Modern Dental Group 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	767.04	816.83	697.69	444.38	633.16
Short-Term Investments	-	33.66	39.28	30.73	35
Cash & Short-Term Investments	767.04	850.49	736.97	475.11	668.16
Cash Growth	-9.81%	15.40%	55.12%	-28.89%	-10.52%
Accounts Receivable	698.59	613.84	590.49	565.95	529.24
Other Receivables	49.94	79.92	33.52	12.72	11.06
Receivables	748.53	693.76	624.01	578.66	540.3
Inventory	204.49	169.15	166.18	157.24	142.49
Prepaid Expenses	92.62	34.99	43.96	51.39	39.61
Other Current Assets	0.21	0.19	0.2	3.34	4.85
Total Current Assets	1,813	1,749	1,571	1,266	1,395
Property, Plant & Equipment	993.53	955.32	905.25	810.21	747.09
Long-Term Investments	7.75	10.29	23.16	29.73	3.23
Goodwill	1,287	1,099	1,160	1,132	1,186
Other Intangible Assets	362.85	200.43	214.58	228.2	255.18
Long-Term Deferred Tax Assets	42.31	40.46	44.2	47.08	49.63
Other Long-Term Assets	34.22	20.91	34.69	25.67	21.17
Total Assets	4,540	4,075	3,953	3,539	3,657
Accounts Payable	85.33	65.52	80.09	75.6	80.08
Accrued Expenses	197.06	197.55	197.79	142.23	171.92
Short-Term Debt	-	-	-	0.13	-
Current Portion of Long-Term Debt	70.88	115.91	63.7	84.77	173.4
Current Portion of Leases	47.36	50.92	46.46	46.24	47.21
Current Income Taxes Payable	75.6	70.19	92.37	103.74	134.54
Current Unearned Revenue	27.95	17.6	18.12	10.92	10.62
Other Current Liabilities	55.77	60.58	56.45	65.75	50.52
Total Current Liabilities	559.95	578.26	554.97	529.38	668.29
Long-Term Debt	407.36	621.24	612.49	545.27	499.66
Long-Term Leases	128.5	136.15	129.55	111.77	112.81
Long-Term Unearned Revenue	0.09	-	-	-	-
Pension & Post-Retirement Benefits	10.52	-	-	-	-
Long-Term Deferred Tax Liabilities	50.09	13.54	12.68	14.13	11.93
Other Long-Term Liabilities	88.21	0.09	0.05	4.97	6.03
Total Liabilities	1,245	1,349	1,310	1,206	1,299
Common Stock	72.45	73.17	73.5	74.01	74.16
Additional Paid-In Capital	-	279.87	382.29	443.55	489.09
Retained Earnings	-	2,244	1,912	1,565	1,381
Treasury Stock	-0.04	-7.88	-0.42	-0.04	-0.04
Comprehensive Income & Other	3,216	126.49	264.86	236.94	404.68
Total Common Equity	3,289	2,716	2,632	2,320	2,348
Minority Interest	6.77	9.71	10.82	13.58	10.21
Shareholders' Equity	3,296	2,726	2,643	2,334	2,359
Total Liabilities & Equity	4,540	4,075	3,953	3,539	3,657
Total Debt	654.11	924.22	852.2	788.19	833.09
Net Cash (Debt)	112.93	-73.73	-115.23	-313.08	-164.93
Net Cash Per Share	0.12	-0.08	-0.12	-0.33	-0.17
Filing Date Shares Outstanding	934.85	942.18	948.3	954.99	956.94
Total Common Shares Outstanding	934.85	942.18	948.3	954.99	956.94
Working Capital	1,253	1,170	1,016	736.36	727.11
Book Value Per Share	3.52	2.88	2.78	2.43	2.45
Tangible Book Value	1,639	1,417	1,258	959.33	907.59
Tangible Book Value Per Share	1.75	1.50	1.33	1.00	0.95
Land	-	544.55	498.2	286.48	307.87
Machinery	-	521.74	491.06	449.63	400.84
Construction In Progress	-	0.74	31.19	148.31	54.92
Leasehold Improvements	-	205.76	192.66	189.62	187.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.