OFAL on Nasdaq
OFA Group
Co-Development Agreement was further amended by an Assignment Agreement (as described below).4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerOFAL on Nasdaq1
- IndustryServices-Engineering Services1
- HeadquartersRolling Hills, California1
- Incorporated inCayman Islands3
- Business address609 Deep Valley Drive,, Suite 200,, Rolling Hills, Ca 902743
- Filer category, Emerging growth company3
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Co-Development Agreement was further amended by an Assignment Agreement (as described below).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
22.9%Gross margin2
-1118.5%Operating margin2
-1119.1%Net margin2
254.9%Revenue growth, 20262
-73.0%Return on equity2
0.04×Debt to equity2
-$4.8MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Design and Fit-out Services brought in 85% of the revenue OFA Group broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Design and Fit-out Services | $97.4K | $609.5K |
| Others | $104.6K | $107.4K |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue28¢$553.0K
- Selling, general and admin72¢$1.4M
- Income tax0¢$66
Out of $716.9K in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Project income | $716.9K | $202.0K |
| Cost of revenue | $553.0K | $113.4K |
| Gross profit | $163.8K | $88.6K |
| Depreciation and amortization | $1.6M | |
| Selling, general and administrative | $1.4M | $370.0K |
| Professional services | $2.7M | $113.7K |
| Advertising and marketing | $530.5K | $20.6K |
| Salaries and wages | $1.9M | $271.6K |
| Total operating expenses | $8.2M | $775.8K |
| Loss from operations | -$8.0M | -$687.2K |
| Government subsidies | $9.0K | $20.0K |
| Interest expense | -$13.7K | -$48.5K |
| Interest income | $464 | $968 |
| Total other expense | -$4.2K | -$27.5K |
| Loss from operations before income taxes | -$8.0M | -$714.7K |
| Provision for income taxes | -$66 | |
| Net Loss | -$8.0M | -$714.7K |
| Dividends and accretion to redeemable preferred equity | -$714.4K | |
| Net Loss attributable to common shareholders | -$8.7M | -$714.7K |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-11-30 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|---|
| Cash | $1.0M | $31.9K | ||
| Restricted cash-held by affiliate | $1.7M | |||
| Prepaid expense | $59.5K | |||
| Contract assets | $3.1K | $8.5K | ||
| Account receivables, net | $3.7K | $7.5K | ||
| Deferred offering costs | $1.1M | $266.0K | ||
| Total current assets | $3.9M | $313.9K | ||
| Rent deposit | $122.9K | $16.0K | ||
| Right-of-use asset - operating lease | $635.6K | $38.0K | ||
| Property, plant and equipment, net | $897.0K | |||
| Intangible assets, net | $16.1M | |||
| Total non-current assets | $17.7M | $54.0K | ||
| Total assets | $21.6M | $367.9K | ||
| Account payable | $516.0K | |||
| Accrued liabilities | $6.0M | $2.2K | ||
| Contract liabilities | $62.2K | $131.6K | $101.7K | |
| Current maturities of loan payable | $22.2K | $378 | ||
| Due to related parties | $286.2K | $48.5K | ||
| Operating lease liabilities | $164.4K | $38.1K | ||
| Commitment fee payable | $897.2K | |||
| Total current liabilities | $8.0M | $220.7K | ||
| Loan payable, net of current | $448.1K | $473.2K | ||
| Operating lease liabilities | $454.4K | |||
| Total non-current liabilities | $902.5K | $473.2K | ||
| Total liabilities | $8.9M | $693.9K | ||
| Additional paid-in capital | $19.5M | $641.8K | ||
| Share payable | $535.5K | |||
| Accumulated deficit | -$9.1M | -$1.0M | ||
| Accumulated other comprehensive income | $64.0K | $49.7K | ||
| Total shareholders equity (deficit) | $11.0M | -$326.0K | -$268.2K | |
| Total liabilities, Mezzanine Equity and shareholders equity | $21.6M | $367.9K | ||
| Ordinary shares, par value | $0.00 | $0.00 |
| Period ending | 2026-03-31 | 2025-11-30 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|---|
| Cash | $1.0M | $31.9K | ||
| Restricted cash-held by affiliate | $1.7M | |||
| Prepaid expense | $59.5K | |||
| Contract assets | $3.1K | $8.5K | ||
| Account receivables, net | $3.7K | $7.5K | ||
| Deferred offering costs | $1.1M | $266.0K | ||
| Total current assets | $3.9M | $313.9K | ||
| Rent deposit | $122.9K | $16.0K | ||
| Right-of-use asset - operating lease | $635.6K | $38.0K | ||
| Property, plant and equipment, net | $897.0K | |||
| Intangible assets, net | $16.1M | |||
| Total non-current assets | $17.7M | $54.0K | ||
| Total assets | $21.6M | $367.9K | ||
| Account payable | $516.0K | |||
| Accrued liabilities | $6.0M | $2.2K | ||
| Contract liabilities | $62.2K | $131.6K | $101.7K | |
| Current maturities of loan payable | $22.2K | $378 | ||
| Due to related parties | $286.2K | $48.5K | ||
| Operating lease liabilities | $164.4K | $38.1K | ||
| Commitment fee payable | $897.2K | |||
| Total current liabilities | $8.0M | $220.7K | ||
| Loan payable, net of current | $448.1K | $473.2K | ||
| Operating lease liabilities | $454.4K | |||
| Total non-current liabilities | $902.5K | $473.2K | ||
| Total liabilities | $8.9M | $693.9K | ||
| Additional paid-in capital | $19.5M | $641.8K | ||
| Share payable | $535.5K | |||
| Accumulated deficit | -$9.1M | -$1.0M | ||
| Accumulated other comprehensive income | $64.0K | $49.7K | ||
| Total shareholders equity (deficit) | $11.0M | -$326.0K | -$268.2K | |
| Total liabilities, Mezzanine Equity and shareholders equity | $21.6M | $367.9K | ||
| Ordinary shares, par value | $0.00 | $0.00 |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net Loss | -$8.0M | -$714.7K |
| Bad debt expenses | $17.7K | |
| Depreciation and amortization | $1.6M | |
| Share-based compensation expense | $555.5K | |
| Shares issued for professional services | $1.0M | |
| Interest forgiven | $32.2K | |
| Shareholder investment | $79.8K | |
| Due to related party | $284.5K | $48.4K |
| Contract assets | $5.4K | $37.2K |
| Account receivables | $3.7K | -$25.2K |
| Prepaid expenses | -$59.5K | |
| Rent deposit | -$106.9K | -$8.2K |
| Right-of-use asset | $64.6K | $77.1K |
| Deferred offering costs | -$100.0K | $340.3K |
| Right-of-use liabilities | -$81.5K | -$77.3K |
| Contract liabilities | -$68.7K | $29.2K |
| Account payable | $447.2K | -$15.1K |
| Accrued expenses | $199.8K | $2.2K |
| Net cash used in operating activities | -$4.2M | -$256.2K |
| Purchases of property and equipment | -$591.2K | |
| Purchases of intellectual property | -$12.1M | |
| Net cash used in investing activities | -$12.7M | |
| Proceeds from issuance of Class A Ordinary Shares upon initial public offering, net of underwriting discounts, commissions and other offering costs | $15.3M | |
| Proceeds from the issuance of Class B shares | $20.0K | |
| Proceeds from the issuance of Series A Preferred Shares, net | $4.2M | |
| Payment of loans | -$3.3K | -$1.5K |
| Net cash provided by (used in) financing activities | $19.6M | -$1.5K |
| Net change in cash | $2.7M | -$257.7K |
| Effect of currency translation on cash and cash equivalents | $9.7K | $21.5K |
| Cash paid for interest | $1.1K | $16.3K |
| Establishment of ROU assets and liabilities | $662.4K | $82.4K |
| Accretion to redeemable preferred equity | $637.9K | |
| Dividends on Series A Preferred Shares | $49.1K | |
| Shareholder distribution | $600.0K | |
| Debt conversion | $600.0K | |
| Stock Issued for services | $85.8K | |
| Deferred IPO costs reclassified to APIC | $266.0K | |
| Ordinary Shares issued for conversion of Series A Preferred Shares | $3.2M | |
| Issuance of 250,000 shares of Ordinary Shares as commitment shares | $1.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led OFA Group, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerLi Hsien Wong Apr 1, 2026 to now7
Board members and other officers (5)
- Chief Operations OfficerThomas Michael Gaffney Apr 1, 2026 to now8
- Chief Technology OfficerWai Wong Chong Apr 1, 2026 to now9
- Board memberJohn Chiang Mar 18, 2026 to now10
- Board memberLi Hsien Wong Apr 1, 2026 to now7
- Board memberWai Wong Chong Apr 1, 2026 to now9
Timeline
- Apr 1, 2026New chief executive Li Hsien Wong becomes CEO7
Filings
92 filings to the SEC since October 2021: 2 annual reports, 1 quarterly reports, 13 major events, 6 insider forms, 4 large holders, 66 other. The latest 20:
- Oct 9, 20263 EDGAR
- Oct 9, 20268-K EDGAR
- Oct 5, 20268-K EDGAR
- Sep 25, 2026DEF 14A EDGAR
- Sep 15, 2026PRE 14A EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 27, 20268-K EDGAR
- Jul 14, 202610-K EDGAR
- Jun 30, 2026NT 10-K EDGAR
- Jun 24, 2026EFFECT EDGAR
- Jun 23, 20268-K EDGAR
- Jun 22, 2026CORRESP EDGAR
- Jun 22, 2026UPLOAD EDGAR
- Jun 12, 20268-K EDGAR
- Jun 10, 2026S-1 EDGAR
- Jun 8, 20268-K EDGAR
- May 27, 2026144 EDGAR
- May 26, 20268-K EDGAR
- May 15, 2026144 EDGAR
The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Greentree Financial Group, IncSCHEDULE 13G, 1 filing Feb 27, 202611
- CP Cowork LtdSCHEDULE 13G, 1 filing Aug 13, 202512
- FNHK Inc.SCHEDULE 13G, 1 filing Aug 13, 202513
- R-OPUS Inc.SCHEDULE 13G, 1 filing Aug 13, 202514
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGAROFA Group filings on SEC EDGAR
- 2SEC EDGAROFA Group 10-K for fiscal 2026
- 3SEC EDGAROFA Group filings on SEC EDGAR
- 4
- 5SEC EDGAROFA Group 10-K for fiscal 2023
- 6SEC EDGAROFA Group 10-Q for fiscal 2025
- 7
- 8
- 9
- 10SEC EDGARJohn Chiang, Board member
- 11
- 12
- 13SEC EDGARFNHK Inc. SCHEDULE 13G on OFA Group
- 14