Tian Cheng Holdings Balance Sheet

Financials in millions HKD. Fiscal year is June - May.

Millions HKD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	19.89	25.35	25.82	33.69	75.18	124.52
Short-Term Investments	2.45	2.75	7.04	9.23	17.77	21.44
Cash & Short-Term Investments	22.33	28.1	32.86	42.92	92.95	145.96
Cash Growth	-36.71%	-14.49%	-23.43%	-53.82%	-36.32%	344.29%
Accounts Receivable	16.31	33.14	39.68	23.62	39.74	62.64
Other Receivables	0.52	0.18	3.03	4.02	0.39	0.05
Receivables	16.83	33.32	42.7	27.65	40.13	62.69
Inventory	-	0.63	-	-	-	-
Other Current Assets	-	0.3	0.3	10.11	20	-
Total Current Assets	39.16	62.35	75.87	80.68	153.08	208.64
Property, Plant & Equipment	16.11	18.9	40.98	65.01	74.28	56.83
Long-Term Deferred Tax Assets	0.13	0.31	0.62	0.66	-	-
Other Long-Term Assets	-	-	-	0.3	0.41	-
Total Assets	55.4	81.56	117.47	146.64	227.77	265.47
Accounts Payable	6.4	15.28	25.11	7.82	18.79	33.77
Accrued Expenses	5.1	5.08	4.64	5.75	3.55	3.18
Current Portion of Leases	1.6	2.39	2.56	2.55	0.65	0.61
Current Income Taxes Payable	-	-	-	-	2.49	8.22
Current Unearned Revenue	-	1.47	-	3.99	-	-
Other Current Liabilities	9.14	10.49	4.51	9.64	1.1	11.31
Total Current Liabilities	22.24	34.71	36.82	29.74	26.58	57.08
Long-Term Leases	0.27	0.16	2.39	4.29	0.36	1.01
Pension & Post-Retirement Benefits	0.57	0.57	-	-	-	-
Long-Term Deferred Tax Liabilities	2.17	2.67	4.35	6.14	7.35	5.58
Total Liabilities	25.25	38.1	43.56	40.17	34.29	63.68
Common Stock	36	30	26.69	22.24	22.24	22.24
Additional Paid-In Capital	64.61	63.68	63.91	56.77	56.77	81.77
Retained Earnings	-71.46	-51.2	-16.72	27.42	114.47	97.79
Comprehensive Income & Other	1	0.98	0.02	0.04	-	-
Shareholders' Equity	30.15	43.46	73.9	106.47	193.48	201.79
Total Liabilities & Equity	55.4	81.56	117.47	146.64	227.77	265.47
Total Debt	1.87	2.56	4.95	6.84	1.01	1.62
Net Cash (Debt)	20.46	25.55	27.91	36.08	91.94	144.33
Net Cash Growth	-33.95%	-8.48%	-22.64%	-60.75%	-36.30%	464.06%
Net Cash Per Share	0.07	0.09	0.11	0.16	0.41	0.75
Filing Date Shares Outstanding	360	300	266.88	222.4	222.4	222.4
Total Common Shares Outstanding	360	300	266.88	222.4	222.4	222.4
Working Capital	16.92	27.64	39.05	50.94	126.51	151.56
Book Value Per Share	0.08	0.14	0.28	0.48	0.87	0.91
Tangible Book Value	30.15	43.46	73.9	106.47	193.48	201.79
Tangible Book Value Per Share	0.08	0.14	0.28	0.48	0.87	0.91
Machinery	-	58.18	86.28	110.19	102.57	78.3
Leasehold Improvements	-	-	-	-	0.19	0.19
Order Backlog	-	310.2	-	-	-	-

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