's ability to continue as a going concern. The Company's financial statements included elsewhere in this Quarterly Report do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

Management estimates that the current funds on hand will be sufficient to continue operations through the next six months. The Company's ability to continue as a going concern is dependent upon its ability to continue to implement its business plan to increase its customer base and realize increased revenues. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**CRITICAL ACCOUNTING POLICIES AND ESTIMATES**

**USE OF ESTIMATES**

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates for assumptions used in impairment testing of long-term assets and the accrual of potential liabilities.

**REVENUE RECOGNITION**

The Company recognizes revenue in accordance with Financial Accounting Standard Board's ("FASB") Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers, following the five-step model prescribed by ASC 606*,* which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

**RECENT ACCOUNTING PRONOUNCEMENTS**

See Note 1 to the Condensed Consolidated Financial Statements.

**RESULTS OF OPERATIONS**

**2025:**

For the three and nine months ended June 30, 2025, we generated revenue of $240,753 and $931,235 respectively.

For the three months ended June 30, 2025, operating costs and expenses were $566,711, including cost of revenue of $94,490, general and administrative expenses of $453,963 and general and administrative expenses to related party of $18,258, respectively.

For the nine months ended June 30, 2025, operating costs and expenses were $1,242,827, including cost of revenue of $307,885, general and administrative expenses of $876,972 and general and administrative expenses to related party of $57,970, respectively.

**2024:**

For the three and nine months ended June 30, 2024, we generated revenue of $439,266 and $968,941, respectively.

For the three months ended June 30, 2024, operating costs and expenses were $399,207, including cost of revenue of $147,820, general and administrative expenses of $236,241, and general and administrative expenses to related party of $15,146, respectively.

For the nine months ended June 30, 2024, operating costs and expenses were $1,034,051, including cost of revenue of $367,188, general and administrative expenses of $620,937, and general and administrative expenses to related party of $45,926, respectively.

**Liquidity and Capital Resources**

The Company has an accumulated deficit of $2,122,177 as of June 30, 2025. To date, the operations have been primarily financed through the issuance of common stock. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that these financial statements are issued. The Company's independent registered public accounting firm, in its report on the Company's consolidated financial statements for the year ended September 30, 2024, has also expressed substantial doubt about the Company's ability to continue as a going concern.

The Company's ability to continue as a going concern is dependent upon the Company's ability to implement its business plans and continue receiving financial support from its officers and shareholders. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company can obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

**Item 3. Quantitative and Qualitative Disclosures about Market Risk.**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**Item 4. Controls and Procedures.**

**DISCLOSURE CONTROLS AND PROCEDURES**

Under the supervision and with the participation of our management, including our principal executive and financial officer, we are responsible for conducting an evaluation of the effectiveness of the design and operation of our internal controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the fiscal period covered by this Report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission ("SEC") reports is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this Report was being prepared. Based on this evaluation, our principal executive and financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of June 30, 2025 due to material weaknesses in our internal control over financial reporting as described below.

**Material Weaknesses**

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our financial statements will not be prevented or detected on a timely basis.

The material weaknesses identified include (i) the Company did not maintain a functioning independent audit committee and did not maintain an independent board; (ii) the Company had inadequate segregation of duties; and (iii) the Company had an insufficient number of personnel with an appropriate level of U.S. GAAP knowledge and experience and ongoing training in the application of U.S. GAAP and SEC disclosure requirements commensurate with the Company's financial reporting requirements.

Notwithstanding the identified material weaknesses, management has concluded that the Financial Statements included in this Quarterly Report on Form 10-Q present fairly, in all material respects, the Company's financial position, results of operations and cash flows for the periods disclosed in conformity with U.S. GAAP.

Planned remediation of material weaknesses

Management is actively engaged in developing and implementing remediation plans to address the material weaknesses described above. These remediation efforts are ongoing and include or are expected to include preparation of written documentation of our internal control policies and procedures, and to increase personnel and technical accounting expertise within the accounting function.

**CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING**

There were no changes in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

**Inherent Limitations on Effectiveness of Controls**

In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design and disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgement in evaluating the benefits of possible controls and procedures relative to their cost.

**PART II. OTHER INFORMATION**

**Item 1. Legal Proceedings.**

The Company is not a party to any threatened or pending legal proceedings.

**Item 1A. Risk Factors.**

Not required by smaller reporting companies. We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**

None.

**Item 3. Default upon Senior Securities.**

None.

**Item 4. Mine Safety Disclosures.**

Not applicable.

**Item 5. Other Information.**

Insider Trading Arrangements

During the quarter ended June 30, 2025, none of our directors or officers adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities to satisfy the affirmative defense conditions of "Rule 10b5-1 trading arrangement" or any "non-Rule 10b5-1 trading arrangement".

Future Plans

As part of its strategic direction, the Company is actively seeking potential business opportunities in sustainable and high-growth sectors. These opportunities may be pursued through the establishment of joint ventures, strategic acquisitions, or the formation of new subsidiaries to conduct the business activities. Management believes these initiatives may generate long-term value, create operational synergies, and enhance the Company's competitive position. While discussions are preliminary and subject to change, the Company remains committed to exploring avenues that support scalable and sustainable growth.

**Item 6. Exhibits.**

The following exhibits are filed or "furnished" herewith:

---

| | |
|:---|:---|
| **Number** | **Description** |
| 3.1 | [Certificate of Incorporation (1)](https://www.sec.gov/Archives/edgar/data/1976900/000149315223016487/ex3-1.htm) |
| 3.2 | [By-laws (1)](https://www.sec.gov/Archives/edgar/data/1976900/000149315223016487/ex3-2.htm) |
| 31.1 | [Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\*](ex31-1.htm) |
| 32.1 | [Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\*](ex32-1.htm) |
| 101.INS | Inline XBRL Instance Document\* |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document\* |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document\* |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document\* |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document\* |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document\* |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document)\* |

---

(1) Previously
 filed and incorporated in the Company's Registration Statement, Amendment No.3 to Form S-1 (File No. 333-271858) with the Securities
 and Exchange Commission on September 6, 2023.

\* Filed herewith.

**XBRL** (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **DFP HOLDINGS LIMITED** | **DFP HOLDINGS LIMITED** |
|  | (Name of Registrant) | (Name of Registrant) |
| Date: August 14, 2025 | By: | */s/ **Hsu Shou Hung*** |
|  | Name: | Hsu Shou Hung |
|  | Title: | Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer) |

---

## Exhibit 31.1

**EXHIBIT 31.1**

**SECTION 302 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER OF DFP HOLDINGS LIMITED**

I, Hsu Shou Hung, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of DFP Holdings Limited;

2. Based on my knowledge, this Quarterly Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(e) and 15d–15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a–15(f) and 15d–15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

(d) Disclosed in this Report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: August 14, 2025 | By: | */s/ Hsu Shou Hung* |
|  |  | Hsu Shou Hung |
|  |  | Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer) |

---

## Exhibit 32.1

**EXHIBIT 32.1**

**SECTION 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER OF DFP HOLDINGS LIMITED**

In connection with the accompanying Quarterly Report on Form 10-Q of DFP Holdings Limited for the quarter ended June 30, 2025, the undersigned, Hsu Shou Hung, Chief Executive Officer, Chief Financial Officer and Director of DFP Holdings Limited, does hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) such Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in such Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, fairly presents, in all material respects, the financial condition and results of operations of DFP Holdings Limited.

---

| | | |
|:---|:---|:---|
| Date: August 14, 2025 | By: | */s/ Hsu Shou Hung* |
|  |  | Hsu Shou Hung |
|  |  | Chief Executive Officer and Chief Financial Officer |
|  |  | (Principal Executive Officer and Principal Financial and Accounting Officer) |

---