Town Ray 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	103.64	75.89	187.72	148.92	144.92
Short-Term Investments	-	0.3	0.26	0.24	-
Cash & Short-Term Investments	103.64	76.2	187.98	149.16	144.92
Cash Growth	36.02%	-59.47%	26.02%	2.92%	-35.29%
Accounts Receivable	107.67	132.07	67.04	98.07	119.08
Other Receivables	1.99	9.52	3.79	8.31	3.68
Receivables	109.65	141.59	70.83	106.37	122.76
Inventory	78.22	100.13	60.1	146.62	206.73
Prepaid Expenses	18.5	17.45	5.03	8.5	27.01
Other Current Assets	0.09	0.82	0.09	0.09	0.09
Total Current Assets	310.1	336.19	324.02	410.74	501.52
Property, Plant & Equipment	197.06	201.27	148.78	165.11	87.06
Long-Term Deferred Tax Assets	2.88	3.34	2.36	1.85	1.14
Other Long-Term Assets	7.26	13.67	2.18	4.14	18.76
Total Assets	517.31	554.46	477.35	581.85	608.48
Accounts Payable	74.68	58.45	42.86	79.73	90.57
Accrued Expenses	-	29.09	26.25	29.94	27.5
Short-Term Debt	26.29	15.55	18.3	31.9	8.2
Current Portion of Long-Term Debt	-	24.43	3.09	3.85	71.94
Current Portion of Leases	17.11	16.17	12.5	12.68	13.07
Current Income Taxes Payable	1.66	1.6	8.9	5.75	3.47
Current Unearned Revenue	-	18.67	14.66	45.93	32.87
Other Current Liabilities	37.87	1.65	2.62	1.13	0.65
Total Current Liabilities	157.61	165.61	129.17	210.91	248.29
Long-Term Leases	15.96	31.58	-	12.01	22.1
Long-Term Deferred Tax Liabilities	3.99	2	3.09	8.43	5.91
Other Long-Term Liabilities	0.24	0.22	0.41	0.58	-
Total Liabilities	177.79	199.41	132.67	231.92	276.29
Common Stock	3.59	3.59	3.59	3.59	3.59
Additional Paid-In Capital	-	136.52	136.52	136.52	136.52
Retained Earnings	-	215.05	201.14	202.07	163.97
Comprehensive Income & Other	335.93	-0.12	3.43	7.75	28.11
Shareholders' Equity	339.52	355.04	344.68	349.93	332.19
Total Liabilities & Equity	517.31	554.46	477.35	581.85	608.48
Total Debt	59.36	87.73	33.89	60.44	115.32
Net Cash (Debt)	44.28	-11.53	154.09	88.71	29.61
Net Cash Growth	-	-	73.69%	199.65%	-82.77%
Net Cash Per Share	0.12	-0.03	0.43	0.25	0.08
Filing Date Shares Outstanding	359	359	359	359	359
Total Common Shares Outstanding	359	359	359	359	359
Working Capital	152.49	170.58	194.85	199.84	253.23
Book Value Per Share	0.95	0.99	0.96	0.97	0.93
Tangible Book Value	339.52	355.04	344.68	349.93	332.19
Tangible Book Value Per Share	0.95	0.99	0.96	0.97	0.93
Buildings	-	21.72	16.71	16.71	-
Machinery	-	109.21	97.18	88.67	80.39
Construction In Progress	-	0.13	-	-	-
Leasehold Improvements	-	23.85	21.16	17.95	7.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.