Grande Group Limited, a Hong Kong-based boutique corporate finance advisory firm licensed under the Securities and Futures Ordinance (SFO), reported a 40.6% revenue decline to $1.8 million for fiscal year 2026 driven by fewer advisory engagements and slower progress in IPO projects. The company also posted a $3.5 million net loss impacted by increased operating expenses including goodwill impairment relating to its recent acquisition of Proplus. Its regulatory constraints prohibit dealing activities outside corporate finance-related transactions, limiting business scope. While diversification into executive training through Proplus broadens revenue streams, liquidity remains pressured with a current ratio of 0.54 as of March 31, 2026. Continued reliance on related-party support for working capital highlights ongoing funding risks amid an uncertain deal pipeline.