SEGMENT INFORMATION (Tables)
|
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] |
|
|
| SCHEDULE OF SEGMENT’S MEASURE OF PROFIT OR LOSS |
|
The
CODM regularly receives and reviews the following expense categories, which are included in the segment’s measure of profit or
loss.
SCHEDULE
OF SEGMENT’S MEASURE OF PROFIT OR LOSS
| | |
2023 | | |
2024 | | |
2024 | |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| | |
| | |
| | |
| |
| Revenues | |
| 170,284 | | |
| 5,978,961 | | |
| 773,125 | |
| | |
| | | |
| | | |
| | |
| Allowance for credit losses | |
| - | | |
| (67,263 | ) | |
| (8,698 | ) |
| Employee compensation and benefits | |
| (1,173,400 | ) | |
| (1,404,059 | ) | |
| (181,555 | ) |
| Other general and administrative expenses | |
| (824,616 | ) | |
| (1,465,993 | ) | |
| (189,564 | ) |
| | |
| | | |
| | | |
| | |
| Other segment income, net | |
| 752,933 | | |
| 305,629 | | |
| 39,520 | |
| | |
| | | |
| | | |
| | |
| Income tax expense | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Net (loss) income | |
| (1,074,799 | ) | |
| 3,347,275 | | |
| 432,828 | |
|
| SCHEDULE OF REVENUES BY GEOGRAPHICAL AREAS |
|
The
following table presents revenues by geographic area based on the location where services are provided:
SCHEDULE OF REVENUES BY GEOGRAPHICAL AREAS
| | |
2023 | | |
2024 | | |
2024 | |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| | |
| | |
| | |
| |
| Hong Kong | |
| 170,284 | | |
| 5,978,961 | | |
| 773,125 | |
| Total revenues | |
| 170,284 | | |
| 5,978,961 | | |
| 773,125 | |
|
| Mango Financial Group Limited [Member] |
|
|
| Restructuring Cost and Reserve [Line Items] |
|
|
| SCHEDULE OF SEGMENT’S MEASURE OF PROFIT OR LOSS |
The
CODM regularly receives and reviews the following expense categories, which are included in the segment’s measure of profit or
loss.
Other
segment income primarily comprises interest income and miscellaneous gains or losses.
SCHEDULE
OF SEGMENT’S MEASURE OF PROFIT OR LOSS
| | |
2024 | | |
2025 | | |
2025 | |
| | |
For the six months ended June 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
| | |
| | |
| | |
| |
| Revenues | |
| 5,208,085 | | |
| 8,418,642 | | |
| 1,076,552 | |
| | |
| | | |
| | | |
| | |
| Allowance for credit losses | |
| - | | |
| - | | |
| - | |
| Employee compensation and benefits | |
| (563,100 | ) | |
| (1,592,338 | ) | |
| (203,624 | ) |
| Information costs | |
| (203,728 | ) | |
| (142,894 | ) | |
| (18,273 | ) |
| Introduction fees | |
| - | | |
| (761,556 | ) | |
| (97,385 | ) |
| Lease expenses | |
| - | | |
| (995,834 | ) | |
| (127,345 | ) |
| Legal and professional fees | |
| (25,000 | ) | |
| (580,772 | ) | |
| (74,268 | ) |
| Rates and building management fees | |
| (29,266 | ) | |
| (243,796 | ) | |
| (31,176 | ) |
| Other general and administrative expenses | |
| (83,331 | ) | |
| (281,557 | ) | |
| (36,004 | ) |
| | |
| | | |
| | | |
| | |
| Other segment income, net | |
| 204,228 | | |
| 72,915 | | |
| 9,323 | |
| | |
| | | |
| | | |
| | |
| Income tax expense | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Net income | |
| 4,507,888 | | |
| 3,892,810 | | |
| 497,800 | |
|
|
| SCHEDULE OF REVENUES BY GEOGRAPHICAL AREAS |
The
following table presents revenues by geographic area based on the location where services are provided:
SCHEDULE
OF REVENUES BY GEOGRAPHICAL AREAS
| | |
2024 | | |
2025 | | |
2025 | |
| | |
For the six months ended June 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
| | |
| | | |
| | | |
| | |
| Hong Kong | |
| 5,208,085 | | |
| 8,418,642 | | |
| 1,076,552 | |
|
|