Exhibit 99.1

VISIONARY HOLDINGS INC.

INTERIM CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(IN U.S. DOLLARS)

	September 30,			March 31,
	2024			2024
ASSETS
CURRENT ASSETS
Cash	$	213,907		$	620,910
Accounts receivable, net		30,412			20,472
Prepaid and other receivable		1,588,666			1,375,957
Due from related parties		–			76,888
Total current assets		1,832,985			2,094,227
Restricted cash – non-current		152,743			152,434
Property, plant and equipment, net		82,790,460			83,581,322
Right of use assets		–			41,783
Intangible assets, net		919,256			933,642
Deferred tax assets		–			105,334
Goodwill		952,891			950,959
TOTAL ASSETS	$	86,648,335		$	87,859,701
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable	$	768,876		$	1,187,480
Accrued liabilities		2,671,397			2,253,851
Other tax payable		1,016,386			616,358
Due to related parties		776,210			326,640
Deferred revenue		475,176			968,676
Lease liability - current		–			15,931
Bank loans - current		62,933,320			62,423,441
Other loan payable- current		541,237			488,692
Income tax payable		1,388,698			1,399,244
Total current liabilities		70,571,300			69,680,313
Deferred tax liabilities		124,925			126,051
Lease liability, non-current		–			25,852
Other loan payable, non-current		–			252,476
Derivative liability, non-current		2,531,105			29,075
TOTAL LIABILITIES		73,227,330			70,113,767
Commitments
EQUITY
Common shares, no par value, unlimited shares authorized, 3,707,415 and 3,437,926 issued and outstanding* as of September 30, 2024 and March 31, 2024, respectively and additional paid-in capital		19,146,612			17,719,755
(Deficits) retained earnings		(5,744,545	)		136,191
Accumulated other comprehensive loss		(39,393	)		(93,967	)
Total shareholders’ equity attributable to the Company		13,362,674			17,761,979
Noncontrolling interest		58,331			(16,045	)
Total shareholders’ equity		13,421,005			17,745,934
TOTAL LIABILITIES AND EQUITY	$	86,648,335		$	87,859,701

 * Retroactively restated for effect of recapitalization and share consolidation on May 29, 2024

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VISIONARY HOLDINGS INC.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME

AND COMPREHENSIVE INCOME (UNAUDITED)

(IN U.S. DOLLARS)

	For the Six Months Ended September 30,
	2024			2023
Revenue – rent	$	2,821,466		$	4,473,767
Revenue – tuition		449,644			480,551
Sales of products		76,128			–
Total Revenues		3,347,238			4,954,318
Cost of revenue – rent		2,318,564			3,065,775
Cost of revenue – tuition		146,524			196,744
Cost of sales		26,869			–
Total cost of revenues		2,491,957			3,262,519
Gross Profit		855,281			1,691,799
Operating expenses:
General and administrative expenses		130,600			734,905
Professional fees		650,877			2,422,314
Salaries		243,039			445,289
Total operating expenses		1,024,516			3,602,508
Loss from operations		(169,235	)		(1,910,709	)
Other (expense) income
Interest expense		(2,357,095	)		(2,822,917	)
Accretion interest		–			(285,625	)
Gain on disposal of properties		–			8,741,559
(Loss) gain on warrants		(3,180,424	)		880,810
Loss on derivative liabilities valuation		–			367,663
Other income		4,945			71,831
Total other (expense) income, net		(5,532,574	)		6,953,321
(Loss) income before income taxes		(5,701,809	)		5,042,612
Provision for income taxes		105,333			1,092,507
Net (loss) income		(5,807,142	)		3,950,105
Less: net income (loss) attributable to noncontrolling interest		73,594			(89,687	)
Net (loss) income attributable to Visionary Holdings Inc.		(5,880,736	)		4,039,792
Other comprehensive income gain (loss) :
Foreign currency translation gain (loss)		55,355			(28,862	)
Comprehensive income gain (loss)		(5,751,787	)		3,921,243
Less: comprehensive income (loss) attributable to noncontrolling interest		74,376			(88,979	)
Comprehensive (loss) income attributable to Visionary Holdings Inc.	$	(5,826,163	)	$	4,010,222
(Loss) earning Per share
Basic	$	(1.59	)	$	0.09
Diluted	$	(1.31	)	$	0.09
Weighted Average Shares Outstanding
Basic*		3,707,415			3,021,122
Diluted*		4,487,613			3,021,122

 * Retroactively restated for effect of recapitalization and share consolidation on May 29, 2024

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