Welcome to our dedicated page for Kandal M Venture SEC filings (Ticker: FMFC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Kandal M Venture Limited (Nasdaq: FMFC), a contract manufacturer of affordable luxury leather handbags and small leather goods with manufacturing operations in Cambodia. These documents offer detailed insight into the company’s business, capital structure, and risks as disclosed to regulators.
Investors can review the company’s registration statement on Form F-1 and related documents that supported its initial public offering of Class A ordinary shares on the Nasdaq Capital Market. A Form 6-K current report describes the exercise of the underwriters’ over-allotment option, confirming additional shares sold and total gross proceeds before underwriting discounts and related expenses.
Over time, this filings page will also surface annual and interim reports that present audited or reviewed financial statements, including revenue primarily from handbag sales, cost of sales, gross profit, operating expenses, cash flows, and details on assets and liabilities such as property, plant and equipment, right-of-use assets, borrowings, and lease liabilities. These filings explain how the contract manufacturing business operates from a financial and accounting perspective.
Users can also track current reports on Form 6-K that may cover material events such as capital markets transactions, significant agreements, or other developments described by the company. Stock Titan enhances these filings with AI-powered summaries that highlight key points, clarify technical language, and help readers understand the implications of lengthy documents like registration statements and financial reports.
For those analyzing FMFC, this page centralizes regulatory disclosures from EDGAR in one place, with real-time updates and AI-generated explanations to make complex SEC filings more accessible.
Kandal M Venture Limited, parent of Cambodian leather goods manufacturer FMF and listed on Nasdaq as FMFC, reported unaudited results for the six months ended September 30, 2025. Revenue fell to US$7.9M from US$9.5M, mainly due to higher U.S. import tariffs and related discounts.
Gross profit declined to US$1.5M, with margin contracting from about 23.8% to 18.7% as materials and labor costs rose. Net income dropped to US$168,855 from US$651,621, while basic and diluted EPS decreased from US$0.04 to US$0.01.
Following its June–July 2025 IPO, total equity increased to US$8.0M and all US$5.1M of short-term borrowings were repaid, lifting cash and cash equivalents to US$1.66M. The company also made an US$3.9M loan to a third party, later fully collected in March 2026.
On December 22, 2025, FMFC received a Nasdaq notice for non-compliance with the US$1.00 minimum bid price requirement but retained its listing and was granted an initial 180-day cure period. In March 2026, a subsidiary agreed to acquire 15% of Dumaine International Limited for US$2.5M.
Kandal M Venture Limited reports that its previously announced sales and purchase agreement to acquire 15% of the issued share capital of Dumaine International Ltd has been completed on March 11, 2026. The transaction is classified as a related party transaction.
Before completion, Dumaine was owned 45% by Mr. Miao Duncan and 55% by Mr. Miao Tai Wai, David. After completion, Dumaine’s issued share capital is owned 15% by Padachi M, 38.25% by Mr. Miao Duncan and 46.75% by Mr. Miao Tai Wai, David. Mr. Miao Duncan is the Company’s director and chairman, and the controlling shareholder DMD Venture Limited is owned 45% by him and 55% by Mr. Miao Tai Wai, David. A copy of the acquisition agreement is included as Exhibit 10.1.
Kandal M Venture Limited reported weaker results for the six months ended September 30, 2025, with revenue down about 17.0% to US$7,903,629 from US$9,523,465 a year earlier. Higher U.S. import tariffs and rising material and labor costs pressured performance.
Gross profit fell to US$1,479,542, and gross margin declined from about 23.8% to 18.7%. Net income dropped sharply to US$168,855 from US$651,621, with EPS down to US$0.01 from US$0.04.
Operating cash flow swung to an outflow of US$2,118,963, while net cash from financing was US$7,811,814, mainly from IPO proceeds of US$8,014,981 and repayment of related-party loans and borrowings. The balance sheet strengthened as borrowings fell to zero and total equity rose to US$7,982,494 as of September 30, 2025.
Strategically, Kandal agreed to invest US$2.5 million in a 15% stake in Dumaine International Ltd to expand manufacturing into the Philippines and appointed Mr. Fok Yui Kwong as Executive Director and CEO effective February 1, 2026. The company also highlighted total new orders of about US$17.2 million for the Trans 2026 season.
Kandal M Venture Ltd, a more than ten percent owner of FMFC, filed an initial Form 3 reporting its existing indirect holdings. The filing shows it indirectly holds 3,608,000 A shares and 1,650,000 B shares of Kandal M Venture Limited through DMD Venture Limited as of June 25, 2025. This Form 3 records beneficial ownership positions and does not report any new share purchases or sales.
Kandal M Venture Ltd filed an initial insider ownership report for FMFC. The filing shows that the firm, identified as a director and more than 10% owner with the role of Chairman, holds its stake indirectly through DMD Venture Limited.
The report lists beneficial ownership of 2,952,000 Kandal M Venture Limited A shares and 1,350,000 Kandal M Venture Limited B shares, both held indirectly. These entries reflect existing holdings rather than new buy or sell transactions.
Kandal M Venture Ltd filed an initial insider ownership report (Form 3) for FMFC. The filing identifies Kandal M Venture Ltd as an independent director–level reporting person and, in the provided data, shows no reported transactions, exercises, gifts, or other changes in share ownership.
Kandal M Venture Ltd, listed as an Independent Director of FMFC, has filed an initial insider ownership report on Form 3. The structured data shows no reported transactions, no buy or sell activity, and no derivative positions or holding entries associated with this reporting person.
Kandal M Venture Ltd filed an initial statement of beneficial ownership on Form 3 for FMFC. This filing identifies the entity as an Independent Director-related reporting person for the company. The data provided show no reportable transactions or holdings, serving mainly as a baseline disclosure of insider status.
Kandal M Venture Ltd, listed as a director with a CEO role at Kandal M Venture Ltd, has filed an initial ownership report for FMFC. The filing shows direct ownership of 416,842 shares as of February 1, 2026.
This Form 3 is a baseline disclosure of existing holdings rather than a record of new buying or selling activity.
Kandal M Venture Ltd filed an initial Form 3 as a reporting person for FMFC, formally registering its status as an insider. The filing lists Kandal M Venture Ltd as a director-level reporting person but shows no reported stock transactions and no derivative positions in this statement.