Smart-Core 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	160.2	239.46	167.81	494.41	290.93	238.56
Short-Term Investments	-	-	-	-	-	73.87
Cash & Short-Term Investments	160.2	239.46	167.81	494.41	290.93	312.42
Cash Growth	-40.62%	42.70%	-66.06%	69.94%	-6.88%	20.75%
Accounts Receivable	1,115	658.35	656.54	1,213	1,985	1,102
Other Receivables	-	10.46	58.2	6.51	26.79	-
Receivables	1,115	668.81	714.75	1,219	2,011	1,102
Inventory	421.56	190.12	220.56	288.39	606.03	416.29
Prepaid Expenses	36.9	3.84	5.87	7.5	7.9	-
Restricted Cash	-	192.88	227.47	457.29	420.83	178.19
Other Current Assets	167.88	43.97	63.87	115.1	50.26	-
Total Current Assets	1,902	1,339	1,400	2,582	3,387	2,009
Property, Plant & Equipment	11.69	15.45	15.43	36.85	35.1	30.5
Long-Term Investments	322.21	168.02	162.38	41.11	43.62	-
Goodwill	20.16	20.16	20.16	29.89	9.74	9.74
Other Intangible Assets	4.73	4.74	6.32	9.89	4.38	6.78
Long-Term Deferred Tax Assets	1.7	1.3	3.03	5.88	9.01	5.7
Other Long-Term Assets	2.04	145.17	132.65	155.42	149.79	133.78
Total Assets	2,264	1,694	1,740	2,861	3,639	2,196
Accounts Payable	583.5	347.14	269.07	350.67	536.1	590.73
Accrued Expenses	65.29	40.35	62.08	156.86	259.28	80.13
Short-Term Debt	-	-	78.04	33.05	-	727.07
Current Portion of Long-Term Debt	605.3	303.66	394.14	1,026	1,629	-
Current Portion of Leases	5.92	6.82	6.82	14.1	13.71	9.7
Current Income Taxes Payable	15.53	10.93	-	21.92	81.83	11.83
Current Unearned Revenue	14.98	18.63	18.98	33.58	33.9	51.67
Other Current Liabilities	2.48	1.42	1.29	10.27	18.03	10.26
Total Current Liabilities	1,293	728.94	830.42	1,646	2,571	1,481
Long-Term Debt	1.97	2.53	3.6	4.71	9.57	-
Long-Term Leases	0.55	2.67	1.87	8.94	14.44	17.84
Long-Term Deferred Tax Liabilities	-	-	-	0.33	0.72	1.12
Total Liabilities	1,296	734.14	835.88	1,660	2,596	1,500
Common Stock	0.04	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	46.32	92.43	125.14	153.4	211.54	256.17
Retained Earnings	956.43	907.98	808.08	737.12	573.48	359.42
Treasury Stock	-40.12	-39.62	-34.35	-27.17	-0.38	-3.43
Comprehensive Income & Other	5.26	-1.5	5.83	9.98	21.31	18.49
Total Common Equity	967.93	959.33	904.74	873.37	805.99	630.68
Minority Interest	0.58	0.44	-0.33	327.56	236.89	64.67
Shareholders' Equity	968.51	959.78	904.41	1,201	1,043	695.34
Total Liabilities & Equity	2,264	1,694	1,740	2,861	3,639	2,196
Total Debt	613.75	315.68	484.46	1,086	1,666	754.61
Net Cash (Debt)	-453.54	-76.23	-316.66	-591.91	-1,375	-442.19
Net Cash Per Share	-0.97	-0.16	-0.67	-1.22	-2.82	-0.90
Filing Date Shares Outstanding	465.43	465.78	470.26	472.83	488.43	491.87
Total Common Shares Outstanding	465.43	465.78	470.26	472.83	488.43	491.87
Working Capital	608.5	610.13	569.91	935.86	815.96	527.81
Book Value Per Share	2.08	2.06	1.92	1.85	1.65	1.28
Tangible Book Value	943.04	934.44	878.26	833.58	791.87	614.17
Tangible Book Value Per Share	2.03	2.01	1.87	1.76	1.62	1.25
Machinery	-	21.11	20.79	29.27	20.62	14.77
Leasehold Improvements	-	1.32	1.32	1.56	1.42	1.35

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