IPE Group 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	434.8	515.16	674.4	729.06	840.38
Short-Term Investments	31.61	16.37	26.74	27.1	21.17
Trading Asset Securities	33.98	30.83	16.9	17.51	10.19
Cash & Short-Term Investments	500.39	562.36	718.04	773.67	871.75
Cash Growth	-11.02%	-21.68%	-7.19%	-11.25%	-7.48%
Accounts Receivable	478.72	395.47	341.02	301.36	304.4
Other Receivables	34.25	20.91	20.15	13.08	21.11
Receivables	512.96	416.38	361.16	314.44	325.52
Inventory	370.34	318.92	330.5	325.57	316
Other Current Assets	54.35	57.91	54.67	48.26	12.55
Total Current Assets	1,438	1,356	1,464	1,462	1,526
Property, Plant & Equipment	877.45	847.37	794.19	698.03	730.04
Long-Term Investments	1.08	1.02	1.75	2.9	3.73
Goodwill	70.03	66.73	69.21	10.2	11.62
Other Intangible Assets	48.07	55.62	68.36	4.29	6.46
Long-Term Deferred Tax Assets	17.75	14.18	16.56	22.72	24.71
Other Long-Term Assets	136.63	129.83	132.39	136.4	153.99
Total Assets	2,589	2,470	2,547	2,336	2,456
Accounts Payable	150	105.16	102.35	101.11	108.29
Accrued Expenses	47.39	38.04	45.42	35.67	29.88
Current Portion of Long-Term Debt	84.17	287.95	71.15	45.85	150.8
Current Portion of Leases	1.05	0.96	2.07	1.03	0.25
Current Income Taxes Payable	6.94	5.27	11.39	15.59	21.69
Current Unearned Revenue	10.68	8.02	0.43	0.7	6.66
Other Current Liabilities	69.44	38.65	194.54	49.14	44.93
Total Current Liabilities	369.66	484.05	427.36	249.08	362.51
Long-Term Debt	107.79	3.82	114.4	150	-
Long-Term Leases	0.27	1.74	3.47	1.9	-
Long-Term Unearned Revenue	4.5	0.43	0.83	1.29	2.04
Long-Term Deferred Tax Liabilities	29.46	30.06	34.22	19.38	28.28
Other Long-Term Liabilities	3.29	2.31	2.36	2.75	2.24
Total Liabilities	514.97	522.4	582.64	424.4	395.06
Common Stock	105.23	105.23	105.23	105.23	105.23
Additional Paid-In Capital	-	488.08	488.08	488.08	488.08
Retained Earnings	-	1,140	1,129	1,124	1,115
Comprehensive Income & Other	1,791	61.14	110.37	123.42	298.04
Total Common Equity	1,897	1,794	1,833	1,840	2,006
Minority Interest	177.37	153.52	131.16	71.67	54.95
Shareholders' Equity	2,074	1,948	1,964	1,912	2,061
Total Liabilities & Equity	2,589	2,470	2,547	2,336	2,456
Total Debt	193.28	294.46	191.08	198.78	151.05
Net Cash (Debt)	307.11	267.9	526.96	574.89	720.7
Net Cash Growth	14.64%	-49.16%	-8.34%	-20.23%	-2.10%
Net Cash Per Share	0.29	0.25	0.50	0.55	0.68
Filing Date Shares Outstanding	1,052	1,052	1,052	1,052	1,052
Total Common Shares Outstanding	1,052	1,052	1,052	1,052	1,052
Working Capital	1,068	871.51	1,037	1,213	1,163
Book Value Per Share	1.80	1.71	1.74	1.75	1.91
Tangible Book Value	1,779	1,672	1,695	1,826	1,988
Tangible Book Value Per Share	1.69	1.59	1.61	1.74	1.89
Land	964.79	898.72	804.74	4.34	4.5
Buildings	-	-	-	743.92	772.93
Machinery	1,806	1,675	1,706	1,680	1,804
Construction In Progress	6.26	14.37	35.34	10.64	7.46
Leasehold Improvements	26.38	20.08	17.37	17.6	20.36

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