Welcome to our dedicated page for Mega Fortune Company SEC filings (Ticker: MGRT), 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.
The Mega Fortune Company Limited (NASDAQ: MGRT) SEC filings page provides access to the company’s public disclosures as a foreign private issuer under U.S. securities laws. Mega Fortune is an Internet of Things ("IoT") solution provider in Hong Kong that operates through its subsidiary QBS System Limited, offering IoT Integration Solution Services, IoT Maintenance and Support services, Business Process Outsourcing ("BPO") services and trading sales.
As a Nasdaq-listed foreign private issuer, Mega Fortune files a registration statement on Form F-1 in connection with its initial public offering and furnishes ongoing reports such as Form 6-K. One Form 6-K describes the announcement of financial results for the first half of the fiscal year ended March 31, 2025, with a press release titled "Mega Fortune Reports First Half 2025 Financial Results" attached as an exhibit. Another Form 6-K details a change in an independent director and the transition from one independent registered public accounting firm to another, including a letter from the former auditor.
Through this page, users can review Mega Fortune’s filed and furnished documents, including registration statements, current reports and related exhibits. These filings explain how the company presents its IoT-focused business model, summarize its reported financial performance for specified periods and outline auditor and governance changes.
Stock Titan enhances these filings with AI-powered summaries that highlight key points from lengthy documents and real-time updates as new submissions appear on the SEC’s EDGAR system. Users can quickly locate Mega Fortune’s periodic financial disclosures, current reports on Form 6-K and other relevant filings, and use AI-generated insights to better understand the information contained in MGRT’s regulatory documents.
Mega Fortune Company Limited files its Form 20-F for the year ended September 30, 2025, detailing its Cayman holding structure and Hong Kong-based IoT solutions business operated through QBS System.
The company reports consolidated revenue of approximately $3.25 million, $3.33 million and $11.09 million, and net gains of about $0.54 million, $0.40 million and $1.79 million for fiscal 2023, 2024 and 2025, respectively, but negative operating cash flow including a $12.00 million outflow in 2025. As of September 30, 2025, 13,750,000 Ordinary Shares were issued and outstanding. IoT Integration Solution Services generated $1.86 million, $1.85 million and $5.96 million, representing 57%, 56% and 54% of revenue over 2023–2025, leaving the business exposed if demand for these solutions weakens. The filing highlights intense IoT competition, heavy reliance on a small customer base (top five customers contributed up to 70% of 2025 revenue), the need for continued R&D and external financing, and key geopolitical and regulatory risks tied to Hong Kong’s status, evolving PRC oversight, cybersecurity and data rules, and the HFCA Act.
Mega Fortune Co Ltd received a new Schedule 13D from Power Partner Capital Limited, Mericorn Company Limited and WANG Zixi, disclosing control of the company. Mericorn directly owns 10,000,000 ordinary shares, which is about 72.73% of Mega Fortune’s issued and outstanding ordinary shares and voting power, based on 13,750,000 shares outstanding as of July 15, 2025. Mericorn is wholly owned by Power Partner Capital, which in turn is wholly owned by WANG Zixi, giving him beneficial ownership of the stake.
The filing explains that Power Partner Capital acquired 100% of Mericorn through a series of agreements in 2025–2026 with former Mericorn shareholders for total cash consideration of around US$6.95 million. Around the same time, multiple directors and senior executives of Mega Fortune resigned and three new directors, including two independent directors, were appointed, signaling a significant shift in ownership and board composition.
Mega Fortune Company Limited reported two corporate governance changes. Effective December 15, 2025, independent director Adrian Wong resigned from the board. The company states that his resignation was not due to any disagreement regarding its operations, policies, or practices.
The company also changed its independent registered public accounting firm. It decided not to reappoint WWC, P.C., which had audited its consolidated financial statements since the year ended September 30, 2022, and informed WWC on December 18, 2025. Mega Fortune engaged WSJ & PARTNERS as its new independent auditor for the fiscal year ended September 30, 2025. The company notes there were no adverse opinions, qualifications, disagreements, or reportable events with WWC during its engagement.
Mega Fortune Company Limited submitted a report stating that it has announced its financial results for the first half of the fiscal year ended March 31, 2025. The announcement was made on September 30, 2025 and is detailed in a press release furnished as Exhibit 99.1 to this report.