The Wharf (Holdings) Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	69,413	73,028	83,841	81,310	89,492
Cash & Equivalents	19,868	9,718	11,593	14,648	23,559
Accounts Receivable	191	194	214	244	310
Other Receivables	1,272	1,313	1,404	1,511	1,576
Investment In Debt and Equity Securities	43,158	41,969	42,363	48,924	52,902
Goodwill	298	298	298	298	298
Other Current Assets	36,494	36,217	37,283	43,055	48,733
Deferred Long-Term Tax Assets	20	8	133	837	830
Other Long-Term Assets	27,795	27,294	27,748	30,918	36,000
Total Assets	198,509	190,039	204,877	221,745	253,700
Current Portion of Long-Term Debt	2,424	3,010	4,500	2,399	3,664
Current Portion of Leases	49	38	39	42	33
Long-Term Debt	15,482	13,844	14,932	17,565	33,081
Long-Term Leases	20	34	33	30	36
Accounts Payable	863	836	883	793	950
Current Income Taxes Payable	389	327	269	2,345	3,451
Current Unearned Revenue	43	167	1,717	8,202	9,644
Other Current Liabilities	17,092	18,879	19,355	19,637	20,831
Long-Term Deferred Tax Liabilities	9,729	10,012	14,602	14,561	15,264
Other Long-Term Liabilities	-	422	344	464	369
Total Liabilities	46,091	47,569	56,674	66,038	87,323
Common Stock	30,381	30,381	30,381	30,381	30,381
Retained Earnings	122,196	122,801	127,230	126,606	131,044
Comprehensive Income & Other	-5,870	-16,350	-14,622	-5,402	595
Total Common Equity	146,707	136,832	142,989	151,585	162,020
Minority Interest	5,711	5,638	5,214	4,122	4,357
Shareholders' Equity	152,418	142,470	148,203	155,707	166,377
Total Liabilities & Equity	198,509	190,039	204,877	221,745	253,700
Total Debt	17,975	16,926	19,504	20,036	36,814
Net Cash (Debt)	1,893	-7,208	-7,911	-5,388	-13,255
Net Cash Per Share	0.62	-2.36	-2.59	-1.76	-4.34
Filing Date Shares Outstanding	3,056	3,056	3,056	3,056	3,056
Total Common Shares Outstanding	3,056	3,056	3,056	3,056	3,056
Book Value Per Share	48.01	44.77	46.79	49.60	53.02
Tangible Book Value	146,409	136,534	142,691	151,287	161,722
Tangible Book Value Per Share	47.91	44.68	46.69	49.50	52.92
Land	3,736	3,678	3,728	3,762	3,982
Construction In Progress	1,874	2,069	359	235	6,680

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