UbuyHoldings Reports $52,117 Net Loss and Ongoing Financial Challenges

UbuyHoldings, Inc. reported a net loss of $52,117 for the nine months ending February 28, 2026, compared to no revenue during the same period in the previous fiscal year. The company’s operating expenses for the nine months totaled $52,117, primarily attributed to general and administrative costs. As of February 28, 2026, UbuyHoldings had total liabilities of $104,842, which included $100,753 in notes payable to related parties, a significant increase from $18,584 reported as of May 31, 2025. The accumulated deficit rose to $14,318,402, reflecting ongoing financial challenges.

In terms of organizational changes, UbuyHoldings has undergone significant restructuring since July 2023, when Custodian Ventures LLC was appointed as custodian of the company. This led to the appointment of David Lazar as CEO and the subsequent sale of 10,000,000 shares of Series A-1 Preferred Stock to AEI Capital Ltd. in June 2024. The transaction resulted in a complete change in the board of directors, with John Tan Honjian now serving as CEO and CFO. The company has not engaged in any business operations since its restructuring and is currently classified as a "shell company."

UbuyHoldings has not reported any customer counts or user statistics, as it currently has no operations or revenue-generating activities. The company’s management has indicated plans to explore potential business combinations, including reverse mergers or asset purchases, to re-enter the market. However, no discussions with potential partners have taken place as of the report date. The company’s ability to identify and implement a viable business strategy remains uncertain, particularly given the ongoing economic challenges.

The company’s financial outlook is constrained by its lack of cash reserves, with no cash or cash equivalents reported as of February 28, 2026. Management anticipates incurring further operating losses in the next 12 months, primarily due to costs associated with SEC reporting obligations. UbuyHoldings is reliant on financial support from related parties to sustain operations, and the management has acknowledged the risks associated with pursuing a business combination, particularly in a competitive and uncertain economic environment.

In summary, UbuyHoldings, Inc. is navigating a challenging financial landscape with a focus on restructuring and potential business opportunities. The company’s current lack of operations and revenue, combined with a significant accumulated deficit, raises concerns about its ability to continue as a going concern without securing additional financing or successfully executing a business combination.