Genesis Scale 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
Cash & Equivalents	77.76	147.26	258.07	162.95	297.19	147.81
Short-Term Investments	1.28	1.41	2.16	24.86	24.94	2.95
Trading Asset Securities	5.48	5.3	5.48	2.02	21.49	-
Cash & Short-Term Investments	84.52	153.97	265.7	189.82	343.62	150.76
Cash Growth	-39.54%	-42.05%	39.98%	-44.76%	127.92%	-38.69%
Accounts Receivable	39.59	71.24	105.27	36.76	61.75	177.17
Other Receivables	148.51	17.1	17.34	16.56	20.29	13.73
Receivables	188.1	88.33	122.62	53.33	82.04	190.9
Inventory	20.63	16.69	12.67	14.86	8.54	15.17
Prepaid Expenses	-	1.51	1.13	1.78	2.38	11.37
Other Current Assets	0.87	10.41	48.27	12.51	12.88	3.63
Total Current Assets	294.13	270.93	450.38	272.3	449.46	371.83
Property, Plant & Equipment	537.06	513.57	512.21	511.21	534.77	573.03
Long-Term Investments	2,009	2,313	724.12	1,081	1,655	1,897
Other Intangible Assets	0	0	0.07	0.23	0.41	0.07
Other Long-Term Assets	105.21	104.05	141.48	115.31	130.36	1.19
Total Assets	2,945	3,202	1,828	1,980	2,770	2,843
Accounts Payable	42.96	36.85	54.72	28.78	48.84	31.82
Accrued Expenses	6.92	7.67	12.26	9.58	18.75	14.14
Short-Term Debt	-	-	-	-	-	315.85
Current Portion of Long-Term Debt	26.01	21.2	21.92	22.56	24.49	11.92
Current Portion of Leases	-	-	-	0.32	0.61	0.75
Current Income Taxes Payable	-	-	12.17	12.23	13.05	13.05
Current Unearned Revenue	7.41	6.92	7.12	18.72	20.52	26.14
Other Current Liabilities	23.25	22.4	54.85	29.49	60.72	90.74
Total Current Liabilities	106.54	95.05	163.03	121.68	186.97	504.41
Long-Term Debt	84.92	69.29	93.58	118.86	153.51	169.07
Long-Term Leases	-	-	-	-	0.35	0.38
Long-Term Deferred Tax Liabilities	263.13	309.91	77.8	122.15	204.85	230.9
Total Liabilities	454.6	474.25	334.4	362.69	545.67	904.76
Common Stock	61.57	61.57	61.57	61.57	61.57	61.57
Additional Paid-In Capital	2,443	2,443	2,443	2,443	2,443	2,443
Retained Earnings	-712.42	-714.24	-666.82	-504.23	-436.32	-537.05
Comprehensive Income & Other	698.27	936.56	-344.4	-383.83	155.31	-29.72
Total Common Equity	2,491	2,727	1,494	1,617	2,224	1,938
Minority Interest	-	-	-	-	-0	-0
Shareholders' Equity	2,491	2,727	1,494	1,617	2,224	1,938
Total Liabilities & Equity	2,945	3,202	1,828	1,980	2,770	2,843
Total Debt	110.93	90.49	115.5	141.74	178.95	497.97
Net Cash (Debt)	-26.4	63.48	150.2	48.08	164.67	-347.21
Net Cash Growth	-	-57.74%	212.39%	-70.80%	-	-
Net Cash Per Share	-0.04	0.10	0.24	0.08	0.27	-0.56
Filing Date Shares Outstanding	615.69	615.69	615.69	615.69	615.69	615.69
Total Common Shares Outstanding	615.69	615.69	615.69	615.69	615.69	615.69
Working Capital	187.58	175.87	287.34	150.62	262.49	-132.58
Book Value Per Share	4.05	4.43	2.43	2.63	3.61	3.15
Tangible Book Value	2,491	2,727	1,494	1,617	2,224	1,938
Tangible Book Value Per Share	4.05	4.43	2.43	2.63	3.61	3.15
Buildings	-	-	-	-	-	8.55
Machinery	19.07	18.11	12.4	19.07	31.98	31.61
Construction In Progress	463.88	442.55	443.08	437.4	446.91	401.39

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