VSTECS Holdings Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	4,260	4,910	3,948	3,325	3,829	3,247
Short-Term Investments	-	-	38	38	16	16
Trading Asset Securities	-	941.45	797.88	771.56	1,034	862.13
Cash & Short-Term Investments	4,260	5,852	4,784	4,135	4,879	4,126
Cash Growth	-31.20%	22.32%	15.70%	-15.25%	18.25%	-6.39%
Accounts Receivable	22,187	18,509	17,471	14,646	13,071	14,700
Other Receivables	-	2,552	1,992	2,178	1,260	1,529
Receivables	22,187	21,061	19,463	16,823	14,331	16,229
Inventory	16,640	11,582	11,190	11,309	10,072	9,337
Other Current Assets	4,953	2,059	674.92	618.55	3,360	263.92
Total Current Assets	48,040	40,553	36,111	32,885	32,642	29,955
Property, Plant & Equipment	982.33	996.42	978.01	909.42	917.52	680.4
Long-Term Investments	757.48	718.65	603.2	723.51	684.3	1,000
Goodwill	-	338.99	326.41	334.1	330.95	329.2
Other Intangible Assets	357.82	18.37	19.55	20.56	25.09	28.87
Long-Term Deferred Tax Assets	211.6	189.04	158.89	146.13	166.05	182.67
Long-Term Deferred Charges	-	-	-	-	0.99	0.05
Other Long-Term Assets	196.77	205.21	190.72	1.56	-	-
Total Assets	50,546	43,020	38,388	35,020	34,767	32,176

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	20,650	18,619	16,920	15,562	13,127	15,224
Short-Term Debt	11,806	-	-	-	2.9	269.54
Current Portion of Long-Term Debt	-	7,406	7,864	8,104	6,972	4,727
Current Portion of Leases	186.5	178.35	157.92	129.38	107.84	102.53
Current Income Taxes Payable	183.56	117.59	100.73	132.16	148.19	123.95
Current Unearned Revenue	783.32	950.37	570.71	559.14	449.34	707.98
Other Current Liabilities	4,405	3,639	2,213	2,069	4,698	1,375
Total Current Liabilities	38,014	30,911	27,826	26,556	25,505	22,530
Long-Term Debt	1,370	1,389	1,380	-	1,447	1,543
Long-Term Leases	233.13	266.1	277.14	209.01	117.41	147
Long-Term Unearned Revenue	0.46	8.31	2.75	1.18	2.38	0.86
Long-Term Deferred Tax Liabilities	42.32	30.36	30.52	31.21	36.32	44.57
Total Liabilities	39,660	32,604	29,516	26,798	27,109	24,265

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	143.65	143.65	143.65	143.69	145.09	145.52
Additional Paid-In Capital	-	883.19	883.19	883.19	883.19	883.19
Retained Earnings	-	9,530	8,553	7,873	7,254	6,846
Comprehensive Income & Other	10,434	-418.34	-940.61	-676.81	-624.16	37
Total Common Equity	10,578	10,139	8,640	8,223	7,658	7,911
Minority Interest	308.33	276.85	231.94	-	-	-
Shareholders' Equity	10,886	10,416	8,872	8,223	7,658	7,911
Total Liabilities & Equity	50,546	43,020	38,388	35,020	34,767	32,176

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	13,596	9,240	9,679	8,442	8,648	6,789
Net Cash (Debt)	-9,336	-3,388	-4,895	-4,308	-3,769	-2,663
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.73	-2.44	-3.52	-3.07	-2.66	-1.88
Filing Date Shares Outstanding	1,387	1,434	1,432	1,437	1,451	1,455
Total Common Shares Outstanding	1,387	1,434	1,432	1,437	1,451	1,455
Working Capital	10,026	9,643	8,286	6,329	7,136	7,425
Book Value Per Share	7.62	7.07	6.03	5.72	5.28	5.44
Tangible Book Value	10,220	9,781	8,294	7,868	7,302	7,553
Tangible Book Value Per Share	7.37	6.82	5.79	5.48	5.03	5.19
Buildings	-	847.75	829.42	446.1	773.08	463.15
Machinery	-	204	171.85	148.24	150.72	136.79
Construction In Progress	-	0.03	0.06	319.04	0.06	0.72