Tristate 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	348.04	466.55	462.66	301.36	378.91	358.61
Cash & Short-Term Investments	348.04	466.55	462.66	301.36	378.91	358.61
Cash Growth	90.37%	0.84%	53.52%	-20.47%	5.66%	25.67%
Accounts Receivable	540.9	453.05	568.96	492.05	435.91	282.04
Other Receivables	0.24	11.46	11.23	30.94	20.45	32.06
Receivables	541.14	464.5	580.19	522.99	456.36	314.1
Inventory	854.94	794.13	750.41	872.3	539.72	402.53
Prepaid Expenses	79.81	32.84	29.16	24.31	26.19	23.08
Other Current Assets	0.37	26.73	21.31	33.87	29.7	30.37
Total Current Assets	1,824	1,785	1,844	1,755	1,431	1,129
Property, Plant & Equipment	615.49	561.82	587.39	552.25	538.22	626.54
Long-Term Investments	6.03	13.52	7.49	7.49	3.65	3.65
Other Intangible Assets	574.19	575.46	630.93	719.71	400.75	439.81
Long-Term Deferred Tax Assets	19.32	19.84	17	17.57	16.86	8.27
Other Long-Term Assets	37.22	20.86	29.81	23.32	22.62	31.61
Total Assets	3,077	2,976	3,117	3,076	2,415	2,241
Accounts Payable	300.63	329.01	444.48	437.32	344.12	218.26
Accrued Expenses	424.5	463.74	456.42	459.45	348.7	308.39
Short-Term Debt	76.5	-	32.75	107.01	42.03	54.29
Current Portion of Leases	91.68	108.42	101.6	96.67	78.78	86.1
Current Income Taxes Payable	48.27	53.24	44.06	93.14	64.51	30.1
Current Unearned Revenue	27.46	22	27.37	27.65	11.04	0.48
Other Current Liabilities	46.49	0.58	0.43	3.89	1.78	-
Total Current Liabilities	1,016	976.98	1,107	1,225	890.96	697.62
Long-Term Debt	-	-	-	-	-	4.4
Long-Term Leases	158.61	124.47	145.2	126.62	117.07	153.59
Pension & Post-Retirement Benefits	33.27	30.92	25.91	21.03	27.08	32.84
Long-Term Deferred Tax Liabilities	42.28	42.63	40.98	39.17	33.11	27.78
Other Long-Term Liabilities	519.99	545.33	592.41	624.78	310.3	286.62
Total Liabilities	1,770	1,720	1,912	2,037	1,379	1,203
Common Stock	27.35	27.26	27.16	27.16	27.16	27.16
Additional Paid-In Capital	-	280.95	280.08	280.08	280.08	280.08
Retained Earnings	-	687.7	603.08	556.62	517.15	492.09
Comprehensive Income & Other	1,252	231.55	269.88	156.29	201.55	236.66
Total Common Equity	1,279	1,227	1,180	1,020	1,026	1,036
Minority Interest	27.67	28.47	24.86	19.33	10.28	2.21
Shareholders' Equity	1,307	1,256	1,205	1,039	1,036	1,038
Total Liabilities & Equity	3,077	2,976	3,117	3,076	2,415	2,241
Total Debt	326.79	232.89	279.55	330.3	237.88	298.37
Net Cash (Debt)	21.25	233.66	183.1	-28.93	141.04	60.24
Net Cash Growth	-	27.61%	-	-	134.12%	914.14%
Net Cash Per Share	0.08	0.85	0.67	-0.11	0.52	0.22
Filing Date Shares Outstanding	273.48	272.6	271.61	271.61	271.61	271.61
Total Common Shares Outstanding	273.48	272.6	271.61	271.61	271.61	271.61
Working Capital	808.77	807.77	736.6	529.7	539.92	431.07
Book Value Per Share	4.68	4.50	4.35	3.76	3.78	3.81
Tangible Book Value	705.01	651.99	549.28	300.45	625.19	596.18
Tangible Book Value Per Share	2.58	2.39	2.02	1.11	2.30	2.20
Land	-	54.85	54.82	54.18	56.01	62.02
Buildings	-	365.18	384.08	387.36	424.16	421.67
Machinery	-	259.21	254.41	250.01	264.52	275.18
Construction In Progress	-	8.53	6.65	0.37	6.61	7.56
Leasehold Improvements	-	534.68	516.96	472.4	438.59	426.12

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