v3.25.4
DISAGGREGATED REVENUE
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
North Water Investment Group Holdings Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
DISAGGREGATED REVENUE  

11. DISAGGREGATED REVENUE

   2023   2024 
  

For the years ended

December 31,

 
   2023   2024 
   HK$   HK$ 
         
Revenue from contracts with customers within the scope of ASC Topic 606          
Advisory and consultancy income – Over time   -    330,000 
Advisory and consultancy income – Point in time   -    4,977,675 
Advisory and consultancy income   -    5,307,675 
Commission and brokerage income – Point in time   106,663    648,415 
Handling fee income – Point in time   3,716    8,149 
           
Revenue from other sources          
Administration fee income– Over time   58,747    10,267 
Interest income from clients– Over time   1,158    4,455 
Total revenues   170,284    5,978,961 

 

* Commission and brokerage income includes (i) commission earned from executed securities transactions and (ii) retrocession fees income received from counterparties under distribution or referral arrangements.

 

 

NORTH WATER INVESTMENT GROUP HOLDINGS LIMITED AND ITS SUBSIDIARY

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

for the years ended December 31, 2023 and 2024

 
Mango Financial Group Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
DISAGGREGATED REVENUE

 

14. DISAGGREGATED REVENUE

 

   HK$   HK$ 
   For the six months ended June 30, 
   2024   2025 
   HK$   HK$ 
   (Unaudited)   (Unaudited) 
         
Revenue from contracts with customers within the scope of ASC Topic 606          
Advisory and consultancy income – Over time   150,000    829,525 
Advisory and consultancy income – Point in time   4,900,000    7,499,090 
Advisory and consultancy income   5,050,000    8,328,615 
Commission and brokerage income – Point in time*   145,786    82,507 
Handling fee income – Point in time   2,935    4,461 
           
Revenue from other sources          
Administration fee income – Over time   7,212    449 
Interest income from clients – Over time   2,152    2,610 
Total revenues   5,208,085    8,418,642 

 

*Commission and brokerage income includes (i) commission earned from executed securities transactions and (ii) retrocession fees income received from counterparties under distribution or referral arrangements.

 

 

MANGO FINANCIAL GROUP LIMITED

 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 (UNAUDITED)