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	239.88	141.7	96.52	99.56	143.74
Cash & Short-Term Investments	239.88	141.7	96.52	99.56	143.74
Cash Growth	69.29%	46.81%	-3.06%	-30.74%	51.25%
Accounts Receivable	1,140	513.25	747.72	499.29	484.63
Other Receivables	129.2	6.53	9.72	7	4.75
Receivables	1,270	530.41	764.91	510.19	493.28
Inventory	247.78	379.35	227.67	174.97	251.87
Prepaid Expenses	-	12.19	2.64	1.73	2.57
Other Current Assets	1.64	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
Long-Term Investments	13.85	-	-	-	-
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	46.9	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	-	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
Other Current Liabilities	157.37	72.67	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	107.48
Retained Earnings	-	128.04	120.7	136.37	168.28
Comprehensive Income & Other	341.19	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)	-740.72	-530.75	-731.64	-408.95	-396.03
Net Cash Per Share	-0.67	-0.49	-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	-	74.54	89.56	89.78	59.13
Machinery	-	11.58	9.86	9.48	9.21
Leasehold Improvements	-	3.9	3.96	3.65	2.1

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