Quarterly UpdatesJun 5, 2026, 06:21 AM
INNEOVA Holdings Total Assets Rise 21.3% to $50.26M
AI Summary
INNEOVA Holdings Ltd. reported its unaudited consolidated balance sheet as of March 31, 2026, showing a 21.3% increase in total assets to $50.26 million from $41.42 million at December 31, 2025. This growth was primarily driven by significant increases in accounts receivable from third parties and customer deposits. Total liabilities also rose by 23.2% to $44.90 million, reflecting higher customer deposits and bank borrowings, while shareholders' equity increased by 7.8% to $5.36 million.
Key Highlights
- Total assets increased 21.3% to $50.26 million as of March 31, 2026.
- Total liabilities rose 23.2% to $44.90 million.
- Shareholders' equity grew 7.8% to $5.36 million.
- Accounts receivable from third parties increased 40.8% to $11.17 million.
- Customer deposits surged 69.8% to $9.59 million.
- Deposits, prepayments, and other receivables rose 94.4% to $7.68 million.
- Current bank borrowings increased 7.9% to $19.08 million.
Price Impact
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