Forward-Looking Statements and Associated Risks.

This Quarterly Report contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plans and objectives for our future operations. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors" and the risks set out below, any of which may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These risks include, by way of example and not in limitation:

? the uncertainty of profitability based upon our history of losses;

? risks related to failure to obtain adequate financing on a timely basis and on

acceptable terms to continue as a going concern;

? risks related to our international operations and currency exchange

fluctuations; and

? other risks and uncertainties related to our business plan and business


   strategy.

This list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements. Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to "common stock" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our", the "Company" and "Frontera Group" mean Frontera Group Inc. unless otherwise indicated.





Our Business

Frontera Group Inc. is a "smaller reporting company", meaning that we are not an investment company, an asset-backed issuer, or a majority-owned subsidiary of a parent company that is not a smaller reporting company and have a public float of less than $75 million and annual revenues of less than $50 million during the most recently completed fiscal year. "Smaller reporting companies" are able to provide simplified executive compensation disclosures in their filings; are exempt from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring that its independent registered public accounting firm provide an attestation report on the effectiveness of internal control over financial reporting; are not required to conduct say-on-pay and frequency votes until annual meetings occurring on or after January 21, 2013; and have certain other decreased disclosure obligations in their SEC filings, including, among other things, only being required to provide two years of audited financial statements in annual reports.

Results of operations for the three-month periods ended September 30, 2022 and 2021





Revenue

We had revenue and cost of revenue of $247,333 and $337,600, respectively, during the three months ended September 30, 2022. We had no revenue or cost of revenue for the three months ended September 31, 2021. We did not perform any services during the three months ended September 31, 2021.



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Costs and Expenses

We incurred $67,208 in professional fees and $183,095 in general and administrative expenses during the three months ended September 30, 2022. We incurred $24,425 in professional fees during the three months ended September 30, 2021.





Net Loss

We had a net loss of $353,070 during the three months ended September 30, 2022. We had net loss of $24,425 during the three months ended September 30, 2021.

Liquidity and Capital Resources





                              Sept 30, 2022       June 30, 2021

Total assets                 $     5,151,885     $     5,311,838
Total liabilities                 (6,255,912 )        (6,452,796 )
Working capital deficiency   $    (1,104,027 )   $    (1,140,958 )




Liquidity

Since we currently have limited operations, additional capital will be required to continue operations. We have explored and are continuing to explore options to provide additional financing to fund future operations as well as other possible courses of action. Such actions include, but are not limited to, securing lines of credit, sales of debt or equity securities (which may result in dilution to existing shareholders), loans and cash advances from our directors or other third parties, and other similar actions. There can be no assurance that we will be able to obtain additional funding (if needed), on acceptable terms or at all, through a sale of our common stock, loans from financial institutions, our directors, or other third parties, or any of the actions discussed above. If we cannot sustain profitable operations, and additional capital is unavailable, lack of liquidity could have a material adverse effect on our business viability, financial position, results of operations and cash flows.



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Cash Flows

Cash Flows from Operating Activities

During the three months ended September 30, 2022 and 2021, we used $482,513 and $14,425, respectively, in operating activities.

Cash Flows from Investing Activities

We did not generate or use any cash from investing activities during the three months ended September 30, 2022 and 2021.

Cash Flows from Financing Activities

During the three months ended March 31, 2022 and 2021, we issued 26,233,332 and 13,750,000 shares of common stock, respectively, for a total value of $385,996 and $3,000, respectively. Our Chairman of the Board of Directors contributed $14,425 to the Company during the three months ended September 31, 2021. During the three months ended September 30, 2021, we cancelled 300,000,000 shares of common stock.

Management expects to keep operating costs to a minimum until cash is available through financing or operating activities. Management plans to continue to seek, in addition to equity financing, other sources of financing (e.g., shareholder loans) on favorable terms; however, there are no assurances that any such financing can be obtained on favorable terms, if at all.

If we are unable to generate profits sufficient to cover our operating costs or to obtain additional funds for our working capital needs, we may need to cease or curtail operations. Furthermore, there is no assurance the net proceeds from any successful financing arrangement will be sufficient to cover cash requirements during the initial stages of the Company's operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.



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