Progressive Path Group Holdings Limited (HKG:1581)

HKG:1581 Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	30.4	28.46	27.31	17.26	16.78
Short-Term Investments	22.99	19.69	8.31	10.07	5.39
Cash & Short-Term Investments	53.39	48.14	35.62	27.33	22.17
Cash Growth	10.89%	35.17%	30.33%	23.29%	7.49%
Accounts Receivable	348.28	299.88	230.75	211.02	199.77
Other Receivables	0.56	0.02	-	0.01	1
Receivables	348.84	299.9	230.75	211.03	200.77
Prepaid Expenses	6.89	7.9	12.8	10.01	8.46
Other Current Assets	0.24	6.07	4.95	3.51	2.25
Total Current Assets	409.36	362.01	284.11	251.88	233.66
Property, Plant & Equipment	178.57	233.26	280.28	214.78	149.64
Other Long-Term Assets	2.83	2	2.72	4.4	6.44
Total Assets	590.76	597.27	567.11	471.06	389.74
Accounts Payable	73.56	84.8	49.83	37.92	38.03
Accrued Expenses	14.01	23.1	19.49	19.6	20.46
Short-Term Debt	59.31	74.79	77.65	78.84	40.6
Current Portion of Leases	36.66	58.82	68.68	41.41	39.39
Current Income Taxes Payable	-	0.18	0.06	0	0.04
Other Current Liabilities	90.78	36.59	42.38	19.28	17.39
Total Current Liabilities	274.31	278.28	258.08	197.04	155.91
Long-Term Leases	21.05	53.05	66.67	61.92	34.28
Long-Term Deferred Tax Liabilities	4.69	9.32	7.97	7.99	7.57
Total Liabilities	300.05	340.65	332.72	266.95	197.76
Common Stock	20.75	20.75	20.75	10.38	10.38
Additional Paid-In Capital	150.94	150.94	150.94	109.08	109.08
Retained Earnings	119.02	84.94	62.71	84.67	72.54
Total Common Equity	290.71	256.63	234.41	204.13	192
Minority Interest	-	-0.02	-0.02	-0.02	-0.02
Shareholders' Equity	290.71	256.61	234.39	204.11	191.98
Total Liabilities & Equity	590.76	597.27	567.11	471.06	389.74
Total Debt	117.02	186.66	213	182.16	114.27
Net Cash (Debt)	-63.63	-138.51	-177.38	-154.83	-92.1
Net Cash Per Share	-0.15	-0.33	-0.55	-0.75	-0.44
Filing Date Shares Outstanding	415	415	415	207.5	207.5
Total Common Shares Outstanding	415	415	415	207.5	207.5
Working Capital	135.05	83.72	26.03	54.84	77.74
Book Value Per Share	0.70	0.62	0.56	0.98	0.93
Tangible Book Value	290.71	256.63	234.41	204.13	192
Tangible Book Value Per Share	0.70	0.62	0.56	0.98	0.93
Land	9.69	9.69	9.69	9.69	9.69
Machinery	559.07	462.58	441.8	370.69	277.2
Leasehold Improvements	1.03	1.03	1.03	1.03	0.89
Order Backlog	647.4	-	-	-	-

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