M&L Holdings 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	31.1	23.39	28.3	28.24	25.97	21.06
Cash & Short-Term Investments	31.1	23.39	28.3	28.24	25.97	21.06
Cash Growth	7.28%	-17.36%	0.24%	8.73%	23.30%	-16.12%
Accounts Receivable	49.03	62.34	70.31	74.95	90.83	100.76
Other Receivables	1.55	0.88	1.55	1.55	2.06	2.64
Receivables	50.57	63.22	71.86	76.5	92.89	103.4
Inventory	30.65	31.09	33.06	42.94	34.76	41.27
Prepaid Expenses	0.99	0.8	1.34	1.33	0.26	0.27
Other Current Assets	8.06	29.45	4.96	4.46	2.97	1.61
Total Current Assets	121.38	147.95	139.52	153.47	156.84	167.61
Property, Plant & Equipment	27.63	13.15	33.78	32.77	33.81	29.04
Long-Term Deferred Tax Assets	2.03	0.96	1.53	2.7	2.7	3.63
Other Long-Term Assets	10.44	6.35	5.77	5.89	5.43	4.84
Total Assets	161.48	168.42	180.6	194.83	198.78	205.12
Accounts Payable	22.75	28.51	25.92	34.98	36.13	46.28
Accrued Expenses	3.4	3.18	5.71	4.69	4.16	4.56
Short-Term Debt	3.4	2	3.22	3.72	4	4.9
Current Portion of Long-Term Debt	11.74	19.69	24.59	27.83	28.44	23.67
Current Portion of Leases	0.82	1.31	1.35	1.82	1.04	1.96
Current Income Taxes Payable	5.77	-	1.13	-	-	0.63
Current Unearned Revenue	8.15	-	0.4	11.47	2.57	1.44
Other Current Liabilities	5.53	5.53	5.88	6.35	7.4	8.45
Total Current Liabilities	61.56	60.22	68.2	90.85	83.73	91.89
Long-Term Debt	0.91	1.79	3.48	5.07	7.9	3.33
Long-Term Leases	0.05	0.24	0.54	0.79	1.1	0.11
Long-Term Deferred Tax Liabilities	1.02	5.5	3.07	2.39	2.34	1.73
Other Long-Term Liabilities	0.53	0.53	0.62	0.51	0.29	0.31
Total Liabilities	64.06	68.27	75.91	99.6	95.36	97.37
Common Stock	6	6	6	6	6	6
Additional Paid-In Capital	63.33	63.33	63.33	63.33	63.33	63.33
Retained Earnings	9.75	-1.98	10.79	3.84	12.25	21.31
Comprehensive Income & Other	17.25	31.61	23.2	21.05	20.68	15.77
Total Common Equity	96.33	98.96	103.32	94.23	102.27	106.41
Minority Interest	1.09	1.18	1.38	1	1.15	1.34
Shareholders' Equity	97.42	100.15	104.7	95.23	103.42	107.75
Total Liabilities & Equity	161.48	168.42	180.6	194.83	198.78	205.12
Total Debt	16.91	25.03	33.18	39.22	42.48	33.96
Net Cash (Debt)	14.19	-1.64	-4.87	-10.99	-16.51	-12.9
Net Cash Growth	358.31%	-	-	-	-	-
Net Cash Per Share	0.02	-0.00	-0.01	-0.02	-0.03	-0.02
Filing Date Shares Outstanding	600	600	600	600	600	600
Total Common Shares Outstanding	600	600	600	600	600	600
Working Capital	59.82	87.73	71.32	62.62	73.11	75.71
Book Value Per Share	0.16	0.16	0.17	0.16	0.17	0.18
Tangible Book Value	96.33	98.96	103.32	94.23	102.27	106.41
Tangible Book Value Per Share	0.16	0.16	0.17	0.16	0.17	0.18
Land	-	2.83	21.62	19.26	19.45	15.86
Machinery	-	16.65	17.59	17.9	18.05	12.51
Leasehold Improvements	-	2.06	2.15	2.35	2.16	2.51

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