Mega Fortune Company Limited

What they do

The company's business is conducted by its subsidiary in Hong Kong, QBS System Limited, using the Hong Kong dollar. It is in the Services-Computer Programming Services industry. The registrant was incorporated on January 3, 2024, and its operations are based in Hong Kong. The company's consolidated financial statements are presented in U.S. dollars.

Revenue drivers

• Hong Kong operations — The primary source of revenue is the subsidiary QBS System Limited, which conducts all business in Hong Kong.
• Computer programming services — The company is categorized under the Services-Computer Programming Services industry, indicating its revenue comes from programming services.
• Customer base in Hong Kong — Revenue is generated from customers in Hong Kong, the only operational region identified.

Recent performance

Revenue increased from $3.2M in 2023 to $3.3M in 2024, then jumped to $11.1M in 2025. Net income rose from $536,554 in 2023 to $401,534 in 2024, then to $1.8M in 2025. Diluted EPS was $0.05, $0.04, and $0.17 for those years. Operating cash flow was negative in all three years, reaching -$12.0M in 2025. As of September 30, 2025, total assets were $18.5M, total liabilities $2.9M, and cash & equivalents $764,761.

Strategy

The company does not disclose a specific strategy in the provided excerpts. It is an emerging growth company, as indicated in the filing. The company's operations are conducted entirely through its Hong Kong subsidiary. The company recently went public, with ordinary shares trading on the Nasdaq Capital Market under the symbol MGRT.

Risks

• Foreign exchange risk — The company operates in Hong Kong dollars but reports in U.S. dollars, and exchange rate changes affect the reported value of assets and obligations.
• Negative operating cash flow — Operating cash flow has been negative for three consecutive years, including -$12.0M in 2025, which may indicate liquidity concerns.
• Dependence on Hong Kong operations — All business is conducted through a single subsidiary in Hong Kong, making the company vulnerable to regional economic or regulatory changes.
• Limited cash reserves — Cash and equivalents were only $764,761 as of September 30, 2025, while long-term debt was $661,746, leaving a narrow cash buffer.

Outlook

The filing does not provide explicit forward-looking guidance in the provided excerpts. Management does not discuss future plans or investments in the text. The company's recent revenue growth may continue, but the negative operating cash flow raises concerns about sustainability.