Earnings Per Share

12 Months Ended

Mar. 31, 2026

16.

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			Successor
	For the year ended March 31, 2026			For the year ended March 31, 2025			For the period June 16, 2023 through March 31, 2024
	US$’000			US$’000			US$’000
Profit for the year/period		33,878			46,977			82,088
Less: Gain attributable to non-controlling interests		(1,670	)		(2,161	)		(1,208	)
Profit for the year/period attributable to shareholders		32,208			44,816			80,880

ii)

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


	Successor		Successor		Successor
	For the year ended March 31, 2026		For the year ended March 31, 2025		For the period June 16, 2023 through Years Ended March 31,
Issued ordinary shares at the beginning of year/period		38,745,000		36,900,000		36,900,000
Issuance of ordinary shares related to public offering exercise		3,257,230		—		—
Effect of conversion of convertible notes		—		922,500		—
Weighted-average number of ordinary shares at the end of year/period		42,002,230		37,822,500		36,900,000

Warrants are included in the calculation of diluted earnings per share only to the extent that the market price of the ordinary shares exceeds the exercise price of the warrants except where such inclusion would be anti-dilutive. For the year ended March 31, 2026, 2025 and 2024, the Company had 92,593, nil and nil warrants, respectively, outstanding which were excluded in the calculation of diluted earnings per share calculation as their inclusion would be anti-dilutive.

iii)

Earnings per share (basic and diluted)

          
         Successor

         Successor

         Successor

          
         For the
year ended
March 31,
2026

         For the
year ended
March 31,
2025

         For the period
June 16, 2023
through
March 31, 2023

Basic and diluted earnings per share attributable to shareholders (as adjusted)

0.77

1.18

2.19