Company: GINT
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001213900-25-079257
Chunk: 105

Company: Gifts International Holdings Ltd
Filing Date: 2025-08-21
Form: F-1/A
Chunk 105
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 FY2024 to HK$91.8million (US$11.8million) for FY2025, representing an increase of approximately HK$10.3million or 12.6%. This growth in revenue was primarily driven by an increase in total order volume of around 6% and a rise in average order value of around 6% during FY2025. During FY2024 and FY2025, our revenue was mainly contributed by the sales to corporate clients, which accounted for approximately 66.7% and 70.5% of total revenue in FY2024 and FY2025 respectively.

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Cost of revenues Cost of revenues consists primarily of (i) cost of floral and non -floralmerchandise sold from inventory or through third parties; (ii) bouquet fulfillment costs; and (iii) cost associated with wrapping and packaging. The table below sets out our cost of revenues for the periods indicated.

|                                                                                        |     | Years ended March 31, |     |       |     |            |     |       |
|                                                                                        |     |                  2024 |     |       |     |       2025 |     |       |
|                                                                                        |     |                   HKD |     |     % |     |        HKD |     |     % |
| Cost of floral and non-floral merchandise sold from inventory or through third parties |     |            33,698,411 |     |  66.6 |     | 41,356,158 |     |  68.7 |
| Bouquet fulfillment costs                                                              |     |             9,424,677 |     |  18.6 |     |  9,010,512 |     |  15.0 |
| Cost associated with wrapping and packaging                                            |     |             7,476,190 |     |  14.8 |     |  9,809,783 |     |  16.3 |
| Total cost of revenues                                                                 |     |            50,599,278 |     | 100.0 |     | 60,176,453 |     | 100.0 |

Our cost of revenues increased by approximately HK$9.6 million, or 18.9% in FY2025 as compared with FY2024. The increase in cost of revenues was mainly due to (i) growth aligned with overall increase in revenue; and (ii) elevated costs resulting from supplier price adjustments during FY2025.