Tristate 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	472.19	466.55	462.66	301.36	378.91
Cash & Short-Term Investments	472.19	466.55	462.66	301.36	378.91
Cash Growth	1.21%	0.84%	53.52%	-20.47%	5.66%
Accounts Receivable	488.06	453.05	568.96	492.05	435.91
Other Receivables	6.22	11.46	11.23	30.94	20.45
Receivables	494.27	464.5	580.19	522.99	456.36
Inventory	722.6	794.13	750.41	872.3	539.72
Prepaid Expenses	50.29	32.84	29.16	24.31	26.19
Other Current Assets	18.01	26.73	21.31	33.87	29.7
Total Current Assets	1,757	1,785	1,844	1,755	1,431
Property, Plant & Equipment	623.38	561.82	587.39	552.25	538.22
Long-Term Investments	13.53	13.52	7.49	7.49	3.65
Other Intangible Assets	294.26	575.46	630.93	719.71	400.75
Long-Term Deferred Tax Assets	21.24	19.84	17	17.57	16.86
Other Long-Term Assets	30.52	20.86	29.81	23.32	22.62
Total Assets	2,740	2,976	3,117	3,076	2,415
Accounts Payable	337.28	329.01	444.48	437.32	344.12
Accrued Expenses	412.36	463.74	456.42	459.45	348.7
Short-Term Debt	-	-	32.75	107.01	42.03
Current Portion of Leases	98.24	108.42	101.6	96.67	78.78
Current Income Taxes Payable	19.98	53.24	44.06	93.14	64.51
Current Unearned Revenue	21.64	22	27.37	27.65	11.04
Other Current Liabilities	4.55	0.58	0.43	3.89	1.78
Total Current Liabilities	894.05	976.98	1,107	1,225	890.96
Long-Term Leases	148.26	124.47	145.2	126.62	117.07
Pension & Post-Retirement Benefits	33.29	30.92	25.91	21.03	27.08
Long-Term Deferred Tax Liabilities	42.94	42.63	40.98	39.17	33.11
Other Long-Term Liabilities	197.3	545.33	592.41	624.78	310.3
Total Liabilities	1,316	1,720	1,912	2,037	1,379
Common Stock	27.35	27.26	27.16	27.16	27.16
Additional Paid-In Capital	281.9	280.95	280.08	280.08	280.08
Retained Earnings	874.05	792.86	708.23	556.62	517.15
Comprehensive Income & Other	213.16	126.39	164.73	156.29	201.55
Total Common Equity	1,396	1,227	1,180	1,020	1,026
Minority Interest	28.01	28.47	24.86	19.33	10.28
Shareholders' Equity	1,424	1,256	1,205	1,039	1,036
Total Liabilities & Equity	2,740	2,976	3,117	3,076	2,415
Total Debt	246.5	232.89	279.55	330.3	237.88
Net Cash (Debt)	225.69	233.66	183.1	-28.93	141.04
Net Cash Growth	-3.41%	27.61%	-	-	134.12%
Net Cash Per Share	0.82	0.85	0.67	-0.11	0.52
Filing Date Shares Outstanding	273.48	272.6	271.61	271.61	271.61
Total Common Shares Outstanding	273.48	272.6	271.61	271.61	271.61
Working Capital	863.32	807.77	736.6	529.7	539.92
Book Value Per Share	5.11	4.50	4.35	3.76	3.78
Tangible Book Value	1,102	651.99	549.28	300.45	625.19
Tangible Book Value Per Share	4.03	2.39	2.02	1.11	2.30
Land	59.14	54.85	54.82	54.18	56.01
Buildings	379.42	365.18	384.08	387.36	424.16
Machinery	273.92	259.21	254.41	250.01	264.52
Construction In Progress	40.96	8.53	6.65	0.37	6.61
Leasehold Improvements	561.23	534.68	516.96	472.4	438.59

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