Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 142

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 142
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,723          28,396        1  
  Interest expense                                                                                      (123,269        0                    (34,674          (4,441        0  
  Other income                                                                                           402,967        1                     77,762           9,959        0  
  Income before income tax                                                                            10,816,343       34                  7,289,292         933,531       24  
  Income tax expense                                                                                  (1,805,663       -6                 (1,783,803        (228,450       -6  
  Net income                                                       $                                   9,010,680       29      $           5,505,489         705,081       18  

Revenues

For the years ended June
30, 2024 and 2023, the Group generated its revenues through two revenue streams by the Group’s wholly-owned subsidiaries: employment
services and payroll outsourcing services.

The following table presented
the Group’s revenues disaggregated by service line and geographic location of the employees of our customers for the years ended
June 30, 2024 and 2023:

                                          For the years ended June 30                                                            
                                                                 2023             2024                                           
  Revenues                                                        HKD              HKD                                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hong Kong                                                  $602,599         $657,460         84,200          54,861         9  
  Macau                                                       277,889          103,844         13,299        (174,045       -63  
  PRC                                                      10,550,194        7,193,462        921,258      (3,356,732       -32  
  Taiwan                                                    1,703,697        4,164,541        533,348       2,460,844       144  
  Japan                                                       699,535            7,766            995        (691,769       -99  
  Australia                                                   132,354           43,757          5,604         (88,597       -67  
  Thailand                                                     40,738          112,902         14,459          72,164       177  
  Malaysia                                                     37,928                -              -         (37,928      -100  
  Vietnam                                                      60,