Lapco 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	44.73	58.99	72.28	21.08	40.48	35.58
Cash & Short-Term Investments	44.73	58.99	72.28	21.08	40.48	35.58
Cash Growth	-46.89%	-18.38%	242.80%	-47.92%	13.77%	69.19%
Accounts Receivable	73.41	46.33	126.5	163.81	119.82	105.63
Other Receivables	25.67	8.46	3.84	4.11	5.96	15.44
Receivables	99.08	54.79	130.34	167.92	125.77	121.06
Prepaid Expenses	-	-	-	5.93	4.88	-
Restricted Cash	17.7	17.7	29.7	29.7	21.7	43.49
Other Current Assets	-	29.38	9.23	3.97	2.7	-
Total Current Assets	161.51	160.86	241.55	228.6	195.53	200.14
Property, Plant & Equipment	34	43.22	71.7	78.15	51.41	47.3
Other Intangible Assets	0.14	0.16	-	-	-	-
Long-Term Deferred Tax Assets	0.76	0.76	0.48	-	-	-
Other Long-Term Assets	3.56	2.18	16.59	15.23	3.87	6.99
Total Assets	199.98	207.18	330.32	321.98	250.81	254.42
Accounts Payable	5.42	4.25	12.26	14.19	5.68	4.93
Accrued Expenses	13.02	14.09	64.88	64.73	37.45	42.95
Short-Term Debt	0.02	9.24	54.67	78.51	91.9	70.67
Current Portion of Long-Term Debt	-	-	-	-	-	11
Current Portion of Leases	7.21	7.04	11.38	12.12	14.87	22.77
Current Income Taxes Payable	1.85	2.15	0.32	1.76	-	0.59
Other Current Liabilities	8.35	6.85	36.18	29.42	21.88	35.08
Total Current Liabilities	35.87	43.63	179.7	200.72	171.78	187.98
Long-Term Leases	8	11.65	22.3	22.27	12.72	8.76
Long-Term Deferred Tax Liabilities	2.72	2.72	5.04	0.72	0.72	0.09
Other Long-Term Liabilities	4.76	2.81	22	18.97	6.61	3.98
Total Liabilities	51.35	60.81	229.04	242.67	191.83	200.8
Common Stock	23.04	19.2	4.8	4	4	4
Additional Paid-In Capital	67.02	65.78	38.47	31.36	31.36	31.36
Retained Earnings	47.51	50.34	46.96	32.9	12.57	7.21
Comprehensive Income & Other	11.05	11.05	11.05	11.05	11.05	11.05
Shareholders' Equity	148.62	146.38	101.28	79.31	58.98	53.62
Total Liabilities & Equity	199.98	207.18	330.32	321.98	250.81	254.42
Total Debt	15.23	27.93	88.36	112.89	119.5	113.2
Net Cash (Debt)	29.49	31.07	-16.08	-91.81	-79.02	-77.61
Net Cash Per Share	0.32	0.36	-0.43	-4.59	-3.95	-3.88
Filing Date Shares Outstanding	115.2	96	24	20	20	20
Total Common Shares Outstanding	115.2	96	24	20	20	20
Working Capital	125.64	117.23	61.85	27.88	23.75	12.16
Book Value Per Share	1.29	1.52	4.22	3.97	2.95	2.68
Tangible Book Value	148.48	146.22	101.28	79.31	58.98	53.62
Tangible Book Value Per Share	1.29	1.52	4.22	3.97	2.95	2.68
Machinery	-	134	206.12	208.27	145.27	94.35
Leasehold Improvements	-	1.76	0.87	0.87	0.69	0.69

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