VSTECS 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	4,910	3,948	3,325	3,829	3,247
Short-Term Investments	-	38	38	16	16
Trading Asset Securities	-	797.88	771.56	1,034	862.13
Cash & Short-Term Investments	4,910	4,784	4,135	4,879	4,126
Cash Growth	2.64%	15.70%	-15.25%	18.25%	-6.39%
Accounts Receivable	21,081	17,471	14,646	13,071	14,700
Other Receivables	-	2,009	2,178	1,260	1,529
Receivables	21,081	19,480	16,823	14,331	16,229
Inventory	11,582	11,190	11,309	10,072	9,337
Other Current Assets	2,981	657.87	618.55	3,360	263.92
Total Current Assets	40,553	36,111	32,885	32,642	29,955
Property, Plant & Equipment	996.42	978.01	909.42	917.52	680.4
Long-Term Investments	718.65	603.2	723.51	684.3	1,000
Goodwill	-	326.41	334.1	330.95	329.2
Other Intangible Assets	357.36	19.55	20.56	25.09	28.87
Long-Term Deferred Tax Assets	189.04	158.89	146.13	166.05	182.67
Long-Term Deferred Charges	-	-	-	0.99	0.05
Other Long-Term Assets	205.21	190.72	1.56	-	-
Total Assets	43,020	38,388	35,020	34,767	32,176
Accounts Payable	20,285	16,920	15,562	13,127	15,224
Short-Term Debt	-	-	-	2.9	269.54
Current Portion of Long-Term Debt	7,406	7,864	8,104	6,972	4,727
Current Portion of Leases	178.35	157.92	129.38	107.84	102.53
Current Income Taxes Payable	117.59	100.73	132.16	148.19	123.95
Current Unearned Revenue	950.37	570.71	559.14	449.34	707.98
Other Current Liabilities	1,973	2,213	2,069	4,698	1,375
Total Current Liabilities	30,911	27,826	26,556	25,505	22,530
Long-Term Debt	1,389	1,380	-	1,447	1,543
Long-Term Leases	266.1	277.14	209.01	117.41	147
Long-Term Unearned Revenue	8.31	2.75	1.18	2.38	0.86
Long-Term Deferred Tax Liabilities	30.36	30.52	31.21	36.32	44.57
Total Liabilities	32,604	29,516	26,798	27,109	24,265
Common Stock	143.65	143.65	143.69	145.09	145.52
Additional Paid-In Capital	-	883.19	883.19	883.19	883.19
Retained Earnings	-	8,553	7,873	7,254	6,846
Comprehensive Income & Other	9,995	-940.61	-676.81	-624.16	37
Total Common Equity	10,139	8,640	8,223	7,658	7,911
Minority Interest	276.85	231.94	-	-	-
Shareholders' Equity	10,416	8,872	8,223	7,658	7,911
Total Liabilities & Equity	43,020	38,388	35,020	34,767	32,176
Total Debt	9,240	9,679	8,442	8,648	6,789
Net Cash (Debt)	-4,330	-4,895	-4,308	-3,769	-2,663
Net Cash Per Share	-3.12	-3.52	-3.07	-2.66	-1.88
Filing Date Shares Outstanding	1,386	1,432	1,437	1,451	1,455
Total Common Shares Outstanding	1,386	1,432	1,437	1,451	1,455
Working Capital	9,643	8,286	6,329	7,136	7,425
Book Value Per Share	7.32	6.03	5.72	5.28	5.44
Tangible Book Value	9,781	8,294	7,868	7,302	7,553
Tangible Book Value Per Share	7.06	5.79	5.48	5.03	5.19
Buildings	-	829.42	446.1	773.08	463.15
Machinery	-	171.85	148.24	150.72	136.79
Construction In Progress	-	0.06	319.04	0.06	0.72

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.