Link 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	1.99	13.23	26.04	12.38	26.36
Short-Term Investments	0.6	2.33	1.72	0.84	1.28
Trading Asset Securities	13.89	-	-	1.4	-
Cash & Short-Term Investments	16.48	15.56	27.76	14.62	27.65
Cash Growth	5.94%	-43.96%	89.89%	-47.12%	-32.56%
Accounts Receivable	2.82	2.69	6.86	4.76	3.83
Other Receivables	0.42	19.83	30.81	37.65	41.72
Receivables	3.24	22.53	37.67	42.41	45.55
Inventory	0.49	0.52	0.32	0.26	0.58
Prepaid Expenses	0.18	0.62	0.57	0.71	0.93
Other Current Assets	-	-	-	9.74	11.18
Total Current Assets	20.39	39.23	66.31	67.73	85.87
Property, Plant & Equipment	201.16	456.55	549.83	381.16	594.25
Long-Term Deferred Tax Assets	6.77	-	-	-	-
Other Long-Term Assets	0.73	0.75	0.8	168.4	2.48
Total Assets	229.05	496.53	616.94	617.29	682.6
Accounts Payable	0.79	0.96	1.36	0.69	0.73
Accrued Expenses	13.02	25.19	43.81	33.94	20.11
Short-Term Debt	-	-	-	12.91	-
Current Portion of Long-Term Debt	7.94	427.86	377.25	312.45	224.06
Current Portion of Leases	0.16	0.45	0.95	0.53	1.09
Current Income Taxes Payable	-	0.45	2.3	0.33	5
Current Unearned Revenue	-	0	0.22	0.02	0.77
Other Current Liabilities	98.75	83.93	63.44	61.51	66.32
Total Current Liabilities	120.65	538.83	489.33	422.38	318.07
Long-Term Debt	1.62	16.6	28.11	19.22	113.11
Long-Term Leases	0.04	-	0.48	0.33	0.85
Long-Term Deferred Tax Liabilities	-	14.86	18.4	19.16	21.23
Other Long-Term Liabilities	7.31	7.53	8.02	7.93	8.65
Total Liabilities	129.62	577.81	544.34	469.01	461.9
Common Stock	5.03	4.19	4.19	3.49	3.49
Additional Paid-In Capital	-	363.35	363.35	333.12	333.12
Retained Earnings	-	-437.18	-301.42	-213.17	-158.88
Comprehensive Income & Other	101.35	-8.63	5.08	23.14	40.31
Total Common Equity	106.37	-78.27	71.2	146.58	218.04
Minority Interest	-6.95	-3.01	1.4	1.69	2.66
Shareholders' Equity	99.42	-81.28	72.6	148.27	220.7
Total Liabilities & Equity	229.05	496.53	616.94	617.29	682.6
Total Debt	9.76	444.91	406.79	345.44	339.1
Net Cash (Debt)	6.72	-429.35	-379.04	-330.82	-311.46
Net Cash Per Share	0.04	-2.56	-2.31	-2.37	-2.23
Filing Date Shares Outstanding	201.02	167.52	167.52	139.6	139.6
Total Common Shares Outstanding	201.02	167.52	167.52	139.6	139.6
Working Capital	-100.26	-499.6	-423.02	-354.65	-232.19
Book Value Per Share	0.53	-0.47	0.43	1.05	1.56
Tangible Book Value	106.37	-78.27	71.2	146.58	218.04
Tangible Book Value Per Share	0.53	-0.47	0.43	1.05	1.56
Land	-	154.03	174.86	9.7	192.73
Buildings	-	115.27	120.39	119.46	115.82
Machinery	-	24.53	25.54	25.3	24.76
Construction In Progress	-	168.04	176.98	175.15	190.1
Leasehold Improvements	-	121.87	129.41	129.07	133.02

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