Oyocar Group Inc.

04/13/2026 | Press release | Distributed by Public on 04/13/2026 11:19

Quarterly Report for Quarter Ending FEBRUARY 28, 2026 (Form 10-Q)

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

DESCRIPTION OF BUSINESS

We were incorporated in the State of Nevada on July 10, 2023.We are in the business of selling used cars sourced from the United States to customers in both the USA and the Dominican Republic. Our services encompass inspecting the cars, making necessary repairs, handling shipping logistics, and managing customs clearance when required.

RESULTS OF OPERATIONS

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

As of February 28, 2026, our total assets were $3,134 compared to $43,180 in total assets at August 31, 2025. As of February 28, 2026, our total liabilities were $9,875 compared to $27,392 in total liabilities at August 31, 2025.

Stockholders' deficit was $6,741 as of February 28, 2026 compared to stockholders' equity of $15,788 as of August 31, 2025.

Three Month Period Ended February 28, 2026 compared to Three Month Period Ended February 28, 2025

Revenue

During the three-month period ended February 28, 2026, the Company had $0 in revenue, compared to $44,085 during the three-month period ended February 28, 2025. During the three-month period ended February 28, 2025, the Company had in $41,962 in cost of goods sold and $2,123 in gross profit.

Operating Expenses

During the three-month period ended February 28, 2026, we incurred total operating expenses of $7,292, compared to $4,417 during the three-month period ended February 28, 2025. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting and developmental costs.

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Net Loss

Our net loss for the three-month period ended February 28, 2026 was $7,292, compared to $2,294 during the three-month period ended February 28, 2025.

Six Month Period Ended February 28, 2026 compared to Six Month Period Ended February 28, 2025

Revenue

During the six-month period ended February 28, 2026, the Company had $0 in revenue, compared to $44,085 during the six-month period ended February 28, 2025. During the six-month period ended February 28, 2025, the Company had in $41,962 in cost of goods sold and $2,123 in gross profit.

Operating Expenses

During the six-month period ended February 28, 2026, we incurred total operating expenses of $22,529, compared to $35,390 during the six-month period ended February 28, 2025. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting and developmental costs.

Net Loss

Our net loss for the six-month period ended February 28, 2026 was $22,529, compared to $33,267 during the six-month period ended February 28, 2025.

Cash Flows used by Operating Activities

For the six-month period ended February 28, 2026, net cash flows used in operating activities were $34,535 comprised of net loss of $22,529 and depreciation expense of $394, increase in prepaid expenses of $900, and decrease in accounts payable $11,500.

For the six-month period ended February 28, 2025, net cash flows used in operating activities were $33,166 comprised of net loss of $33,267 and depreciation expense of $394, decrease in prepaid sales of $12,205, increase in accounts receivables of $8,016 increase in inventory of $16,854 and decrease in prepaid expenses of $26,782, increase in accounts payable $10,000.

Cash Flows from Financing Activities

For the six-month period ended February 28, 2026, cash flows used in financing activities was $6,017, compared to $0 for the six-month period ended February 28, 2025. The amount consisted entirely of repayments of a loan to a related party.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

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OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent registered public accounting firm auditors' report accompanying our August 31, 2025 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. Management has a disclosure in the financial statements to this effect as well. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Oyocar Group Inc. published this content on April 13, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 13, 2026 at 17:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]