Mega Fortune Co Ltd (MGRT) SEC Filings & Earnings Calls
EquiReason read 8 Mega Fortune Co Ltd SEC filings in the last 12 months. Latest: 6-K on 2026-09-29 — Mega Fortune reports H1 FY2026 revenue down 90.3% to $522K, net loss of $3.4M vs prior year profit of $912K; all revenue segments declined sharply; selling expenses surged 1915%..
Source: SEC EDGAR filings · read by EquiReason
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last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
29 Sep 20266-KMega Fortune reports H1 FY2026 revenue down 90.3% to $522K, net loss of $3.4M vs prior year profit of $912K; all revenue segments declined sharply; selling expenses surged 1915%.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · H1-2026 | $522171.00 | -90% y/y |
| IoT Solutions services revenue · IoT Integration Solutions · H1-2026 | $313174.00 | -89% y/y |
| BPO services revenue · BPO · H1-2026 | $33289.00 | -97% y/y |
| IoT Support and Maintenance services revenue · IoT Support and Maintenance · H1-2026 | $156393.00 | -86% y/y |
| Trading income · Trading · H1-2026 | $19315.00 | -44% y/y |
| Cost of revenue · H1-2026 | $365574.00 | -91% y/y |
| Gross profit · H1-2026 | $156597.00 | -89% y/y |
| Gross profit margin · H1-2026 | 30.0% | |
| Selling and marketing expenses · H1-2026 | $3M | +1915% y/y |
| General and administrative expenses · H1-2026 | $1M | +398% y/y |
Risks flagged
Severe revenue decline across all segments; no new customers; client base shrinking; operating expenses surging.
“Revenue down 90.3%; BPO revenue down 97.4%; selling expenses up 1915%; net loss of $3.4M.”
Going concern risk due to sustained losses and cash burn; no forward guidance.
“Net loss of $3.4M; no cash flow or liquidity disclosure; downsizing operations.”
21 May 2026SC 13D/APower Partner Capital Limited and affiliates disclosed beneficial ownership of 77.27% of Mega Fortune Co Ltd, indicating control.open
Figures in the filing · each found in the filing text
| Beneficial ownership percentage · 2026-05-21 | 77.3% |
Risks flagged
Control concentration risk
“In the aggregate, the Reporting Persons beneficially own 10,625,237 ordinary shares of the Issuer, representing approximately 77.27% of the Issuer's total issued and outstanding ordinary shares and approximately 77.27% of the total voting power.” · word for word
21 May 2026SC 13D/APower Partner Capital Limited and affiliates disclosed beneficial ownership of 77.27% of Mega Fortune Co Ltd, indicating control.open
Figures in the filing · each found in the filing text
| Beneficial ownership percentage · 2026-05-21 | 77.3% |
Risks flagged
Control concentration risk
“In the aggregate, the Reporting Persons beneficially own 10,625,237 ordinary shares of the Issuer, representing approximately 77.27% of the Issuer's total issued and outstanding ordinary shares and approximately 77.27% of the total voting power.” · word for word
20 Apr 20266-KMultiple director and officer resignations and appointments at Mega Fortune Company Limited, including CFO and COO changes, with no reported disagreements.open
Risks flagged
Leadership instability due to multiple simultaneous resignations, though no disagreements cited.
“Resignation of four directors/officers on consecutive days, including CFO and COO.”
3 Feb 202620-FMega Fortune reported FY2025 revenue of $11.09M (+233% YoY) and net profit of $1.79M, but operating cash flow was deeply negative at -$12.00M.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · FY2025 | $11M | +233% y/y |
| Net Profit · FY2025 | $2M | +348% y/y |
| Operating Cash Flow · FY2025 | $-12M | |
| IoT Integration Solution Services Revenue · IoT Integration Solution Services · FY2025 | $6M | +222% y/y |
Risks flagged
Negative Operating Cash Flow
“Operating cash flow worsened to -$12.00M in FY2025 despite net profit of $1.79M.”
Customer Concentration
“Top 5 customers represent 70% of revenue.”
Geopolitical and Regulatory Risk
“Potential delisting risk under HFCA Act and US-China trade tensions.”
Limited Operating History
“Mega Fortune was incorporated in January 2024, making forecasting difficult.” · word for word
18 Dec 20256-KResignation of independent director Adrian Wong and change in certifying accountant from WWC to WSJ & PARTNERS, both without disagreement.open
Risks flagged
Auditor change may signal governance or accounting concerns, though no disagreements reported.
“Change in certifying accountant from WWC to WSJ & PARTNERS, effective December 18, 2025.”
Mega Fortune Co Ltd — questions
- What did Mega Fortune Co Ltd file recently?
- 8 SEC filings in the last 12 months. Latest: 6-K on 2026-09-29 — Mega Fortune reports H1 FY2026 revenue down 90.3% to $522K, net loss of $3.4M vs prior year profit of $912K; all revenue segments declined sharply; selling expenses surged 1915%.
Every figure on this page comes from Mega Fortune Co Ltd's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.