SEDAR Interim Financial Statements

[
  {
    "companyName": "Raffles Financial Group Limited",
    "reportingPeriodEnd": "2026-03-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "inventory": 63359210,
      "financialAssetsAtFvoci": null,
      "otherReceivableAndPrepaidExpenses": null,
      "cashAndCashEquivalents": 684,
      "totalCurrentAssets": 63359894,
      "totalAssets": 63359894,
      "otherPayablesAndAccruedLiabilities": 1166520,
      "borrowings": 244816,
      "totalCurrentLiabilities": 1411336,
      "totalLiabilities": 1411336,
      "netAssets": 61948558,
      "shareCapital": 25999591,
      "accumulatedOtherComprehensiveIncome": 18784487,
      "retainedEarnings": 17164480,
      "totalEquity": 61948558
    },
    "incomeStatement": {
      "revenue": 0,
      "administrativeExpenses": -494685,
      "lossBeforeOtherItemsAndIncomeTax": -494685,
      "otherIncome": 5449482,
      "borrowingCosts": -11775,
      "foreignExchangeGain": 1993380,
      "netIncomeBeforeIncomeTax": 6936402,
      "incomeTaxExpense": 0,
      "netIncome": 6936402,
      "otherComprehensiveIncome": {
        "foreignCurrencyTranslation": -577588,
        "unrealizedGainOnInvestments": 9223828,
        "totalOtherComprehensiveIncome": 8646240
      },
      "totalComprehensiveIncome": 15582642,
      "basicEarningsPerShare": 0.14,
      "dilutedEarningsPerShare": 0.14,
      "weightedAverageSharesOutstandingBasic": 50105000,
      "weightedAverageSharesOutstandingDiluted": 50105000
    },
    "cashFlowStatement": {
      "netIncomeBeforeIncomeTax": 6936402,
      "adjustments": {
        "borrowingCosts": 11775,
        "gainsOnAssetSwap": -5449482,
        "foreignExchangeGain": -1864161
      },
      "operatingCashFlowBeforeWorkingCapitalChanges": -365466,
      "changesInWorkingCapital": {
        "otherReceivableAndPrepaidExpenses": 2316,
        "otherPayablesAndAccruedLiabilities": 479126
      },
      "netCashFromOperatingActivities": 115976,
      "netCashFromInvestingActivity": 0,
      "netCashFromFinancingActivity": 0,
      "effectOfForeignExchangeOnCash": -115391,
      "netIncreaseInCash": 585,
      "cashAtBeginning": 99,
      "cashAtEnd": 684
    },
    "derivedMetrics": {
      "cashPerShare": 0.0000,
      "workingCapitalPerShare": 1.2365
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Securities",
        "description": "Tencent Holdings Limited shares swapped on Dec 31, 2025 for MSC inventory",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "As at March 31, 2026, no remaining investment; swapped in asset swap."
      }
    ],
    "shareStructure": {
      "authorizedShares": "5,000,000,000 common shares without par value",
      "issuedShares": 50105000,
      "classesOfShares": ["Common Shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": "Convertible bond with lender, convertible into common shares at C$2.60 per share, subject to shareholder and regulatory approvals. Not yet approved."
    },
    "managementCompensation": {
      "currency": "SGD",
      "periods": [
        {
          "period": "9 months ended March 31, 2026",
          "components": {
            "totalDirectorFees": 167492
          }
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Directors",
          "description": "Amount due to directors (unsecured, interest-free, repayable on demand)",
          "amount": 980092,
          "period": "March 31, 2026"
        }
      ]
    },
    "subsequentEvents": []
  }
]