Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 216

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 216
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. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Adoption of this ASU can either be applied prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in the required additional disclosures being included in our interim combined financial statements, once adopted. The Group is reviewing the impact of these accounting pronouncements but does not currently expect the adoption of these to have a material impact on its interim combined financial statements. F-28

BILLION GROUP HOLDINGS LIMITED
NOTES TO INTERIM COMBINED FINANCIAL STATEMENTS (Unaudited) 2. REVENUES Revenues represent the invoiced sales of products to customers.

|                                               |     | Six Months 
      Ended 
   June 30, 
       2025 |     | Six Months 
      Ended 
   June 30, 
       2025 |     | Six Months 
      Ended 
   June 30, 
       2024 |
|:----------------------------------------------|:----|-----------:|:----|-----------:|:----|-----------:|
|                                               |     |        US$ |     |        HK$ |     |        HK$ |
| Revenues                                      |     |            |     |            |     |            |
| Sales of goods, recognized at a point in time |     |  3,573,068 |     | 27,869,930 |     | 13,141,913 |

All revenue is derived in Hong Kong. A concentration analysis of the revenue is as follows:

|            |     | Six Months 
      Ended 
   June 30, 
       2025 |   |     | Six Months 
      Ended 
   June 30, 
       2024 |   |
|:-----------|:----|-----------:|:--|:----|-----------:|:--|
| Customer A |     |         21 | % |     |         22 | % |
| Customer B |     |          — |   |     |          1 | % |
| Customer C |     |          6 | % |     |          — |   |
| Customer D |     |         14 | % |     |          — |   |
| Customer E |