Harbour Equine 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	3.15	3.78	4.12	2.17	27.28	11.92
Short-Term Investments	1.91	0.74	9.1	15.92	11.05	8.4
Cash & Short-Term Investments	5.06	4.52	13.22	18.09	38.33	20.32
Cash Growth	-46.51%	-65.79%	-26.91%	-52.81%	88.64%	-48.37%
Accounts Receivable	14.94	18.23	15.35	18.56	18.85	10.03
Other Receivables	-	1.03	0.56	1.58	-	-
Receivables	14.94	19.26	17.31	22.56	21.31	13.58
Inventory	2.15	2.15	5.78	9.01	14.05	12.07
Prepaid Expenses	1.42	0.66	1.68	2.81	2.24	2.18
Other Current Assets	0.51	6.96	9.55	45.41	10.51	-
Total Current Assets	24.09	33.56	47.54	97.87	86.43	48.14
Property, Plant & Equipment	0.08	0.91	5.93	7.11	11.2	7.85
Long-Term Investments	-	-	-	0.06	0.23	0.33
Goodwill	6.68	6.68	6.68	6.68	6.68	-
Other Intangible Assets	-	-	3.79	3.79	-	-
Other Long-Term Assets	-	-	15.39	21.01	16.45	4.82
Total Assets	30.85	41.15	79.33	136.52	120.99	61.14
Accounts Payable	4.6	6.72	12.86	23.35	7.39	5.51
Short-Term Debt	-	1.3	33.45	33.52	5.81	-
Current Portion of Leases	0.04	0.39	1.05	1.2	2.82	1.96
Current Income Taxes Payable	0	0.27	1.32	1.14	0.8	0.64
Current Unearned Revenue	-	0.38	4.17	0.16	3.29	0.03
Other Current Liabilities	10.83	24.26	5.23	8.6	7.89	4.56
Total Current Liabilities	15.47	33.33	58.07	67.97	28	12.69
Long-Term Debt	20.75	22.61	-	-	-	-
Long-Term Leases	-	0.27	0.9	-	1.22	2.84
Pension & Post-Retirement Benefits	0.15	0.15	0.3	-	-	-
Long-Term Deferred Tax Liabilities	0	0	0.68	0.62	-	-
Total Liabilities	36.37	56.35	59.94	68.59	29.22	15.53
Common Stock	20.46	20.46	20.46	20.46	20.46	12
Additional Paid-In Capital	130.67	130.67	130.67	130.67	130.67	68.39
Retained Earnings	-156.97	-174.28	-140.88	-94.06	-71.15	-43.91
Comprehensive Income & Other	0.32	7.95	9.14	10.85	11.79	9.13
Shareholders' Equity	-5.52	-15.2	19.39	67.93	91.77	45.61
Total Liabilities & Equity	30.85	41.15	79.33	136.52	120.99	61.14
Total Debt	20.79	24.57	35.39	34.71	9.85	4.8
Net Cash (Debt)	-15.73	-20.05	-22.17	-16.63	28.47	15.52
Net Cash Growth	-	-	-	-	83.49%	16.14%
Net Cash Per Share	-0.04	-0.05	-0.05	-0.04	0.08	0.06
Filing Date Shares Outstanding	409.14	409.14	409.14	409.14	409.14	240
Total Common Shares Outstanding	409.14	409.14	409.14	409.14	409.14	240
Working Capital	8.61	0.23	-10.53	29.9	58.44	35.45
Book Value Per Share	-0.01	-0.04	0.05	0.17	0.22	0.19
Tangible Book Value	-12.2	-21.88	8.92	57.46	85.08	45.61
Tangible Book Value Per Share	-0.03	-0.05	0.02	0.14	0.21	0.19
Buildings	-	-	4.19	4.19	4.19	-
Machinery	-	1.41	30.11	33.11	36.06	35.52
Leasehold Improvements	-	0.58	1.09	1.15	0.92	0.07

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.