v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

 

3. SEGMENT INFORMATION

 

The Company has three reportable segments: securities related services, asset management services and money lending services. Segments were identified based on the Company’s internal reporting and how the chief operating decision maker (“CODM”) assesses the performance of the business. The CODM of the Company is the Chief Executive Officer. The securities related services segment generated commission by offering securities dealing and brokerage services, securities underwriting and placing services and other financing services. The asset management services segment generated asset management fee by providing asset management services and investment advisory services. Money lending services generated interest income by lending money to corporation and individuals. All assets of the Company are located in Hong Kong and all revenues are generated in Hong Kong.

 

Key financial performance measures of the segments are as follows:

 

Year ended December 31, 2023

  

  

Securities

related

services

segment

  

Asset

management

services

segment

   Corporate   Total 
   HKD’000   HKD’000   HKD’000   HKD’000 
                 
Revenues:                    
Revenues – excluding interest income   12,011    3,947    -    15,958 
Revenues – interest income   5,981    -    -    5,981 
Total revenues   17,992    3,947    -    21,939 
                     
Expenses:                    
Compensation and benefits   -    -    (7,550)   (7,550)
Commission expense   (42)   (1,995)   -    (2,037)
Advertising and marketing   -    -    (2,254)   (2,254)
Lease expense   -    -    (1,261)   (1,261)
Legal and professional fee   (1,703)   (413)   (240)   (2,356)
Provision for allowance of expected credit losses on loans to customers   (10,944)   -    -    (10,944)
Other general and administrative   (2,439)   (291)   (86)   (2,816)
Total expenses   (15,128)   (2,699)   (11,391)   (29,218)
                     
Other income – interest income   164    4    -    168 
Other income   39    -    -    39 
Total other income   203    4    -    207 
                     
Income (loss) before income taxes   3,067    1,252    (11,391)   (7,072)
                     
Total assets   92,313    8,604    5,727    106,644 
Total liabilities   (41,654)   (1,993)   (2,255)   (45,902)
                     
Net assets   50,659    6,611    3,472    60,742 

 

 

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Year ended December 31, 2024

 

  

Securities

related

services

segment

  

Asset

management

services

segment

   Corporate   Total   Total 
   HKD’000   HKD’000   HKD’000   HKD’000   US$’000 
Revenues:                         
Revenues – excluding interest income   2,494    4,195    -    6,689    861 
Revenues – interest income   3,059    -    -    3,059    394 
Total revenues   5,553    4,195    -    9,748    1,255 
                          
Expenses:                         
Compensation and benefits   -    -    (8,633)   (8,633)   (1,111)
Commission expense   (36)   (2,502)   -    (2,538)   (327)
Advertising and marketing   -    -    (608)   (608)   (78)
Lease expense   -    -    (1,250)   (1,250)   (161)
Legal and professional fee   (1,610)   (152)   (315)   (2,077)   (267)
Reversal of (provision for) allowance of expected credit losses on loans to customers   1,427    (24)   -    1,403    181 
Other general and administrative   (2,938)   (282)   (57)   (3,277)   (422)
Total expenses   (3,157)   (2,960)   (10,863)   (16,980)   (2,185)
                          
Other income – interest income   475    18    -    493    63 
Other income   103    -    -    103    13 
Total other income   578    18    -    596    76 
                          
Income (loss) before income taxes   2,974    1,253    (10,863)   (6,636)   (854)
                          
Total assets   54,106    8,308    9,315    71,729    9,232 
Total liabilities   (12,259)   (2,125)   (2,126)   (16,510)   (2,124)
                          
Net assets   41,847    6,183    7,189    55,219    7,108 

 

 

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Year ended December 31, 2025

 

  

Securities

related

services

segment

  

Asset

management

services

segment

   Money lending segment   Corporate   Total   Total 
  

Securities

related

services

segment

  

Asset

management

services

segment

  

Money

lending

segment

   Corporate   Total   Total 
   HKD’000   HKD’000   HKD’000   HKD’000   HKD’000   US$’000 
Revenues:                              
Revenues – excluding interest income   2,495    3,735    -    -    6,230    800 
Revenues – interest income   1,475    -    2,734    -    4,209    541 
Total revenues   3,970    3,735    2,734    -    10,439    1,341 
                               
Expenses:                              
Compensation and benefits   -    -    -    (12,575)   (12,575)   (1,616)
Commission expense   (133)   (2,176)   -    -    (2,309)   (297)
Advertising and marketing   -    -    -    (3,912)   (3,912)   (503)
Lease expense   -    -         (1,204)   (1,204)   (155)
Legal and professional fee   (1,057)   (727)   (1,877)   (12,691)   (16,352)   (2,101)
Provision for allowance of expected credit losses on loans to customers   (1,881)   -    -    -   (1,881)   (242)
Other general and administrative   (3,527)   (1,766)   (195)   (30)   (5,518)   (709)
Total expenses   (6,598)   (4,669)   (2,072)   (30,412)   (43,751)   (5,623)
                               
Impairment of investment under equity method   -    -    -    (3,900)   (3,900)   (501)
Share of losses of associate   -    -    -    (43)   (43)   (6)
                               
Other income – interest income   262    79    -    648    989    127 
Other income   -    -    -    -    -    - 
Total other income   262    79    -    648    989    127 
                               
Income (loss) before income taxes   (2,366)   (855)   662    (33,707)   (36,266)   (4,662)
                               
Total assets   40,423    7,016    50,363    21,450    119,252    15,322 
Total liabilities   (23,137)   (1,647)   (7)   (7,419)   (32,210)   (4,138)
                               
Net assets   17,286    5,369    50,356    14,031    87,042    11,184 

 

  

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS