KHEOBA Ltd (KHOBF) reported unaudited results for the six months ended April 30, 2026, showing a sharp downturn. Revenue was $140,000, down from $325,128 a year earlier, and the company moved from net income of $213,962 to a net loss of $268,355, or ($0.03) per share.
Total assets fell to $330,496 from $940,154 at October 31, 2025, as cash decreased to $318,157. Operating cash flow was a use of $365,359 versus positive $198,073 in the prior period, reducing shareholders’ equity to $165,865. Management states that the recurring losses, cash burn and revenue drop raise substantial doubt about the company’s ability to continue as a going concern, though this is partly mitigated by $54,323 of non‑interest-bearing related-party advances and a formal financial support agreement from the controlling shareholder. Results also reflect elevated professional fees of $159,698, described as largely non‑recurring costs tied to the Redomicile Merger. The interim financial statements are prepared by management and have not been reviewed by an independent auditor.
KHEOBA Ltd director and ten percent owner Tong Tien Seng has filed an initial Form 3 reporting his holdings in the company. The filing shows ownership of 6,000,000 Class A Ordinary Shares held directly after the reported date, establishing his significant equity position in KHEOBA Ltd.
Kheoba Limited files its annual report describing a major pivot from tourism-focused software to higher-margin software consulting and Web3 advisory. For the year ended October 31, 2025, revenue rose to $1,160,058 and net income reached $430,073, supported by strong operating cash flow of $676,735 and cash of $683,483.
The business is still early-stage and highly concentrated, with the largest customer contributing about 31% of 2025 revenue and the top three customers 66%, while accounts receivable of $187,828 and payables of $331,402 highlight working-capital risk. Management also discloses a going-concern risk and a need for additional capital despite recent profitability.
Governance remains very lean, with a single director and one executive serving as both CEO and CFO, and the company does not maintain general liability insurance. Kheoba operates through subsidiaries in Singapore and Hong Kong under complex data protection and fintech-related regulations, which, together with cybersecurity, compliance, and competitive pressures, form key ongoing risk factors for holders of its 8,092,000 ordinary shares outstanding as of February 27, 2026.