Man Shing Global Holdings Balance Sheet

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	47.25	75.94	73.19	70.98	73.58	70.55
Short-Term Investments	-	-	-	-	-	7.84
Cash & Short-Term Investments	47.25	75.94	73.19	70.98	73.58	78.38
Cash Growth	-58.41%	3.75%	3.12%	-3.54%	-6.12%	63.63%
Accounts Receivable	72.9	44.3	102.52	106.03	87.34	53.19
Other Receivables	7.62	2.82	-	-	-	0.7
Receivables	80.52	47.12	102.52	106.03	87.34	53.89
Prepaid Expenses	8.73	9.96	15.86	18.63	17.54	4.01
Restricted Cash	-	0.61	1.02	1.36	-	1.38
Other Current Assets	4.95	23.46	78.73	57.58	63.01	33.13
Total Current Assets	141.44	157.08	271.33	254.57	241.48	170.78
Property, Plant & Equipment	49.32	49.79	57.5	61.84	47.81	23.57
Long-Term Investments	-	1.78	1.76	-	-	-
Goodwill	4.09	4.09	4.09	4.09	4.09	4.09
Long-Term Deferred Tax Assets	1.9	0.42	10.44	6.56	-	-
Other Long-Term Assets	-	0.39	0.39	3	5.08	-
Total Assets	196.76	213.56	345.52	330.05	298.47	198.44
Accounts Payable	14.75	12.75	13.51	11.61	10	7.03
Accrued Expenses	31.29	49.99	123.54	72.64	56.45	46.4
Short-Term Debt	-	5.5	17.24	31.18	75.68	16.04
Current Portion of Long-Term Debt	-	-	-	-	-	1.26
Current Portion of Leases	4.63	6.16	13.29	16.32	19.14	8.05
Current Income Taxes Payable	-	-	1	6.53	3.07	0.95
Other Current Liabilities	-	0.68	0.8	0.66	0.24	0.49
Total Current Liabilities	50.67	75.07	169.38	138.94	164.59	80.22
Long-Term Leases	0.8	2.25	7.84	20.66	21.34	12.11
Pension & Post-Retirement Benefits	10.39	2.37	28.51	45.54	15.44	2.84
Long-Term Deferred Tax Liabilities	2.1	1.95	0.64	1.88	2.35	1.76
Total Liabilities	63.96	81.64	206.37	207.01	203.71	96.94
Common Stock	6	6	6	6	6	6
Additional Paid-In Capital	33.46	33.46	33.46	33.46	33.46	42.46
Retained Earnings	93.21	92.32	99.55	83.45	55.19	52.93
Comprehensive Income & Other	0.11	0.11	0.11	0.11	0.11	0.11
Total Common Equity	132.78	131.9	139.13	123.02	94.76	101.51
Minority Interest	0.02	0.02	0.02	0.02	-	-
Shareholders' Equity	132.8	131.91	139.14	123.04	94.76	101.51
Total Liabilities & Equity	196.76	213.56	345.52	330.05	298.47	198.44
Total Debt	5.43	13.91	38.38	68.16	116.16	37.46
Net Cash (Debt)	41.82	62.03	34.82	2.82	-42.58	40.92
Net Cash Growth	-31.96%	78.17%	1133.33%	-	-	455.89%
Net Cash Per Share	0.07	0.10	0.06	0.00	-0.07	0.07
Filing Date Shares Outstanding	600	600	600	600	600	600
Total Common Shares Outstanding	600	600	600	600	600	600
Working Capital	90.78	82.01	101.95	115.63	76.89	90.56
Book Value Per Share	0.22	0.22	0.23	0.21	0.16	0.17
Tangible Book Value	128.68	127.8	135.03	118.93	90.67	97.41
Tangible Book Value Per Share	0.21	0.21	0.23	0.20	0.15	0.16
Land	-	22.8	13.7	13.7	-	-
Machinery	-	58.56	70.75	48.01	45.09	40.16
Leasehold Improvements	-	4.17	4.17	0.66	0.66	0.66

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