LOANS TO CUSTOMERS, NET

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

LOANS TO CUSTOMERS, NET

9.	LOANS TO CUSTOMERS, NET

SCHEDULE OF LOANS TO CUSTOMERS


		As of December 31,
		2024				2025				2025
		HKD’000				HKD’000				US$’000

Margin loans			25,418				16,082				2,066
Loans to customer from money lending business (note)			-				50,309				6,464
Less: allowance for expected credit losses			(9,517	)			(6,033	)			(775	)
Total			15,901				60,358				7,755

Note:

As December 31, 2025, included in the loans to customer from money lending business, amount of HKD10,000,000 are loan to a related party of Choco Up Group Holdings Limited at 8% per annum for one year. On July 9, 2025, the Company entered into a definitive Agreement and Plan of Merger with Choco Up Group Holdings Limited for proposed business combination.

The movement of the allowance for expected credit losses was as follows:


		As of December 31,
		2024				2025				2025
		HKD’000				HKD’000				US$’000

Balance at the beginning of year			10,944				9,517				1,223
(Credited) charged to consolidated statements of loss and comprehensive loss, net			(1,427	)			1,881				242
Written off			-				(5,365	)			(690	)
Balance at the end of the year			9,517				6,033				775

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS