Herald Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	238.73	266.11	229.19	170.33	89.76	168.6
Short-Term Investments	12.35	11.33	11.79	26.01	26.61	45.22
Trading Asset Securities	105.02	1.18	1.24	1.97	2.46	2.49
Cash & Short-Term Investments	356.09	278.62	242.22	198.31	118.83	216.32
Cash Growth	-1.18%	15.03%	22.14%	66.88%	-45.07%	0.02%
Accounts Receivable	207.42	101.4	96.24	123.43	120.32	116.74
Other Receivables	-	-	-	-	1.72	3.47
Receivables	207.42	101.4	96.24	123.43	122.04	120.21
Inventory	119.41	118.36	122.66	184.24	254.87	146.12
Restricted Cash	9.04	7.1	3.61	0.95	0.99	2.36
Other Current Assets	-	90.88	76.15	78.46	82.98	89.39
Total Current Assets	691.96	596.34	540.88	585.39	579.7	574.39
Property, Plant & Equipment	135.24	219.21	255.46	306.12	350.75	348.43
Long-Term Investments	3.5	3.5	4	2.3	4.25	2.3
Other Intangible Assets	0.9	0.92	0.95	0.99	1.02	1.06
Long-Term Deferred Tax Assets	2.78	4.14	5.61	4.11	31.85	17.08
Other Long-Term Assets	81.76	2.71	5.54	4.61	4.89	5.09
Total Assets	916.14	826.82	812.45	903.51	972.46	948.35
Accounts Payable	18.43	15.01	14.22	14.68	36.4	22.54
Accrued Expenses	175.63	153.27	122.65	124.34	164.31	130.7
Short-Term Debt	-	-	-	10	54.03	1.09
Current Portion of Leases	1.56	2.81	5.23	5.81	3.9	4.46
Current Income Taxes Payable	39.62	28.91	29.5	32.7	26.13	21.01
Current Unearned Revenue	8.56	7.96	9.12	9.24	9.28	8.52
Total Current Liabilities	261.94	207.96	180.72	196.77	294.06	188.32
Long-Term Leases	0.98	0.98	6.54	13.54	8.35	5.5
Pension & Post-Retirement Benefits	2.81	2.81	1.84	1.24	1.14	1.23
Long-Term Deferred Tax Liabilities	25.28	25.03	30.36	36.25	38.07	34.71
Total Liabilities	291	236.78	219.46	247.8	341.62	229.76
Common Stock	47.15	47.15	47.15	47.15	47.15	47.15
Additional Paid-In Capital	74.82	74.82	74.82	74.82	74.82	74.82
Retained Earnings	443.38	417.28	419.86	470.52	424.46	521.88
Comprehensive Income & Other	46.62	37.78	38.54	49.93	70.64	62.97
Total Common Equity	611.98	577.03	580.37	642.42	617.07	706.82
Minority Interest	13.17	13.01	12.62	13.29	13.77	11.77
Shareholders' Equity	625.14	590.04	592.99	655.7	630.84	718.59
Total Liabilities & Equity	916.14	826.82	812.45	903.51	972.46	948.35
Total Debt	2.54	3.79	11.76	29.35	66.29	11.05
Net Cash (Debt)	353.55	274.83	230.46	168.96	52.54	205.27
Net Cash Growth	-0.74%	19.25%	36.40%	221.56%	-74.40%	1.35%
Net Cash Per Share	0.58	0.45	0.38	0.28	0.09	0.34
Filing Date Shares Outstanding	604.49	604.49	604.49	604.49	604.49	604.49
Total Common Shares Outstanding	604.49	604.49	604.49	604.49	604.49	604.49
Working Capital	430.02	388.38	360.16	388.62	285.64	386.07
Book Value Per Share	1.01	0.95	0.96	1.06	1.02	1.17
Tangible Book Value	611.07	576.11	579.42	641.43	616.05	705.76
Tangible Book Value Per Share	1.01	0.95	0.96	1.06	1.02	1.17
Land	-	271.39	272.07	276.49	288.5	284.8
Machinery	-	386.7	402.11	431.91	452.29	447.07

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