{"url_path":"/sec/ivhi/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 **","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-01-20","source_url":"https://www.sec.gov/Archives/edgar/data/1009919/0001683168-26-000412-index.html","accession_number":"0001683168-26-000412","cik":"0001009919","ticker":"IVHI","issuer_name":"Invech Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1009919/0001683168-26-000412-index.html","primary_entity_key":"0001009919","primary_entity_name":"Invech Holdings, Inc."},"word_count":871,"has_tables":true,"body_markdown":"**Item 7.**\n**Management’s Discussion and Analysis of Financial Condition and Results of Operations**\n\n** **\n\n**INTRODUCTION**\n\n \n\nThis section provides management’s discussion of the financial\ncondition, changes in financial condition and results of operations of Invech Holdings, Inc.\nwith specific information on results of operations and liquidity and capital resources. It includes management’s interpretation\nof our financial results, the factors affecting these results, the major factors expected to affect future operating results and future\ninvestment and financing plans. This discussion should be read in conjunction with our consolidated financial statements and notes thereto. \n\n \n\n**Cautionary Statement\nfor the Purposes of the Safe Harbor under the Private Securities Litigation Reform Act of 1995**\n\n \n\nThe statements contained in this Annual Report on Form 10-K may contain\n“forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities\nExchange Act of 1934. All statements other than statements of historical fact included in this Report are forward-looking statements made\nin good faith by us and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform\nAct of 1995. When used in this Report, or any other of our documents or oral presentations, the words “anticipate”, “believe”,\n“estimate”, “expect”, “forecast”, “goal”, “intend”, “objective”,\n“plan”, “projection”, “seek”, “strategy” or similar words are intended to identify forward-looking\nstatements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially\nfrom those expressed or implied in the statements relating to our strategy, operations, markets, services, and other factors all of which\nare difficult to predict and many of which are beyond our control. Accordingly, while we believe these forward-looking statements to be\nreasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be\nrealized. Further, we undertake no obligation to update or revise any of our forward-looking statements whether as a result of new information,\nfuture events or otherwise.\n\n \n\n**Results of Operations\nfor Invech Holdings, Inc. — Comparison of the Years ended December 31, 2025 and 2024**\n\n \n\n*Working Capital*\n\n \n\n  \nDecember 31,\n2025\n$ \nDecember 31,\n2024\n$\n\nCurrent Assets \n 1,500  \n 1,260 \n\nCurrent Liabilities \n 63,649  \n 9,834 \n\nWorking Capital (Deficit) \n (62,149) \n (8,574)\n\n \n\n*Cash Flows*\n\n \n\n  \nDecember 31,\n2025\n$ \nDecember 31,\n2024\n$\n\nCash Flows used in Operating Activities \n (58,258) \n (61,735)\n\nCash Flows used in Investing Activities \n –  \n – \n\nCash Flows from Financing Activities \n 58,258  \n 54,735 \n\nNet change in Cash During Year \n –  \n – \n\n \n\n \n\n \n\n 17 \n\n \n\n \n\n*Revenue*\n\n \n\nWe had no revenues from\noperations during either 2025 or 2024.\n\n \n\n*Operating Expenses and Net Loss*\n\n \n\nDuring the year ended December 31, 2025, the Company recorded operating\nexpenses of $58,018 compared to $60,475 during the year ended December 31, 2023, a decrease of $2,457. The decrease in operating expenses\nfor 2025 was due to administrative expenses.\n\n \n\nNet loss for the year ended December 31, 2025, was $58,018 as compared\nwith $60,475 during the year ended December 31, 2024.\n\n \n\nFor the year ended December 31, 2025, the Company recorded a loss per\nshare of $0.00 which is consistent with the year ended December 31, 2024. \n\n \n\n*Liquidity and Capital Resources*\n\n \n\nAs of December 31, 2025, the Company had cash of $0 and total assets\nof $1,500 compared to cash of $0 and total assets of $1,260 as of December 31, 2024.\n\n \n\nAs of December 31, 2025, the Company had total liabilities of $63,649\ncompared with total liabilities of $9,834 as of December 31, 2024. The Company increased its liabilities in 2025 due to operating expenses.\n\n \n\nAs of December 31, 2025, the Company had a working capital deficit\nof $62,149 compared with a working capital deficit of $8,574 as of December 31, 2024.  \n\n \n\nDuring the year ended December 31, 2025, the Company issued 0 common\nshares.\n\n \n\n*Cash Flows from Operating Activities*\n\n \n\nDuring the year ended December 31, 2025, the Company used $58,258 of\ncash for operating activities compared with $61,735 of cash for operating activities during the year ended December 31, 2024.\n\n \n\n*Cash Flows from Investing Activities*\n\n \n\nDuring the year ended December 31, 2025, the Company received $0 of\ncash for investing activities compared to the incurrence of $0 from investing activities during the year ended December 31, 2024.  During\nfiscal 2025, the Company’s focus was on obtaining clients for its public company compliance business.\n\n \n\n*Cash Flows from Financing Activities*\n\n \n\nDuring the year ended December 31, 2025, the Company received $58,258\nof proceeds from financing activities compared to proceeds of $54,735 during the year ended December 31, 2024.  \n\n \n\n*Going Concern*\n\n \n\nThe Company has not attained profitable operations and is dependent\nupon obtaining financing to pursue any extensive acquisitions and activities. During the year ended December 31, 2025, the Company incurred\na net loss of $58,018 and used cash of $58,258 for operating activities. As of December 31, 2025, the Company had a working capital deficit\nof $62,149 and an accumulated deficit of $365,083. These factors raise substantial doubt regarding the Company’s ability to continue\nas a going concern. The audited financial statements included in this Form 10-K does not include any adjustments to the recoverability\nand classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to\ncontinue as a going concern.\n\n \n\n \n\n \n\n 18"}