Fountain Set (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
Cash & Equivalents	1,015	914.5	1,005	1,148	767.13
Short-Term Investments	532.47	486.71	506.02	345.54	184.53
Cash & Short-Term Investments	1,547	1,401	1,511	1,493	951.66
Cash Growth	10.42%	-7.27%	1.21%	56.89%	-30.10%
Accounts Receivable	701.48	802.07	808.09	928.72	1,270
Other Receivables	5.78	106.55	263.76	18.41	76.47
Receivables	707.26	908.62	1,072	947.13	1,347
Inventory	701.37	784.74	783.91	929.53	1,717
Prepaid Expenses	120.94	-	-	-	-
Other Current Assets	1.91	1.73	1.9	5.46	4.2
Total Current Assets	3,079	3,096	3,369	3,375	4,020
Property, Plant & Equipment	1,284	1,368	1,374	1,502	1,533
Long-Term Investments	27.27	26.02	24.92	23.77	23.6
Other Intangible Assets	29.16	29.77	-	3.02	6.03
Long-Term Deferred Tax Assets	53.9	38.23	41.97	53.03	65.91
Other Long-Term Assets	52.24	56.74	90.82	89.55	100
Total Assets	4,525	4,615	4,901	5,047	5,748
Accounts Payable	439.46	562.54	651.57	491.3	956.45
Accrued Expenses	-	113.21	180.41	243.55	184.27
Short-Term Debt	23.04	23.04	37.03	37.03	62.83
Current Portion of Long-Term Debt	-	48.8	108.47	200.73	327.34
Current Portion of Leases	36.19	22.35	26.24	26.77	24.64
Current Income Taxes Payable	20.09	18.75	21.63	22.63	32.25
Current Unearned Revenue	27.39	22.62	24.41	26.45	38.16
Other Current Liabilities	281.18	161.68	115.54	133.72	145.16
Total Current Liabilities	827.33	972.99	1,165	1,182	1,771
Long-Term Debt	-	-	91.09	235.51	-
Long-Term Leases	149.73	111.52	99.23	116.23	130.33
Long-Term Unearned Revenue	62.4	67.56	67.73	76.15	83.15
Long-Term Deferred Tax Liabilities	3.54	6.78	8.83	12.92	4.72
Total Liabilities	1,043	1,159	1,432	1,623	1,989
Common Stock	889.81	889.81	889.81	889.81	889.81
Retained Earnings	-	2,413	2,436	2,385	2,696
Comprehensive Income & Other	2,360	-65.37	-57.1	-53.48	-25.84
Total Common Equity	3,250	3,238	3,268	3,221	3,560
Minority Interest	232.41	218.18	200.32	202.7	198.86
Shareholders' Equity	3,482	3,456	3,469	3,424	3,759
Total Liabilities & Equity	4,525	4,615	4,901	5,047	5,748
Total Debt	208.96	205.71	362.06	616.28	545.15
Net Cash (Debt)	1,338	1,196	1,149	876.83	406.51
Net Cash Growth	11.94%	4.04%	31.05%	115.69%	-53.95%
Net Cash Per Share	1.09	0.98	0.94	0.72	0.33
Filing Date Shares Outstanding	1,225	1,225	1,225	1,225	1,225
Total Common Shares Outstanding	1,225	1,225	1,225	1,225	1,225
Working Capital	2,251	2,123	2,204	2,193	2,249
Book Value Per Share	2.65	2.64	2.67	2.63	2.91
Tangible Book Value	3,221	3,208	3,268	3,218	3,554
Tangible Book Value Per Share	2.63	2.62	2.67	2.63	2.90
Land	-	2.44	2.46	2.45	2.45
Buildings	-	993.84	990.5	1,043	1,022
Machinery	-	3,188	3,224	3,304	3,227
Construction In Progress	-	69.91	34.34	12.29	25.74

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