Milan Station Holdings Limited (HKG:1150)

Milan Station Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	9.01	8.06	11.25	10.34	18.48	28.55
Short-Term Investments	-	2.65	3.67	4.53	6.95	8.04
Trading Asset Securities	65.58	57.36	35.01	22.76	20.06	36.16
Cash & Short-Term Investments	74.59	68.07	49.93	37.63	45.49	72.76
Cash Growth	78.95%	36.32%	32.71%	-17.28%	-37.48%	-11.56%
Accounts Receivable	0.51	7.34	2.18	1.84	5.73	4.78
Other Receivables	0.05	0.06	0.09	3.53	7.77	1.08
Receivables	1.1	10.26	5.93	11.13	26.25	18.94
Inventory	21.32	22.53	37.76	47.5	44.5	49.76
Prepaid Expenses	5.29	1.15	2.5	4.87	1.06	1.37
Total Current Assets	102.3	102.01	96.12	101.13	117.29	142.82
Property, Plant & Equipment	6.29	8.11	5.17	15.01	20.22	27.56
Other Long-Term Assets	1.06	2.19	2.41	1.69	3.08	2.56
Total Assets	109.65	112.3	103.7	117.83	140.58	172.94

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.19	0.6	1.99	1.45	0.47	1.42
Accrued Expenses	8.12	7.64	7.81	6.49	7.15	8.7
Short-Term Debt	2.18	2.1	-	-	-	-
Current Portion of Long-Term Debt	8.32	8.08	-	-	-	-
Current Portion of Leases	4.6	5.89	7.05	7.48	8.67	12.27
Current Income Taxes Payable	0.28	0.28	0.28	0.28	0.48	0.54
Current Unearned Revenue	0.03	0.16	0.01	0.06	0.3	2.3
Other Current Liabilities	1.11	1.09	2.33	4	3.27	6.56
Total Current Liabilities	26.83	25.84	19.46	19.76	20.34	31.78
Long-Term Debt	9.26	8.8	7.13	6.98	-	-
Long-Term Leases	2.22	4.16	4.6	5.99	7.27	6.21
Other Long-Term Liabilities	0.3	0.3	0.27	0.27	0.25	0.25
Total Liabilities	38.6	39.1	31.46	33.01	27.86	38.24

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	42.28	42.28	42.28	35.23	35.23	28.48
Additional Paid-In Capital	271.74	271.74	271.74	265.05	265.05	251.86
Retained Earnings	-219.2	-217.04	-218.54	-198.23	-170.35	-128.89
Comprehensive Income & Other	-23.77	-23.77	-23.25	-17.23	-17.21	-17.62
Total Common Equity	71.05	73.21	72.24	84.82	112.72	133.83
Minority Interest	-	-	-	-	-	0.88
Shareholders' Equity	71.05	73.21	72.24	84.82	112.72	134.7
Total Liabilities & Equity	109.65	112.3	103.7	117.83	140.58	172.94

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	26.56	29.03	18.78	20.45	15.95	18.48
Net Cash (Debt)	48.03	39.04	31.15	17.17	29.54	54.28
Net Cash Growth	124.17%	25.32%	81.42%	-41.87%	-45.58%	-10.77%
Net Cash Per Share	0.05	0.04	0.03	0.02	0.04	0.08
Filing Date Shares Outstanding	1,057	1,057	1,057	880.79	880.79	711.93
Total Common Shares Outstanding	1,057	1,057	1,057	880.79	880.79	711.93
Working Capital	75.48	76.17	76.65	81.37	96.95	111.04
Book Value Per Share	0.07	0.07	0.07	0.10	0.13	0.19
Tangible Book Value	71.05	73.21	72.24	84.82	112.72	133.83
Tangible Book Value Per Share	0.07	0.07	0.07	0.10	0.13	0.19
Machinery	-	19.43	17.7	17.7	17.59	20.02
Leasehold Improvements	-	4.48	7.31	7.07	17.58	24.46

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 11, 2026

Data Sources Report a data error