Kelfred Holdings 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	29.59	27.81	20.33	46.4	36.93	76.38
Cash & Short-Term Investments	29.59	27.81	20.33	46.4	36.93	76.38
Cash Growth	58.71%	36.78%	-56.18%	25.65%	-51.65%	-8.76%
Accounts Receivable	99.84	116.78	109.07	95.77	101.35	94.65
Other Receivables	-	6.79	4.65	5.93	6.27	6.38
Receivables	99.84	123.57	113.72	101.7	107.62	101.02
Inventory	70.15	85.81	74.76	71.18	80.74	59.73
Prepaid Expenses	7.81	0.91	0.8	1.06	0.93	0.74
Other Current Assets	-	1.08	3.05	1.5	6.13	7.24
Total Current Assets	207.4	239.18	212.67	221.85	232.35	245.12
Property, Plant & Equipment	36.75	42.43	49.6	29.38	35	41.47
Long-Term Investments	-	-	-	0.11	-	-
Long-Term Deferred Tax Assets	0.62	0.6	0.51	-	-	-
Other Long-Term Assets	0.8	0.72	1.23	0.56	0.78	0.58
Total Assets	245.56	282.93	264	251.9	268.13	287.17
Accounts Payable	64.33	91.17	44.18	39.98	52.67	66.67
Accrued Expenses	-	19.47	16.78	20.27	19.7	16.14
Short-Term Debt	-	-	-	-	-	8
Current Portion of Leases	3.32	3.38	2.75	1.22	2.55	2.94
Current Income Taxes Payable	0.22	-	0.29	0.32	0.25	0.27
Current Unearned Revenue	0.93	1.21	1.31	1.52	2.29	4.11
Other Current Liabilities	14.62	2.07	2.84	1.04	2.69	1.08
Total Current Liabilities	83.41	117.31	68.14	64.34	80.15	99.2
Long-Term Leases	5.76	9.19	12.47	0.79	1.45	2.56
Long-Term Deferred Tax Liabilities	-	-	0.2	0.2	0.2	0.2
Total Liabilities	89.18	126.49	80.81	65.32	81.8	101.95
Common Stock	5	5	5	5	5	5
Additional Paid-In Capital	88.51	88.51	88.51	88.51	88.51	88.51
Retained Earnings	0.31	5.03	26.66	25.15	15.97	18.11
Comprehensive Income & Other	62.56	57.89	63.02	67.91	76.85	73.6
Total Common Equity	156.38	156.43	183.19	186.57	186.33	185.22
Shareholders' Equity	156.38	156.43	183.19	186.57	186.33	185.22
Total Liabilities & Equity	245.56	282.93	264	251.9	268.13	287.17
Total Debt	9.08	12.56	15.22	2.01	4	13.49
Net Cash (Debt)	20.51	15.25	5.12	44.4	32.93	62.89
Net Cash Growth	370.73%	198.18%	-88.48%	34.83%	-47.65%	1.08%
Net Cash Per Share	0.04	0.03	0.01	0.09	0.07	0.13
Filing Date Shares Outstanding	500	500	500	500	500	500
Total Common Shares Outstanding	500	500	500	500	500	500
Working Capital	123.98	121.87	144.53	157.51	152.2	145.93
Book Value Per Share	0.31	0.31	0.37	0.37	0.37	0.37
Tangible Book Value	156.38	156.43	183.19	186.57	186.33	185.22
Tangible Book Value Per Share	0.31	0.31	0.37	0.37	0.37	0.37
Buildings	-	11.05	11.43	11.76	12.76	12.42
Machinery	-	61.84	61.34	56.24	57.25	52.47
Leasehold Improvements	-	19.77	19.53	16.29	16.63	15.92

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