EX-99.1 2 ea024420601ex99-1_clickhold.htm CLICK HOLDINGS LIMITED REPORTS UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2024

Exhibit 99.1

 

CLICK HOLDINGS LIMITED AND SUBSIDIARIES

 

INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

Unaudited Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 F-2
   
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the Six Months Ended December 31, 2024 and 2023 F-3

 

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CLICK HOLDINGS LIMITED AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Expressed in U.S. dollars)

 

   December 31,
2024		   June 30,
2024		 
Assets:        
Current assets        
Cash and cash equivalents  $543,542   $221,047 
Accounts and other receivable, net   6,032,679    1,141,669 
Total current assets   6,576,221    1,362,716 
           
Property and equipment, net   90,237    73,641 
Right-of-use assets, net   56,848    113,697 
Deferred offering cost   —    728,725 
Total non-current assets   147,085    916,063 
           
Total assets  $6,723,306   $2,278,779 
           
Liabilities and Shareholders’ Equity:          
Liabilities:          
Current liabilities          
Accounts payable  $738,305   $111,778 
Accrued expenses and other current liabilities   182,159    75,897 
Advance from customers   50,000    — 
Short-term bank loans   397,436    448,718 
Short-term lease liabilities   58,001    114,842 
Income tax payable   34,374    144,983 
Total current liabilities   1,460,275    896,218 
           
Total liabilities   1,460,275    896,2178 
           
Commitment and contingencies   —    — 
           
Shareholders’ Equity:          
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 14,900,000 shares and 13,500,000 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively*   1,490    1,350 
Additional paid-in capital   4,306,670    897,405 
Accumulated other comprehensive income   3,714    613 
Retained earnings   951,157    483,193 
           
Total shareholders’ equity   5,263,031    1,382,561 
           
Total liabilities and shareholders’ equity  $6,723,306   $2,278,779 

 

* Gives retroactive effect to reflect the reorganization in August 2024.

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

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CLICK HOLDINGS LIMITED AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME
(Expressed in U.S. dollars)

 

   Six Months Ended
December 31,		 
   2024   2023 
Revenue  $4,811,957   $2,869,082 
Cost of revenue   3,878,349    1,943,596 
Gross profit   933,608    925,486 
           
Operating expenses:          
General and administrative   488,398    418,897 
Selling and marketing   21,139    9,474 
Total operating expenses   509,537    428,371 
           
Income from operations   424,071    497,115 
           
Other (expense) income:          
Government subsidies   —    10,132 
Interest income   1,526    255 
Interest expense   (11,643)   (11,992)
Other miscellaneous income   128,651    — 
Total other (expense), net   118,534    (1,605)
           
Income before provision for income taxes   542,605    495,510 
Income tax expense   (74,641)   (78,737)
Net income   467,964    416,773 
           
Other comprehensive income          
Foreign currency translation adjustment   3,101    996 
Total comprehensive income  $471,065   $417,769 
           
Basic and diluted earnings per ordinary share*  $0.03   $0.03 
           
Weighted average number of ordinary shares outstanding – basic and diluted*   14,139,130    13,100,000 

 

* Gives retroactive effect to reflect the reorganization in August 2024.

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

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