Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 232

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 232
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 meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized
the undersigned to sign this annual report on its behalf.

  Galaxy Payroll                                            
  By:                 /s/                                   
  Name:               Wai Hong Lao                          
  Title:              Chief Executive Officer and Director  

Date:
October 24, 2025

GALAXY PAYROLL GROUP LIMITED

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

                                                                                                                                 Pages  
  Report of Independent Registered Public Accounting Firm (PCAOB ID: 7254)                                                       F-2    
  Consolidated Balance Sheets as of June 30, 2025 and 2024                                                                       F-3    
  Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) for the years ended June 30, 2025, 2024 and 2023      F-4    
  Consolidated Statements of Change in Shareholders’ Equity for the years ended June 30, 2025, 2024 and 2023                     F-5    
  Consolidated Statements of Cash Flows for the years ended June 30, 2025, 2024 and 2023                                         F-6    
  Notes to Consolidated Financial Statements for the years ended June 30, 2025, 2024 and 2023                                    F-7    

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Shareholders and Board of Directors of
Galaxy Payroll Group Limited:

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated
balance sheets of Galaxy Payroll Group Limited and its subsidiaries (the “ Company”) as of June 30, 2024 and 2025, the related
consolidated statements of income/(loss) and comprehensive income/(loss), changes in shareholders’ equity and cash flows for each
of the three years in the period ended June 30, 2025, and the related notes (collectively referred to as the “consolidated
financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated
financial position of the Company as of June 30, 2024 and 2025, and the consolidated results of its operations and its cash flows for
each of the three years in the period ended June 30, 2025, in conformity with accounting principles generally accepted
in the United States of America.