Oyocar's Revenue Jumps 74% But Losses Widen Amid Going Concern Warning

TL;DR

**Oyocar's revenue surge is overshadowed by widening losses and a 'going concern' warning, making it a high-risk bet on future capital raises.**

AI Summary

Oyocar Group Inc. reported a significant increase in revenue for the fiscal year ended August 31, 2025, reaching $81,936, up from $46,959 in the prior year, representing a 74.4% increase. Despite this revenue growth, the company's net loss widened to $38,654 in 2025, compared to a net loss of $23,600 in 2024, a 63.8% increase. This larger loss was primarily driven by a substantial rise in operating expenses, which climbed to $45,923 in 2025 from $30,620 in 2024. The company's accumulated deficit grew to $63,242 as of August 31, 2025. Total assets decreased from $90,850 in 2024 to $43,180 in 2025, while stockholders' equity declined from $54,442 to $15,788. The auditor raised a 'going concern' doubt due to the accumulated deficit and limited revenue, indicating a reliance on future profitability and continued financial support from stockholders or external financing.

Why It Matters

Oyocar Group Inc.'s 74.4% revenue growth to $81,936 signals potential in its used vehicle acquisition and resale model, particularly with international customers in the Dominican Republic. However, the escalating net loss of $38,654 and the auditor's 'going concern' warning highlight severe financial instability, posing significant risks for investors. The company's reliance on future equity or debt issuances for funding, coupled with a lack of an active trading market for its shares, makes it a highly speculative investment. This situation could impact employees through job insecurity and customers if the company's operational continuity is jeopardized, especially in a competitive used car market.

Risk Assessment

Risk Level: high — Oyocar Group Inc. faces a high risk level due to its accumulated deficit of $63,242 as of August 31, 2025, and the auditor's explicit 'going concern' doubt. The company's net loss increased by 63.8% to $38,654 in 2025, and its stockholders' equity plummeted from $54,442 to $15,788, indicating significant financial deterioration and a heavy reliance on future capital infusions.

Analyst Insight

Investors should exercise extreme caution and avoid Oyocar Group Inc. given the explicit 'going concern' warning, widening losses, and lack of an active trading market for its shares. Prospective investors should wait for clear evidence of sustained profitability and a robust capital structure before considering any investment.

Financial Highlights

revenue

$81,936

total Assets

$43,180

net Income

-$38,654

eps

$0.00

gross Margin

8.9%

cash Position

$40,630

revenue Growth

+74.4%

Key Numbers

• $81,936 — Revenue (increased from $46,959 in 2024, a 74.4% rise)
• $38,654 — Net Loss (widened from $23,600 in 2024, a 63.8% increase)
• $63,242 — Accumulated Deficit (as of August 31, 2025, up from $24,588 in 2024)
• $45,923 — Operating Expenses (increased from $30,620 in 2024)
• $15,788 — Stockholders' Equity (decreased from $54,442 in 2024)
• 15,337,250 — Shares Outstanding (as of November 24, 2025)
• $43,180 — Total Assets (decreased from $90,850 in 2024)

Key Players & Entities

• Oyocar Group Inc. (company) — registrant
• Dominican Republic (location) — international customer market
• Nevada (location) — state of incorporation
• BOLADALE LAWAL & CO. (company) — independent registered public accounting firm
• SEC (regulator) — securities regulator

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has an accumulated deficit of $63,242 as of August 31, 2025, and limited revenue. The continuation of the business is dependent on improving profitability and securing ongoing financial support from stockholders or external financing. The auditor's report explicitly states substantial doubt about the Company's ability to continue as a going concern.
• Increasing Net Loss Despite Revenue Growth [high — financial]: Revenue increased by 74.4% to $81,936 in fiscal year 2025, but the net loss widened by 63.8% to $38,654. This was driven by a significant 49.3% increase in operating expenses, from $30,620 in 2024 to $45,923 in 2025.
• Deteriorating Asset and Equity Position [medium — financial]: Total assets decreased substantially from $90,850 in 2024 to $43,180 in 2025. Concurrently, stockholders' equity declined from $54,442 to $15,788, reflecting the growing accumulated deficit and operational losses.
• Need for Additional Capital [high — financial]: The company expects to require additional capital to meet its long-term operating requirements. Plans include raising funds through the sale of equity or debt securities, indicating a reliance on external funding to sustain operations.

Industry Context

Oyocar Group Inc. operates in an industry where rapid revenue growth is often accompanied by significant investment in operations and expansion, leading to increased expenses. The company's performance suggests it is in a growth phase, but the widening net loss and reliance on external financing highlight the competitive pressures and capital intensity common in its sector.

Regulatory Implications

The company's financial condition, particularly the 'going concern' doubt raised by its auditor, may attract increased scrutiny from regulatory bodies like the SEC. Failure to address these financial challenges could lead to delisting from exchanges or further regulatory actions, impacting investor confidence and access to capital markets.

What Investors Should Do

1. Monitor future capital raising efforts
2. Analyze expense management strategies
3. Evaluate the sustainability of revenue growth

Key Dates

• 2025-08-31: Fiscal Year End — Reporting period for the financial statements, showing significant revenue growth but a widening net loss and a substantial accumulated deficit of $63,242.
• 2024-08-31: Prior Fiscal Year End — Comparison point for financial performance, with revenue of $46,959 and a net loss of $23,600.

Glossary

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income or other gains. It represents a negative balance in retained earnings. (Oyocar Group Inc. has a significant accumulated deficit of $63,242 as of August 31, 2025, which is a key indicator of past unprofitability and a major concern for the company's going concern status.)

Going Concern

An accounting assumption that a company will continue to operate for the foreseeable future, typically at least 12 months from the balance sheet date. (The auditor has raised substantial doubt about Oyocar Group Inc.'s ability to continue as a going concern due to its accumulated deficit and limited revenue, highlighting a significant risk.)

Stockholders' Equity

The residual interest in the assets of an entity after deducting all its liabilities. It represents the owners' stake in the company. (Oyocar Group Inc.'s stockholders' equity has significantly decreased to $15,788 as of August 31, 2025, from $54,442 in the prior year, reflecting the company's financial performance and losses.)

Operating Expenses

Costs incurred by a company in its normal business operations, excluding the cost of goods sold. This includes expenses like salaries, rent, utilities, and marketing. (Oyocar Group Inc.'s operating expenses increased by 49.3% to $45,923 in fiscal year 2025, contributing significantly to the widening net loss despite revenue growth.)

Year-Over-Year Comparison

Oyocar Group Inc. reported a substantial 74.4% increase in revenue to $81,936 for the fiscal year ended August 31, 2025, compared to $46,959 in the prior year. However, this top-line growth was overshadowed by a 63.8% widening of the net loss to $38,654, primarily due to a 49.3% surge in operating expenses. Total assets and stockholders' equity also saw significant declines, and the accumulated deficit grew substantially, leading to a 'going concern' warning from the auditor.

Key Financial Figures

• $63,242 — 2025, we had an accumulated deficit of $63,242. Our financial statements have been pre
• $81,936 — ended August 31, 2025, the Company had $81,936 in revenue, compared to $46,959 during
• $46,959 — any had $81,936 in revenue, compared to $46,959 during the year ended August 31, 2024.
• $74,667 — ded August 31, 2025, the Company had in $74,667 in cost of goods sold and $7,269 in gro
• $7,269 — ad in $74,667 in cost of goods sold and $7,269 in gross profit. For the year ended Aug
• $39,939 — ded August 31, 2024, the Company had in $39,939 in cost of goods sold and $7,020 in gro
• $7,020 — ad in $39,939 in cost of goods sold and $7,020 in gross profit. 4 | Page Table of C
• $45,923 — we incurred total operating expenses of $45,923 compared to $30,620 during the year end
• $30,620 — erating expenses of $45,923 compared to $30,620 during the year ended August 31, 2024.
• $38,654 — for the year ended August 31, 2025 was $38,654 compared to $23,600 during the year end
• $23,600 — August 31, 2025 was $38,654 compared to $23,600 during the year ended August 31, 2024.
• $43,180 — t August 31, 2025 our total assets were $43,180 compared to $90,850 in total assets at
• $90,850 — r total assets were $43,180 compared to $90,850 in total assets at August 31, 2024. As
• $27,392 — st 31, 2025, our total liabilities were $27,392 compared to $36,408 as of August 31, 20
• $36,408 — al liabilities were $27,392 compared to $36,408 as of August 31, 2024. Stockholders' e

Filing Documents

• oyo_10k.htm (10-K) — 318KB
• oyo_ex311.htm (EX-31.1) — 11KB
• oyo_ex321.htm (EX-32.1) — 4KB
• 0001477932-25-008576.txt ( ) — 1676KB
• og-20250831.xsd (EX-101.SCH) — 17KB
• og-20250831_lab.xml (EX-101.LAB) — 119KB
• og-20250831_cal.xml (EX-101.CAL) — 26KB
• og-20250831_pre.xml (EX-101.PRE) — 89KB
• og-20250831_def.xml (EX-101.DEF) — 22KB
• oyo_10k_htm.xml (XML) — 122KB

Risk Factors

Risk Factors 3 ITEM 1B Unresolved Staff Comments 3 ITEM 1C Cybersecurity ITEM 2

Properties

Properties 3 ITEM 3

Legal Proceedings

Legal Proceedings 3 ITEM 4 Mine Safety Disclosures 3 Part II ITEM 5 Market for Common Equity and Related Stockholder Matters 6 ITEM 6

Selected Financial Data

Selected Financial Data 6 ITEM 7

Management's Discussion and Analysis and Results of Operations

Management's Discussion and Analysis and Results of Operations 6 ITEM 7A

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 6 ITEM 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 7 ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 8 ITEM 9A

Controls and Procedures

Controls and Procedures 8 ITEM 9B Other Information 8 Part III ITEM 10 Directors, Executive Officers, Promoters and Control Persons of the Company 9 ITEM 11

Executive Compensation

Executive Compensation 10 ITEM 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 11 ITEM 13 Certain Relationships, Related Transactions 11 ITEM 14 Principal Accountant Fees and Services 11 Part IV ITEM 15 Exhibits and Financial Statement Schedules 12 2 | Page Table of Contents PART I

DESCRIPTION OF BUSINESS

ITEM 1. DESCRIPTION OF BUSINESS

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. As used in this annual report, the terms "we", "us", "our", "the Company", mean OYOCAR GROUP INC. unless otherwise indicated. All dollar amounts refer to US dollars unless otherwise indicated. DESCRIPTION OF BUSINESS Our company was incorporated in the State of Nevada on July 10, 2023. We specialize in the acquisition, refurbishment, and resale of used vehicles sourced primarily from the United States. Our business model caters to both domestic clients within the USA and international customers, particularly in the Dominican Republic. We provide a full spectrum of services that ensures a seamless process from the initial purchase to final delivery. This includes conducting thorough inspections of each vehicle, performing any necessary repairs or upgrades, and overseeing the logistics of shipping the cars to thei

RISK FACTORS

ITEM 1A. RISK FACTORS Not applicable.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS None.

CYBERSECURITY

ITEM 1C. CYBERSECURITY Cybersecurity risk management is part of the Company's overall risk management. Our cybersecurity risk management is designed to provide a framework for handling cybersecurity threats and incidents, including threats and incidents associated with the use of services provided by third-party service providers. We rely on the cybersecurity protections of many of our third party service providers. Our primary third party service providers, utilize two (2) factor authorization as well as login and password protections with email verifications. Our Board has overall oversight responsibility for our risk management, including our cybersecurity risk management. Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes to ensure that such potential cybersecurity risk exposures are monitored. We have not experienced any cybersecurity incidents in fiscal year 2024. Despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced an undetected cybersecurity incident.

PROPERTIES

ITEM 2. PROPERTIES We do not own any property.

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS We are not currently involved in any legal proceedings and we are not aware of any pending or potential legal actions.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not Applicable. 3 | Page Table of Contents PART II

MARKET FOR EQUITY SECURITIES AND OTHER SHAREHOLDER MATTERS

ITEM 5. MARKET FOR EQUITY SECURITIES AND OTHER SHAREHOLDER MATTERS MARKET INFORMATION As of November 24, 2025, the 15,337,250 issued and outstanding shares of common stock were held by a total of 51 shareholders of record. DIVIDENDS We have never paid or declared any dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future. SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS We currently do not have any equity compensation plans.

SELECTED FINANCIAL DATA

ITEM 6. SELECTED FINANCIAL DATA Not Applicable.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Annual Report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. RESULTS OF OPERATION As of August 31, 2025, we had an accumulated deficit of $63,242. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. Year Ended August 31, 2025 compared to the year ended August 31, 2024 Revenue During the year ended August 31, 2025, the Company had $81,936 in revenue, compared to $46,959 during the year ended August 31, 2024. For the year ended August 31, 2025, the Company had in $74,667 in cost of goods sold and $7,269 in gross profit. For the year ended August 31, 2024, the Company had in $39,939 in cost of goods sold and $7,020 in gross profit. 4 | Page Table of Contents Operating Expenses During the year ended August 31, 2025, we incurred total operating expenses of $45,923 compared to $30,620 during the year ended August 31, 2024. General and administrative and professional fee expenses incurred generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting and developmental cos

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not applicable. 6 | Page Table of Contents

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Report of Independent Registered Public Accounting Firm F-1 Balance Sheets as of August 31, 2025 and August 31, 2024 F-2 F-3 F-4 F-5 Notes to the Financial Statements F-6 -F-8 7 | Page Table of Contents Report of Independent Registered Public Accounting Firm To the shareholders and the board of directors of Oyocar Group, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of Oyocar Group, Inc. (the "Company") as of August 31, 2025, and 2024, the related statements of operations, changes in shareholders' equity and cash flows, for the years then ended and the related notes (collectively referred to as the "financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of August 31, 2025, and 2024, and the results of its operations and its cash flows for the year ended August 31, 2025, and 2024, in conformity with U.S. generally accepted accounting principles. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company has accumulated deficit of $63,242, the Company currently has limited revenue. The continuation of the Company as a going concern is dependent upon improving profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide additional cash to meet the Company's obligations as they become due. These factors raise substantial doubt about the Company ability to continue as a goi

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION OYOCAR GROUP INC. BALANCE SHEETS Audited AUGUST 31, 2025 AUGUST 31, 2024 ASSETS Current Assets Cash and cash equivalents $ 40,630 $ 42,620 Prepaid expenses - 26,782 Accounts receivable - 2,259 Total current assets 40,630 71,661 Non-Current Assets Computer and Software $ 2,550 $ 3,338 Inventory - 15,851 Total non-current assets 2,550 19,189 TOTAL ASSETS $ 43,180 $ 90,850 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Advances from related party $ 15,892 $ 15,803 Accounts payable 11,500 - Prepaid sales deposit - 20,605 Total current liabilities 27,392 36,408 Total Liabilities 27,392 36,408 Commitments and contingencies Stockholders' Equity Common stock, $ 0.001 par value, 75,000,000 shares authorized; 15,337,250 shares issued and outstanding 15,337 15,337 Additional paid-in-capital 63,693 63,693 Accumulated deficit ( 63,242 ) ( 24,588 ) Total Stockholders' Equity 15,788 54,442 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,180 $ 90,850 The accompanying notes are an integral part of these unaudited financial statements. F-2 Table of Contents OYOCAR GROUP INC. Audited Year ended August 31, 2025 Year ended August 31, 2024 Revenue $ 81,936 $ 46,959 Cost of goods sold 74,667 39,939 Gross profit 7,269 7,020 OPERATING EXPENSES General and administrative expenses 45,923 30,620 Total operating expenses ( 45,923 ) ( 30,620 ) Loss before provision for income taxes ( 38,654 ) ( 23,600 ) Provision for income taxes - - Net loss $ ( 38,654 ) $ ( 23,600 ) Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 15,337,250 12,282,484 The accompanying notes are an integral part of these unaudited financial statements. F-3 Table of Contents OYOCAR GROUP INC.

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