Polyfair Holdings 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	0.9	0.81	12.7	14.53	12.5	10.62
Cash & Short-Term Investments	0.9	0.81	12.7	14.53	12.5	10.62
Cash Growth	-91.35%	-93.61%	-12.60%	16.22%	17.67%	31.16%
Accounts Receivable	156.63	165.24	283.01	218.96	178.04	150.49
Other Receivables	-	1.32	1.46	0.17	-	-
Receivables	156.63	166.57	284.47	219.13	178.04	150.49
Prepaid Expenses	1.71	0.19	18.51	32.66	18.78	3.73
Other Current Assets	-	45.51	47.15	36.04	27.41	27.38
Total Current Assets	159.23	213.08	362.83	302.35	236.74	192.22
Property, Plant & Equipment	1.4	0.1	1.71	3.2	1.95	3.78
Long-Term Deferred Tax Assets	-	-	0.66	0.77	0.78	0.85
Other Long-Term Assets	-	-	11.43	16.72	14.31	13.03
Total Assets	160.63	213.18	376.61	323.04	253.77	209.89
Accounts Payable	90.12	83.29	103.08	52.46	44.63	26.81
Accrued Expenses	3.11	13.1	7.5	7.15	7.2	5.78
Short-Term Debt	94.4	135	148.89	164.37	117.72	98.04
Current Portion of Leases	0.34	-	1.54	1.47	1.67	1.65
Current Income Taxes Payable	0.19	0.17	0.17	-	0.13	0.03
Current Unearned Revenue	-	-	3.11	1.83	-	-
Other Current Liabilities	37.93	39.53	37.93	17.19	13.39	9.57
Total Current Liabilities	226.1	271.08	302.22	244.47	184.74	141.87
Long-Term Debt	-	-	0.6	5	-	-
Long-Term Leases	0.66	-	-	1.54	-	1.67
Other Long-Term Liabilities	-	-	0.53	-	-	-
Total Liabilities	226.76	271.08	303.35	251.01	184.74	143.55
Common Stock	8.49	8.49	8	8	8	8
Additional Paid-In Capital	39.33	39.33	37.92	37.92	37.92	37.92
Retained Earnings	-116.96	-108.74	24.33	23.09	20.07	17.42
Comprehensive Income & Other	3.01	3.03	3.02	3.03	3.04	3.01
Shareholders' Equity	-66.13	-57.9	73.26	72.03	69.03	66.34
Total Liabilities & Equity	160.63	213.18	376.61	323.04	253.77	209.89
Total Debt	95.41	135	151.03	172.38	119.39	101.36
Net Cash (Debt)	-94.51	-134.19	-138.34	-157.86	-106.89	-90.74
Net Cash Per Share	-1.11	-1.63	-1.73	-1.97	-1.34	-1.13
Filing Date Shares Outstanding	84.87	84.87	80	80	80	80
Total Common Shares Outstanding	84.87	84.87	80	80	80	80
Working Capital	-66.87	-58	60.61	57.88	52	50.35
Book Value Per Share	-0.78	-0.68	0.92	0.90	0.86	0.83
Tangible Book Value	-66.13	-57.9	73.26	72.03	69.03	66.34
Tangible Book Value Per Share	-0.78	-0.68	0.92	0.90	0.86	0.83
Machinery	-	1.38	1.66	1.58	1.55	1.43
Leasehold Improvements	-	-	0.83	0.83	0.83	0.83

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