Global Corn Group Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2.6	5.1	13.55	4.28	7.83	21.28
Short-Term Investments	5.56	7.12	2.31	7.76	0.94	1.01
Cash & Short-Term Investments	8.16	12.22	15.87	12.03	8.77	22.29
Cash Growth	-3.05%	-23.00%	31.88%	37.17%	-60.65%	-40.66%
Accounts Receivable	78.09	70.44	67.95	48.96	99.67	96.05
Other Receivables	1.51	1.43	1.83	11.8	48.22	424.37
Receivables	79.6	71.87	69.79	60.76	147.89	520.42
Inventory	42.14	34.22	34.15	42.43	65.61	61.6
Prepaid Expenses	20.09	16.1	6.01	7.02	4.46	7.5
Other Current Assets	-	-	96.7	-	28.81	-
Total Current Assets	149.99	134.41	222.52	122.25	255.53	611.81
Property, Plant & Equipment	423.56	432.73	351.14	563.16	677.84	691
Other Intangible Assets	1.7	1.7	1.7	1.7	1.7	1.7
Other Long-Term Assets	-	-	-	-	-	0.02
Total Assets	575.25	568.84	575.36	687.11	935.08	1,305
Accounts Payable	123.65	134.31	138.05	85.88	113.8	344
Accrued Expenses	211.69	181.14	277.62	371.43	294.94	289.64
Short-Term Debt	318.05	299.46	440.91	829.47	357.94	450.71
Current Portion of Long-Term Debt	-	-	-	-	569.6	360.33
Current Portion of Leases	0.12	0.12	0.17	0.95	0.95	1.09
Current Income Taxes Payable	0.25	0.25	0.25	23.42	25.12	24.43
Current Unearned Revenue	16.98	15.19	45.73	15.64	16.17	23.27
Other Current Liabilities	188.75	156.29	54.13	2.24	2.57	3.42
Total Current Liabilities	859.48	786.77	956.86	1,329	1,381	1,497
Long-Term Debt	-	-	-	-	-	184.52
Long-Term Leases	0.1	0.16	-	0.17	1.12	-
Long-Term Unearned Revenue	0.09	0.17	0.35	21.51	25.48	27.2
Long-Term Deferred Tax Liabilities	-	-	-	17.36	27.98	20.76
Total Liabilities	859.66	787.09	957.21	1,368	1,436	1,729
Common Stock	193.14	189.04	152.76	152.76	152.76	152.76
Additional Paid-In Capital	1,075	1,075	1,075	1,075	1,075	1,075
Retained Earnings	-2,030	-1,966	-2,033	-2,368	-2,155	-2,059
Comprehensive Income & Other	477.35	484.32	429.55	465.12	433.47	412.77
Total Common Equity	-284.42	-218.25	-375.92	-675.04	-494.19	-418.63
Minority Interest	-	-	-5.93	-5.93	-6.38	-6.23
Shareholders' Equity	-284.42	-218.25	-381.86	-680.97	-500.58	-424.86
Total Liabilities & Equity	575.25	568.84	575.36	687.11	935.08	1,305
Total Debt	318.27	299.74	441.08	830.59	929.61	996.66
Net Cash (Debt)	-310.11	-287.52	-425.22	-818.56	-920.84	-974.37
Net Cash Per Share	-0.16	-0.13	-0.28	-0.54	-0.60	-0.64
Filing Date Shares Outstanding	1,931	1,890	1,528	1,528	1,528	1,528
Total Common Shares Outstanding	1,931	1,890	1,528	1,528	1,528	1,528
Working Capital	-709.5	-652.36	-734.35	-1,207	-1,126	-885.09
Book Value Per Share	-0.15	-0.12	-0.25	-0.44	-0.32	-0.27
Tangible Book Value	-286.12	-219.96	-377.63	-676.74	-495.9	-420.34
Tangible Book Value Per Share	-0.15	-0.12	-0.25	-0.44	-0.32	-0.28
Buildings	-	243.46	259.88	379	404.61	419.73
Machinery	-	378.61	438.25	1,195	1,326	1,282
Construction In Progress	-	74.74	34.27	38	40.84	39.51
Leasehold Improvements	-	21.93	23.31	27.24	30.03	29.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.