Churchill China Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10.81	10.1	13.93	9.6	15.05
Short-Term Investments	-	-	-	5.06	4.01
Cash & Short-Term Investments	10.81	10.1	13.93	14.66	19.05
Cash Growth	7.01%	-27.51%	-4.97%	-23.04%	36.12%
Accounts Receivable	13.45	11.29	10.49	12.63	10.08
Other Receivables	-	-	-	0.59	0.23
Receivables	13.45	11.29	10.49	13.22	10.31
Inventory	21.33	23.32	21.9	15.89	10.49
Prepaid Expenses	-	0.9	0.54	1.16	0.57
Total Current Assets	45.58	45.61	46.87	44.93	40.41
Property, Plant & Equipment	26.47	24.58	25.09	23.04	21.02
Other Intangible Assets	0.45	0.62	0.66	0.85	1.02
Long-Term Deferred Tax Assets	0.18	0.13	0.08	0.13	1.84
Other Long-Term Assets	7.65	8.18	7.86	6.92	-
Total Assets	80.33	79.11	80.55	75.87	64.3
Accounts Payable	10.5	2.61	2.66	4.42	4.01
Accrued Expenses	-	7.75	10.69	9.62	8.06
Current Portion of Leases	-	0.37	0.34	0.25	0.19
Current Income Taxes Payable	-	0.78	0.67	-	-
Total Current Liabilities	10.5	11.51	14.36	14.29	12.27
Long-Term Leases	2.48	0.55	0.68	0.48	0.22
Pension & Post-Retirement Benefits	-	-	-	-	7.16
Long-Term Deferred Tax Liabilities	5.82	5.79	5.58	4.46	1.98
Total Liabilities	18.79	17.85	20.61	19.23	21.62
Common Stock	1.1	1.1	1.1	1.1	1.1
Additional Paid-In Capital	2.35	2.35	2.35	2.35	2.35
Retained Earnings	57.32	57.08	55.56	52.28	38.12
Treasury Stock	-0.43	-0.43	-0.43	-0.43	-0.08
Comprehensive Income & Other	1.2	1.16	1.36	1.34	1.2
Shareholders' Equity	61.54	61.26	59.94	56.65	42.68
Total Liabilities & Equity	80.33	79.11	80.55	75.87	64.3
Total Debt	2.48	0.92	1.01	0.73	0.41
Net Cash (Debt)	8.33	9.18	12.92	13.93	18.64
Net Cash Growth	-9.27%	-28.93%	-7.26%	-25.27%	37.45%
Net Cash Per Share	0.76	0.83	1.17	1.27	1.69
Filing Date Shares Outstanding	10.97	11	11	11	11.02
Total Common Shares Outstanding	10.97	11	11	11	11.02
Working Capital	35.09	34.1	32.51	30.64	28.15
Book Value Per Share	5.61	5.57	5.45	5.15	3.87
Tangible Book Value	61.09	60.65	59.28	55.8	41.66
Tangible Book Value Per Share	5.57	5.51	5.39	5.07	3.78
Land	-	19.26	17.82	17.96	17.54
Machinery	-	49.09	48.98	44.48	40.25
Construction In Progress	-	2.29	1.24	0.97	0.97

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.