Exhibit 99.1
CLICK HOLDINGS LIMITED AND SUBSIDIARIES
INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2025 | F-2 | |
| Unaudited Condensed Consolidated Statements of Operations for the Six Months Ended December 31, 2024 and 2025 | F-3 |
| F-1 |
CLICK HOLDINGS LIMITED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2025 | December 31, 2025 | December 31, 2025 | ||||||||||
| HKD | HKD | US$ | ||||||||||
| (Audited) | (Unaudited) | (Unaudited) | ||||||||||
| Assets: | ||||||||||||
| Current assets | ||||||||||||
| Cash and cash equivalents | 10,550,555 | 10,154,559 | 1,301,867 | |||||||||
| Accounts receivable, net | 18,247,872 | 24,398,604 | 3,128,026 | |||||||||
| Prepaid expenses and other current assets | 3,245,314 | 5,760,962 | 738,585 | |||||||||
| Income tax receivable | 326,500 | — | — | |||||||||
| Total current assets | 32,370,241 | 40,314,125 | 5,168,478 | |||||||||
| Property and equipment, net | 917,802 | 880,575 | 112,894 | |||||||||
| Right-of-use assets, net | 5,861,057 | 4,928,608 | 631,873 | |||||||||
| Goodwill | 69,517,007 | 131,483,596 | 16,856,871 | |||||||||
| Intangible assets, net | 31,081,283 | 65,543,422 | 8,403,003 | |||||||||
| Financial asset – contingent consideration asset | 1,680,000 | 5,710,000 | 732,051 | |||||||||
| Total non-current assets | 109,057,149 | 208,546,201 | 26,736,692 | |||||||||
| Total assets | 141,427,390 | 248,860,326 | 31,905,170 | |||||||||
| Liabilities and Shareholders’ equity: | ||||||||||||
| Liabilities: | ||||||||||||
| Current liabilities | ||||||||||||
| Accounts payable | 3,854,800 | 4,752,029 | 609,234 | |||||||||
| Accrued expenses and other current liabilities | 5,196,071 | 5,468,587 | 701,102 | |||||||||
| Short-term lease liabilities | 1,882,220 | 1,917,187 | 245,793 | |||||||||
| Income tax payable | — | 221,843 | 28,441 | |||||||||
| Total current liabilities | 10,933,091 | 12,359,646 | 1,584,570 | |||||||||
| Long-term lease liabilities | 3,978,837 | 3,011,421 | 386,080 | |||||||||
| Deferred tax liabilities | 5,128,412 | 10,715,665 | 1,373,803 | |||||||||
| Total non-current liabilities | 9,107,249 | 13,727,086 | 1,759,883 | |||||||||
| Total liabilities | 20,040,340 | 26,086,732 | 3,344,453 | |||||||||
| Commitment and contingencies | — | — | — | |||||||||
| Shareholders’ equity: | ||||||||||||
| Ordinary shares, without par value, 500,000,000 shares authorized, 1,145,401 shares and 3,263,033 shares issued and outstanding as of June 30, 2025 and December 31, 2025, respectively* | 105,823,675 | 204,546,467 | 26,223,906 | |||||||||
| Accumulated deficit | (4,164,717 | ) | (1,538,663 | ) | (197,265 | ) | ||||||
| Total equity attributable to equity holders of the Company | 101,658,958 | 203,007,804 | 26,026,641 | |||||||||
| Non-controlling interests | 19,728,092 | 19,765,790 | 2,534,076 | |||||||||
| Total shareholders’ equity | 121,387,050 | 222,773,594 | 28,560,717 | |||||||||
| Total liabilities and shareholders’ equity | 141,427,390 | 248,860,326 | 31,905,170 | |||||||||
| * | Gives retroactive effect to reflect the 1-for-30 share consolidation of the ordinary shares on October 7, 2025. |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
| F-2 |
CLICK HOLDINGS LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Six months ended December 31, | ||||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| HKD | HKD | US$ | ||||||||||
| Revenue | 37,533,266 | 59,004,370 | 7,564,663 | |||||||||
| Cost of revenue | 30,251,120 | 46,507,846 | 5,962,544 | |||||||||
| Gross profit | 7,282,146 | 12,496,524 | 1,602,119 | |||||||||
| Operating expenses: | ||||||||||||
| General and administrative | 3,809,507 | 9,085,593 | 1,164,821 | |||||||||
| Selling and marketing | 164,884 | 740,220 | 94,900 | |||||||||
| Total operating expenses | 3,974,391 | 9,825,813 | 1,259,721 | |||||||||
| Income from operations | 3,307,755 | 2,670,711 | 342,398 | |||||||||
| Other income (expense): | ||||||||||||
| Government subsidies | 10,132 | — | — | |||||||||
| Interest income | 11,900 | 3,681 | 472 | |||||||||
| Interest expense | (90,819 | ) | (100,913 | ) | (12,938 | ) | ||||||
| Other miscellaneous income | 1,003,482 | 155,608 | 19,950 | |||||||||
| Total other income | 924,563 | 58,376 | 7,484 | |||||||||
| Income before provision for income taxes | 4,232,318 | 2,729,087 | 349,882 | |||||||||
| Income tax expense | (582,201 | ) | (65,335 | ) | (8,376 | ) | ||||||
| Net income | 3,650,117 | 2,663,752 | 341,506 | |||||||||
| Less: net income attributable to non-controlling interests | — | (37,698 | ) | (4,833 | ) | |||||||
Net income attributable to equity holders of the Company | 3,650,117 | 2,626,054 | 336,673 | |||||||||
| Basic and diluted earnings per ordinary share* | 7.74 | 1.55 | 0.20 | |||||||||
| Weighted average number of ordinary shares outstanding – basic and diluted* | 471,304 | 1,697,846 | 1,697,846 | |||||||||
| * | The weighted average number of ordinary shares for the purpose of basic earnings per ordinary share has been adjusted for the 1-for-30 share consolidation of the ordinary shares on October 7, 2025. |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
| F-3 |