INEO 6-K
INNEOVA Holdings Ltd (INEO)
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 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2026
Commission File Number 001-42381
| INNEOVA<br>Holdings Limited |
|---|
| (Exact<br>name of registrant as specified in its charter) |
Not Applicable
(Translation of Registrant’s Name into English)
| 14<br>Ang Mo Kio Street 63, Singapore | 569116 | |
|---|---|---|
| (Address<br>of principal executive offices) | (Zip<br>Code) |
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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
Report of Unaudited Balance Sheet as of March 31, 2026
On June 5, 2026, INNEOVA Holdings Limited (the “Company”) announced unaudited consolidated balance sheet as of March 31, 2026. Select unaudited consolidated balance sheet as of March 31, 2026 reported of the Company and its subsidiaries are attached as Exhibit 99.1 to this Report on Form 6-K and are incorporated by reference herein and into the Company’s Form 20-F, filed with the Securities and Exchange Commission.
Exhibit Index
| Exhibit<br>Number | Exhibit Title | |
|---|---|---|
| 99.1 | Unaudited Consolidated Balance Sheet as of March 31, 2026 |
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: June<br>5, 2026 | |
|---|---|
| /s/<br>Chin Heng Neo | |
| Chin Heng Neo, Chief<br>Executive Officer and Executive Director (Principal Executive Officer) | |
| Date: June 5, 2026 | |
| /s/<br>Chin Aik Neo | |
| Chin Aik Neo, Deputy<br>Chief Executive Officer and Executive Director | |
| Date: June 5, 2026 | |
| /s/<br>Ivy Lee | |
| Ivy Lee, Chief Financial<br>Officer (Principal Accounting and Financial Officer) |
Exhibit 99.1
INNEOVA HOLDINGS LIMITED AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Currency expressed in United States Dollars (“US$”))
| As at March 31,<br>2026 | As of December 31,<br>2025 | ||
|---|---|---|---|
| ’000 | ’000 | ||
| ASSETS | |||
| Current assets: | |||
| Cash 914 | 1,059 | ||
| Restricted cash 314 | 315 | ||
| Accounts receivable - Third parties, net 11,174 | 7,935 | ||
| Accounts receivable - Related parties, net 2,825 | 2,630 | ||
| Inventories 18,612 | 18,553 | ||
| Amounts due from related parties 2,121 | 2,080 | ||
| Deposits, prepayments and other receivables 7,678 | 3,949 | ||
| Total current assets 43,638 | 36,521 | ||
| Non-current assets: | |||
| Property and equipment, net 2,150 | 2,129 | ||
| Right-of-use assets, net 2,427 | 657 | ||
| Deferred tax assets 801 | 837 | ||
| Amounts due from related parties 1,242 | 1,274 | ||
| Total non-current assets 6,620 | 4,897 | ||
| TOTAL ASSETS 50,258 | 41,418 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||
| Current liabilities: | |||
| Accounts payable and accrued liabilities 7,121 | 5,054 | ||
| Accounts payable - Related parties 279 | 244 | ||
| Customer deposits 9,587 | 5,647 | ||
| Amounts due to related parties 4,766 | 5,467 | ||
| Bank borrowings 19,080 | 17,686 | ||
| Finance lease liabilities, current 117 | 70 | ||
| Operating lease liabilities, current 1,965 | 176 | ||
| Income tax payable 69 | 100 | ||
| Total current liabilities 42,984 | 34,444 | ||
| Long-term liabilities: | |||
| Bank borrowings 1,195 | 1,241 | ||
| Finance lease liabilities, non-current 133 | 140 | ||
| Operating lease liabilities, non-current 506 | 508 | ||
| Deferred tax liabilities 78 | 112 | ||
| Total long-term liabilities 1,912 | 2,001 | ||
| TOTAL LIABILITIES 44,896 | 36,445 | ||
| Shareholders’ equity | |||
| Preferred Shares, 25,000,000 authorized with par value of 0.0005 each, none issued or outstanding as of March 31, 2026 and December 31, 2025 - | - | ||
| Ordinary shares, 200,000,000 authorized comprise of 150,000,000 Class A and 25,000,000 Class B shares, with par value of 0.0005 each, 16,170,624 and 16,527,249 ordinary shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 8 | 8 | ||
| Additional paid-in capital 1,006 | 1,006 | ||
| Accumulated other comprehensive loss (523 | ) | (535 | ) |
| Retained earnings 4,871 | 4,494 | ||
| Total shareholders’ equity 5,362 | 4,973 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 50,258 | 41,418 |
All values are in US Dollars.