Lapco 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	35.82	58.99	72.28	21.08	40.48
Cash & Short-Term Investments	35.82	58.99	72.28	21.08	40.48
Cash Growth	-39.29%	-18.38%	242.80%	-47.92%	13.77%
Accounts Receivable	80.94	46.33	126.5	163.81	119.82
Other Receivables	12.98	8.46	3.84	4.11	5.96
Receivables	93.93	54.79	130.34	167.92	125.77
Prepaid Expenses	-	-	-	-	4.88
Restricted Cash	17.7	17.7	29.7	29.7	21.7
Other Current Assets	15.42	29.38	9.23	9.9	2.7
Total Current Assets	162.86	160.86	241.55	228.6	195.53
Property, Plant & Equipment	25.41	43.22	71.7	78.15	51.41
Other Intangible Assets	2.45	0.16	-	-	-
Long-Term Deferred Tax Assets	0.5	0.76	0.48	-	-
Other Long-Term Assets	5.5	2.18	16.59	15.23	3.87
Total Assets	196.73	207.18	330.32	321.98	250.81
Accounts Payable	11.11	4.25	12.26	14.19	5.68
Accrued Expenses	14.18	14.09	64.88	64.73	37.45
Short-Term Debt	0.02	9.24	54.67	78.51	91.9
Current Portion of Leases	6.96	7.04	11.38	12.12	14.87
Current Income Taxes Payable	0.31	2.15	0.32	1.76	-
Other Current Liabilities	12.92	6.85	36.18	29.42	21.88
Total Current Liabilities	45.5	43.63	179.7	200.72	171.78
Long-Term Leases	4.69	11.65	22.3	22.27	12.72
Long-Term Deferred Tax Liabilities	1.37	2.72	5.04	0.72	0.72
Other Long-Term Liabilities	2.57	2.81	22	18.97	6.61
Total Liabilities	54.13	60.81	229.04	242.67	191.83
Common Stock	23.04	19.2	4.8	4	4
Additional Paid-In Capital	67.02	65.78	38.47	31.36	31.36
Retained Earnings	41.49	50.34	46.96	32.9	12.57
Comprehensive Income & Other	11.05	11.05	11.05	11.05	11.05
Shareholders' Equity	142.61	146.38	101.28	79.31	58.98
Total Liabilities & Equity	196.73	207.18	330.32	321.98	250.81
Total Debt	11.66	27.93	88.36	112.89	119.5
Net Cash (Debt)	24.15	31.07	-16.08	-91.81	-79.02
Net Cash Growth	-22.25%	-	-	-	-
Net Cash Per Share	0.22	0.36	-0.43	-4.59	-3.95
Filing Date Shares Outstanding	115.2	96	24	20	20
Total Common Shares Outstanding	115.2	96	24	20	20
Working Capital	117.36	117.23	61.85	27.88	23.75
Book Value Per Share	1.24	1.52	4.22	3.97	2.95
Tangible Book Value	140.15	146.22	101.28	79.31	58.98
Tangible Book Value Per Share	1.22	1.52	4.22	3.97	2.95
Machinery	123.23	134	206.12	208.27	145.27
Leasehold Improvements	1.76	1.76	0.87	0.87	0.69