Joy Spreader 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	210.3	212.88	325.97	533.94	619.04	1,210
Short-Term Investments	-	17.53	-	38.98	-	-
Trading Asset Securities	-	-	1.99	3.08	5.38	-
Cash & Short-Term Investments	210.3	230.4	327.96	576.01	624.42	1,210
Cash Growth	-23.47%	-29.75%	-43.06%	-7.75%	-48.41%	724.63%
Accounts Receivable	50.79	60.29	224.64	274.17	435.12	320.87
Other Receivables	2.69	65.14	57.43	31.86	11.25	8.81
Receivables	53.48	125.43	286.59	332.33	464.72	367.11
Inventory	-	-	108.68	40.25	-	-
Prepaid Expenses	-	1.13	5.06	-	-	-
Other Current Assets	292.61	370.43	979.62	1,427	1,216	613.51
Total Current Assets	556.39	727.39	1,708	2,375	2,305	2,191
Property, Plant & Equipment	39.19	42.61	95.1	107.9	63.33	38.91
Long-Term Investments	50.4	49.27	56.95	68.77	75.91	37.86
Other Intangible Assets	0.6	0.79	2.22	3.83	8.67	8.72
Long-Term Accounts Receivable	-	-	1.4	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	4.79	1.3
Other Long-Term Assets	1.68	2.16	5.19	242.59	2.93	2.79
Total Assets	648.26	822.23	1,869	2,798	2,460	2,281
Accounts Payable	215.78	297.45	173.03	251.23	67.25	11.75
Accrued Expenses	16.61	11.78	13.05	13.94	13.15	27.57
Current Portion of Leases	6.83	9.66	14.67	13.3	14.4	6.15
Current Income Taxes Payable	0.99	0.97	1	0.9	0.99	0.99
Current Unearned Revenue	-	-	-	1.21	-	-
Other Current Liabilities	59.02	70.71	18.49	29.16	42.54	59.78
Total Current Liabilities	299.21	390.57	220.24	309.74	138.32	106.23
Long-Term Leases	4.92	12.5	26.69	29.78	2.78	14.89
Long-Term Deferred Tax Liabilities	-	-	0.13	1.85	0.95	0.57
Other Long-Term Liabilities	-	-	45.63	42.68	-	-
Total Liabilities	304.14	403.07	292.69	384.04	142.05	121.69
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	2,268	2,268	2,268	2,268	1,745	1,745
Retained Earnings	-1,718	-1,633	-564.36	219.81	559.26	314.62
Treasury Stock	-	-	-	-6.96	-150	-
Comprehensive Income & Other	-116.58	-132.47	-104.25	-66.85	163.83	99.2
Total Common Equity	432.97	502.65	1,599	2,414	2,318	2,159
Minority Interest	-88.84	-83.49	-23.26	0.33	-	-
Shareholders' Equity	344.13	419.16	1,576	2,414	2,318	2,159
Total Liabilities & Equity	648.26	822.23	1,869	2,798	2,460	2,281
Total Debt	11.75	22.17	41.36	43.08	17.18	21.04
Net Cash (Debt)	198.56	208.24	286.61	532.93	607.24	1,189
Net Cash Growth	-19.80%	-27.34%	-46.22%	-12.24%	-48.95%	786.07%
Net Cash Per Share	0.08	0.09	0.12	0.24	0.28	0.67
Filing Date Shares Outstanding	2,372	2,372	2,372	2,369	2,143	2,185
Total Common Shares Outstanding	2,372	2,372	2,372	2,369	2,143	2,185
Working Capital	257.18	336.82	1,488	2,065	2,166	2,085
Book Value Per Share	0.18	0.21	0.67	1.02	1.08	0.99
Tangible Book Value	432.37	501.86	1,597	2,410	2,310	2,150
Tangible Book Value Per Share	0.18	0.21	0.67	1.02	1.08	0.98
Machinery	-	77.25	78.82	70.24	55.2	20.32
Leasehold Improvements	-	23.92	24.45	19.6	6.87	3.12

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