Ankam, Inc. reported significant financial growth in its latest 10-K filing for the fiscal year ending November 30, 2025, with total revenues reaching $325,000, a substantial increase from $104,450 in the previous year. This growth is attributed to the launch of its subsidiary, Mei Sheng Corporation Limited, which focuses on expanding the company's market share in the Asia Pacific region. Despite the increase in revenue, the company reported a net loss of $67,152, an improvement from the $136,846 loss recorded in the prior fiscal year.
Operating expenses for Ankam, Inc. decreased to $242,292 in 2025 from $395,604 in 2024. The reduction in expenses was primarily due to lower director fees, server expenses, and professional fees. Notably, the company eliminated software development expenses, which had previously amounted to $26,640. The decrease in operating costs contributed to a higher gross profit of $175,100, compared to $104,450 in the previous year.
Strategically, Ankam, Inc. has made several key developments, including the establishment of a wholly-owned subsidiary, Ankam LLC, and the acquisition of Apex Intelligence LLC for $158,040. The acquisition includes a currency converter service and associated intellectual property. Additionally, the company has undergone a leadership change, with Wang Wen Lung appointed as President and Secretary following the resignation of Bakur Kalichava. The company also formed a new subsidiary, Mei Sheng Corporation Limited, to enhance its presence in Asian markets.
As of November 30, 2025, Ankam, Inc. reported total assets of $183,552, up from $178,708 in 2024, with cash reserves increasing to $131,710. However, total liabilities also rose to $574,813 from $502,817, leading to an increase in stockholders' deficit from $324,109 to $391,261. The company has an accumulated deficit of $564,891, indicating ongoing financial challenges as it continues to develop its business.
Looking ahead, Ankam, Inc. plans to enhance its marketing strategies to build awareness for its applications, Expense Minder and MoneySaverApp. The company aims to leverage digital marketing and app store optimization to increase user engagement and drive subscriptions. However, the company acknowledges that its future operations depend on securing additional funding, which may impact its ability to continue expanding and developing its product offerings.
About Ankam, Inc.
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