Top Standard Corporation (HKG:8510)

Top Standard Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1.68	1.68	2.59	2.42	1.18	2.98
Cash & Short-Term Investments	3.07	1.68	2.59	2.42	1.18	2.98
Cash Growth	66.40%	-35.01%	7.00%	104.92%	-60.48%	-66.94%
Accounts Receivable	1.55	1.62	0.64	0.19	0.22	0.03
Other Receivables	0.48	4.34	0.08	0.03	0.09	-
Receivables	2.03	5.96	0.72	0.22	0.31	0.03
Inventory	1.06	0.72	0.8	0.4	0.58	0.25
Prepaid Expenses	-	0.22	0.28	0.31	0.42	0.19
Restricted Cash	-	-	-	-	-	11.81
Other Current Assets	-	1.19	0.2	0.31	0.52	0.3
Total Current Assets	6.15	9.77	4.6	3.66	3.01	15.56
Property, Plant & Equipment	0.44	0.55	0.68	9.74	5.72	-
Long-Term Investments	-	-	0.18	0.25	-	-
Goodwill	-	-	-	-	0.11	0.11
Long-Term Deferred Tax Assets	-	-	-	0.32	-	-
Other Long-Term Assets	0.22	0.22	0.96	1.5	1.28	1.04
Total Assets	6.81	10.54	6.41	15.47	10.11	16.71

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	4.69	4.34	3.91	2.42	2.15	1.54
Accrued Expenses	-	7.74	6.24	4.55	12.53	10.4
Short-Term Debt	6.91	4.63	3.63	2.72	0.34	0.05
Current Portion of Long-Term Debt	-	-	1.72	1.6	-	-
Current Portion of Leases	0.98	1.27	1.51	2.43	3	1.91
Other Current Liabilities	10.35	7.57	6.05	4.3	3.53	5.05
Total Current Liabilities	22.94	25.55	23.07	18	21.55	18.95
Long-Term Debt	-	-	-	1.68	-	-
Long-Term Leases	3.48	3.91	3.5	3.72	4.11	4.59
Long-Term Deferred Tax Liabilities	0.03	0.03	0.32	0.32	-	-
Other Long-Term Liabilities	0.02	0.02	0.02	0.02	0.22	0.15
Total Liabilities	26.47	29.51	26.9	23.74	25.89	23.69

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	23.89	23.89	19.91	16.59	13.82	13.82
Additional Paid-In Capital	99.34	99.34	99.38	99.43	98.69	98.69
Retained Earnings	-133.02	-132.28	-131.27	-121.47	-127.48	-119.97
Comprehensive Income & Other	-1.74	-1.69	0.46	0.57	0.6	0.57
Total Common Equity	-11.53	-10.74	-11.53	-4.88	-14.36	-6.89
Minority Interest	-8.12	-8.24	-8.96	-3.39	-1.41	-0.1
Shareholders' Equity	-19.65	-18.97	-20.49	-8.27	-15.77	-6.98
Total Liabilities & Equity	6.81	10.54	6.41	15.47	10.11	16.71

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	11.37	9.82	10.36	12.14	7.46	6.55
Net Cash (Debt)	-8.3	-8.14	-7.78	-9.73	-6.28	-3.56
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.04	-0.04	-0.05	-0.07	-0.05	-0.03
Filing Date Shares Outstanding	238.88	238.88	199.07	165.89	138.24	138.24
Total Common Shares Outstanding	238.88	238.88	199.07	165.89	138.24	138.24
Working Capital	-16.78	-15.78	-18.47	-14.34	-18.54	-3.4
Book Value Per Share	-0.05	-0.04	-0.06	-0.03	-0.10	-0.05
Tangible Book Value	-11.53	-10.74	-11.53	-4.88	-14.47	-7
Tangible Book Value Per Share	-0.05	-0.04	-0.06	-0.03	-0.10	-0.05
Machinery	-	5.36	4.96	4.61	2.72	0.17
Leasehold Improvements	-	6.13	5.68	6.83	3.31	-

Data Source: S&P Global Market Intelligence Last updated: Aug 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 13, 2026

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