Business Combination (Tables)

12 Months Ended

Mar. 31, 2025

Disclosure of detailed information about business combination [abstract]

Summary of Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition of predecessor:

At acquisition date	US$’000
Property, plant and equipment		33,400
Intangible assets		216
Right-of-use assets		5,582
Inventories		9,537
Trade receivables		12,189
Cash and cash equivalents		29,903
Other assets		5,006
Trade payables		(10,980	)
Amount due to related parties		(8,845	)
Lease liabilities		(4,502	)
Borrowings		(874	)
Deferred tax liabilities, net		(1,193	)
Tax provision		(6,267	)
Other liabilities		(11,743	)
Fair value of net assets acquired		51,429
Less: Purchase consideration		(2,000	)
Bargain purchase gain		49,429

Summary of Revision of Successor Financial Statements

The following table summarized the corrections made to the previously reported consolidated financial statements as of March 31, 2024 and for the Successor period from June 16, 2023 to March 31, 2024.

	As of March 31, 2024 (Successor)
	As previously reported		Adjustments		As revised
	US$’000		US$’000		US$’000
Assets
Non-current assets:
Property, plant and equipment		27,966		4,074		32,040
Total Non-Current Assets		35,276		4,074		39,350
Total Assets		149,358		4,074		153,432
Liabilities
Non-current Liabilities:
Deferred tax liabilities, net		2,991		693		3,684
Total Non-Current Liabilities		10,936		693		11,629
Total Liabilities		72,385		693		73,078
Equity
Retained earnings		10,437		3,381		13,818
Equity attributable to Shareholders of the Company		73,648		3,381		77,029
Total equity		76,973		3,381		80,354
Total liabilities and equity		149,358		4,074		153,432

The effects of revision for the correction of the error on the consolidated financial statements of profit or loss and other comprehensive income for the Successor period from June 16, 2023 to March 31, 2024 are as follows:

	For the period June 16, 2023 through March 31, 2024 (Successor)
	As previously reported			Adjustments			As revised
	US$’000			US$’000			US$’000
Total cost of revenue		(118,599	)		4,074			(114,525	)
Gross profit		44,668			4,074			48,742
Operating profit		36,094			4,074			40,168
Profit before tax		85,438			4,074			89,512
Income tax expense		(6,731	)		(693	)		(7,424	)
Net profit		78,707			3,381			82,088
Total comprehensive income		76,973			3,381			80,354
Net profit attributable to:
Shareholders of the Company		77,499			3,381			80,880
Net profit		78,707			3,381			82,088
Total comprehensive income attributable to:
Shareholders of the Company		75,803			3,381			79,184
Total comprehensive income		76,973			3,381			80,354
Basic and diluted earnings per share (as adjusted)		2.10			0.09			2.19

The effects of revision for the correction of the error on the consolidated statements of cash flows are as follows:

	Successor
	As previously reported		Adjustments			As revised
	US$’000		US$’000			US$’000
Operating activities
Net income		78,707		3,381			82,088
Adjustments for:
Income tax expenses		6,731		693			7,424
Depreciation of property, plant and equipment		7,874		(4,074	)		3,800
Net cash provided by operating activities		15,527		—			15,527