Lucide Ledger

A filing-first public record from Lucide House.

Issue 004 | U.S. Pilot | US

GVH

Globavend Holdings Ltd

Screen state: Passing Source state: Verified 20-F | 2026-02-13 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 82.6%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
9,960,161USD
Total Liabilities
1,177,197USD
NCAV
8,782,964USD
Cash
7,505,388USD
NCAV per share
63.67USD/share
Evidence
3 annual | 5 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
4
Unavailable
3
Supporting observation NCAV Growing 8,782,964
Latest
8,782,9642025-09-30
Comparison
2,670,2912024-09-30
Change
+228.9%

Basis: equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

Source periods: SEC 20-F 2025-09-30 · 0001213900-26-016589; REPORTED_FILING 20-F 2024-09-30

Supporting observation Positive OCF 240,355
Latest
240,3552025-09-30
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 20-F 2025-09-30 · 0001213900-26-016589

Supporting observation Share Count Reduced 1,526,113
Latest
1,526,1132025-09-30
Comparison
14,931,1232024-09-30
Change
-89.8%

Basis: 1Y share change <= -2% using the same share-count source

Source periods: SEC 20-F 2025-09-30 · 0001213900-26-016589; REPORTED_FILING 20-F 2024-09-30

Supporting observation Current Ratio > 1.5 8.46
Latest
8.462025-09-30
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 20-F 2025-09-30 · 0001213900-26-016589

3 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt (short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity ordinary shareholders equity <= 0

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 5 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-09-30
20-F
USD
2024-09-30
20-F
USD
2023-09-30
20-F
USD
Revenue 23,563,957 16,540,179 18,586,528
Operating Income 958,003 1,340,053 1,146,861
Net Income 682,982 1,339,008 1,077,392
Cash From Operations 240,355 326,089 2,021,831
Capex -8,333 -592,585 -7,455
Free Cash Flow 232,022 -266,496 2,014,376
Cash And Equivalents 7,505,388 2,296,462 554,132
Accounts Receivable 1,004,203 1,684,644 1,429,299
Inventory n/a n/a n/a
Total Current Assets 9,960,161 5,455,979 4,021,110
Total Assets 11,213,861 7,955,214 4,474,778
Total Current Liabilities 1,177,197 2,785,688 3,892,365
Total Liabilities 1,177,197 2,785,688 3,972,602
Shareholders Equity 10,036,664 5,169,526 502,176
Shares Outstanding 1,526,113 14,931,123 13,125,000
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 423,124 14,559,582 13,125,000
Weighted Avg Shares Basic 423,124 14,559,582 13,125,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 5 quarterly periods available from Data Vault for this company.

Metric
2025-03-31
6-K
USD
2024-09-30
6-K
USD
2024-03-31
6-K
USD
2023-09-30
6-K
USD
2023-03-31
6-K
USD
Revenue 13,723,478 16,540,179 8,384,790 18,586,528 9,400,570
Operating Income 789,258 1,340,053 1,153,391 1,146,861 443,660
Net Income 450,256 1,339,008 898,795 1,077,392 450,808
Cash From Operations -906,285 326,089 -256,581 2,021,831 1,157,621
Capex -303,846 -592,585 -473,409 -7,455 -2,824
Free Cash Flow -1,210,131 -266,496 -729,990 2,014,376 1,154,797
Cash And Equivalents 915,151 2,296,462 2,549,766 554,132 n/a
Total Current Assets 5,465,495 5,455,979 5,133,249 4,021,110 n/a
Total Liabilities 696,990 2,785,688 1,669,791 3,972,602 n/a
Shares Outstanding 74,895 74,656 14,625,000 13,125,000 n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 74,895 14,559,582 71,486 13,125,000 13,125,000
Weighted Avg Shares Basic 74,895 14,559,582 71,486 13,125,000 13,125,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 5,465,495USD us-gaap:AssetsCurrent 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Total Liabilities 696,990USD us-gaap:Liabilities 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Cash 915,151USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Shares Outstanding 74,895 us-gaap:CommonStockSharesOutstanding 2025-03-31 1.00 Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
NCAV 4,768,505USD derived 2025-03-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 63.67USD derived 2025-03-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 82.6% derived 2025-03-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001978527
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001978527/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
4
Imported At
2026-08-15T12:52:08+00:00
Rendered At
2026-08-16T03:29:54+00:00

Run Audit

Mary Run
29510e1968ca4fb386d55ebe1e97a5de
Mary As Of
2026-08-01
Accession
0001213900-26-016589
CIK
0001978527
Mary Filing Date
2026-02-13
Filing Currency
USD
Internal Discount
82.6%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=29510e1968ca4fb386d55ebe1e97a5de; mary_as_of=2026-08-01; mary_filing_date=2026-02-13; mary_accession=0001213900-26-016589; mary_cik=0001978527; gnni_supporting_filing_date=2026-02-13; internal_discount=0.826242; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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