Ernest Borel 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	12.46	10.23	5.91	6.27	7.59	18.4
Short-Term Investments	1.05	1.78	2.41	1.52	1.77	2.02
Trading Asset Securities	13.09	24.72	32.41	-	-	-
Cash & Short-Term Investments	26.6	36.72	40.74	7.8	9.36	20.42
Cash Growth	143.09%	-9.85%	422.58%	-16.68%	-54.19%	-6.13%
Accounts Receivable	117.11	134.97	125.43	77.92	35.8	44.04
Other Receivables	8.08	3.32	3.36	3.83	4.22	4.34
Receivables	125.2	138.28	128.78	81.75	40.02	48.37
Inventory	304.41	288.12	324.78	322.28	372.68	359.61
Prepaid Expenses	4.38	2.47	2.01	5.65	5.03	3.65
Other Current Assets	-	-	5	6.5	-	1.35
Total Current Assets	460.58	465.6	501.31	423.97	427.08	433.41
Property, Plant & Equipment	39.53	43.65	57.11	23.09	39.42	40.33
Goodwill	-	-	27.93	-	-	-
Other Intangible Assets	32.67	36.8	59.39	-	-	-
Long-Term Deferred Tax Assets	4.67	4.54	7.36	-	-	-
Other Long-Term Assets	13.29	2.41	2.9	0.88	0.88	0.96
Total Assets	550.74	553	656	447.95	467.38	474.7
Accounts Payable	35.68	49.23	37.23	23.86	26.8	13.79
Accrued Expenses	10.23	13.15	11.23	6.96	9.16	6.18
Short-Term Debt	333.28	316.42	285.98	249.22	267.25	240.26
Current Portion of Long-Term Debt	25.26	19.92	30.93	29.39	12.22	19.38
Current Portion of Leases	4.62	4.53	7.63	4.94	5.1	4.9
Current Income Taxes Payable	1.32	1.23	1.47	1.49	1.45	2.59
Current Unearned Revenue	0.49	0.53	0.27	0.34	0.95	1.55
Other Current Liabilities	5.52	4.89	18.52	2.53	1.56	2.69
Total Current Liabilities	416.4	409.88	393.24	318.73	324.49	291.33
Long-Term Debt	1.64	1.79	2.31	3.46	3.49	4.4
Long-Term Leases	9.75	11.84	15.44	2.88	8.44	8.33
Pension & Post-Retirement Benefits	0.87	0.76	1.93	0.92	4.12	4.53
Long-Term Deferred Tax Liabilities	28.14	26.82	30.37	14.12	14.07	14.27
Other Long-Term Liabilities	-	-	44.91	-	-	-
Total Liabilities	456.79	451.1	488.21	340.1	354.61	322.85
Common Stock	3.6	3.6	3.6	3.47	3.47	3.47
Additional Paid-In Capital	212.74	212.74	212.74	182.1	182.1	182.1
Retained Earnings	-159.76	-138.01	-90.07	-108.95	-96.88	-65.05
Comprehensive Income & Other	37.37	23.58	41.52	31.21	24.08	31.33
Shareholders' Equity	93.95	101.91	167.79	107.84	112.78	151.84
Total Liabilities & Equity	550.74	553	656	447.95	467.38	474.7
Total Debt	374.55	354.5	342.29	289.89	296.49	277.27
Net Cash (Debt)	-347.95	-317.77	-301.55	-282.09	-287.14	-256.85
Net Cash Per Share	-0.97	-0.88	-0.85	-0.81	-0.83	-0.74
Filing Date Shares Outstanding	360.26	360.26	360.26	347.44	347.44	347.44
Total Common Shares Outstanding	360.26	360.26	360.26	347.44	347.44	347.44
Working Capital	44.18	55.72	108.07	105.24	102.59	142.08
Book Value Per Share	0.26	0.28	0.47	0.31	0.32	0.44
Tangible Book Value	61.27	65.1	80.47	107.84	112.78	151.84
Tangible Book Value Per Share	0.17	0.18	0.22	0.31	0.32	0.44
Land	-	27.62	29.77	27.14	40.66	41.9
Machinery	-	126.81	133.41	116.04	159.74	154.73
Leasehold Improvements	-	5.22	8.23	9.05	9.19	7.59

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