Quali-Smart Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	20.74	25.56	57.54	61.95	29.38	48.21
Short-Term Investments	23.45	59.5	21.62	1.14	1.27	19.53
Cash & Short-Term Investments	44.19	85.06	79.16	63.09	30.65	67.74
Cash Growth	-37.41%	7.46%	25.46%	105.86%	-54.76%	8.68%
Accounts Receivable	16.06	2.36	24.95	38.35	88.03	62.77
Other Receivables	0.35	3.62	0.07	0.04	4.68	0.04
Receivables	16.41	5.98	25.02	38.4	92.71	62.82
Inventory	2.59	3.27	16.43	51.73	82.83	84.98
Prepaid Expenses	0.98	1.16	1.13	1.48	1.57	1.67
Other Current Assets	-	63.27	49.03	28.47	75.71	73.13
Total Current Assets	64.17	158.73	170.77	183.16	283.46	290.34
Property, Plant & Equipment	3.45	5.52	5.21	13.88	8.03	9.27
Goodwill	-	-	-	45.51	81.67	130.18
Other Intangible Assets	-	-	-	0.57	0.57	0.57
Other Long-Term Assets	0.04	0.4	0.57	0.76	7.78	8.48
Total Assets	67.65	164.65	176.55	243.88	381.51	438.84
Accounts Payable	11.62	2.86	14.95	26.29	103.26	81.45
Accrued Expenses	1.06	2.79	2.98	3.13	3.2	2.98
Short-Term Debt	-	-	-	-	41.01	25
Current Portion of Long-Term Debt	7.99	-	-	39.04	-	-
Current Portion of Leases	3.41	3.8	1.72	4.51	2.09	5.4
Current Income Taxes Payable	-	-	-	-	-	0.37
Other Current Liabilities	-	76.59	63.02	29.52	1.53	2.37
Total Current Liabilities	24.09	86.04	82.68	102.47	151.08	117.57
Long-Term Debt	16	38.3	37.14	-	31.6	26
Long-Term Leases	-	1.46	-	1.72	-	2.08
Long-Term Deferred Tax Liabilities	-	0.18	0.18	0.18	0.11	0.11
Other Long-Term Liabilities	0.11	0.39	0.39	13.04	-	-
Total Liabilities	40.2	126.36	120.38	117.41	182.8	145.76
Common Stock	0.29	0.29	0.29	0.29	0.29	0.29
Additional Paid-In Capital	418.77	418.77	418.77	418.77	418.77	418.77
Retained Earnings	-404.01	-412.56	-395.11	-339.81	-296.92	-202.84
Comprehensive Income & Other	12.41	31.75	32.16	47.14	76.58	76.86
Total Common Equity	27.46	38.24	56.11	126.39	198.71	293.08
Minority Interest	-	0.06	0.06	0.08	-	-
Shareholders' Equity	27.46	38.3	56.17	126.46	198.71	293.08
Total Liabilities & Equity	67.65	164.65	176.55	243.88	381.51	438.84
Total Debt	27.41	43.55	38.86	45.26	74.7	58.48
Net Cash (Debt)	16.79	41.51	40.3	17.83	-44.05	9.27
Net Cash Growth	-35.10%	3.01%	126.00%	-	-	-
Net Cash Per Share	0.01	0.03	0.03	0.01	-0.03	0.01
Filing Date Shares Outstanding	1,474	1,474	1,474	1,474	1,474	1,474
Total Common Shares Outstanding	1,474	1,474	1,474	1,474	1,474	1,474
Working Capital	40.08	72.69	88.09	80.69	132.38	172.78
Book Value Per Share	0.02	0.03	0.04	0.09	0.13	0.20
Tangible Book Value	27.46	38.24	56.11	80.31	116.47	162.33
Tangible Book Value Per Share	0.02	0.03	0.04	0.05	0.08	0.11
Machinery	-	19.44	28.58	28.39	33.98	31.27
Leasehold Improvements	-	3.88	3.88	3.88	7.55	4.09

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