Midland 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	722.16	711.13	532.15	450.67	1,506	938.15
Short-Term Investments	-	-	-	-	-	2.45
Cash & Short-Term Investments	722.16	711.13	532.15	450.67	1,506	940.61
Cash Growth	8.66%	33.63%	18.08%	-70.07%	60.06%	-18.33%
Accounts Receivable	3,104	3,431	2,305	2,277	3,441	2,796
Other Receivables	175.34	186.12	224.98	274.49	362.5	366.52
Receivables	3,280	3,617	2,530	2,568	3,826	3,259
Other Current Assets	-	-	-	3.86	-	-
Total Current Assets	4,002	4,328	3,062	3,023	5,332	4,199
Property, Plant & Equipment	333.81	298.73	383.33	650.78	888.4	703.09
Long-Term Investments	26.77	20.45	12.34	15.32	43.2	39.52
Other Intangible Assets	10.11	10.11	10.11	10.11	-	-
Long-Term Deferred Tax Assets	23.14	25.39	69.75	72.85	11.73	12.06
Other Long-Term Assets	24.24	25.44	30.28	50.72	75.34	73.7
Total Assets	4,422	4,708	3,569	3,825	6,353	5,029
Accounts Payable	2,938	2,948	2,106	2,317	327.71	415.42
Accrued Expenses	-	495.27	295.17	-	3,267	2,616
Current Portion of Long-Term Debt	-	-	169.89	54.6	687	228
Current Portion of Leases	172.73	164.03	221.95	395.36	533.32	459.91
Current Income Taxes Payable	27.21	4.45	4.25	2.8	29.31	1.71
Total Current Liabilities	3,138	3,612	2,797	2,770	4,844	3,721
Long-Term Debt	-	-	-	173.64	-	-
Long-Term Leases	90.74	58.71	65	144.67	313.42	209.96
Long-Term Deferred Tax Liabilities	5.66	6.15	8.24	9.2	8.95	7.81
Other Long-Term Liabilities	44.68	37.68	41.97	44.09	-	-
Total Liabilities	3,279	3,715	2,912	3,141	5,167	3,939
Common Stock	71.69	71.71	71.71	71.71	71.71	71.81
Additional Paid-In Capital	222.1	222.24	222.24	222.24	222.24	223.51
Retained Earnings	-	627.34	299.12	339.63	838.36	731.98
Comprehensive Income & Other	849.1	72.43	64.13	50.68	53.89	62.11
Total Common Equity	1,143	993.71	657.19	684.25	1,186	1,089
Shareholders' Equity	1,143	993.71	657.19	684.25	1,186	1,089
Total Liabilities & Equity	4,422	4,708	3,569	3,825	6,353	5,029
Total Debt	263.48	222.74	456.84	768.26	1,534	897.87
Net Cash (Debt)	458.69	488.39	75.31	-317.6	-28.21	42.74
Net Cash Growth	476.41%	548.52%	-	-	-	-
Net Cash Per Share	0.64	0.68	0.11	-0.44	-0.04	0.06
Filing Date Shares Outstanding	716.9	717.09	717.09	717.09	717.09	718.05
Total Common Shares Outstanding	716.9	717.09	717.09	717.09	717.09	718.05
Working Capital	864.16	715.92	265.6	253.11	487.51	477.92
Book Value Per Share	1.59	1.39	0.92	0.95	1.65	1.52
Tangible Book Value	1,133	983.6	647.08	674.14	1,186	1,089
Tangible Book Value Per Share	1.58	1.37	0.90	0.94	1.65	1.52
Land	-	128.72	128.74	141.99	156.76	156.74
Machinery	-	298.66	301.94	322.26	380.9	356.49
Leasehold Improvements	-	133.84	139.93	169.05	261.75	255.63

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