Graphex 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	26.75	15.45	27.19	31.47	30.24
Short-Term Investments	-	-	9.69	8.27	9.13
Trading Asset Securities	0.03	0.02	0.02	0.03	-
Cash & Short-Term Investments	26.78	15.47	36.9	39.77	39.37
Cash Growth	73.12%	-58.08%	-7.21%	1.01%	-22.50%
Accounts Receivable	49.49	199.18	177.9	133.65	167.39
Other Receivables	-	-	-	0.37	0.1
Receivables	49.49	199.18	176.42	142.25	176.54
Inventory	4.61	5.52	24.41	44.91	81.56
Prepaid Expenses	174.6	41.7	8.77	8.19	7.8
Other Current Assets	0.89	0.53	-	-	1.22
Total Current Assets	256.37	262.4	246.5	235.12	306.49
Property, Plant & Equipment	22.26	25.95	28.68	35.4	74.59
Long-Term Investments	0.05	0.05	0.84	0.32	1.83
Goodwill	-	101.94	101.94	101.94	101.94
Other Intangible Assets	198.34	408.41	461	512.09	608.61
Long-Term Deferred Tax Assets	18.05	5.56	3.24	4.9	3.32
Other Long-Term Assets	46.86	5.05	5.16	4.9	0.13
Total Assets	541.94	809.35	847.34	894.68	1,097
Accounts Payable	26.95	51.46	23.19	13.4	8.88
Accrued Expenses	-	-	27.75	16.11	22.38
Short-Term Debt	-	-	59.84	120.46	19.37
Current Portion of Long-Term Debt	207.22	130.79	80.2	24.58	150.5
Current Portion of Leases	4.33	4.44	4.68	5.15	7.92
Current Income Taxes Payable	36.48	33.28	33.08	33.9	39.74
Current Unearned Revenue	35.85	43.86	38.63	37.41	45.26
Other Current Liabilities	128.19	103.18	52.8	37.2	79.81
Total Current Liabilities	439.03	367.01	320.17	288.19	373.87
Long-Term Debt	-	85.66	73.52	139.97	299.88
Long-Term Leases	12.09	15.09	14.92	18.65	53.23
Long-Term Deferred Tax Liabilities	49.52	61.23	69.09	78.02	92.41
Other Long-Term Liabilities	-	-	-	-	86.5
Total Liabilities	500.64	528.99	477.71	524.83	905.89
Common Stock	47.07	11.74	8.98	6.84	5.09
Additional Paid-In Capital	-	-	782.44	673.3	362.86
Retained Earnings	-	-	-441.54	-328.37	-258.71
Comprehensive Income & Other	-18.8	265.39	16.57	25.58	88.06
Total Common Equity	28.27	277.12	366.45	377.35	197.31
Minority Interest	9.79	0	-0.05	-10.74	-6.29
Shareholders' Equity	41.3	280.36	369.64	369.84	191.01
Total Liabilities & Equity	541.94	809.35	847.34	894.68	1,097
Total Debt	223.64	235.98	233.17	308.8	530.91
Net Cash (Debt)	-196.86	-220.51	-196.26	-269.03	-491.54
Net Cash Per Share	-0.29	-0.64	-1.29	-2.35	-5.04
Filing Date Shares Outstanding	941.31	234.76	179.59	136.7	101.82
Total Common Shares Outstanding	941.31	234.76	179.59	136.7	101.82
Working Capital	-182.66	-104.62	-73.67	-53.08	-67.38
Book Value Per Share	0.03	1.18	2.04	2.76	1.94
Tangible Book Value	-170.07	-233.22	-196.49	-236.68	-513.24
Tangible Book Value Per Share	-0.18	-0.99	-1.09	-1.73	-5.04
Machinery	-	-	25.91	27.61	31.53
Leasehold Improvements	-	-	13.1	12.87	15.95

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