Greenheart 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	22.16	19.51	47.71	71.68	92.92	167.68
Cash & Short-Term Investments	22.16	19.51	47.71	71.68	92.92	167.68
Cash Growth	-16.54%	-59.11%	-33.44%	-22.85%	-44.59%	-0.37%
Accounts Receivable	9.47	4.72	19.44	36.09	46.89	21.62
Other Receivables	0.62	8.59	8.56	8.61	10.49	8.26
Receivables	10.1	13.31	28	44.7	57.37	29.88
Inventory	1.59	4.29	7.88	13.29	40.32	25.1
Prepaid Expenses	4.79	3.7	4.38	7.17	11.39	17.43
Other Current Assets	2.38	4.12	5.18	2.32	0.53	1.54
Total Current Assets	41.01	44.93	93.15	139.17	202.53	241.63
Property, Plant & Equipment	582.51	557.21	677.04	715.01	755.08	813.61
Long-Term Investments	1.44	1.4	1.5	1.63	1.83	1.89
Goodwill	5.65	5.65	5.65	5.65	5.65	5.65
Other Intangible Assets	-	-	21.74	104.41	142.89	140.12
Long-Term Accounts Receivable	-	-	-	1.52	-	4.72
Other Long-Term Assets	0.34	0.32	0.23	0.63	2.14	1.73
Total Assets	630.95	609.51	799.3	968.02	1,110	1,209
Accounts Payable	12.11	8.04	13.42	14.29	27.48	39.08
Accrued Expenses	-	11.1	9.84	7.22	10.97	13.88
Current Portion of Long-Term Debt	23.77	-	10.95	32.2	0.5	0.24
Current Portion of Leases	2.11	2.03	1.86	3.8	3.58	4.41
Current Income Taxes Payable	-	0.07	0.07	13.37	22.72	20.56
Current Unearned Revenue	-	0.13	0.39	1.43	1.43	1.33
Other Current Liabilities	6.45	16.12	15.36	14.27	34.83	34.89
Total Current Liabilities	44.45	37.5	51.89	86.58	101.51	114.39
Long-Term Debt	425.45	424.35	383.16	350.39	368.17	401.86
Long-Term Leases	12.27	11.84	12.21	14.13	18.52	19.74
Long-Term Deferred Tax Liabilities	49.25	45.61	65	96.11	105.23	97.59
Total Liabilities	531.43	519.3	512.25	547.21	593.43	633.58
Common Stock	18.55	18.55	18.55	18.55	18.55	18.55
Additional Paid-In Capital	2,175	2,175	2,175	2,175	2,175	2,175
Retained Earnings	-1,758	-1,636	-1,497	-1,404	-1,336	-1,303
Comprehensive Income & Other	66.82	43.88	67.47	61.55	59.67	64.21
Total Common Equity	502.37	601.22	764.05	851.21	917.48	954.27
Minority Interest	-402.85	-511	-476.99	-430.39	-400.8	-378.51
Shareholders' Equity	99.52	90.22	287.05	420.81	516.68	575.76
Total Liabilities & Equity	630.95	609.51	799.3	968.02	1,110	1,209
Total Debt	463.61	438.22	408.17	400.51	390.78	426.25
Net Cash (Debt)	-441.45	-418.71	-360.46	-328.83	-297.86	-258.57
Net Cash Per Share	-0.24	-0.23	-0.19	-0.18	-0.16	-0.14
Filing Date Shares Outstanding	1,855	1,855	1,855	1,855	1,855	1,855
Total Common Shares Outstanding	1,855	1,855	1,855	1,855	1,855	1,855
Working Capital	-3.44	7.43	41.26	52.6	101.02	127.24
Book Value Per Share	0.27	0.32	0.41	0.46	0.49	0.51
Tangible Book Value	496.72	595.57	736.66	741.14	768.94	808.5
Tangible Book Value Per Share	0.27	0.32	0.40	0.40	0.41	0.44
Land	-	132.27	152.74	146.91	140.22	138.4
Buildings	-	59.63	59.65	59.59	58.68	58.63
Machinery	-	201.36	201.82	201.71	201.24	201.28
Construction In Progress	-	18.01	18.06	18.08	18.57	18.29
Leasehold Improvements	-	6.9	6.9	6.9	6.9	6.65

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