Ten Pao Group 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	282.37	336.94	150.48	341.39	288.44
Short-Term Investments	3.89	8.09	17.97	16.11	15.44
Trading Asset Securities	-	-	1.27	-	-
Cash & Short-Term Investments	286.26	345.03	169.71	357.51	303.88
Cash Growth	-17.03%	103.30%	-52.53%	17.65%	-31.19%
Accounts Receivable	1,393	1,454	1,177	1,048	1,224
Other Receivables	234.68	84.33	40.24	38.26	43.76
Receivables	1,632	1,538	1,217	1,086	1,268
Inventory	954.85	1,037	727.33	906.38	1,150
Prepaid Expenses	12.2	20.09	18.26	11.26	11.41
Other Current Assets	706.16	790.79	681.04	175.4	70.01
Total Current Assets	3,591	3,731	2,813	2,536	2,803
Property, Plant & Equipment	1,584	1,435	1,302	1,196	1,217
Long-Term Investments	111.4	109.53	81.51	69.8	51.68
Goodwill	35.63	35.54	35.78	-	-
Other Intangible Assets	21.09	15.91	14.51	15.28	16.57
Long-Term Deferred Tax Assets	83.22	67.2	52.98	55.81	45.6
Other Long-Term Assets	19.29	15.87	19.66	17.5	31.47
Total Assets	5,524	5,410	4,320	3,890	4,166
Accounts Payable	1,823	2,146	1,398	1,444	1,671
Accrued Expenses	459.19	483.46	370.12	334.74	375.95
Short-Term Debt	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	10.58	11.58	12	8.24	8.84
Current Income Taxes Payable	19.59	14.39	4.08	16.57	32.68
Current Unearned Revenue	40.33	44.65	33.79	46.47	17.69
Other Current Liabilities	24.95	29.92	0.01	0.01	9.26
Total Current Liabilities	3,174	3,381	2,471	2,098	2,456
Long-Term Debt	-	-	2.57	202.88	238.25
Long-Term Leases	33.02	42.82	46.39	16.92	23.74
Long-Term Unearned Revenue	41.82	30.18	36.78	56.92	46.32
Long-Term Deferred Tax Liabilities	97.16	104.23	111.94	102.24	91.69
Other Long-Term Liabilities	-	-	-	-	0.88
Total Liabilities	3,346	3,558	2,668	2,477	2,857
Common Stock	10.3	10.3	10.3	10.3	10.01
Additional Paid-In Capital	162.43	162.43	162.43	162.43	125.79
Retained Earnings	1,707	1,459	1,566	1,300	1,079
Comprehensive Income & Other	301.08	223.68	-83.64	-58.94	80.98
Total Common Equity	2,181	1,856	1,655	1,414	1,296
Minority Interest	-3.4	-4.13	-3.82	-0.66	12.89
Shareholders' Equity	2,178	1,852	1,651	1,413	1,309
Total Liabilities & Equity	5,524	5,410	4,320	3,890	4,166
Total Debt	839.81	705.14	713.29	476.61	612
Net Cash (Debt)	-553.54	-360.11	-543.58	-119.1	-308.13
Net Cash Per Share	-0.54	-0.35	-0.53	-0.12	-0.31
Filing Date Shares Outstanding	1,030	1,030	1,030	1,030	1,000
Total Common Shares Outstanding	1,030	1,030	1,030	1,030	1,000
Working Capital	417.33	350.21	342.66	437.95	346.92
Book Value Per Share	2.12	1.80	1.61	1.37	1.30
Tangible Book Value	2,124	1,804	1,605	1,398	1,279
Tangible Book Value Per Share	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

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