ALPS on Nasdaq
Alps Group Inc
Alps Group Inc is a health services company based in Kuala Lumpur, Cayman Islands.2
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Last updated Oct 21, 2026.
Overview
- TickerALPS on Nasdaq2
- IndustryServices-Health Services2
- HeadquartersKuala Lumpur, Malaysia2
- Incorporated inCayman Islands3
- Business addressUnit E-18-01 & E-18-02, Level 18,, Icon Tower (East), No.1,Jalan 1/68F,, Kuala Lumpur3
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formexempt company2
- LEI529900TD0MG2V2GGRC412
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o Ogier Global (Cayman)Limited, 89 Nexus Way, Camana Bay, KY1-9009 Grand Cayman, Cayman Islands2
- Registered withGeneral Registry, 4099162
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January 8, 2026, we announced that Cheing Lye-Ping (Penny) joined as Chief Financial Officer of the Company.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenue | $4.9M | $3.4M | $2.4M |
| Cost of sales | -$3.3M | -$2.1M | -$1.8M |
| Gross profit | $1.6M | $1.3M | $598.9K |
| Other operating income | $1.3M | $31.3K | $50.0K |
| Finance income | $3.9K | $123 | |
| Distribution expenses | -$205.6K | -$273.5K | -$160.9K |
| Administrative expenses | -$3.5M | -$2.4M | -$1.9M |
| Other operating expenses | -$1.2M | -$1.1M | -$917.5K |
| Share result of associates | $14.4K | -$10.8K | $3.4K |
| Loss from operations | -$2.0M | -$2.5M | -$2.4M |
| Finance costs | -$50.5K | -$48.3K | -$42.8K |
| Loss before tax | -$2.1M | -$2.5M | -$2.4M |
| Income tax expense | -$5.1K | -$95.6K | $7.4K |
| Loss for the financial year | -$2.1M | -$2.6M | -$2.4M |
| Change in fair value of other investment | -$77.0K | ||
| Foreign currency translation | -$182.1K | $57.8K | -$121.3K |
| Other comprehensive (loss)/income for the financial year | -$259.1K | $57.8K | -$121.3K |
| Total comprehensive loss for the financial year | -$2.3M | -$2.6M | -$2.5M |
| Owners of the Company | -$2.0M | -$2.5M | -$2.3M |
| Non-controlling interests | -$78.0K | -$111.2K | -$87.1K |
| Loss for the financial year | -$2.1M | -$2.6M | -$2.4M |
| Owners of the Company | -$2.3M | -$2.5M | -$2.4M |
| Non-controlling interests | -$78.0K | -$111.2K | -$87.1K |
| Total comprehensive loss for the financial year | -$2.3M | -$2.6M | -$2.5M |
| Loss per share - basic | -$0.02 | -$0.02 | -$0.01 |
| Loss per share - diluted | -$0.02 | -$0.02 | -$0.01 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Property, plant and equipment | $2.2M | $2.4M | ||
| Right-of-use assets | $533.5K | $940.2K | ||
| Intangible assets | $616.6K | $728.3K | ||
| Other investments | $1.7M | |||
| Investment in associates | $18.6K | $1.6M | ||
| Total Non-Current Assets | $5.0M | $5.6M | ||
| Inventories | $492.9K | $556.2K | ||
| Trade receivables | $135.2K | $45.5K | ||
| Other receivables, deposits and prepayments | $423.7K | $295.0K | ||
| Amount due from associates | $27.4K | $18.4K | ||
| Tax recoverable | $288.3K | $256.8K | ||
| Cash and bank balances | $607.5K | $318.9K | ||
| Total Current Assets | $2.0M | $1.5M | ||
| Total Assets | $7.0M | $7.1M | ||
| Share capital | $16.6K | $580 | $13.5M | |
| Merger reserves | $10.7M | $10.5M | ||
| Accumulated losses | -$13.2M | -$11.2M | ||
| Fair value reserve | -$77.0K | |||
| Foreign translation reserve | -$370.0K | -$187.9K | ||
| Equity Attributable to the Owners of the Company | -$2.9M | -$888.6K | ||
| Non-controlling interests | -$305.4K | -$227.4K | ||
| Capital Deficiencies | -$3.2M | -$1.1M | $1.5M | $1.7M |
| Amount due to directors | $4.4M | |||
| Lease liabilities | $176.4K | $738.2K | ||
| Deferred tax liabilities | $22.9K | $21.6K | ||
| Warrant liability | $125.5K | |||
| Total Non-Current Liabilities | $4.7M | $759.8K | ||
| Trade payables | $349.8K | $321.4K | ||
| Other payables and accruals | $3.5M | $878.4K | ||
| Amount due to associates | $132.5K | $20.8K | ||
| Amount due to directors | $1.2M | $6.0M | ||
| Lease liabilities | $382.9K | $223.6K | ||
| Tax liabilities | $73.3K | |||
| Total Current Liabilities | $5.5M | $7.5M | ||
| Total Liabilities | $10.2M | $8.2M | ||
| Total Equity and Liabilities | $7.0M | $7.1M |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Property, plant and equipment | $2.2M | $2.4M | ||
| Right-of-use assets | $533.5K | $940.2K | ||
| Intangible assets | $616.6K | $728.3K | ||
| Other investments | $1.7M | |||
| Investment in associates | $18.6K | $1.6M | ||
| Total Non-Current Assets | $5.0M | $5.6M | ||
| Inventories | $492.9K | $556.2K | ||
| Trade receivables | $135.2K | $45.5K | ||
| Other receivables, deposits and prepayments | $423.7K | $295.0K | ||
| Amount due from associates | $27.4K | $18.4K | ||
| Tax recoverable | $288.3K | $256.8K | ||
| Cash and bank balances | $607.5K | $318.9K | ||
| Total Current Assets | $2.0M | $1.5M | ||
| Total Assets | $7.0M | $7.1M | ||
| Share capital | $16.6K | $580 | $13.5M | |
| Merger reserves | $10.7M | $10.5M | ||
| Accumulated losses | -$13.2M | -$11.2M | ||
| Fair value reserve | -$77.0K | |||
| Foreign translation reserve | -$370.0K | -$187.9K | ||
| Equity Attributable to the Owners of the Company | -$2.9M | -$888.6K | ||
| Non-controlling interests | -$305.4K | -$227.4K | ||
| Capital Deficiencies | -$3.2M | -$1.1M | $1.5M | $1.7M |
| Amount due to directors | $4.4M | |||
| Lease liabilities | $176.4K | $738.2K | ||
| Deferred tax liabilities | $22.9K | $21.6K | ||
| Warrant liability | $125.5K | |||
| Total Non-Current Liabilities | $4.7M | $759.8K | ||
| Trade payables | $349.8K | $321.4K | ||
| Other payables and accruals | $3.5M | $878.4K | ||
| Amount due to associates | $132.5K | $20.8K | ||
| Amount due to directors | $1.2M | $6.0M | ||
| Lease liabilities | $382.9K | $223.6K | ||
| Tax liabilities | $73.3K | |||
| Total Current Liabilities | $5.5M | $7.5M | ||
| Total Liabilities | $10.2M | $8.2M | ||
| Total Equity and Liabilities | $7.0M | $7.1M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Loss before tax | -$2.1M | -$2.5M | -$2.4M |
| Amortisation of intangible assets | $173.5K | $163.1K | $44.8K |
| Amortisation of right-of-use assets | $474.9K | $500.1K | $403.0K |
| Depreciation of property, plant and equipment | $481.2K | $465.3K | $455.6K |
| Finance income | -$3.9K | -$123 | |
| Gain on loan modification | -$583.1K | ||
| Gain on disposal of other investment | -$215 | ||
| Interest expenses | $50.5K | $48.3K | $42.8K |
| Property, plant and equipment written off | $14.1K | ||
| Bad debts written off | $7.8K | ||
| Impairment loss on trade receivables | $33.6K | ||
| Allowance for slow moving inventories | $67.6K | ||
| Loss on disposal of investment in associates | $677 | ||
| Fair value gain on warranty liability | -$478.0K | ||
| Reversal of impairment loss on investment in associate | -$263 | ||
| Share of results of associates | -$14.4K | $10.8K | -$3.4K |
| Operating loss before changes in working capital | -$1.9M | -$1.3M | -$1.4M |
| Inventories | $43.9K | -$192.1K | $26.2K |
| Trade receivables | -$115.8K | $28.5K | -$55.5K |
| Other receivables, deposits and prepayments | -$102.7K | -$60.1K | $25.6K |
| Trade payables | -$2.2K | $145.8K | $46.3K |
| Other payables and accruals | -$510.3K | -$77.6K | $149.1K |
| Cash Used In Operations | -$2.6M | -$1.5M | -$1.3M |
| Interest received | $3.9K | $123 | |
| Tax paid | -$82.0K | -$122.0K | -$116.7K |
| Tax refund | $60.9K | $10.5K | |
| Net Cash Used In Operating Activities | -$2.6M | -$1.6M | -$1.4M |
| Acquisition of associates | -$1.5M | ||
| Advances to associates | -$8.1K | -$16.3K | |
| Purchase of property, plant and equipment | -$56.4K | -$83.8K | -$221.3K |
| Net Cash Used In Investing Activities | -$64.5K | -$100.1K | -$1.7M |
| Proceeds from issuance of shares | $3.1M | $2.3M | |
| Advances from directors | $165.1K | $2.4M | $1.5M |
| Interest paid | -$50.5K | -$48.3K | -$42.8K |
| Repayment of hire purchase liabilities | -$7.3K | -$10.5K | |
| Repayment of lease liabilities | -$402.6K | -$460.2K | -$414.8K |
| Advances from associates | $111.7K | $20.8K | $159 |
| Net Cash From Financing Activities | $2.9M | $1.9M | $3.3M |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $291.4K | $157.7K | $197.6K |
| Effect of exchange differences | -$2.8K | -$299.3K | $1.1K |
No quarter-by-quarter statement was filed.
Corporate structure
Alps Group Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Alps Group Inc
- Seng Kong Tham Filed SCHEDULE 13D on Alps Group Inc, latest Nov 12, 2025
- Kuang Sia Lim Filed SCHEDULE 13G on Alps Group Inc, latest Nov 3, 2025
- CRYSTAL PROPEL SDN. BHD. Filed SCHEDULE 13G on Alps Group Inc, latest Nov 3, 2025
- Alps Group Inc Kuala Lumpur, Malaysia
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
Leadership
Who has led Alps Group Inc, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerSeng Kong Tham Mar 20, 2026 to now6
- Chief financial officerLye-Ping Cheing Mar 24, 2026 to now7
- Chief operating officerWei Sim Low Mar 20, 2026 to now8
Board members and other officers (6)
- Chief Scientific OfficerRavichandran Manickam Mar 20, 2026 to now9
- OfficerChit Laa Poh Mar 24, 2026 to now10
- Board memberSeng Kong Tham Mar 20, 2026 to now6
- Board memberSuleiman Bin Mohamed Mar 20, 2026 to now11
- Board memberBoon Ping Chua Mar 24, 2026 to now12
- Board memberYoke Ling Chew Mar 24, 2026 to now13
Former names
- Alps Global Holding PubcoJun 18, 2024 to Oct 27, 20253
Timeline
Filings
78 filings to the SEC since October 2021: 2 annual reports, 9 insider forms, 3 large holders, 64 other. The latest 20:
- Oct 15, 20266-K EDGAR
- Oct 8, 20266-K EDGAR
- Aug 7, 20266-K EDGAR
- Aug 6, 202620-F EDGAR
- Jul 31, 2026NT 20-F EDGAR
- Jun 23, 20266-K EDGAR
- Jun 9, 20266-K EDGAR
- May 19, 20266-K EDGAR
- Apr 20, 20263 EDGAR
- Apr 17, 20266-K EDGAR
- Mar 24, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 20, 20263 EDGAR
- Mar 20, 20263 EDGAR
- Mar 20, 20263 EDGAR
- Mar 20, 20263 EDGAR
- Feb 23, 20266-K EDGAR
- Feb 5, 20266-K EDGAR
The 78 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Seng Kong ThamSCHEDULE 13D, 1 filing Nov 12, 202514
- Kuang Sia LimSCHEDULE 13G, 1 filing Nov 3, 202515
- Propel Sdn. Bhd. CrystalSCHEDULE 13G, 1 filing Nov 3, 202516
SEC filer profile
How Alps Group Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAlps Group Inc1
- CIK0002025774
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsMarch 311
- Industry code (SIC)8000 Services-Health Services1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business addressUnit E-18-01 & E-18-02, Level 18,, Icon Tower (East), No.1,Jalan 1/68F,, Kuala Lumpur, Malaysia1
- Phone603216311131
- Shares outstanding166,400,314 shares as of Mar 31, 20264
- AuditorUHY Malaysia PLT, Kuala Lumpur, Malaysia PCAOB ID 2672; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 18, 20241
- Filings78 in all: 6-K (13), UPLOAD (12), CORRESP (10), 3 (9), F-4/A (8), DRS/A (4), DRSLTR (3), 20-F (2)1
All 21 form types
424B3 (2), EFFECT (2), SCHEDULE 13G (2), SEC STAFF LETTER (2), 425 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-4 (1), NT 20-F (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (20-F) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value $0.0001 per share | ALPS | The Nasdaq Stock Market LLC |
| Warrants to purchase ordinary shares | ALPWF |
From the cover page of the 20-F filed Aug 6, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARAlps Group Inc filings on SEC EDGAR
- 2
- 3SEC EDGARAlps Group Inc filings on SEC EDGAR
- 4
- 5
- 6
- 7
- 8SEC EDGARWei Sim Low, Chief operating officer
- 9
- 10SEC EDGARChit Laa Poh, Officer
- 11SEC EDGARSuleiman Bin Mohamed, Board member
- 12SEC EDGARBoon Ping Chua, Board member
- 13SEC EDGARYoke Ling Chew, Board member
- 14
- 15
- 16