Petro-king Oilfield Services Limited (HKG:2178)

HKG:2178 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	24.99	44.54	15.61	26.29	39.96	26.48
Short-Term Investments	-	19.59	17.26	21.88	24.31	23.49
Cash & Short-Term Investments	24.99	64.13	32.87	48.17	64.27	49.97
Cash Growth	-29.41%	95.12%	-31.77%	-25.04%	28.63%	69.07%
Accounts Receivable	256.86	307.7	311.73	325.78	328.33	208.72
Other Receivables	42.45	19.87	22.7	23.35	23.03	39.19
Receivables	299.31	327.57	334.43	366.87	360.32	300.14
Inventory	31.89	22.24	18.5	32.92	24.93	40.83
Prepaid Expenses	-	-	-	-	-	0.92
Restricted Cash	-	31.98	28.73	5.32	-	-
Other Current Assets	-	0.9	2.21	2.35	3.47	3.58
Total Current Assets	356.18	446.82	416.73	455.63	452.99	395.43
Property, Plant & Equipment	110.02	103.74	109.7	130.07	167.5	159.27
Long-Term Investments	97.47	105.45	89.73	99.16	79.89	75.84
Goodwill	26.76	26.76	26.76	26.76	85.66	85.66
Other Long-Term Assets	0.35	0.42	0.02	0.4	0.3	0.3
Total Assets	590.77	683.19	642.94	712.01	823.41	716.49

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	201.7	244.6	219.04	238.83	243.72	158.6
Accrued Expenses	-	11.21	13.41	13.75	13.2	16.53
Current Portion of Long-Term Debt	83.7	101.9	106.39	101.95	95.23	115.06
Current Portion of Leases	1.53	1.51	1.3	1.72	1.52	1.62
Current Income Taxes Payable	-	4.59	8.12	9.89	5.12	8.72
Current Unearned Revenue	0.4	0.49	6.09	0.77	4.81	6.74
Other Current Liabilities	77.55	70.53	62.75	66.2	63.69	48.08
Total Current Liabilities	364.88	434.83	417.1	433.12	427.28	355.34
Long-Term Debt	40.86	37.6	45.41	86.56	132.13	70.2
Long-Term Leases	1.33	2.06	0.17	1.17	2.27	0.27
Total Liabilities	407.07	474.48	462.68	520.86	561.68	425.81

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2,001	2,001	2,001	2,001	2,001	2,001
Retained Earnings	-1,927	-1,868	-1,894	-1,876	-1,765	-1,765
Comprehensive Income & Other	101.65	68.23	65.53	61.75	20.44	50.35
Total Common Equity	175.81	201.58	172.82	186.83	256.05	286.01
Minority Interest	7.89	7.13	7.45	4.33	5.69	4.67
Shareholders' Equity	183.7	208.71	180.26	191.16	261.74	290.68
Total Liabilities & Equity	590.77	683.19	642.94	712.01	823.41	716.49

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	127.42	143.06	153.26	191.41	231.15	187.15
Net Cash (Debt)	-102.43	-78.93	-120.4	-143.23	-166.88	-137.19
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.06	-0.05	-0.07	-0.08	-0.10	-0.08
Filing Date Shares Outstanding	1,727	1,727	1,727	1,727	1,727	1,727
Total Common Shares Outstanding	1,727	1,727	1,727	1,727	1,727	1,727
Working Capital	-8.7	12	-0.37	22.5	25.71	40.09
Book Value Per Share	0.10	0.12	0.10	0.11	0.15	0.17
Tangible Book Value	149.06	174.83	146.06	160.07	170.39	200.36
Tangible Book Value Per Share	0.09	0.10	0.08	0.09	0.10	0.12
Machinery	-	498.32	489.09	492.31	501.41	504.41
Construction In Progress	-	-	-	-	0.52	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 30, 2026

Data Sources Report a data error