Sky Blue 11 Company Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	26.98	28.5	69.11	104.33	86.17	28.03
Short-Term Investments	5.43	6.77	3.18	0.88	1.62	4.65
Trading Asset Securities	-	-	0.07	0.07	0.07	0.15
Cash & Short-Term Investments	32.41	35.27	72.35	105.27	87.86	32.83
Cash Growth	-52.17%	-51.26%	-31.27%	19.83%	167.58%	132.94%
Accounts Receivable	30.76	30.52	93.85	141.47	36.49	26.79
Other Receivables	-	-	0.15	0.16	0.17	0.17
Receivables	30.76	30.52	94	141.63	36.66	33.44
Inventory	85.32	84.39	149.43	174.01	1.35	4.04
Prepaid Expenses	42.43	41.98	4.42	2.25	126.03	7.96
Total Current Assets	190.91	192.16	320.21	423.16	251.89	78.28
Property, Plant & Equipment	2.03	2.13	6.81	3.73	3.74	7.84
Long-Term Investments	5.47	5.47	4.36	3.9	8.42	40.27
Long-Term Deferred Tax Assets	0.45	0.45	0.35	0.61	0.67	0.65
Other Long-Term Assets	8.8	27.39	29.95	30.56	30.33	30.54
Total Assets	207.65	227.59	361.68	461.96	295.04	157.57
Accounts Payable	99.95	99.95	101.09	66.4	19.82	23.23
Accrued Expenses	8.83	10.33	5.81	9.94	9.29	5.06
Short-Term Debt	135.87	124.72	-	-	194.33	-
Current Portion of Leases	0.67	0.56	3.5	0.76	0.07	5.62
Current Income Taxes Payable	8.94	9.76	8.42	6.39	2.4	1.95
Current Unearned Revenue	0.18	0.78	0.85	92.03	3.47	1.72
Other Current Liabilities	109.53	108.83	243.01	238.39	3.12	12.64
Total Current Liabilities	363.97	354.92	362.67	413.91	232.49	50.22
Long-Term Leases	0.5	0.66	1.99	0.88	-	0.07
Total Liabilities	364.46	355.58	364.66	414.79	232.49	50.28
Common Stock	44.43	44.43	37.03	37.03	37.03	37.03
Additional Paid-In Capital	-	155.29	122.47	122.47	122.47	122.47
Retained Earnings	-338.88	-307.97	-142.86	-96.41	-94.18	-41.34
Comprehensive Income & Other	137.64	-19.73	-19.61	-15.92	-2.77	-10.87
Total Common Equity	-156.81	-127.99	-2.98	47.17	62.55	107.29
Shareholders' Equity	-156.81	-127.99	-2.98	47.17	62.55	107.29
Total Liabilities & Equity	207.65	227.59	361.68	461.96	295.04	157.57
Total Debt	137.04	125.93	5.49	1.65	194.4	5.69
Net Cash (Debt)	-104.64	-90.67	66.87	103.63	-106.55	27.15
Net Cash Growth	-	-	-35.47%	-	-	-
Net Cash Per Share	-0.24	-0.21	0.18	0.28	-0.29	0.08
Filing Date Shares Outstanding	444.29	444.29	370.25	370.25	370.25	370.25
Total Common Shares Outstanding	444.29	444.29	370.25	370.25	370.25	370.25
Working Capital	-173.06	-162.76	-42.46	9.25	19.4	28.06
Book Value Per Share	-0.35	-0.29	-0.01	0.13	0.17	0.29
Tangible Book Value	-156.81	-127.99	-2.98	47.17	62.55	107.29
Tangible Book Value Per Share	-0.35	-0.29	-0.01	0.13	0.17	0.29
Machinery	-	9.11	11.18	11.45	12.81	10.61
Leasehold Improvements	-	0.07	0.1	0.1	0.1	0.1

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