Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 90

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 90
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31, 2024 and 2023 and is subject to income taxes in Hong Kong. As at December 31, 2024, current tax liabilities of the operating entity were HK$975,000. The operating entity had no income tax payable as at December 31, 2023 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. 48

COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

|                                                     |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2024 |     |   Year Ended 
 December 31, 
         2023 |     |   Variance |   |     |        |   |
|:----------------------------------------------------|:----|-------------:|:----|-------------:|:----|-------------:|:----|-----------:|:--|:----|-------:|:--|
|                                                     |     |          US$ |     |          HK$ |     |          HK$ |     |        HK$ |   |     |      % |   |
| Revenues                                            |     |    6,773,938 |     |   52,836,714 |     |   20,811,124 |     | 32,025,590 |   |     |  153.9 |   |
| Cost of revenues – third parties                    |     |    5,456,836 |     |   42,563,319 |     |   16,550,256 |     | 26,013,063 |   |     |  157.2 |   |
| Cost of revenues – related party                    |     |            — |     |            — |     |      845,646 |     |   (845,646 | ) |     | (100.0 | ) |
| Total cost of revenues                              |     |    5,456,836 |     |   42,563,319 |     |   17,395,902 |     | 25,167,417 |   |     |  144.7 |   |
| Gross profit                                        |     |    1,317,102 |     |   10,273,395 |     |    3