Minerva Gold Inc. reported a revenue increase to $33,500 for the fiscal year ending February 28, 2026, up from $26,000 in the previous year. Despite this growth, the company incurred a net loss of $9,389, compared to a loss of $7,123 in the prior year. Operating expenses rose to $42,889 from $33,123, primarily due to increased general and administrative costs. The company's total assets decreased significantly to $10,116 from $27,005, while current liabilities also saw a reduction to $60,280 from $67,780.
A significant change in control occurred on April 10, 2026, when Zhang Chengcheng acquired approximately 76.10% of the company's common stock, leading to a shift in leadership as he was appointed as the Sole Director and CEO. This change coincided with the company's strategic move to diversify its operations by entering the design services sector, alongside its core focus on mineral property exploration. The company has also entered into a Letter of Intent to acquire Taizhou Sentian Sanitary Ware Co., Ltd., which is expected to be finalized by May 31, 2026.
Operationally, Minerva Gold has not reported any significant customer metrics or engagement statistics, as its revenue is primarily derived from two customers. The company has maintained a consistent employee headcount of approximately 100 staff at Taizhou Sentian, which specializes in manufacturing sanitary ware. The company’s stock remains held by 52 shareholders, with no dividends declared or anticipated in the near future.
The company’s financial outlook remains cautious, as it has accumulated a deficit of $86,564 since its inception in 2021. Management has indicated that additional capital will be necessary to support ongoing operations and future growth initiatives. The company plans to raise funds through equity or debt securities, although it acknowledges the potential for dilution of current shareholders. The ability to secure financing on acceptable terms remains uncertain, which could impact the company's operational capabilities moving forward.
About Minerva Gold Inc.
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