Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 88

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 88
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 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 |     |    3,415,222 |     |  6,858,173 |   |     |  200.8 |   |
| Operating expenses                                  |     |      235,082 |     |    1,833,642 |     |    2,597,901 |     |   (764,259 | ) |