Apex Ace Holding 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	177.57	101.94	96.52	99.56	143.74
Cash & Short-Term Investments	177.57	101.94	96.52	99.56	143.74
Cash Growth	74.19%	5.62%	-3.06%	-30.74%	51.25%
Accounts Receivable	1,140	513.25	747.72	499.29	484.63
Other Receivables	2.15	6.53	9.72	7	4.75
Receivables	1,146	530.41	764.91	510.19	493.28
Inventory	247.78	379.35	227.67	174.97	251.87
Prepaid Expenses	0.36	12.19	2.64	1.73	2.57
Restricted Cash	62.31	39.76	-	-	-
Other Current Assets	125.33	67.12	85.83	38.86	57.46
Total Current Assets	1,759	1,131	1,178	825.3	948.92
Property, Plant & Equipment	76.66	83.71	94.82	100.17	64.7
Other Intangible Assets	-	2.33	7.25	12.28	18.41
Long-Term Deferred Tax Assets	8.35	15.98	13.09	11.81	9.78
Other Long-Term Assets	60.75	59.88	61.55	63.87	52.31
Total Assets	1,905	1,293	1,354	1,013	1,094
Accounts Payable	334.65	216.08	164.62	131.81	160.86
Accrued Expenses	51.65	3.68	5.39	8.33	21.14
Short-Term Debt	955.07	648.79	802.86	483.67	538.55
Current Portion of Leases	2.97	4.27	3.7	2.89	0.67
Current Income Taxes Payable	18.85	0.17	3.8	3.87	5.01
Current Unearned Revenue	68.17	64.32	-	-	-
Other Current Liabilities	37.55	8.35	19.68	14.46	23.3
Total Current Liabilities	1,469	945.64	1,000	645.03	749.53
Long-Term Debt	18	17.07	16.15	15.23	-
Long-Term Leases	4.56	2.32	5.45	6.73	0.56
Long-Term Deferred Tax Liabilities	2.26	3.67	4.55	3.9	3.68
Total Liabilities	1,494	968.7	1,026	670.88	753.77
Common Stock	10.75	10.75	10.75	10.75	10.1
Additional Paid-In Capital	132.39	132.39	132.39	132.39	107.48
Retained Earnings	195.26	128.04	120.7	136.37	168.28
Comprehensive Income & Other	13.54	18.14	26.77	31.65	18.98
Total Common Equity	351.94	289.31	290.62	311.16	304.83
Minority Interest	59.04	34.64	37.46	31.39	35.52
Shareholders' Equity	410.98	323.96	328.08	342.55	340.35
Total Liabilities & Equity	1,905	1,293	1,354	1,013	1,094
Total Debt	980.6	672.45	828.16	508.51	539.77
Net Cash (Debt)	-803.03	-570.51	-731.64	-408.95	-396.03
Net Cash Per Share	-0.72	-0.52	-0.69	-0.39	-0.39
Filing Date Shares Outstanding	1,054	1,054	1,056	1,060	1,000
Total Common Shares Outstanding	1,054	1,054	1,056	1,060	1,000
Working Capital	290.05	185.11	177.51	180.28	199.39
Book Value Per Share	0.32	0.27	0.27	0.28	0.30
Tangible Book Value	351.94	286.98	283.36	298.88	286.42
Tangible Book Value Per Share	0.32	0.26	0.26	0.27	0.29
Land	66.73	74.54	89.56	89.78	59.13
Machinery	12.04	11.58	9.86	9.48	9.21
Leasehold Improvements	4.15	3.9	3.96	3.65	2.1

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