ETS Group 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	19.55	49.52	26.59	46.44	41.71	59.46
Short-Term Investments	33	-	-	20	-	-
Trading Asset Securities	-	-	-	0.2	0.24	1.64
Cash & Short-Term Investments	52.55	49.52	26.59	66.64	41.94	61.1
Cash Growth	51.76%	86.27%	-60.10%	58.87%	-31.35%	5.53%
Accounts Receivable	12.37	11.79	21.41	31.28	56.4	43.8
Other Receivables	7.03	10.3	1.75	2.12	6.08	6.92
Receivables	19.4	22.09	23.16	33.4	62.47	50.72
Restricted Cash	-	-	-	6.45	16.59	11.74
Other Current Assets	-	-	-	6.09	6.09	9.11
Total Current Assets	71.95	71.61	49.75	112.58	127.1	132.66
Property, Plant & Equipment	2.09	2.85	0.89	0.71	1.46	5.82
Long-Term Investments	0.2	0.33	2.12	2.09	2.2	-
Other Intangible Assets	1.43	1.99	2	2.95	4.85	6.18
Long-Term Deferred Tax Assets	0	0	0.76	0.67	0.82	1.17
Other Long-Term Assets	-	2.77	-	0.21	0.21	0.21
Total Assets	75.67	79.55	55.52	119.2	136.64	146.04
Accounts Payable	-	-	-	0	0.13	0.89
Accrued Expenses	-	13.44	7.41	-	-	0.01
Short-Term Debt	-	-	-	2	-	-
Current Portion of Long-Term Debt	-	-	-	9.21	-	3
Current Portion of Leases	1.54	2.34	0.27	0.38	0.77	2.93
Current Income Taxes Payable	0.02	0.02	0.08	0.14	0.7	0.28
Current Unearned Revenue	1.97	1.94	2.22	2.25	1.89	1.89
Other Current Liabilities	10.77	1.04	2.38	15.36	25.63	20.97
Total Current Liabilities	14.29	18.79	12.36	29.34	29.12	29.96
Long-Term Debt	-	-	-	-	8.11	-
Long-Term Leases	-	0.36	0.26	-	0.25	-
Long-Term Deferred Tax Liabilities	0.01	0.01	0.01	0.02	0.02	0.05
Total Liabilities	14.3	19.16	12.63	29.35	37.49	30.01
Common Stock	2.96	2.96	2.96	2.8	2.8	2.8
Additional Paid-In Capital	3.49	3.49	3.49	25.24	25.24	25.24
Retained Earnings	29.3	28.33	10.82	34.46	43.75	62.37
Comprehensive Income & Other	25.62	25.62	25.62	27.36	27.36	25.62
Shareholders' Equity	61.37	60.39	42.89	89.85	99.15	116.03
Total Liabilities & Equity	75.67	79.55	55.52	119.2	136.64	146.04
Total Debt	1.54	2.7	0.54	11.58	9.13	5.93
Net Cash (Debt)	51.02	46.82	26.05	55.05	32.82	55.17
Net Cash Growth	49.05%	79.73%	-52.68%	67.77%	-40.52%	16.07%
Net Cash Per Share	0.17	0.16	0.09	0.20	0.12	0.20
Filing Date Shares Outstanding	295.63	295.63	295.63	280	280	280
Total Common Shares Outstanding	295.63	295.63	295.63	280	280	280
Working Capital	57.66	52.83	37.39	83.24	97.98	102.7
Book Value Per Share	0.21	0.20	0.15	0.32	0.35	0.41
Tangible Book Value	59.94	58.41	40.88	86.9	94.29	109.85
Tangible Book Value Per Share	0.20	0.20	0.14	0.31	0.34	0.39
Machinery	-	0.68	1.39	1.32	3.05	2.3
Leasehold Improvements	-	2.08	2.08	8.97	9.18	11.56

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