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	28.4	8.46	3.84	4.11	5.96
Receivables	109.35	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	-	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	-	14.09	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	27.11	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	-	65.78	38.47	31.36	31.36
Retained Earnings	-	50.34	46.96	32.9	12.57
Comprehensive Income & Other	119.57	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	-	134	206.12	208.27	145.27
Leasehold Improvements	-	1.76	0.87	0.87	0.69

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