THAC Group (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	3.8	0.82	6.19	1.74	17.27
Cash & Short-Term Investments	3.8	0.82	6.19	1.74	17.27
Cash Growth	366.63%	-86.82%	256.28%	-89.95%	-32.55%
Accounts Receivable	5.93	0.36	0.8	0.74	0.85
Other Receivables	0.03	0.11	0.8	0.44	0.24
Receivables	5.96	0.47	1.6	1.18	1.09
Inventory	0.42	21.9	22.04	31.17	43.29
Prepaid Expenses	-	0.53	0.84	0.69	1.09
Other Current Assets	-	2.35	2.33	2.74	2.9
Total Current Assets	10.18	26.08	32.99	37.51	65.64
Property, Plant & Equipment	38.84	1.11	2.48	0.84	9.83
Other Long-Term Assets	1.23	0.15	0.46	0.57	2.22
Total Assets	50.25	27.34	35.93	38.93	77.69
Accounts Payable	14.18	2.29	2.95	3.07	2.34
Accrued Expenses	-	1.57	1.49	1.39	2.18
Short-Term Debt	0.02	6.72	4.1	1.21	11.98
Current Portion of Leases	5.14	2.37	4.29	4.55	6.53
Current Unearned Revenue	0.03	0.01	0.01	0.12	0.03
Other Current Liabilities	2.46	4.84	3.8	5.82	7.65
Total Current Liabilities	21.83	17.8	16.64	16.15	30.72
Long-Term Leases	26.6	0.04	1.13	1.3	5.84
Pension & Post-Retirement Benefits	-	-	-	0.69	-
Other Long-Term Liabilities	1	-	0.35	0.43	0.38
Total Liabilities	49.43	17.83	18.12	18.57	36.94
Common Stock	11.15	11.15	11.15	4.46	4.46
Additional Paid-In Capital	-	133.45	133.45	127.33	127.33
Retained Earnings	-	-135.85	-127.54	-112.2	-91.8
Comprehensive Income & Other	-10.33	0.77	0.77	0.77	0.77
Total Common Equity	0.82	9.51	17.82	20.36	40.75
Shareholders' Equity	0.82	9.51	17.82	20.36	40.75
Total Liabilities & Equity	50.25	27.34	35.93	38.93	77.69
Total Debt	31.76	9.12	9.51	7.05	24.36
Net Cash (Debt)	-27.96	-8.31	-3.33	-5.32	-7.09
Net Cash Per Share	-0.50	-0.15	-0.11	-0.24	-0.32
Filing Date Shares Outstanding	55.76	55.75	55.75	22.3	22.3
Total Common Shares Outstanding	55.76	55.75	55.75	22.3	22.3
Working Capital	-11.65	8.28	16.35	21.36	34.93
Book Value Per Share	0.01	0.17	0.32	0.91	1.83
Tangible Book Value	0.82	9.51	17.82	20.36	40.75
Tangible Book Value Per Share	0.01	0.17	0.32	0.91	1.83
Machinery	-	8.97	8.97	8.71	9.73
Leasehold Improvements	-	10.63	10.67	10.14	12.2

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