HKG:8448 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	0.77	1.77	9.78	4.96	19.11	23.65
Short-Term Investments	1.42	3.61	5.31	0.4	-	-
Cash & Short-Term Investments	2.2	5.38	15.09	5.36	19.11	23.65
Cash Growth	-77.47%	-64.34%	181.35%	-71.94%	-19.17%	-24.39%
Accounts Receivable	12.77	58.23	4.86	3.92	4.79	6.63
Other Receivables	19.97	10.03	0.01	1.04	0.82	0.61
Receivables	32.74	68.26	4.87	4.96	5.61	7.23
Inventory	0.27	0.2	0.75	0.76	2.81	2.68
Prepaid Expenses	3.11	1.86	2.16	1.91	1.7	2.24
Other Current Assets	0.56	7.58	-	-	-	-
Total Current Assets	38.88	83.28	22.88	12.99	29.23	35.8
Property, Plant & Equipment	20.05	23.86	24.86	17.89	18.28	16.24
Other Intangible Assets	0.82	0.86	0.35	0.49	0.04	0.12
Long-Term Deferred Tax Assets	0.33	0.3	0.76	0.35	0.23	0.8
Other Long-Term Assets	1.05	1.05	3.66	1.09	1.58	1.67
Total Assets	61.13	109.35	52.52	32.81	49.36	54.64
Accounts Payable	8.73	62.32	4.94	15.57	10.13	10.11
Accrued Expenses	5.38	3.76	2.67	2.54	3.85	3.08
Short-Term Debt	11.35	12.38	9.76	-	-	-
Current Portion of Leases	4.4	6.81	8.84	7.79	7.45	7.86
Current Income Taxes Payable	0.02	-	-	-	-	-
Current Unearned Revenue	5.88	3.46	1.97	1.81	1.73	2.04
Other Current Liabilities	5.46	2.54	1.54	1.86	1.9	1.87
Total Current Liabilities	41.22	91.26	29.73	29.58	25.06	24.96
Long-Term Leases	8.62	10.16	15.65	3.5	4.24	5.41
Long-Term Deferred Tax Liabilities	0.12	0.19	-	0.42	0.23	0
Total Liabilities	49.95	101.61	45.38	33.49	29.54	30.37
Common Stock	1	24.95	24.95	9	9	9
Additional Paid-In Capital	50.13	50.13	50.13	29.64	29.64	29.64
Retained Earnings	-59.88	-87.22	-87.84	-59.4	-38.9	-34.45
Comprehensive Income & Other	20.05	20.01	20.08	20.08	20.08	20.08
Total Common Equity	11.29	7.86	7.32	-0.68	19.82	24.27
Minority Interest	-0.12	-0.13	-0.18	-	-	-
Shareholders' Equity	11.18	7.74	7.14	-0.68	19.82	24.27
Total Liabilities & Equity	61.13	109.35	52.52	32.81	49.36	54.64
Total Debt	24.36	29.34	34.25	11.29	11.69	13.27
Net Cash (Debt)	-22.17	-23.96	-19.16	-5.93	7.43	10.37
Net Cash Growth	-	-	-	-	-28.41%	-38.10%
Net Cash Per Share	-0.22	-0.24	-0.32	-0.16	0.21	0.29
Filing Date Shares Outstanding	99.8	99.8	99.8	36	36	36
Total Common Shares Outstanding	99.8	99.8	99.8	36	36	36
Working Capital	-2.33	-7.98	-6.85	-16.59	4.17	10.84
Book Value Per Share	0.11	0.08	0.07	-0.02	0.55	0.67
Tangible Book Value	10.47	7.01	6.97	-1.17	19.79	24.15
Tangible Book Value Per Share	0.10	0.07	0.07	-0.03	0.55	0.67
Machinery	-	9.58	9.62	32.62	41.69	39.51
Leasehold Improvements	-	4.62	1.82	2.08	4.25	4.09

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