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KEEMO FASHION GROUP LTD 10-Q Filings

KMFG OTC

Every 10-Q that KEEMO FASHION GROUP LTD (KMFG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow KMFG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KMFG filings page.

Rhea-AI Summary

Keemo Fashion Group Limited reported unaudited results for the three months ended June 30, 2026, showing no revenue from either its apparel trading or digital publishing segments and a net loss of $19,099, wider than the prior-year standalone loss. General and administrative expenses were $19,097, mainly professional and listing-related fees.

Total assets were $318,866, including $293,498 of goodwill from the GW Reader acquisition and cash of $22,147. Current liabilities were $648,317, driven by $583,024 due to related parties, resulting in a shareholders’ deficit of $329,451. The company states that these conditions raise substantial doubt about its ability to continue as a going concern and indicates reliance on continued financial support from a shareholder.

Operating cash outflow for the quarter was $24,636, funded by $30,956 of related-party advances. Management identifies multiple material weaknesses in internal control over financial reporting, including lack of an audit committee, inadequate segregation of duties, insufficient policies, and no internal audit function, and concludes disclosure controls and internal control over financial reporting were not effective as of June 30, 2026.

Rhea-AI Summary

Keemo Fashion Group Limited reported very limited operating activity for the quarter and six months ended January 31, 2026. Revenue from its new digital publishing business was less than $1, and there were no apparel trading sales, compared with $9,957 from apparel trading in the prior-year six-month period.

The company posted a net loss of $30,239 for the six months, wider than the prior-year loss of $18,655. As of January 31, 2026, total assets were $322,644, dominated by goodwill of $293,498 from the GW Reader acquisition, while total liabilities were $610,298, resulting in a shareholders’ deficit of $287,654. Cash and cash equivalents were $22,696, and amounts due to related parties totaled $560,908, all interest-free and payable on demand.

Management disclosed “substantial doubt” about the company’s ability to continue as a going concern, citing ongoing losses, negative working capital and shareholders’ deficit, and reliance on shareholder financing. Internal controls over financial reporting were assessed as not effective due to material weaknesses. Subsequent to quarter-end, a stock purchase agreement was signed for Addentax Group Corp. to acquire 34,200,000 shares for approximately $5.5 million, which would transfer about 62.18% of voting rights and cause a change in control upon closing.

Rhea-AI Summary

Keemo Fashion Group Limited filed its quarterly report for the three months ended October 31, 2025, showing a net loss of $12,436 and no revenue from either its apparel trading or newly added digital publishing business. The company completed the acquisition of GW Reader Holding Limited and its subsidiaries, adding a digital publishing segment and recording goodwill of $293,498, which lifted total assets to $322,333.

Despite higher assets, Keemo reported current liabilities of $573,185, including $518,660 due to related parties, and a shareholders’ deficit of $250,852. Management states that these conditions raise “substantial doubt” about the company’s ability to continue as a going concern and indicates reliance on continued financial support from a major shareholder. Cash and cash equivalents were $28,612 at period end, helped by $29,687 of cash acquired with the new subsidiaries and $11,293 of advances from related parties.