I
INNO HOLDINGS INC.
INHDCIK 0001961847NasdaqEmerging GrowthSteel Pipe & TubesTexasFY ends Sep 30
Period
FY 2025
Revenue
$2.85M
Net Income
$-7.08M
Total Assets
$16.01M
Equity
$15.17M
Shares Out
8.41M
Op. Cash Flow
$-4.73M
Business
INNO HOLDINGS INC. is an innovative technology company engaged in sourcing, purchasing, refurbishing and reselling recycled consumer electronic devices. The company offers Like‑New recycled smartphones (various iPhone models) and tablets (various iPad models), with plans to expand into laptops, smartwatches, headphones and other accessories. It conducts operations through two Hong Kong‑based subsidiaries that manage procurement, inspection, testing, refurbishment, inventory management and wholesale sales activities. INNO distributes products to wholesalers who resell to wholesale and retail customers across Southeast Asia, Middle East Asia, Europe and other regions.
Summary from filing dated 2025-12-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|
| Total revenue | 3 | — | 799,747 | 5 | |
| Costs of goods sold | 3 | — | — | — | |
| Total cost of sales | 3 | — | — | — | |
| GROSS PROFIT | 55,750 | — | — | — | |
| Selling, general and administrative expenses (exclusive of expenses shown separately below) | 4 | 844,844 | 2 | 2 | |
| Impairment loss on goodwill | 3,514 | — | — | — | |
| Total operating expenses | 4 | 844,844 | 5 | 5 | |
| LOSS FROM OPERATIONS | −4 | −844,844 | −4 | −809,978 | |
| Interest income, net | 62,925 | 99,744 | — | — | |
| Loss on investment disposal | −2 | — | — | — | |
| Change in fair value of SEPA | −370,546 | — | — | — | |
| Other non-operating income, net | 9,366 | 138,208 | 32,922 | — | |
| Total other (expenses) income, net | −2 | 237,952 | −39,196 | −310,114 | |
| LOSS BEFORE INCOME TAXES | −7 | −606,892 | −4 | −1 | |
| INCOME TAX EXPENSE | −800 | −800 | — | 9,915 | |
| NET LOSS FROM CONTINUING OPERATIONS | −7 | −607,692 | — | — | |
| Net loss from discontinued operations | −195,796 | −3 | — | — | |
| NET LOSS | −7 | −3 | −4 | −1 | |
| Non-controlling interest | 69,517 | −37,298 | −127,426 | −121,345 | |
| NET LOSS ATTRIBUTABLE TO INNO HOLDINGS INC. | −7 | −3 | −4 | −1 | |
| Basic (shares) | 5 | 2 | 2 | 17 | |
| Diluted (shares) | 5 | 2 | 2 | 17 | |
| Basic from Continuing Operation | −1.26 | −0.3 | — | — | |
| Diluted from Continuing Operation | −1.26 | −0.3 | — | — | |
| Basic from Discontinuing Operation | −0.05 | −1.29 | — | — | |
| Diluted from Discontinuing Operation | −0.05 | −1.29 | — | — | |
| Basic (per share) | −1.31 | −1.59 | −2.15 | −0.06 | |
| Diluted (per share) | −1.31 | −1.59 | −2.15 | −0.06 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalent | 10 | 1 | 4,898 | 50,628 | — | |
| Inventories | 2 | — | 394,293 | 329,904 | — | |
| Prepayments and other current assets | 2 | 65,797 | 180,467 | 176,591 | — | |
| Current assets from discontinued operations | — | 3 | — | — | — | |
| Total current assets | 14 | 4 | 1 | 2 | — | |
| Goodwill, net | — | — | — | — | — | |
| Equity investment | 2 | — | — | — | — | |
| Total non-current assets | 2 | — | 1 | 1 | — | |
| Total assets | 16 | 4 | 3 | 4 | — | |
| Advance from customer | 100,000 | — | — | — | — | |
| Other payables and accrued liabilities | 318,110 | 138,700 | 92,164 | 46,043 | — | |
| Short-term loan payable | 50,000 | 50,000 | 790,000 | 710,000 | — | |
| Current liabilities from discontinued operations | — | 1 | — | — | — | |
| Total current liabilities | 468,110 | 1 | 4 | 2 | — | |
| SEPA liabilities | 370,546 | — | — | — | — | |
| Total non-current liabilities | 370,546 | — | 386,663 | 511,868 | — | |
| Total liabilities | 838,656 | 1 | 4 | 3 | — | |
| Common stock, no par value; 100,000,000 shares authorized; 12,948,480 and 2,279,960 shares issued and outstanding on September 30, 2025 and September 30, 2024 | — | — | — | — | — | |
| Additional paid in capital | 30 | 11 | 3 | 2 | — | |
| Accumulated deficit | −15 | −8 | −5 | −629,037 | — | |
| Non-controlling interest | — | −212,354 | −248,771 | −121,345 | — | |
| Total equity | 15 | 3 | −2 | 1 | 384,625 | |
| Total liabilities and equity | 16 | 4 | 3 | 4 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|
| Net loss from discontinuing operations | −265,313 | −3 | — | — | |
| Stock-based compensation expense | 2 | 146,333 | 41,667 | — | |
| Loss from investment disposal | 2 | — | — | — | |
| Change in fair value of SEPA | 370,546 | — | — | — | |
| Inventories | −2 | — | −64,389 | −44,794 | |
| Deferred offering costs | — | −51,701 | — | — | |
| Prepayments and other current assets | −133,710 | −4 | 79,457 | −156,153 | |
| Accounts payable | — | −31,248 | — | — | |
| Accounts payable - related party | — | −263,592 | — | — | |
| Advance from customer | 100,000 | — | 936,098 | — | |
| Operating lease liabilities | — | −39,221 | −76,991 | — | |
| Other payables and accrued liabilities | 178,496 | 296,522 | 40,667 | −12,992 | |
| Operating cash flow used by discontinued operations | −398,948 | 1 | — | — | |
| Net cash used in operating activities | −5 | −6 | −1 | −2 | |
| Purchase of investment in equity investee | −4 | — | — | — | |
| Proceed from investment disposal | 352,000 | — | — | — | |
| Net cash used in investing activities by discontinued operations | −26,853 | −547,060 | — | — | |
| Net cash used in investing activities | −3 | −547,060 | −244,899 | −684,815 | |
| Payments to related parties | — | −627,000 | −134,861 | — | |
| Payments to short-term loans | — | −180,000 | 230,000 | 710,000 | |
| Warrants assumption | — | −13,000 | — | — | |
| Proceeds from IPO | — | 8 | — | — | |
| Shares issued for cash | 17 | — | — | — | |
| Net cash used in financing activities by discontinued operations | — | −485,765 | — | — | |
| Net cash provided by financing activities | 17 | 7 | 1 | 2 | |
| CHANGES IN CASH AND CASH EQUIVALENT | 9 | 1 | −45,730 | −46,233 | |
| Cash paid for income tax | — | 800 | 3,500 | 23,724 | |
| Cash paid for interest | — | 23,697 | 43,909 | 10,114 | |
| Noncash deferred offering costs offset to APIC upon IPO completion | — | 590,466 | — | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | 356,741 | 104,690 | — | |
| Deposit applied to lease liability | — | 39,699 | — | — |
Filings
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