Earnings Per Share

12 Months Ended

Mar. 31, 2025

17.

EARNINGS PER SHARE

The calculation of basic and diluted earnings per share has been based on the following profit attributable to ordinary shareholders and weighted-average number of ordinary shares outstanding.

Profit attributable to ordinary shareholders (basic and diluted)


	Successor			Successor
	For the year ended March 31, 2025			For the period June 16, 2023 through March 31, 2024
	US$’000			US$’000
Profit for the period		46,977			82,088
Less: Gain attributable to non-controlling interests		(2,161	)		(1,208	)
Profits for the year attributable to shareholders		44,816			80,880

ii)

Weighted-average number of ordinary shares (basic and diluted)


	Successor		Successor
	For the year ended March 31, 2025		For the period June 16, 2023 through March 31, 2024*
Issued ordinary shares at the beginning of year/period		36,900,000		36,900,000
Effect of conversion of convertible notes		922,500		—
Weighted-average number of ordinary shares at the end of year/period		37,822,500		36,900,000

* The shares and per share information are presented on a retrospective basis to reflect the Share Reorganization as disclosed under Note 15.

iii)

Earnings per share (basic and diluted)


	Successor		Successor
	For the year ended March 31, 2025		For the period June 16, 2023 through March 31, 2024
	US$		US$
Basic and diluted earnings per share attributable to shareholders (as adjusted)		1.18		2.19

Correction of Error

The Successor previously calculated the basic and diluted earnings per share attributable to shareholders by using the number of 15,000 as the basic and diluted weighted-average shares outstanding and presented the basic and diluted earnings per share attributable to the shareholders of $5,291.07. As disclosed under Note 15, the Successor completed the Share Reorganization on October 23, 2024. The Successor made an adjustment for a correction in the calculation of earnings per share for the period from June 16, 2023 through March 31, 2024, whereby the Successor retrospectively applied the 36,900,000 shares as the denominator. After the correction of such error, the basic and diluted earnings per share attributable to shareholders was $2.19 for the period from June 16, 2023 through March 31, 2024.