MS Concept 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	18.31	17.53	29.1	44.87	28.83	46.4
Cash & Short-Term Investments	24.28	17.53	29.1	44.87	28.83	46.4
Cash Growth	-32.72%	-39.77%	-35.15%	55.68%	-37.88%	-4.29%
Accounts Receivable	6.96	0.6	2.76	0.75	0.21	0.7
Other Receivables	-	0.03	0.12	0.12	2.01	1.41
Receivables	6.96	0.63	2.88	0.87	2.21	2.11
Inventory	0.42	0.5	0.85	0.68	0.41	0.61
Prepaid Expenses	-	1.37	1.73	1.13	0.93	2.53
Restricted Cash	3.82	3.57	2.09	2.06	2.04	2.04
Other Current Assets	-	8.44	7.08	6.04	5.04	10.69
Total Current Assets	35.48	32.04	43.72	55.65	39.46	64.37
Property, Plant & Equipment	45.46	50.59	77.49	63.63	60.21	56.1
Long-Term Deferred Tax Assets	1.85	2.8	3.91	3.53	4.53	4.24
Other Long-Term Assets	8.67	6.13	8.94	10.57	12.32	5.1
Total Assets	91.45	91.56	134.05	133.39	116.52	129.82
Accounts Payable	18.68	17.96	17.63	16.94	5.56	11.89
Accrued Expenses	7.63	5.54	4.99	4.37	5.21	3.8
Short-Term Debt	-	-	-	3.29	7.33	10.94
Current Portion of Leases	16.11	28.23	32.55	30.88	27.29	29.8
Current Income Taxes Payable	0.2	0.2	0.07	0.28	0.02	-
Current Unearned Revenue	2.25	0.33	0.18	0.16	0.04	0.38
Other Current Liabilities	1.72	1.9	1.62	1.92	0.38	2.36
Total Current Liabilities	46.59	54.15	57.05	57.85	45.84	59.17
Long-Term Leases	28.94	24.45	46.47	27.06	25.91	23.01
Other Long-Term Liabilities	1.34	2.06	2.43	1.77	2.01	-
Total Liabilities	76.88	80.66	105.95	86.68	73.77	82.18
Common Stock	10	10	10	10	10	10
Additional Paid-In Capital	31.94	31.94	31.94	31.94	31.94	31.94
Retained Earnings	-27.36	-31.04	-13.84	4.77	0.8	5.7
Shareholders' Equity	14.58	10.9	28.1	46.71	42.74	47.64
Total Liabilities & Equity	91.45	91.56	134.05	133.39	116.52	129.82
Total Debt	45.06	52.68	79.02	61.23	60.53	63.75
Net Cash (Debt)	-20.78	-35.15	-49.92	-16.36	-31.71	-17.35
Net Cash Per Share	-0.02	-0.04	-0.05	-0.02	-0.03	-0.02
Filing Date Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Total Common Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Working Capital	-11.12	-22.11	-13.33	-2.19	-6.39	5.2
Book Value Per Share	0.01	0.01	0.03	0.05	0.04	0.05
Tangible Book Value	14.58	10.9	28.1	46.71	42.74	47.64
Tangible Book Value Per Share	0.01	0.01	0.03	0.05	0.04	0.05
Machinery	-	11.87	12.36	11.74	11.74	11.37
Leasehold Improvements	-	35.05	34.57	32.49	32.23	27

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