Apex Ace Holding 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	84.67	141.7	96.52	99.56	143.74	95.04
Cash & Short-Term Investments	84.67	141.7	96.52	99.56	143.74	95.04
Cash Growth	-24.40%	46.81%	-3.06%	-30.74%	51.25%	-55.13%
Accounts Receivable	800.03	513.25	747.72	499.29	484.63	499.35
Other Receivables	8.38	6.53	9.72	7	4.75	4.41
Receivables	812.15	530.41	764.91	510.19	493.28	509.33
Inventory	439.38	379.35	227.67	174.97	251.87	229.27
Prepaid Expenses	5.51	12.19	2.64	1.73	2.57	2.35
Other Current Assets	70.11	67.12	85.83	38.86	57.46	46.41
Total Current Assets	1,447	1,131	1,178	825.3	948.92	882.4
Property, Plant & Equipment	79.81	83.71	94.82	100.17	64.7	64.66
Other Intangible Assets	-	2.33	7.25	12.28	18.41	22.47
Long-Term Deferred Tax Assets	13.38	15.98	13.09	11.81	9.78	7.74
Other Long-Term Assets	44.83	59.88	61.55	63.87	52.31	51.26
Total Assets	1,599	1,293	1,354	1,013	1,094	1,029
Accounts Payable	310.73	216.08	164.62	131.81	160.86	188.91
Accrued Expenses	2.94	3.68	5.39	8.33	21.14	1.03
Short-Term Debt	802.72	648.79	802.86	483.67	538.55	478.78
Current Portion of Leases	3.08	4.27	3.7	2.89	0.67	0.92
Current Income Taxes Payable	3.13	0.17	3.8	3.87	5.01	1.64
Other Current Liabilities	108.76	72.67	19.68	14.46	23.3	32.75
Total Current Liabilities	1,231	945.64	1,000	645.03	749.53	704.03
Long-Term Debt	17.48	17.07	16.15	15.23	-	-
Long-Term Leases	1.15	2.32	5.45	6.73	0.56	-
Long-Term Deferred Tax Liabilities	3.26	3.67	4.55	3.9	3.68	3.01
Total Liabilities	1,253	968.7	1,026	670.88	753.77	707.04
Common Stock	10.75	10.75	10.75	10.75	10.1	10
Additional Paid-In Capital	132.39	132.39	132.39	132.39	107.48	103.94
Retained Earnings	139.08	128.04	120.7	136.37	168.28	160.86
Comprehensive Income & Other	19.91	18.14	26.77	31.65	18.98	18.61
Total Common Equity	302.13	289.31	290.62	311.16	304.83	293.41
Minority Interest	43.65	34.64	37.46	31.39	35.52	28.08
Shareholders' Equity	345.78	323.96	328.08	342.55	340.35	321.49
Total Liabilities & Equity	1,599	1,293	1,354	1,013	1,094	1,029
Total Debt	824.43	672.45	828.16	508.51	539.77	479.7
Net Cash (Debt)	-739.76	-530.75	-731.64	-408.95	-396.03	-384.66
Net Cash Per Share	-0.68	-0.49	-0.69	-0.39	-0.39	-0.38
Filing Date Shares Outstanding	1,054	1,054	1,056	1,060	1,000	1,000
Total Common Shares Outstanding	1,054	1,054	1,056	1,060	1,000	1,000
Working Capital	216	185.11	177.51	180.28	199.39	178.37
Book Value Per Share	0.28	0.27	0.27	0.28	0.30	0.29
Tangible Book Value	302.13	286.98	283.36	298.88	286.42	270.94
Tangible Book Value Per Share	0.28	0.26	0.26	0.27	0.29	0.27
Land	-	74.54	89.56	89.78	59.13	58.41
Machinery	-	11.58	9.86	9.48	9.21	8.39
Leasehold Improvements	-	3.9	3.96	3.65	2.1	2.1

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