Skycorp Solar Group Limited

Skycorp Solar Group Limited reported FY2025 revenues of $63.3M with gross profit of $6.3M, representing a gross margin of 10.0%. The company recorded an operating loss of $2.5M and a net loss attributable to shareholders of $2.7M. Despite the net loss, operating activities generated positive cash flow of $2.9M, primarily driven by working capital improvements including inventory reductions of $1.7M and accounts receivable decreases of $784K. The balance sheet shows total assets of $45.5M with current assets of $34.6M and current liabilities of $21.7M, resulting in a current ratio of 1.6. Financing activities provided $8.2M in cash, largely from the $8.0M initial public offering proceeds, while investing activities used $4.8M primarily for equity investments and downpayments. The company ended the period with $9.3M in cash and cash equivalents plus $2.1M in restricted cash.

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