Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 60

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 60
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, being (i) professional solution services that represent delivery of accounting
and auditing, company secretarial, and financial and compliance advisory services; (ii) nursing solution services that represent delivery
of temporary healthcare services to institutional clients, including social service organizations and nursing home and individuals; and
(iii) logistics and other solution services that represent delivery of logistic and warehouse human resources solution services to corporate
customers.

Our revenue increased significantly by approximately HK$39.4 million or 89.3% from approximately HK$44.1 million
for FY2023 to approximately HK$83.5 million for FY2025, mainly due to the combined effect of (i) increase in revenue from the provision
of nursing solution services of approximately HK$21.2 million; and (ii) increase in revenue from the provision of logistics and other
solution services of approximately HK$16.6 million.

Both segments achieved year-over-year growth exceeding 200%. The increase in revenue from the provision of nursing
solution services was mainly attributable to a rise in the number of customers during FY2025. The increase in revenue from the provision
of logistics and other solution services was mainly attributable to the rapid expansion of this sector and additional demand driven by
increased work placements from two major customers during FY2025.

Cost
of revenue

Cost
of revenue increased by approximately HK$39.9 million or 129.1% from approximately HK$30.9 million in FY2023 to approximately HK$70.8
million in FY2025. Such increase was generally in line with surge in our revenue.

Gross
profit

Gross profit remained relatively stable at approximately HK$13.3 million
and HK$12.8 million for FY2023 and FY2025, respectively, as the increase in overall revenue from our operations was offset by the deterioration
in our gross profit margin. Our gross profit margin decreased from approximately 30.1% in FY2023 to 15.3% in FY2025, primarily due to
the increase in revenue from the provision of nursing solution services
and logistics and other solution services, which carried lower margins and therefore drove down the overall gross profit margin.

General
and administrative expenses

General and administrative
expenses were approximately 13.7% and 24.7% of total revenue in FY2023 and FY2025, respectively. The increase in general and
administrative expenses by approximately HK$14.6 million, or 243.3%, was