Ultimate Holdings Group Reports Increased Net Loss and Financial Challenges for Nine Months Ending April 30, 2025

Ultimate Holdings Group, Inc. reported its financial results for the nine months ending April 30, 2025, revealing a continued lack of revenue generation. The company reported a net loss of $209,937 for the nine-month period, compared to a net loss of $130,565 for the same period in the previous fiscal year. Operating expenses increased significantly, rising to $209,937 from $130,565 year-over-year, primarily due to professional fees. For the three months ending April 30, 2025, the net loss was $61,954, up from $37,920 in the prior year.

The company's balance sheet as of April 30, 2025, showed total assets of $9,526,000, a slight increase from $9,101,000 as of July 31, 2024. However, total liabilities also increased significantly to $489,779 from $258,674, resulting in a shareholders' deficit of $480,253, compared to $249,573 in the previous fiscal period. The increase in liabilities was attributed to operating expenses being funded by related parties, specifically Harbin Co., Ltd., which paid $250,479 in operating expenses on behalf of the company during the nine months ended April 30, 2025.

In terms of strategic developments, Ultimate Holdings Group has not yet engaged in any business combinations or acquisitions, as it continues to seek opportunities for growth. The company underwent a change in control in April 2023, with Ryohei Uetaki becoming the largest controlling shareholder and CEO. Despite these changes, the company has not yet identified a target for acquisition or merger, which is its primary business objective.

Operationally, the company has not reported any customer counts or user statistics, as it has not commenced any revenue-generating activities. The company’s working capital deficit stood at $480,253, raising substantial doubt about its ability to continue as a going concern. Management plans to address this by seeking funding through borrowings from related parties, although there is no assurance that this plan will be successful.

Looking ahead, Ultimate Holdings Group aims to pursue a business combination to achieve long-term growth potential. However, the company acknowledges the challenges it faces, including its current financial position and the absence of revenue. The management's forward-looking statements indicate a focus on identifying potential acquisition targets, but the timeline and success of these efforts remain uncertain.