Sky Blue 11 Company 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	29.39	28.5	69.11	104.33	86.17
Short-Term Investments	5.5	6.77	3.18	0.88	1.62
Trading Asset Securities	-	-	0.07	0.07	0.07
Cash & Short-Term Investments	34.89	35.27	72.35	105.27	87.86
Cash Growth	-1.07%	-51.26%	-31.27%	19.83%	167.58%
Accounts Receivable	26.26	30.52	93.85	141.47	36.49
Other Receivables	-	-	0.15	0.16	0.17
Receivables	26.26	30.52	94	141.63	36.66
Inventory	85.45	84.39	149.43	174.01	1.35
Prepaid Expenses	43.19	41.98	4.42	2.25	126.03
Total Current Assets	189.78	192.16	320.21	423.16	251.89
Property, Plant & Equipment	1.54	2.13	6.81	3.73	3.74
Long-Term Investments	5.47	5.47	4.36	3.9	8.42
Long-Term Deferred Tax Assets	0.46	0.45	0.35	0.61	0.67
Other Long-Term Assets	8.02	27.39	29.95	30.56	30.33
Total Assets	205.28	227.59	361.68	461.96	295.04
Accounts Payable	99.95	99.95	101.09	66.4	19.82
Accrued Expenses	9.2	10.33	5.81	9.94	9.29
Short-Term Debt	143.29	124.72	-	-	194.33
Current Portion of Leases	0.53	0.56	3.5	0.76	0.07
Current Income Taxes Payable	8.93	9.76	8.42	6.39	2.4
Current Unearned Revenue	0.08	0.78	0.85	92.03	3.47
Other Current Liabilities	110.63	108.83	243.01	238.39	3.12
Total Current Liabilities	372.61	354.92	362.67	413.91	232.49
Long-Term Leases	-	0.66	1.99	0.88	-
Total Liabilities	372.61	355.58	364.66	414.79	232.49
Common Stock	44.43	44.43	37.03	37.03	37.03
Additional Paid-In Capital	-	155.29	122.47	122.47	122.47
Retained Earnings	-351.14	-307.97	-142.86	-96.41	-94.18
Comprehensive Income & Other	139.38	-19.73	-19.61	-15.92	-2.77
Total Common Equity	-167.32	-127.99	-2.98	47.17	62.55
Shareholders' Equity	-167.32	-127.99	-2.98	47.17	62.55
Total Liabilities & Equity	205.28	227.59	361.68	461.96	295.04
Total Debt	143.82	125.93	5.49	1.65	194.4
Net Cash (Debt)	-108.93	-90.67	66.87	103.63	-106.55
Net Cash Growth	-	-	-35.47%	-	-
Net Cash Per Share	-0.25	-0.21	0.18	0.28	-0.29
Filing Date Shares Outstanding	444.29	444.29	370.25	370.25	370.25
Total Common Shares Outstanding	444.29	444.29	370.25	370.25	370.25
Working Capital	-182.82	-162.76	-42.46	9.25	19.4
Book Value Per Share	-0.38	-0.29	-0.01	0.13	0.17
Tangible Book Value	-167.32	-127.99	-2.98	47.17	62.55
Tangible Book Value Per Share	-0.38	-0.29	-0.01	0.13	0.17
Machinery	-	9.11	11.18	11.45	12.81
Leasehold Improvements	-	0.07	0.1	0.1	0.1

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