Glory Flame Holdings 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	32.82	43.82	36.15	36.25	37.13
Short-Term Investments	2.78	2.13	1.74	1.12	-
Cash & Short-Term Investments	35.6	45.94	37.89	37.38	37.13
Cash Growth	-22.52%	21.25%	1.38%	0.67%	-0.33%
Accounts Receivable	39.99	40.74	56.11	66.21	45.95
Receivables	39.99	40.74	56.11	66.21	45.95
Inventory	5.8	2.47	1.86	3.16	3.14
Prepaid Expenses	0.74	1.58	1.16	3.99	1.7
Other Current Assets	-	-	-	-	2.9
Total Current Assets	82.13	90.74	97.02	110.74	90.81
Property, Plant & Equipment	14.33	13.73	22.33	25.35	25.03
Goodwill	0.94	0.94	0.94	0.94	0.94
Long-Term Deferred Tax Assets	0.38	0.32	-	-	-
Other Long-Term Assets	4.36	0.72	-	-	-
Total Assets	102.14	106.45	120.28	137.02	116.78
Accounts Payable	13.77	14.82	15.57	22.77	12.65
Accrued Expenses	12.77	9.06	8.09	10.91	9.16
Short-Term Debt	41.17	40.31	46.9	46.93	45.8
Current Portion of Leases	2.65	1.88	4.56	4.29	3.43
Current Income Taxes Payable	-	1.63	0.1	0.02	0.47
Other Current Liabilities	5.51	5.18	8.15	13.81	14.71
Total Current Liabilities	75.86	72.86	83.37	98.73	86.22
Long-Term Debt	51.84	48.21	37.51	29.25	18.45
Long-Term Leases	6.6	5.38	7.45	9.37	8.34
Pension & Post-Retirement Benefits	2.29	2.58	2.23	-	-
Long-Term Deferred Tax Liabilities	0.22	0.28	0.5	0.5	0.37
Total Liabilities	136.81	129.31	131.05	137.85	113.38
Common Stock	10.11	10.11	10.11	10.11	10.11
Additional Paid-In Capital	268.95	268.95	268.95	268.95	268.95
Retained Earnings	-331.45	-317.2	-304.79	-295.02	-284.69
Comprehensive Income & Other	15.06	14.69	13.56	14.21	14.82
Total Common Equity	-37.33	-23.44	-12.18	-1.75	9.19
Minority Interest	2.66	0.58	1.41	0.92	-5.8
Shareholders' Equity	-34.67	-22.87	-10.77	-0.83	3.4
Total Liabilities & Equity	102.14	106.45	120.28	137.02	116.78
Total Debt	102.25	95.78	96.42	89.84	76.02
Net Cash (Debt)	-66.65	-49.84	-58.52	-52.46	-38.89
Net Cash Per Share	-0.07	-0.05	-0.06	-0.05	-0.04
Filing Date Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Total Common Shares Outstanding	1,011	1,011	1,011	1,011	1,011
Working Capital	6.27	17.87	13.65	12.01	4.59
Book Value Per Share	-0.04	-0.02	-0.01	-0.00	0.01
Tangible Book Value	-38.26	-24.38	-13.11	-2.69	8.26
Tangible Book Value Per Share	-0.04	-0.02	-0.01	-0.00	0.01
Machinery	71.13	70.02	71.16	79.87	82.55

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