Axonex AI Group Ltd 6-K, filed Mar 31, 2026
Axonex AI Group Ltd (AXNX)
About this 6-K
Axonex AI Group Ltd filed this 6-K on March 31, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Commission File Number: 001-42462
MINT INCORPORATION LIMITED
(Translation of registrant’s name into English)
17/F Wing Kwok Centre, No.182 Woosung Street,
Jordan, Kowloon, Hong Kong
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On March 31, 2026, Mint Incorporation Limited, a British Virgin Islands business company with limited liability (the “Company”), made available its unaudited interim condensed consolidated financial statements and related notes for the six months ended September 30, 2025, a copy of which is attached as Exhibit 99.1.
This report shall be deemed to be incorporated by reference into the Company’s registration statement on Form S-8 (File No. 333-286205) and shall be considered a part of such registration statement from the date of filing, to the extent not superseded by documents or reports subsequently filed or furnished.
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EXHIBITS INDEX
| Exhibit No. | Description | |
| 99.1 | Unaudited Financial Results as of and for the six-month period ended September 30, 2025. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: March 31, 2026 | Mint Incorporation Limited | |
| By: | /s/ Hoi Lung CHAN | |
| Name: | Hoi Lung CHAN | |
| Title: | Chief Executive Officer and Director | |
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Exhibit 99.1
Mint Incorporated Limited Announces Unaudited Financial Results for the First Half of Fiscal Year 2026
Financial Highlights for the Six Months Ended September 30, 2025
Total revenues were US$988,398 for the six months ended September 30, 2025, representing a decrease of 26.2% compared with the total revenues of US$1,339,496 for the six months ended September 30, 2024.
Gross profit was US$43,098 for the six months ended September 30, 2025, representing a decrease of 90.7% compared with our gross profit of US$462,610 for the six months ended September 30, 2024.
Operating loss was US$8,711,432 for the six months ended September 30, 2025, compared with operating income of US$161,765 for the six months ended September 30, 2024.
Net loss was US$8,582,742 for the six months ended September 30, 2025, compared with net income of US$131,911 for the six months ended September 30, 2024.
Financial Results for the Six Months Ended September 30, 2025
Revenues
Revenue was principally derived from the provision of design and fit out services, and design only services The table below sets forth the breakdown of revenue by service type for the periods indicated.
| For the six months ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| US$ | US$ | |||||||
| Design and fit out services | 978,157 | 803,184 | ||||||
| Design only services | 10,241 | 536,312 | ||||||
| Total | 988,398 | 1,339,496 | ||||||
Design and fit out services comprise design services and interior fit-out services. Our interior fit-out services typically involve: (i) overall project management of the interior fit-out works involving implementation of the design, planning, coordinating, monitoring and supervising the project on-site all through from the beginning to completion and follow-up rectification of defects during the defects liability period; (ii) supervision of the construction and installation of interior fit-out works carried out by our subcontractors; (iii) procurement and supply of bespoke carpentry/joinery and integral furniture, fixtures and accessories; and (iv) maintenance of the interior fit-out works during the defects liability period for the projects which we undertake on an ad-hoc basis.
For design only services, our in-house designers understand the needs of individual customers and the industries they are engaged in, conceptualizing customers’ design ideas into layout plans, producing tailor-made interior design proposals to cater for individual customers’ industry needs and project documentation.
Overall revenue decreased by US$351,098 or 26.2% from US$1,339,496 for the six months ended September 30, 2024, compared to US$988,398 for the six months ended September 30, 2025, which was mainly attributable the combined effect of:
| (i) | the increase in revenue from design and fit out services for the six months ended September 30, 2025 to US$978,157, compare to US$803,184 for the six months ended September 30, 2024 was mainly due to the increase in number of projects for the six months ended September 30, 2025; and |
| (ii) | the decrease in revenue from design only services from US$536,312 for the six months ended September 30, 2024 to US$10,241 for the six months ended September 30, 2025 was mainly due to the decrease in number of design only projects for the six months ended September 30, 2025. |
Cost of Revenue
Cost of revenue amounted to US$876,886 and US$945,300 for the six months ended September 30, 2024 and 2025, respectively.
Due to the difference in nature, complexity and specification for each project, cost of revenue may vary among different projects. The increase was primarily due to (i) the increase in subcontracting costs on milling, painting and electrical works as a result of the increase in the number of projects undertaken during the period and (ii) the increase in cost of purchase of equipment, furniture and other materials on fit-out works in relation to non-residential projects.
Cost of revenue mainly comprised subcontracting costs, purchase of equipment, furniture and other materials, staff costs, consultancy fees and other miscellaneous costs. We engage subcontractors to perform fit-out works, including but not limited to milling, painting, electrical, air conditioning and other renovation works, on a project-by-project basis.
Cost of purchase of equipment, furniture and other materials mainly represented carpentry/joinery and integral furniture, fixtures and accessories procured on behalf of our clients.
Staff costs represented salaries of designers and project managers.
Consultancy fees represented fees payable to external project managers or other professional consultants.
Gross Profit
Gross profit amounted to US$462,610 and US$43,098 for the six months ended September 30, 2024 and 2025, respectively. We recorded overall gross profit margin of approximately 34.5% and 4.4% for the corresponding years, which was due to the decrease in revenue from design only services and increase in cost of revenue. The change in overall gross profit were in line with the change in our overall revenue during the years. Our gross profit and gross profit margin are mainly affected by factors including, among others, (i) size of projects with reference to the design area; (ii) scope of work; and (iii) complexity of the design and/or construction work.
Selling and Marketing expenses
Selling and marketing expenses mainly represent the advertising expenses in relation to our business promotion. Our Selling and marketing expenses were US$3,074 and US$142,646 for the six months ended September 30, 2024 and 2025, respectively, representing approximately 0.23% and 14.43% of the total revenue for the corresponding years, respectively. The increase was mainly attributable to the increase in corporate marketing and business development for the six months ended September 30, 2025. Marketing services include social media content preparation and promotion, website maintenance, market research and analysis, identification of potential customers and ongoing marketing advisory services. Selling and marketing expenses - share based compensation mainly represent the marketing expenses in relation to our business development, which were US$ Nil and US$7,820,000 for the six months ended September 30, 2024 and 2025
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General and Administrative Expenses
Our general and administrative expenses were US$297,771 and US$791,884 for the six months ended September 30, 2024 and 2025 respectively, representing approximately 22.2% and 80.1% of the total revenue for the corresponding years, respectively. The increase was mainly attributable to the 1) increase in amortization of leased assets 2) depreciation of leasehold improvement and 3) increase in consultancy fees and professional fees for the six months ended September 30, 2025.
Staff costs and benefits mainly represented salaries, retirement benefit scheme contributions and employee benefits of the managerial and administrative staff.
Operating lease expenses primarily represent expenses incurred on the properties leased as our office.
Office expenses mainly represented building management fees, expenses on office supplies, cleaning, telephone charges and maintenance and repairs.
Transportation expenses represented the travelling expenses relating to the provision for design and fit out services incurred by administrative staff.
Information technology expenses represented expenses in relation to the use of photocopier and IT support services.
Professional fees mainly represented audit fees and legal and professional fees.
Other Expense and Income, net
Other income mainly represented (i) bank interest income; (ii) bank interest expense and (iii) other miscellaneous income.
Benefit from (Provision for) Income Taxes
We generated substantially all of our taxable income in Hong Kong.
Under the two-tiered profits tax rates regime in Hong Kong, the Hong Kong profits tax is calculated at 8.25% on the first HK$2 million of the estimated assessable profits and at 16.5% on the estimated assessable profits above HK$2 million.
Net (Loss) Income
Net income amounted to approximately US$131,911 for the six months ended September 30, 2024 and net loss amounted to approximately US$8,582,742 for the six months ended September 30, 2025, respectively.
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MINT INCORPORATION LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCES SHEETS
AS OF SEPTEMBER 30, 2025 AND MARCH 31, 2025
(Stated in US Dollars, except for number of shares)
| As of September 30, 2025 (Unaudited) | As of March 31, 2025 (Audited) | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 4,090,170 | $ | 4,520,241 | ||||
| Accounts receivable, net | 184,797 | 654,209 | ||||||
| Accounts receivable – related party, net | 114,228 | 186,533 | ||||||
| Contract assets, net | 269,028 | 595,870 | ||||||
| Loan receivable, net | 508,659 | 127,181 | ||||||
| Prepayments | 280,887 | 476,022 | ||||||
| Prepaid Income Tax | 142,050 | 110,758 | ||||||
| Deferred tax assets, net | 267,209 | 174,915 | ||||||
| Deposits and other current assets, net | 92,689 | 85,272 | ||||||
| Total current assets | $ | 5,949,717 | $ | 6,931,001 | ||||
| Non-current assets: | ||||||||
| Property and equipment, net | 227,049 | 10,541 | ||||||
| Operating lease right-of-use assets, net | 131,485 | 178,865 | ||||||
| Prepayments | 327,221 | 455,148 | ||||||
| Total non-current assets | $ | 685,755 | $ | 644,554 | ||||
| TOTAL ASSETS | $ | 6,635,472 | $ | 7,575,555 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 293,480 | $ | 345,614 | ||||
| Bank Loan, current | 105,817 | 103,692 | ||||||
| Contract liabilities | 17,498 | 4,499 | ||||||
| Operating lease liabilities, current | 112,352 | 95,130 | ||||||
| Accrued liabilities and other payables | 130,012 | 173,516 | ||||||
| Total current liabilities | $ | 659,159 | $ | 722,451 | ||||
| Non-current liabilities: | ||||||||
| Bank loan, non-current | 909,132 | 962,671 | ||||||
| Operating lease liabilities, non-current | 34,235 | 90,965 | ||||||
| Total non-current liabilities | $ | 943,367 | $ | 1,053,636 | ||||
| TOTAL LIABILITIES | $ | 1,602,526 | $ | 1,776,087 | ||||
| COMMITMENTS AND CONTINGENCIES | ||||||||
| SHAREHOLDERS’ EQUITY | ||||||||
| Class A ordinary shares of no par value, 252,000,000 shares authorized, 18,012,500 shares and 16,012,500 shares issued and outstanding as of September 30, 2025 and March 31, 2025 respectively | $ | 4,000 | $ | 4,000 | ||||
| Class B ordinary shares of no par value, 28,000,000 shares authorized, 7,000,000 shares issued and outstanding as of September 30, 2025 and March 31, 2025 respectively | — | — | ||||||
| Additional paid-in capital | 13,879,532 | 6,059,532 | ||||||
| Accumulated losses | (8,851,885 | ) | (269,143 | ) | ||||
| Accumulated other comprehensive income | 1,299 | 5,079 | ||||||
| Total Shareholders’ Equity | $ | 5,032,946 | $ | 5,799,468 | ||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 6,635,472 | $ | 7,575,555 | ||||
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MINT INCORPORATION LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
(Stated in US Dollars except for share and per share data, or otherwise noted)
| For the Six Months Ended September 30, | ||||||||
| 2025 | 2024 | |||||||
| (Unaudited) | (Unaudited) | |||||||
| Revenues | $ | 988,398 | $ | 1,123,575 | ||||
| Revenues – related party | — | 215,921 | ||||||
| Cost of revenues | (918,277 | ) | (876,886 | ) | ||||
| Cost of revenues – related party | (27,023 | ) | — | |||||
| Gross profit | 43,098 | 462,610 | ||||||
| Operating expenses | ||||||||
| Selling and marketing expenses | (142,646 | ) | (3,074 | ) | ||||
| Selling and marketing expenses-share-based compensation | (7,820,000 | ) | — | |||||
| General and administrative expenses | (791,884 | ) | (297,771 | ) | ||||
| Total operating expenses | (8,754,530 | ) | (300,845 | ) | ||||
| Operating (loss) income | $ | (8,711,432 | ) | $ | 161,765 | |||
| Other income (expense), net | ||||||||
| Other income | 12,930 | 1,153 | ||||||
| Interest income | 19,755 | 8,840 | ||||||
| Interest income-related parties | 19,783 | — | ||||||
| Interest expense | (15,729 | ) | (17,254 | ) | ||||
| Total other income (expenses), net | 36,739 | (7,261 | ) | |||||
| (Loss) Income before income taxes | (8,674,693 | ) | 154,504 | |||||
| Benefit from (Provision for) income taxes | 91,951 | (22,593 | ) | |||||
| Net (loss) income | $ | (8,582,742 | ) | $ | 131,911 | |||
| Other comprehensive (loss) income | ||||||||
| Foreign currency translation adjustment | (3,780 | ) | 9,724 | |||||
| Total comprehensive (loss) income | $ | (8,586,522 | ) | $ | 141,635 | |||
| (Loss) Earning per share – basic and diluted | $ | (0.35 | ) | $ | 0.01 | |||
| Basic and diluted weighted average shares outstanding | 24,673,702 | 21,000,000 | ||||||
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About Mint:
Mint Incorporation Limited (NASDAQ: MIMI), a Hong-Kong based enterprise listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary Axonex Intelligence Limited, the company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.
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