Macau E&M Holding Balance Sheet

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

Millions MOP. 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	51.71	99.93	114.73	19.73	49.64	90.83
Short-Term Investments	98.88	41.79	27.12	111.48	124.78	62.82
Cash & Short-Term Investments	150.59	141.72	141.85	131.21	174.42	153.65
Cash Growth	15.78%	-0.09%	8.11%	-24.77%	13.52%	282.21%
Accounts Receivable	35.75	55.13	77.07	82.69	79.04	90.68
Other Receivables	0.79	1.03	0.59	0.89	1.16	0.24
Receivables	36.54	56.16	77.66	83.57	80.2	90.92
Prepaid Expenses	3.14	3.36	1.9	5.25	2.57	0.51
Other Current Assets	0.04	0.04	0.04	1.62	1.87	-
Total Current Assets	190.31	201.28	221.45	221.65	259.06	245.07
Property, Plant & Equipment	36.51	37.04	38.23	37.27	2.09	1.94
Other Long-Term Assets	-	0.1	-	0.96	13.79	13.84
Total Assets	226.82	238.42	259.67	259.87	274.94	260.85
Accounts Payable	1.65	5.72	15.73	9.86	4.06	19.5
Accrued Expenses	2.38	1.78	3.64	7.91	6.91	7.06
Current Portion of Long-Term Debt	0.65	0.55	0.52	0.51	-	-
Current Portion of Leases	0.05	0.05	0.1	0.6	0.66	1.02
Current Income Taxes Payable	0.06	0.03	0.03	1.01	3.19	5.6
Current Unearned Revenue	4	0.99	2.31	-	0.4	11.18
Other Current Liabilities	3.84	14.56	19.52	12.17	22.62	6
Total Current Liabilities	12.63	23.68	41.85	32.06	37.84	50.36
Long-Term Debt	11.37	11.76	12.3	12.81	-	-
Long-Term Leases	0.04	0.02	0.08	0.23	0.69	0.31
Total Liabilities	24.03	35.46	54.23	45.1	38.53	50.67
Common Stock	5.15	5.15	5.15	5.15	5.15	5.15
Additional Paid-In Capital	111.49	111.49	111.49	111.49	111.49	111.49
Retained Earnings	121.66	121.83	124.32	133.65	155.28	129.04
Comprehensive Income & Other	-35.51	-35.51	-35.51	-35.51	-35.51	-35.51
Shareholders' Equity	202.79	202.96	205.45	214.78	236.41	210.17
Total Liabilities & Equity	226.82	238.42	259.67	259.87	274.94	260.85
Total Debt	12.1	12.38	13	14.15	1.35	1.33
Net Cash (Debt)	138.48	129.34	128.85	117.06	173.07	152.32
Net Cash Growth	17.99%	0.38%	10.07%	-32.36%	13.63%	291.57%
Net Cash Per Share	0.28	0.26	0.26	0.23	0.35	0.36
Filing Date Shares Outstanding	500	500	500	500	500	500
Total Common Shares Outstanding	500	500	500	500	500	500
Working Capital	177.69	177.59	179.6	189.59	221.22	194.71
Book Value Per Share	0.41	0.41	0.41	0.43	0.47	0.42
Tangible Book Value	202.79	202.96	205.45	214.78	236.41	210.17
Tangible Book Value Per Share	0.41	0.41	0.41	0.43	0.47	0.42
Buildings	-	35.75	35.75	35.75	-	-
Machinery	-	0.57	0.87	0.98	0.95	0.81
Leasehold Improvements	-	3.21	3.21	1.98	1.43	1.43

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.