Tesson 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	1.22	9.55	2.6	6.25	12.64	15.11
Trading Asset Securities	0.02	0.03	0.05	0.1	0.05	0.09
Cash & Short-Term Investments	1.24	9.58	2.65	6.36	12.7	15.2
Cash Growth	-74.44%	261.82%	-58.34%	-49.94%	-16.44%	-57.23%
Accounts Receivable	10.05	16.05	28.75	12.78	37.16	96.06
Other Receivables	242.43	217.51	231.69	253.84	765.45	398.6
Receivables	252.48	233.55	260.44	266.62	802.61	494.67
Inventory	1.84	2.2	40.5	36.6	1,036	1,597
Prepaid Expenses	-	22.23	30.85	33.84	43.42	28.41
Restricted Cash	-	-	-	-	-	52.66
Other Current Assets	-	-	-	-	40.3	-
Total Current Assets	255.56	267.56	334.44	343.41	1,935	2,188
Property, Plant & Equipment	136.26	152.6	263.96	351.36	397.38	542.39
Long-Term Investments	-	-	-	-	-	10
Goodwill	-	-	-	-	119.26	220.41
Other Long-Term Assets	-	-	0.64	2.08	76.94	33.07
Total Assets	391.82	420.16	599.03	696.85	2,528	2,994
Accounts Payable	60.34	58.64	77.8	40.3	82.93	91.95
Accrued Expenses	103.76	104.64	114.91	108.58	117.3	77.01
Short-Term Debt	22.97	30.97	48.11	52.79	207.52	251.08
Current Portion of Leases	0.36	1.81	3.68	4.15	7.89	5.14
Current Income Taxes Payable	-	-	-	-	122.26	120.97
Current Unearned Revenue	0.53	0.42	3.54	5.34	1,002	938.91
Other Current Liabilities	115.03	106	113.09	130.13	136.5	171.59
Total Current Liabilities	302.99	302.47	361.13	341.29	1,677	1,657
Long-Term Leases	0.06	0.25	1.51	5.34	14.61	15.59
Long-Term Deferred Tax Liabilities	4.66	4.53	8.87	9.66	46.58	81.18
Total Liabilities	307.72	307.24	371.51	356.29	1,738	1,753
Common Stock	21.97	21.97	148.35	148.35	123.65	119.65
Additional Paid-In Capital	822.46	822.46	824.14	824.14	838.41	826.77
Retained Earnings	-538.71	-515.39	-570.21	-463.66	-222.95	72.85
Comprehensive Income & Other	3.24	4.94	15.75	19.95	25.47	30.71
Total Common Equity	308.95	333.98	418.03	528.78	764.59	1,050
Minority Interest	-224.85	-221.07	-190.51	-188.21	26.02	190.41
Shareholders' Equity	84.11	112.92	227.52	340.57	790.6	1,240
Total Liabilities & Equity	391.82	420.16	599.03	696.85	2,528	2,994
Total Debt	23.39	33.02	53.31	62.28	230.02	271.82
Net Cash (Debt)	-22.15	-23.44	-50.66	-55.92	-217.32	-256.62
Net Cash Per Share	-0.10	-0.11	-0.34	-0.44	-1.79	-2.14
Filing Date Shares Outstanding	219.69	219.69	207.69	148.35	123.65	119.65
Total Common Shares Outstanding	219.69	219.69	148.35	148.35	123.65	119.65
Working Capital	-47.43	-34.9	-26.69	2.12	258.22	531.29
Book Value Per Share	1.41	1.52	2.82	3.56	6.18	8.78
Tangible Book Value	308.95	333.98	418.03	528.78	645.33	829.57
Tangible Book Value Per Share	1.41	1.52	2.82	3.56	5.22	6.93
Buildings	-	-	-	-	-	57.42
Machinery	-	45.8	127.98	187.76	333.67	339.16
Construction In Progress	-	41.59	43.05	43.43	32.51	41.84
Leasehold Improvements	-	10.2	32.44	42.13	63.33	49.82

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