BOE Varitronix 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	3,191	2,700	3,501	2,819	2,267
Short-Term Investments	1,386	987.3	161.51	123.43	54.45
Trading Asset Securities	89.95	389.76	15.41	0.07	1.24
Cash & Short-Term Investments	4,667	4,077	3,678	2,942	2,323
Cash Growth	14.47%	10.86%	24.99%	26.67%	38.01%
Accounts Receivable	2,827	2,857	2,110	2,006	1,616
Other Receivables	274.57	286.94	258.89	70.83	31.35
Receivables	3,102	3,144	2,369	2,077	1,648
Inventory	1,878	1,778	1,947	1,568	832.62
Other Current Assets	156.8	196.04	103.43	23.45	50.18
Total Current Assets	9,804	9,195	8,097	6,611	4,853
Property, Plant & Equipment	2,306	2,060	1,760	1,490	583.43
Long-Term Investments	1.9	40.19	41.9	50.51	40.61
Goodwill	-	-	-	-	11.49
Other Intangible Assets	52.83	29.43	25.06	22.17	38.46
Long-Term Deferred Tax Assets	60.59	59.72	8.84	11.29	0.65
Other Long-Term Assets	145.67	79.92	101.26	98.27	15.33
Total Assets	12,371	11,465	10,034	8,283	5,543
Accounts Payable	5,966	5,367	3,808	2,940	1,652
Accrued Expenses	638.05	558.8	664.72	267.78	276.79
Current Portion of Long-Term Debt	63.97	205.32	236.44	636.29	-
Current Portion of Leases	13.9	14.79	8.16	7.39	11.51
Current Income Taxes Payable	2.54	23.27	13.93	65.32	17.48
Current Unearned Revenue	333.66	330.19	291.37	186.25	210.42
Total Current Liabilities	7,019	6,500	5,023	4,103	2,168
Long-Term Debt	244.52	170.46	383.5	30.91	-
Long-Term Leases	14.73	20.11	13.91	4.4	11.04
Long-Term Unearned Revenue	219.46	171.82	200.5	18.91	5.28
Long-Term Deferred Tax Liabilities	2.11	2.45	3.47	9.98	13.17
Total Liabilities	7,499	6,864	5,624	4,167	2,198
Common Stock	197.89	197.89	197.89	197.85	184.04
Additional Paid-In Capital	2,248	2,382	2,532	2,712	2,030
Retained Earnings	2,487	2,159	1,788	1,302	680.32
Comprehensive Income & Other	-123.4	-203.81	-164.1	-147.8	138.03
Total Common Equity	4,809	4,535	4,354	4,065	3,032
Minority Interest	62.94	65.21	56.12	51.08	313.2
Shareholders' Equity	4,872	4,600	4,410	4,116	3,346
Total Liabilities & Equity	12,371	11,465	10,034	8,283	5,543
Total Debt	337.11	410.69	642	678.99	22.56
Net Cash (Debt)	4,330	3,667	3,036	2,263	2,300
Net Cash Growth	18.10%	20.78%	34.13%	-1.61%	38.26%
Net Cash Per Share	5.48	4.64	3.85	3.02	3.14
Filing Date Shares Outstanding	791.58	791.58	791.58	791.58	736.16
Total Common Shares Outstanding	791.58	791.58	791.58	791.41	736.16
Working Capital	2,786	2,696	3,074	2,507	2,685
Book Value Per Share	6.08	5.73	5.50	5.14	4.12
Tangible Book Value	4,756	4,506	4,329	4,043	2,982
Tangible Book Value Per Share	6.01	5.69	5.47	5.11	4.05
Land	739.64	697.95	658.65	269.88	223.51
Machinery	2,807	2,723	2,639	1,805	1,733
Construction In Progress	270.39	124.58	22.04	885.71	-

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