Kinetix Systems Holdings Balance Sheet

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	56.82	31.19	30.32	25.19	29.97	35.79
Cash & Short-Term Investments	56.82	31.19	30.32	25.19	29.97	35.79
Cash Growth	25.65%	2.85%	20.37%	-15.93%	-16.28%	-40.32%
Accounts Receivable	152.08	139.25	154.84	136.42	107.87	109.51
Other Receivables	41.29	0.81	0.58	1.27	1.07	0.26
Receivables	193.37	140.06	155.43	137.68	108.94	109.77
Inventory	-	-	3.37	6.75	11.86	15.3
Prepaid Expenses	-	0.16	0.16	0.16	0.16	0.16
Other Current Assets	-	-	-	-	9.27	5.83
Total Current Assets	250.19	171.4	189.28	169.78	160.19	166.86
Property, Plant & Equipment	13.56	3.93	4.94	21.92	26.59	2.96
Other Intangible Assets	-	-	-	-	45.07	-
Long-Term Accounts Receivable	-	-	-	-	2.39	7.24
Long-Term Deferred Tax Assets	-	-	-	-	-	0.1
Other Long-Term Assets	8.7	7.39	7.39	8.15	7.46	9.68
Total Assets	272.45	182.73	201.62	199.85	241.7	186.83
Accounts Payable	37.91	33.41	56.61	44.61	39.03	22.56
Accrued Expenses	60.89	53.48	39.8	35.58	23.03	36.2
Short-Term Debt	-	0.26	1.38	2.45	11.72	6.78
Current Portion of Leases	4.82	2.15	2.23	8	6.09	4.47
Current Income Taxes Payable	-	-	0.02	-	-	1.55
Current Unearned Revenue	77.06	12.06	10.65	19.57	7.35	8.29
Other Current Liabilities	16.25	15.75	18.33	17.53	9.32	4.75
Total Current Liabilities	196.92	117.12	129.01	127.74	96.55	84.6
Long-Term Debt	0.11	0.05	-	-	-	-
Long-Term Leases	7.83	1.06	1.17	12.3	15.49	4.33
Long-Term Deferred Tax Liabilities	0.08	0.02	0.05	0.15	0.06	-
Total Liabilities	204.94	118.25	130.23	140.18	112.1	88.93
Common Stock	14.46	14.46	14.46	9.64	9.64	8
Additional Paid-In Capital	115.95	115.95	115.95	90.87	90.87	43.2
Retained Earnings	-55.32	-57.8	-53.1	-39.01	28.05	47.91
Comprehensive Income & Other	2.34	2.37	2.43	3.34	3.36	0.01
Total Common Equity	77.42	74.98	79.74	64.83	131.92	99.12
Minority Interest	-9.92	-10.5	-8.35	-5.16	-2.32	-1.22
Shareholders' Equity	67.5	64.48	71.39	59.67	129.6	97.9
Total Liabilities & Equity	272.45	182.73	201.62	199.85	241.7	186.83
Total Debt	12.76	3.52	4.77	22.75	33.3	15.58
Net Cash (Debt)	44.06	27.67	25.55	2.45	-3.33	20.21
Net Cash Growth	4.29%	8.28%	945.03%	-	-	-63.62%
Net Cash Per Share	0.03	0.02	0.02	0.00	-0.00	0.03
Filing Date Shares Outstanding	1,446	1,446	1,446	1,446	963.9	800
Total Common Shares Outstanding	1,446	1,446	1,446	963.9	963.9	800
Working Capital	53.27	54.28	60.27	42.04	63.64	82.26
Book Value Per Share	0.05	0.05	0.06	0.07	0.14	0.12
Tangible Book Value	77.42	74.98	79.74	64.83	86.85	99.12
Tangible Book Value Per Share	0.05	0.05	0.06	0.07	0.09	0.12
Machinery	-	7.9	8.5	7.44	8.6	2.65
Leasehold Improvements	-	0.26	5.79	5.89	7.58	1.51

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