Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 152

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 152
---
      -30                (39,439,628      (5,024,220      -144  
  Income (Loss) from operations                                                                        7,024,481       23                (27,758,397      (3,536,146      -101  
  Interest income                                                                                        221,723        1                    757,385          96,483         3  
  Interest expense                                                                                       (34,674        0                    (59,771          (7,614         0  
  Other income                                                                                            77,762        0                     27,658           3,523         0  
  Income (Loss) before income tax                                                                      7,289,292       24                (27,033,125      (3,443,754       -99  
  Income tax expense                                                                                  (1,783,803       -6                   (535,588         (68,229        -2  
  Net income (loss)                                                $                                   5,505,489       18      $         (27,568,713      (3,511,983      -101  

Revenues

For the years ended June
30, 2025 and 2024, 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, 2025 and 2024:

                                          For the years ended June 30                                                             
                                                                 2024             2025                                            
  Revenues                                                        HKD              HKD                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Hong Kong                                                  $657,460         $914,812        116,538         257,352         39  
  Macau                                                       103,844           77,492          9,872         (26,352        -25  
  PRC                                                       7,193,462        4,949,002        630,454      (2,244,460        -31  
  Taiwan                                                    4,164,541        2,873,311        366,032      (1,291,230        -31  
  Japan                                                         7,766          103,171         13,143          95,405      1,