Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 62

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 62
---
-F filed with SEC on February 19, 2025.

Comparison
of Years Ended December 31, 2023 and 2022

In
evaluating our operating results for the years ended December 31, 2023 and 2022, you should carefully consider the information provided
under the caption “ Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Prospectus.

  34  

B. Liquidity and Capital Resources

Liquidity
and Capital Resources

We financed our operations primarily through cash flows from operations
and loans from banks, if necessary. As of June 30, 2025, we had cash and cash equivalents of approximately HK$10.6 million and did not
have any outstanding bank loans. As of June 30, 2025, our current assets were approximately HK$32.4 million, and our current liabilities
were approximately HK$10.9 million. As of June 30, 2024, our current assets were approximately HK$10.6 million, and our current liabilities
were approximately HK$7.0 million. Our current ratio improved from approximately 1.5 as of June 30, 2024 to 3.0 as of June 30, 2025.

In
view of the current cash and bank balances, funds generated by our operating activities and bank loans, we believe our Company has sufficient
resources to meet the working capital needs in the next 12 months from the date the audited financial statements are issued. However,
our ability to meet the liquidity and capital requirement will be subject to future economic conditions and other factors which are beyond
our control. If we experience an adverse operating environment or incur unanticipated capital expenditure requirements, or if we accelerate
our growth, then additional financing may be required. No assurance can be given, however, that additional financing, if required, would
be available at all or on favorable terms. Such financing may include the use of additional debt or the sale of additional equity securities.
Any financing which involves the sale of equity securities or instruments that are convertible into equity securities could result in
immediate and possibly significant dilution to our existing shareholders.

Cash
Flows

The
following table sets forth a summary of our consolidated cash flows for FY2023 and FY2025, respectively:

                                                       Year                          Year                       
                                                       ended                         ended                      
                                                                                                                
                                                       December                      June                       
                                                       31, 2023                      30, 2025                   
 ─────────