Link 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	5.83	13.23	26.04	12.38	26.36	39.52
Short-Term Investments	-	2.33	1.72	0.84	1.28	1.47
Trading Asset Securities	-	-	-	1.4	-	-
Cash & Short-Term Investments	5.83	15.56	27.76	14.62	27.65	41
Cash Growth	-74.00%	-43.96%	89.89%	-47.12%	-32.56%	7.35%
Accounts Receivable	0.81	2.69	6.86	4.76	3.83	6.36
Other Receivables	22.88	19.83	30.81	37.65	41.72	66.63
Receivables	23.69	22.53	37.67	42.41	45.55	72.99
Inventory	0.46	0.52	0.32	0.26	0.58	0.44
Prepaid Expenses	-	0.62	0.57	0.71	0.93	1.52
Other Current Assets	-	-	-	9.74	11.18	10.82
Total Current Assets	29.97	39.23	66.31	67.73	85.87	126.77
Property, Plant & Equipment	480.05	456.55	549.83	381.16	594.25	699.77
Other Long-Term Assets	0.76	0.75	0.8	168.4	2.48	2.54
Total Assets	510.78	496.53	616.94	617.29	682.6	829.08
Accounts Payable	1.56	0.96	1.36	0.69	0.73	1.56
Accrued Expenses	-	25.19	43.81	33.94	20.11	12.34
Short-Term Debt	-	-	-	12.91	-	-
Current Portion of Long-Term Debt	489.08	427.86	377.25	312.45	224.06	227.24
Current Portion of Leases	0.26	0.45	0.95	0.53	1.09	0.6
Current Income Taxes Payable	0.44	0.45	2.3	0.33	5	3.71
Current Unearned Revenue	-	0	0.22	0.02	0.77	0.77
Other Current Liabilities	118.51	83.93	63.44	61.51	66.32	87.85
Total Current Liabilities	609.84	538.83	489.33	422.38	318.07	334.07
Long-Term Debt	17.74	16.6	28.11	19.22	113.11	121.04
Long-Term Leases	0.12	-	0.48	0.33	0.85	0.62
Long-Term Deferred Tax Liabilities	15.91	14.86	18.4	19.16	21.23	21.91
Other Long-Term Liabilities	7.6	7.53	8.02	7.93	8.65	8.79
Total Liabilities	651.21	577.81	544.34	469.01	461.9	486.44
Common Stock	5.03	4.19	4.19	3.49	3.49	3.49
Additional Paid-In Capital	366.46	363.35	363.35	333.12	333.12	333.12
Retained Earnings	-478.74	-437.18	-301.42	-213.17	-158.88	-45.81
Comprehensive Income & Other	-30.11	-8.63	5.08	23.14	40.31	46.36
Total Common Equity	-137.36	-78.27	71.2	146.58	218.04	337.16
Minority Interest	-3.07	-3.01	1.4	1.69	2.66	5.48
Shareholders' Equity	-140.43	-81.28	72.6	148.27	220.7	342.64
Total Liabilities & Equity	510.78	496.53	616.94	617.29	682.6	829.08
Total Debt	507.19	444.91	406.79	345.44	339.1	349.5
Net Cash (Debt)	-501.37	-429.35	-379.04	-330.82	-311.46	-308.51
Net Cash Per Share	-2.97	-2.56	-2.31	-2.37	-2.23	-2.21
Filing Date Shares Outstanding	201.02	167.52	167.52	139.6	139.6	139.6
Total Common Shares Outstanding	201.02	167.52	167.52	139.6	139.6	139.6
Working Capital	-579.86	-499.6	-423.02	-354.65	-232.19	-207.3
Book Value Per Share	-0.68	-0.47	0.43	1.05	1.56	2.42
Tangible Book Value	-137.36	-78.27	71.2	146.58	218.04	337.16
Tangible Book Value Per Share	-0.68	-0.47	0.43	1.05	1.56	2.42
Land	-	154.03	174.86	9.7	192.73	195.33
Buildings	-	115.27	120.39	119.46	115.82	141.39
Machinery	-	24.53	25.54	25.3	24.76	24.98
Construction In Progress	-	168.04	176.98	175.15	190.1	193.09
Leasehold Improvements	-	121.87	129.41	129.07	133.02	139.68

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