Ten Pao Group Holdings Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	165.77	282.37	336.94	150.48	341.39	288.44
Short-Term Investments	8.7	3.89	8.09	17.97	16.11	15.44
Trading Asset Securities	-	-	-	1.27	-	-
Cash & Short-Term Investments	174.47	286.26	345.03	169.71	357.51	303.88
Cash Growth	-17.79%	-17.03%	103.30%	-52.53%	17.65%	-31.19%
Accounts Receivable	1,748	1,393	1,454	1,177	1,048	1,224
Other Receivables	301.28	234.68	84.33	40.24	38.26	43.76
Receivables	2,052	1,632	1,538	1,217	1,086	1,268
Inventory	1,256	954.85	1,037	727.33	906.38	1,150
Prepaid Expenses	44.18	12.2	20.09	18.26	11.26	11.41
Other Current Assets	385.74	706.16	790.79	681.04	175.4	70.01
Total Current Assets	3,912	3,591	3,731	2,813	2,536	2,803
Property, Plant & Equipment	1,649	1,584	1,435	1,302	1,196	1,217
Long-Term Investments	127.22	111.4	109.53	81.51	69.8	51.68
Goodwill	-	35.63	35.54	35.78	-	-
Other Intangible Assets	63.96	21.09	15.91	14.51	15.28	16.57
Long-Term Deferred Tax Assets	101.99	83.22	67.2	52.98	55.81	45.6
Other Long-Term Assets	25	19.29	15.87	19.66	17.5	31.47
Total Assets	5,958	5,524	5,410	4,320	3,890	4,166

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	1,935	1,823	2,146	1,398	1,444	1,671
Accrued Expenses	401.19	459.19	483.46	370.12	334.74	375.95
Short-Term Debt	958.12	796.21	647.74	553.63	59.12	239.52
Current Portion of Long-Term Debt	-	-	3	98.7	189.44	101.65
Current Portion of Leases	15.98	10.58	11.58	12	8.24	8.84
Current Income Taxes Payable	16.65	19.59	14.39	4.08	16.57	32.68
Current Unearned Revenue	52.75	40.33	44.65	33.79	46.47	17.69
Other Current Liabilities	92.69	24.95	29.92	0.01	0.01	9.26
Total Current Liabilities	3,472	3,174	3,381	2,471	2,098	2,456
Long-Term Debt	-	-	-	2.57	202.88	238.25
Long-Term Leases	40.07	33.02	42.82	46.39	16.92	23.74
Long-Term Unearned Revenue	47.95	41.82	30.18	36.78	56.92	46.32
Long-Term Deferred Tax Liabilities	103.79	97.16	104.23	111.94	102.24	91.69
Other Long-Term Liabilities	-	-	-	-	-	0.88
Total Liabilities	3,664	3,346	3,558	2,668	2,477	2,857

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	10.3	10.3	10.3	10.3	10.3	10.01
Additional Paid-In Capital	162.43	162.43	162.43	162.43	162.43	125.79
Retained Earnings	1,645	1,707	1,459	1,566	1,300	1,079
Comprehensive Income & Other	480.2	301.08	223.68	-83.64	-58.94	80.98
Total Common Equity	2,297	2,181	1,856	1,655	1,414	1,296
Minority Interest	-3.55	-3.4	-4.13	-3.82	-0.66	12.89
Shareholders' Equity	2,294	2,178	1,852	1,651	1,413	1,309
Total Liabilities & Equity	5,958	5,524	5,410	4,320	3,890	4,166

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	1,014	839.81	705.14	713.29	476.61	612
Net Cash (Debt)	-839.69	-553.54	-360.11	-543.58	-119.1	-308.13
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.81	-0.54	-0.35	-0.53	-0.12	-0.31
Filing Date Shares Outstanding	1,030	1,030	1,030	1,030	1,030	1,000
Total Common Shares Outstanding	1,030	1,030	1,030	1,030	1,030	1,000
Working Capital	440.21	417.33	350.21	342.66	437.95	346.92
Book Value Per Share	2.23	2.12	1.80	1.61	1.37	1.30
Tangible Book Value	2,234	2,124	1,804	1,605	1,398	1,279
Tangible Book Value Per Share	2.17	2.06	1.75	1.56	1.36	1.28
Buildings	-	779.33	500.09	172.78	175.28	189.85
Machinery	-	1,237	1,068	1,019	1,018	994.29
Construction In Progress	-	199.93	342.16	500.49	317.76	316.48
Leasehold Improvements	-	279.57	294.77	247.69	217.75	193.14