Midland Holdings 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	999.46	711.13	532.15	450.67	1,506
Cash & Short-Term Investments	999.46	711.13	532.15	450.67	1,506
Cash Growth	40.54%	33.63%	18.08%	-70.07%	60.06%
Accounts Receivable	3,102	3,431	2,305	2,277	3,441
Other Receivables	148.5	186.12	224.98	274.49	362.5
Receivables	3,256	3,617	2,530	2,568	3,826
Other Current Assets	-	-	-	3.86	-
Total Current Assets	4,256	4,328	3,062	3,023	5,332
Property, Plant & Equipment	360.51	298.73	383.33	650.78	888.4
Long-Term Investments	26.28	20.45	12.34	15.32	43.2
Other Intangible Assets	10.11	10.11	10.11	10.11	-
Long-Term Deferred Tax Assets	22.59	25.39	69.75	72.85	11.73
Other Long-Term Assets	22.78	25.44	30.28	50.72	75.34
Total Assets	4,699	4,708	3,569	3,825	6,353
Accounts Payable	2,537	2,948	2,106	2,317	327.71
Accrued Expenses	366.81	495.27	295.17	-	3,267
Current Portion of Long-Term Debt	-	-	169.89	54.6	687
Current Portion of Leases	208.7	164.03	221.95	395.36	533.32
Current Income Taxes Payable	24.11	4.45	4.25	2.8	29.31
Total Current Liabilities	3,137	3,612	2,797	2,770	4,844
Long-Term Debt	-	-	-	173.64	-
Long-Term Leases	90.65	58.71	65	144.67	313.42
Long-Term Deferred Tax Liabilities	5.97	6.15	8.24	9.2	8.95
Other Long-Term Liabilities	61.98	37.68	41.97	44.09	-
Total Liabilities	3,295	3,715	2,912	3,141	5,167
Common Stock	71.69	71.71	71.71	71.71	71.71
Additional Paid-In Capital	222.1	222.24	222.24	222.24	222.24
Retained Earnings	1,041	627.34	299.12	339.63	838.36
Comprehensive Income & Other	68.97	72.43	64.13	50.68	53.89
Total Common Equity	1,404	993.71	657.19	684.25	1,186
Shareholders' Equity	1,404	993.71	657.19	684.25	1,186
Total Liabilities & Equity	4,699	4,708	3,569	3,825	6,353
Total Debt	299.34	222.74	456.84	768.26	1,534
Net Cash (Debt)	700.11	488.39	75.31	-317.6	-28.21
Net Cash Growth	43.35%	548.52%	-	-	-
Net Cash Per Share	0.97	0.68	0.11	-0.44	-0.04
Filing Date Shares Outstanding	716.9	717.09	717.09	717.09	717.09
Total Common Shares Outstanding	716.9	717.09	717.09	717.09	717.09
Working Capital	1,119	715.92	265.6	253.11	487.51
Book Value Per Share	1.96	1.39	0.92	0.95	1.65
Tangible Book Value	1,394	983.6	647.08	674.14	1,186
Tangible Book Value Per Share	1.94	1.37	0.90	0.94	1.65
Land	128.74	128.72	128.74	141.99	156.76
Machinery	298.59	298.66	301.94	322.26	380.9
Leasehold Improvements	136.12	133.84	139.93	169.05	261.75