Ten Pao Group 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	208.25	336.94	150.48	341.39	288.44	426.57
Short-Term Investments	3.98	8.09	17.97	16.11	15.44	15.03
Trading Asset Securities	-	-	1.27	-	-	-
Cash & Short-Term Investments	212.23	345.03	169.71	357.51	303.88	441.61
Cash Growth	-12.47%	103.30%	-52.53%	17.65%	-31.19%	161.36%
Accounts Receivable	1,542	1,454	1,177	1,048	1,224	1,140
Other Receivables	97.67	84.33	40.24	38.26	43.76	37.23
Receivables	1,640	1,538	1,217	1,086	1,268	1,178
Inventory	851.24	1,037	727.33	906.38	1,150	1,040
Prepaid Expenses	24.5	20.09	18.26	11.26	11.41	18.54
Other Current Assets	501.57	790.79	681.04	175.4	70.01	145.61
Total Current Assets	3,229	3,731	2,813	2,536	2,803	2,823
Property, Plant & Equipment	1,550	1,435	1,302	1,196	1,217	701.83
Long-Term Investments	114.42	109.53	81.51	69.8	51.68	12.49
Goodwill	-	35.54	35.78	-	-	-
Other Intangible Assets	52.4	15.91	14.51	15.28	16.57	16.21
Long-Term Deferred Tax Assets	73.05	67.2	52.98	55.81	45.6	37.15
Other Long-Term Assets	19.05	15.87	19.66	17.5	31.47	41.44
Total Assets	5,121	5,410	4,320	3,890	4,166	3,632
Accounts Payable	1,657	2,146	1,398	1,444	1,671	1,845
Accrued Expenses	442.13	483.46	370.12	334.74	375.95	263.4
Short-Term Debt	610.78	647.74	553.63	59.12	239.52	142.85
Current Portion of Long-Term Debt	-	3	98.7	189.44	101.65	80.32
Current Portion of Leases	13.44	11.58	12	8.24	8.84	1.65
Current Income Taxes Payable	19.36	14.39	4.08	16.57	32.68	51.19
Current Unearned Revenue	42.25	44.65	33.79	46.47	17.69	14.25
Other Current Liabilities	105.75	29.92	0.01	0.01	9.26	0.01
Total Current Liabilities	2,891	3,381	2,471	2,098	2,456	2,398
Long-Term Debt	-	-	2.57	202.88	238.25	95.05
Long-Term Leases	39.79	42.82	46.39	16.92	23.74	6.03
Long-Term Unearned Revenue	38.64	30.18	36.78	56.92	46.32	44.19
Long-Term Deferred Tax Liabilities	108.08	104.23	111.94	102.24	91.69	88.03
Other Long-Term Liabilities	-	-	-	-	0.88	-
Total Liabilities	3,078	3,558	2,668	2,477	2,857	2,632
Common Stock	10.3	10.3	10.3	10.3	10.01	10.01
Additional Paid-In Capital	162.43	162.43	162.43	162.43	125.79	125.79
Retained Earnings	1,608	1,459	1,566	1,300	1,079	821.39
Comprehensive Income & Other	266.94	223.68	-83.64	-58.94	80.98	44.34
Total Common Equity	2,048	1,856	1,655	1,414	1,296	1,002
Minority Interest	-3.94	-4.13	-3.82	-0.66	12.89	-0.72
Shareholders' Equity	2,044	1,852	1,651	1,413	1,309	1,001
Total Liabilities & Equity	5,121	5,410	4,320	3,890	4,166	3,632
Total Debt	664	705.14	713.29	476.61	612	325.9
Net Cash (Debt)	-451.78	-360.11	-543.58	-119.1	-308.13	115.71
Net Cash Per Share	-0.44	-0.35	-0.53	-0.12	-0.31	0.12
Filing Date Shares Outstanding	1,030	1,030	1,030	1,030	1,000	1,000
Total Common Shares Outstanding	1,030	1,030	1,030	1,030	1,000	1,000
Working Capital	338.38	350.21	342.66	437.95	346.92	424.99
Book Value Per Share	1.99	1.80	1.61	1.37	1.30	1.00
Tangible Book Value	1,995	1,804	1,605	1,398	1,279	985.31
Tangible Book Value Per Share	1.94	1.75	1.56	1.36	1.28	0.98
Buildings	-	500.09	172.78	175.28	189.85	189.89
Machinery	-	1,068	1,019	1,018	994.29	735.75
Construction In Progress	-	342.16	500.49	317.76	316.48	45.53
Leasehold Improvements	-	294.77	247.69	217.75	193.14	135.34

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