Fountain Set (Holdings) 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	889.37	914.5	1,005	1,148	767.13	1,026
Short-Term Investments	508.29	486.71	506.02	345.54	184.53	335.12
Cash & Short-Term Investments	1,398	1,401	1,511	1,493	951.66	1,361
Cash Growth	25.41%	-7.27%	1.21%	56.89%	-30.10%	35.07%
Accounts Receivable	806.54	802.07	808.09	928.72	1,270	1,027
Other Receivables	10.42	106.55	263.76	18.41	76.47	64.5
Receivables	816.96	908.62	1,072	947.13	1,347	1,092
Inventory	873.99	784.74	783.91	929.53	1,717	1,218
Other Current Assets	1.79	1.73	1.9	5.46	4.2	7.35
Total Current Assets	3,090	3,096	3,369	3,375	4,020	3,679
Property, Plant & Equipment	1,347	1,368	1,374	1,502	1,533	1,559
Long-Term Investments	26.5	26.02	24.92	23.77	23.6	22.79
Other Intangible Assets	28.24	29.77	-	3.02	6.03	9.05
Long-Term Deferred Tax Assets	37.59	38.23	41.97	53.03	65.91	71.06
Other Long-Term Assets	56.03	56.74	90.82	89.55	100	85.03
Total Assets	4,586	4,615	4,901	5,047	5,748	5,426
Accounts Payable	601.81	562.54	651.57	491.3	956.45	964.73
Accrued Expenses	91.08	113.21	180.41	243.55	184.27	197.02
Short-Term Debt	23.04	23.04	37.03	37.03	62.83	64.53
Current Portion of Long-Term Debt	25.04	48.8	108.47	200.73	327.34	229.61
Current Portion of Leases	26.82	22.35	26.24	26.77	24.64	31.4
Current Income Taxes Payable	18.01	18.75	21.63	22.63	32.25	17.49
Current Unearned Revenue	17.4	22.62	24.41	26.45	38.16	25.72
Other Current Liabilities	157.16	161.68	115.54	133.72	145.16	89.16
Total Current Liabilities	960.34	972.99	1,165	1,182	1,771	1,620
Long-Term Debt	-	-	91.09	235.51	-	7.14
Long-Term Leases	118.74	111.52	99.23	116.23	130.33	146.04
Long-Term Unearned Revenue	65.04	67.56	67.73	76.15	83.15	66.31
Long-Term Deferred Tax Liabilities	6.35	6.78	8.83	12.92	4.72	6.8
Total Liabilities	1,150	1,159	1,432	1,623	1,989	1,846
Common Stock	889.81	889.81	889.81	889.81	889.81	889.81
Retained Earnings	2,376	2,413	2,436	2,385	2,696	2,541
Comprehensive Income & Other	-57.41	-65.37	-57.1	-53.48	-25.84	-35.93
Total Common Equity	3,209	3,238	3,268	3,221	3,560	3,395
Minority Interest	226.22	218.18	200.32	202.7	198.86	185.22
Shareholders' Equity	3,435	3,456	3,469	3,424	3,759	3,580
Total Liabilities & Equity	4,586	4,615	4,901	5,047	5,748	5,426
Total Debt	193.63	205.71	362.06	616.28	545.15	478.71
Net Cash (Debt)	1,204	1,196	1,149	876.83	406.51	882.66
Net Cash Growth	31.19%	4.04%	31.05%	115.69%	-53.95%	71.20%
Net Cash Per Share	0.98	0.98	0.94	0.72	0.33	0.72
Filing Date Shares Outstanding	1,225	1,225	1,225	1,225	1,225	1,225
Total Common Shares Outstanding	1,225	1,225	1,225	1,225	1,225	1,225
Working Capital	2,130	2,123	2,204	2,193	2,249	2,059
Book Value Per Share	2.62	2.64	2.67	2.63	2.91	2.77
Tangible Book Value	3,181	3,208	3,268	3,218	3,554	3,386
Tangible Book Value Per Share	2.60	2.62	2.67	2.63	2.90	2.76
Land	-	2.44	2.46	2.45	2.45	21.55
Buildings	-	993.84	990.5	1,043	1,022	1,002
Machinery	-	3,188	3,224	3,304	3,227	3,175
Construction In Progress	-	69.91	34.34	12.29	25.74	94.49

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