The Wharf (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
Property, Plant & Equipment	72,411	73,028	83,841	81,310	89,492	91,401
Cash & Equivalents	13,081	9,718	11,593	14,648	23,559	16,668
Accounts Receivable	184	194	214	244	310	476
Other Receivables	1,394	1,313	1,404	1,511	1,576	1,684
Investment In Debt and Equity Securities	48,429	41,969	42,363	48,924	52,902	66,875
Goodwill	298	298	298	298	298	298
Other Current Assets	35,557	36,217	37,283	43,055	48,733	42,585
Deferred Long-Term Tax Assets	3	8	133	837	830	670
Other Long-Term Assets	27,249	27,294	27,748	30,918	36,000	33,438
Total Assets	198,606	190,039	204,877	221,745	253,700	254,095
Current Portion of Long-Term Debt	3,088	3,010	4,500	2,399	3,664	11,549
Current Portion of Leases	-	38	39	42	33	33
Long-Term Debt	16,523	13,844	14,932	17,565	33,081	30,625
Long-Term Leases	35	34	33	30	36	30
Accounts Payable	827	836	883	793	950	864
Current Income Taxes Payable	321	327	269	2,345	3,451	4,245
Current Unearned Revenue	356	167	1,717	8,202	9,644	8,098
Other Current Liabilities	17,932	18,879	19,355	19,637	20,831	20,909
Long-Term Deferred Tax Liabilities	10,077	10,012	14,602	14,561	15,264	13,915
Other Long-Term Liabilities	406	422	344	464	369	351
Total Liabilities	49,565	47,569	56,674	66,038	87,323	90,619
Common Stock	30,381	30,381	30,381	30,381	30,381	30,270
Retained Earnings	122,726	122,801	127,230	126,606	131,044	119,395
Comprehensive Income & Other	-9,803	-16,350	-14,622	-5,402	595	9,189
Total Common Equity	143,304	136,832	142,989	151,585	162,020	158,854
Minority Interest	5,737	5,638	5,214	4,122	4,357	4,622
Shareholders' Equity	149,041	142,470	148,203	155,707	166,377	163,476
Total Liabilities & Equity	198,606	190,039	204,877	221,745	253,700	254,095
Total Debt	19,646	16,926	19,504	20,036	36,814	42,237
Net Cash (Debt)	-6,565	-7,208	-7,911	-5,388	-13,255	-25,569
Net Cash Per Share	-2.15	-2.36	-2.59	-1.76	-4.34	-8.38
Filing Date Shares Outstanding	3,056	3,056	3,056	3,056	3,056	3,051
Total Common Shares Outstanding	3,056	3,056	3,056	3,056	3,056	3,051
Book Value Per Share	46.89	44.77	46.79	49.60	53.02	52.06
Tangible Book Value	143,006	136,534	142,691	151,287	161,722	158,556
Tangible Book Value Per Share	46.80	44.68	46.69	49.50	52.92	51.96
Land	-	3,678	3,728	3,762	3,982	3,922
Construction In Progress	-	2,069	359	235	6,680	6,335

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