THAC Group (Holdings) 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	0.25	0.82	6.19	1.74	17.27	25.61
Cash & Short-Term Investments	0.25	0.82	6.19	1.74	17.27	25.61
Cash Growth	-7.78%	-86.82%	256.28%	-89.95%	-32.55%	-55.58%
Accounts Receivable	2.51	0.36	0.8	0.74	0.85	1.02
Other Receivables	0.03	0.11	0.8	0.44	0.24	1.25
Receivables	2.54	0.47	1.6	1.18	1.09	2.27
Inventory	21.75	21.9	22.04	31.17	43.29	34.06
Prepaid Expenses	0.82	0.53	0.84	0.69	1.09	2.42
Other Current Assets	-	2.35	2.33	2.74	2.9	2.5
Total Current Assets	25.36	26.08	32.99	37.51	65.64	66.86
Property, Plant & Equipment	0.88	1.11	2.48	0.84	9.83	17.41
Long-Term Deferred Tax Assets	-	-	-	-	-	1.57
Other Long-Term Assets	-	0.15	0.46	0.57	2.22	4.99
Total Assets	26.24	27.34	35.93	38.93	77.69	90.84
Accounts Payable	1.66	2.29	2.95	3.07	2.34	2.82
Accrued Expenses	1.89	1.57	1.49	1.39	2.18	0.28
Short-Term Debt	8.51	6.72	4.1	1.21	11.98	-
Current Portion of Leases	0.93	2.37	4.29	4.55	6.53	15.41
Current Income Taxes Payable	-	-	-	-	-	0
Current Unearned Revenue	0.4	0.01	0.01	0.12	0.03	0.17
Other Current Liabilities	6.33	4.84	3.8	5.82	7.65	4.11
Total Current Liabilities	19.71	17.8	16.64	16.15	30.72	22.79
Long-Term Leases	-	0.04	1.13	1.3	5.84	9.42
Pension & Post-Retirement Benefits	-	-	-	0.69	-	-
Other Long-Term Liabilities	-	-	0.35	0.43	0.38	1.32
Total Liabilities	19.71	17.83	18.12	18.57	36.94	33.53
Common Stock	11.15	11.15	11.15	4.46	4.46	4.46
Additional Paid-In Capital	133.45	133.45	133.45	127.33	127.33	127.33
Retained Earnings	-138.84	-135.85	-127.54	-112.2	-91.8	-75.25
Comprehensive Income & Other	0.77	0.77	0.77	0.77	0.77	0.77
Total Common Equity	6.53	9.51	17.82	20.36	40.75	57.3
Shareholders' Equity	6.53	9.51	17.82	20.36	40.75	57.3
Total Liabilities & Equity	26.24	27.34	35.93	38.93	77.69	90.84
Total Debt	9.44	9.12	9.51	7.05	24.36	24.83
Net Cash (Debt)	-9.19	-8.31	-3.33	-5.32	-7.09	0.78
Net Cash Growth	-	-	-	-	-	-96.86%
Net Cash Per Share	-0.16	-0.15	-0.11	-0.24	-0.32	0.03
Filing Date Shares Outstanding	55.75	55.75	55.75	22.3	22.3	22.3
Total Common Shares Outstanding	55.75	55.75	55.75	22.3	22.3	22.3
Working Capital	5.64	8.28	16.35	21.36	34.93	44.07
Book Value Per Share	0.12	0.17	0.32	0.91	1.83	2.57
Tangible Book Value	6.53	9.51	17.82	20.36	40.75	57.3
Tangible Book Value Per Share	0.12	0.17	0.32	0.91	1.83	2.57
Machinery	-	8.97	8.97	8.71	9.73	18.85
Leasehold Improvements	-	10.63	10.67	10.14	12.2	24.35

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