BestGofer Inc. Annual Report - Investor Summary

Welcome to an investor-focused breakdown of BestGofer Inc.'s latest annual report. We'll cut through the jargon to provide a clear picture of what BestGofer does, its financial health, and the key factors you should consider.

Business Overview

BestGofer Inc. now primarily operates through Liberty Home Inspection Services LLC (LHIS), which it acquired on August 31, 2025. LHIS provides professional home inspection services to residential buyers, sellers, and real estate professionals exclusively in Washington State. This acquisition marks a significant strategic shift, as LHIS currently generates all of BestGofer's revenue.

BestGofer originally envisioned launching an on-demand delivery service app, connecting users with independent contractors ("Gofers") for various deliveries. Although the BestGofer app was designed to facilitate orders up to $400, with BestGofer taking a 30% commission from Gofers, this delivery service remains pre-operational. It has not launched, generates no revenue, and its future is highly uncertain, lacking committed funding or a set launch date. Management continues to "evaluate opportunities" for this platform, but cannot guarantee it will ever become operational or profitable.

• Employees: BestGofer employs only one person, who manages strategy, finance, and customer relations. Future hiring depends on revenue growth.
• Headquarters: The company's headquarters are in Jerusalem, Israel.

Financial Performance (Year Ended November 30, 2025)

The fiscal year ending November 30, 2025, was the first period BestGofer reported revenue.

• Revenue: The company generated $5,260 in revenue, a significant increase from $0 in the prior year. LHIS operations generated this entire amount during the three months following its acquisition (September to November 2025).
• Cost of Revenue: Direct costs for these home inspections totaled $1,264 for the same three-month period.
• Net Loss: The company's overall expenses significantly outpaced its limited revenue, resulting in a substantial net loss for the fiscal year.

Risk Factors

Investors should be aware of several significant risks:

1. Going Concern: The company's ability to continue operating is the most critical risk. Without securing substantial additional funding, BestGofer may be unable to meet its obligations and could cease operations.
2. Funding Dependency & Dilution: BestGofer relies heavily on external funding. Future stock sales to fund operations will likely dilute the ownership stake of existing shareholders.
3. Single Revenue Source: LHIS currently generates all of the company's revenue. Any adverse impact on the home inspection market in Washington State or on LHIS's operations would severely affect BestGofer's financial performance.
4. Unproven Original Business: The original BestGofer delivery platform remains unfunded and non-operational, with no clear path to launch or profitability. This represents a significant past investment with no current return.
5. Illiquid Stock: No public market exists for BestGofer's stock, making it extremely difficult for investors to buy or sell shares. As of March 12, 2025, only 31 shareholders held 5.9 million outstanding shares, indicating a very limited and illiquid market.
6. Key Person Risk: BestGofer operates with only one employee, making it highly vulnerable if it loses this individual.
7. Limited Disclosure: As a "smaller reporting company" and "emerging growth company," BestGofer faces fewer disclosure requirements than larger public companies, which may limit investor information.

Management's Discussion and Analysis (MD&A) Highlights

Results of Operations: In the fiscal year ended November 30, 2025, BestGofer Inc. reported its first-ever revenue of $5,260. LHIS operations generated this entire amount after its acquisition on August 31, 2025. This marks a significant increase from $0 in the prior fiscal year. LHIS operations incurred $1,264 in cost of revenue during this period. The company's original on-demand delivery service platform remains pre-operational and generated no revenue. Despite the new revenue stream, overall operating expenses significantly outpaced revenue, resulting in a substantial net loss for the fiscal year.

Liquidity and Capital Resources: BestGofer Inc. faces significant liquidity challenges, highlighted by a "going concern" warning. As of November 30, 2025, the company held only $3,202 in cash. Management projects operating expenses of $34,000 to $42,000 for the next 12 months (ending November 30, 2026), while LHIS is estimated to generate $18,000 to $25,000 in revenue. This forecast indicates a projected cash shortfall of $6,000 to $21,000, requiring additional capital. The company has historically funded its activities through private placements of common stock and will need to secure further debt or equity funding to continue operations. There is no guarantee that such funding will be available on favorable terms or at all.

Financial Health

BestGofer faces critical financial challenges, including a "going concern" warning that raises substantial doubt about its ability to continue operating without additional funding.

• Cash Position: As of November 30, 2025, BestGofer held only $3,202 in cash.
• Liquidity: The company's current cash cannot cover projected operating expenses for the upcoming fiscal year. Management anticipates a $6,000 to $21,000 cash shortfall over the next 12 months, highlighting severe liquidity constraints. To bridge this gap and sustain operations, BestGofer must raise additional capital through debt or by selling more stock. The company has historically funded its activities through private placements of common stock.

Future Outlook

BestGofer's future outlook largely depends on its ability to secure additional capital and successfully grow its home inspection business.

• Guidance: For the next 12 months (ending November 30, 2026), the company projects operating expenses of $34,000 to $42,000, while LHIS expects to generate $18,000 to $25,000 in revenue. This forecast indicates a significant cash shortfall, underscoring the immediate need for external funding.
• Strategic Focus: The immediate strategy focuses on growing LHIS's revenue and profitability within Washington State. The future of the original BestGofer on-demand delivery app remains uncertain; management "evaluates opportunities," but no committed funding or set launch date exists, and its operational or financial viability is not guaranteed.
• Capital Needs: The company's ability to continue operating hinges on successfully raising additional debt or equity capital. Future stock sales would likely result in dilution for existing shareholders.
• Dividend Policy: BestGofer has not paid dividends and does not anticipate doing so in the foreseeable future, as it intends to reinvest any potential earnings back into the business.

Competitive Position

Home Inspection Services Market (LHIS): BestGofer, through its subsidiary LHIS, operates in Washington State's highly fragmented home inspection services market. Numerous local and regional service providers characterize this market, where competition centers on reputation, service quality, pricing, speed, and relationships with real estate agents.

On-Demand Delivery Service Market (BestGofer App): If launched, the original BestGofer on-demand delivery platform would enter a highly competitive and established market dominated by well-capitalized national and regional players. This market features significant network effects, high marketing costs, and intense competition for both users and independent contractors. Given that the BestGofer app is pre-operational and unfunded, its competitive position in this market remains theoretical and highly uncertain.