Tao Heung 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	201.96	213.32	345.15	251.85	457.93
Cash & Short-Term Investments	201.96	213.32	345.15	251.85	457.93
Cash Growth	-5.32%	-38.20%	37.04%	-45.00%	-36.33%
Accounts Receivable	53.43	45.77	55.98	46.64	57.44
Other Receivables	3.18	6.64	-	0.09	2.32
Receivables	56.61	52.41	55.98	46.73	59.75
Inventory	90.57	117.66	132.96	126.36	151.45
Prepaid Expenses	113.47	122.21	100.86	143.34	153.28
Other Current Assets	11.11	14.66	14.95	14.52	15.99
Total Current Assets	473.72	520.24	649.89	582.79	838.4
Property, Plant & Equipment	1,162	1,112	1,270	1,393	1,614
Long-Term Investments	13.08	11.56	13.03	12.3	13.95
Goodwill	36.76	36.13	36.56	38.49	40.15
Long-Term Deferred Tax Assets	117.53	125.39	121.69	141.44	123.17
Other Long-Term Assets	77.25	69.69	97.35	105.19	121.48
Total Assets	1,880	1,875	2,189	2,273	2,751
Accounts Payable	120.45	89.83	133.09	127.34	124.15
Short-Term Debt	-	-	-	-	31.83
Current Portion of Long-Term Debt	14.81	21.34	37.76	109.83	129.83
Current Portion of Leases	156.89	190.16	176.2	190.44	200.87
Current Income Taxes Payable	7.89	9.73	7.69	3.42	4.06
Current Unearned Revenue	-	51.3	61.79	58.72	62.54
Other Current Liabilities	176.86	136.92	160.13	171.32	178.99
Total Current Liabilities	476.9	499.28	576.66	661.06	732.28
Long-Term Debt	18.77	33.75	47.95	-	-
Long-Term Leases	249.62	158.86	281.91	339.48	439.33
Long-Term Deferred Tax Liabilities	23.36	19.81	18.44	16.94	19.9
Other Long-Term Liabilities	7.91	8.68	9.61	12.37	13.07
Total Liabilities	776.56	720.37	934.56	1,030	1,205
Common Stock	101.44	101.44	101.44	101.44	101.64
Additional Paid-In Capital	-	324.85	324.85	324.85	326.43
Retained Earnings	-	691.58	774.14	761.09	964.66
Treasury Stock	-	-	-	-	-1.78
Comprehensive Income & Other	984.98	19.04	32.61	34.18	137.68
Total Common Equity	1,086	1,137	1,233	1,222	1,529
Minority Interest	17.48	17.26	21.22	21.57	17.59
Shareholders' Equity	1,104	1,154	1,254	1,243	1,546
Total Liabilities & Equity	1,880	1,875	2,189	2,273	2,751
Total Debt	440.09	404.11	543.81	639.75	801.86
Net Cash (Debt)	-238.13	-190.79	-198.66	-387.9	-343.94
Net Cash Per Share	-0.23	-0.19	-0.20	-0.38	-0.34
Filing Date Shares Outstanding	1,014	1,014	1,014	1,014	1,014
Total Common Shares Outstanding	1,014	1,014	1,014	1,014	1,014
Working Capital	-3.18	20.96	73.23	-78.27	106.12
Book Value Per Share	1.07	1.12	1.22	1.20	1.51
Tangible Book Value	1,050	1,101	1,196	1,183	1,488
Tangible Book Value Per Share	1.03	1.09	1.18	1.17	1.47
Buildings	-	505.1	508.79	510.14	554.35
Machinery	-	713.95	809.47	893.3	999.2
Construction In Progress	-	0.19	0.19	0.75	0.05
Leasehold Improvements	-	1,318	1,365	1,401	1,475

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