Concentration of Credit Risk

12 Months Ended

Jul. 31, 2025

TALENTEC SDN. BHD. [Member]

Concentration of Credit Risk

14. CONCENTRATION OF CREDIT RISK

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

	For the years ended July 31,
	2024			2025
Percentage of the Group’s total revenue
Customer A		12.75	%		13.92	%
Customer B		*			13.78	%
Customer C		11.36	%		*
Customer D		10.30	%		*

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

	As of July 31,
	2024			2025
Percentage of the Group’s accounts receivable
Customer E		25.35	%		28.93	%
Customer A		35.88	%		24.22	%
Customer F		*			17.78	%

* represents percentage less than 10%

TALENTEC SDN. BHD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED JULY 31, 2024 AND 2025

(In U.S. dollars, except for share data, or otherwise noted)

14. CONCENTRATION OF CREDIT RISK – Continued

The following table sets forth a summary of single suppliers who represent 10% or more of the Group’s total purchases:

	For the years ended July 31,
	2024			2025
Percentage of the Group’s purchase
Supplier A		48.80	%		47.40	%
Supplier B		*			13.29	%
Supplier C		13.16	%		10.19	%
Supplier D		18.91	%		*
Supplier E		17.59	%		*

The following table sets forth a summary of single suppliers who represent 10% or more of the Group’s total accounts payable:

	As of July 31,
	2024			2025
Percentage of the Group’s accounts payable to
Supplier A		*			36.45	%
Supplier C		38.40	%		*
Supplier F		22.48	%		*

* represents percentage less than 10%