Harbour Equine 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	1.91	3.78	4.12	2.17	27.28
Short-Term Investments	0.14	0.74	9.1	15.92	11.05
Cash & Short-Term Investments	2.05	4.52	13.22	18.09	38.33
Cash Growth	-54.73%	-65.79%	-26.91%	-52.81%	88.64%
Accounts Receivable	9.36	18.23	15.35	18.56	18.85
Other Receivables	1.13	1.03	0.56	1.58	-
Receivables	10.49	19.26	17.31	22.56	21.31
Inventory	1.96	2.15	5.78	9.01	14.05
Prepaid Expenses	0.81	0.66	1.68	2.81	2.24
Other Current Assets	0.15	6.96	9.55	45.41	10.51
Total Current Assets	15.47	33.56	47.54	97.87	86.43
Property, Plant & Equipment	0.04	0.91	5.93	7.11	11.2
Long-Term Investments	-	-	-	0.06	0.23
Goodwill	-	6.68	6.68	6.68	6.68
Other Intangible Assets	-	-	3.79	3.79	-
Long-Term Deferred Tax Assets	0.82	-	-	-	-
Other Long-Term Assets	-	-	15.39	21.01	16.45
Total Assets	16.32	41.15	79.33	136.52	120.99
Accounts Payable	7.79	6.72	12.86	23.35	7.39
Short-Term Debt	0.02	1.3	33.45	33.52	5.81
Current Portion of Leases	0.46	0.39	1.05	1.2	2.82
Current Income Taxes Payable	-	0.27	1.32	1.14	0.8
Current Unearned Revenue	0.33	0.38	4.17	0.16	3.29
Other Current Liabilities	5.88	24.26	5.23	8.6	7.89
Total Current Liabilities	14.48	33.33	58.07	67.97	28
Long-Term Debt	19.37	22.61	-	-	-
Long-Term Leases	0.27	0.27	0.9	-	1.22
Pension & Post-Retirement Benefits	0.23	0.15	0.3	-	-
Long-Term Deferred Tax Liabilities	-	0	0.68	0.62	-
Total Liabilities	34.36	56.35	59.94	68.59	29.22
Common Stock	24.55	20.46	20.46	20.46	20.46
Additional Paid-In Capital	-	130.67	130.67	130.67	130.67
Retained Earnings	-	-174.28	-140.88	-94.06	-71.15
Comprehensive Income & Other	-42.58	7.95	9.14	10.85	11.79
Shareholders' Equity	-18.03	-15.2	19.39	67.93	91.77
Total Liabilities & Equity	16.32	41.15	79.33	136.52	120.99
Total Debt	20.13	24.57	35.39	34.71	9.85
Net Cash (Debt)	-18.08	-20.05	-22.17	-16.63	28.47
Net Cash Growth	-	-	-	-	83.49%
Net Cash Per Share	-0.04	-0.05	-0.05	-0.04	0.08
Filing Date Shares Outstanding	490.94	409.14	409.14	409.14	409.14
Total Common Shares Outstanding	490.94	409.14	409.14	409.14	409.14
Working Capital	0.99	0.23	-10.53	29.9	58.44
Book Value Per Share	-0.04	-0.04	0.05	0.17	0.22
Tangible Book Value	-18.03	-21.88	8.92	57.46	85.08
Tangible Book Value Per Share	-0.04	-0.05	0.02	0.14	0.21
Buildings	-	-	4.19	4.19	4.19
Machinery	-	1.41	30.11	33.11	36.06
Leasehold Improvements	-	0.58	1.09	1.15	0.92

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.