Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 107

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 107
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 second half year of 2024. The Group no longer provided such administrative services during the six months ended June 30, 2025. Finance costs Finance costs solely represented interest expense on operating lease liabilities. For the six months ended June 30, 2025, finance costs of the Group were HK$10,387. There were no finance costs incurred for the six months ended June 30, 2024 as the related operating leases commenced in 2025. Income Taxes Harmony Alliance incorporated in the British Virgin Islands is not subject to taxation. The result of operation of the operating entity is subject to income taxes in Hong Kong. For the six months ended June 30, 2025, income taxes of the operating entity were HK$689,000. The operating entity had no income tax expenses for the six months ended June 30, 2024 as all taxable income was being netted off by available tax losses accumulated from prior years. However, all available deductible temporary differences were fully utilized during the year ended December 31, 2024. Net Income For the six months ended June 30, 2025, net income of the Group was HK$4,480,119, as compared to that of HK$73,526 for the six months ended June 30, 2024. The increase in net income was the result of the increase in revenues, cost of revenues, operating expenses, administrative expenses, finance costs and income tax expenses; and the decrease in other income. Liquidity and Capital Resources INTERIM COMBINED STATEMENTS OF CASH FLOWS (Unaudited)

|                                                |     | Six Months 
      Ended 
   June 30, 
       2025 |   |     |  Six Months 
       Ended 
    June 30, 
        2025 |   |     |  Six Months 
       Ended 
    June 30, 
        2024 |   |
|:-----------------------------------------------|:----|-----------:|:--|:----|------------:|:--|:----|------------:|:--|
|                                                |     |        US$ |   |     |         HK$ |   |     |         HK$ |   |
| Cash flows from operating activities           |     |            |   |     |             |   |     |             |   |
| Net income                                     |     |    574,373 |   |     |   4,480,119 |   |     |