Smart-Core 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	153.96	239.46	167.81	494.41	290.93
Cash & Short-Term Investments	153.96	239.46	167.81	494.41	290.93
Cash Growth	-35.70%	42.70%	-66.06%	69.94%	-6.88%
Accounts Receivable	1,174	658.35	656.54	1,213	1,985
Other Receivables	22.27	10.46	58.2	6.51	26.79
Receivables	1,196	668.81	714.75	1,219	2,011
Inventory	292.34	190.12	220.56	288.39	606.03
Prepaid Expenses	5.71	3.84	5.87	7.5	7.9
Restricted Cash	182.68	192.88	227.47	457.29	420.83
Other Current Assets	7.94	43.97	63.87	115.1	50.26
Total Current Assets	1,839	1,339	1,400	2,582	3,387
Property, Plant & Equipment	40.63	15.45	15.43	36.85	35.1
Long-Term Investments	199.75	168.02	162.38	41.11	43.62
Goodwill	20.16	20.16	20.16	29.89	9.74
Other Intangible Assets	11.1	4.74	6.32	9.89	4.38
Long-Term Deferred Tax Assets	2.28	1.3	3.03	5.88	9.01
Other Long-Term Assets	151.38	145.17	132.65	155.42	149.79
Total Assets	2,264	1,694	1,740	2,861	3,639
Accounts Payable	499.11	347.14	269.07	350.67	536.1
Accrued Expenses	81.55	40.35	62.08	156.86	259.28
Short-Term Debt	-	-	78.04	33.05	-
Current Portion of Long-Term Debt	529.87	303.66	394.14	1,026	1,629
Current Portion of Leases	10.06	6.82	6.82	14.1	13.71
Current Income Taxes Payable	22.08	10.93	-	21.92	81.83
Current Unearned Revenue	26.83	18.63	18.98	33.58	33.9
Other Current Liabilities	3.18	1.42	1.29	10.27	18.03
Total Current Liabilities	1,173	728.94	830.42	1,646	2,571
Long-Term Debt	1.4	2.53	3.6	4.71	9.57
Long-Term Leases	27.03	2.67	1.87	8.94	14.44
Long-Term Deferred Tax Liabilities	-	-	-	0.33	0.72
Total Liabilities	1,201	734.14	835.88	1,660	2,596
Common Stock	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	32.42	92.43	125.14	153.4	211.54
Retained Earnings	1,069	907.98	808.08	737.12	573.48
Treasury Stock	-54.49	-39.62	-34.35	-27.17	-0.38
Comprehensive Income & Other	13.77	-1.5	5.83	9.98	21.31
Total Common Equity	1,061	959.33	904.74	873.37	805.99
Minority Interest	1.93	0.44	-0.33	327.56	236.89
Shareholders' Equity	1,063	959.78	904.41	1,201	1,043
Total Liabilities & Equity	2,264	1,694	1,740	2,861	3,639
Total Debt	568.36	315.68	484.46	1,086	1,666
Net Cash (Debt)	-414.4	-76.23	-316.66	-591.91	-1,375
Net Cash Per Share	-0.89	-0.16	-0.67	-1.22	-2.82
Filing Date Shares Outstanding	457.7	465.78	470.26	472.83	488.43
Total Common Shares Outstanding	457.7	465.78	470.26	472.83	488.43
Working Capital	666.12	610.13	569.91	935.86	815.96
Book Value Per Share	2.32	2.06	1.92	1.85	1.65
Tangible Book Value	1,030	934.44	878.26	833.58	791.87
Tangible Book Value Per Share	2.25	2.01	1.87	1.76	1.62
Machinery	22.16	21.11	20.79	29.27	20.62
Leasehold Improvements	1.32	1.32	1.32	1.56	1.42

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