Man Sang International 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	14.31	23.42	19.04	32.87	31.77	153.79
Short-Term Investments	-	-	19.27	11.53	14.43	22.95
Cash & Short-Term Investments	14.31	23.42	38.31	44.4	46.2	176.74
Cash Growth	-60.15%	-38.87%	-13.70%	-3.90%	-73.86%	-87.31%
Accounts Receivable	45.54	55.84	25.12	33.26	19.87	15.15
Other Receivables	22.49	16.59	14.14	9.61	6.16	15.78
Receivables	68.03	72.43	39.26	42.88	26.04	30.93
Inventory	0.06	261.15	307.07	380.13	470.03	461.06
Prepaid Expenses	-	-	1.35	1.1	1.76	1.83
Total Current Assets	82.4	357	385.99	468.5	544.01	670.56
Property, Plant & Equipment	36.58	522.94	588.32	719.87	836.71	854.72
Long-Term Investments	-	-	-	-	2.74	11.24
Other Intangible Assets	1.62	1.61	1.62	1.65	1.71	1.69
Long-Term Deferred Tax Assets	19.14	21.13	-	-	-	-
Other Long-Term Assets	112.27	1,122	1,280	1,625	1,967	1,965
Total Assets	252	2,025	2,256	2,815	3,352	3,503
Accounts Payable	23.28	22.15	10.58	10.91	152.22	18.8
Accrued Expenses	26.14	104.55	98.16	84.54	2.42	84.43
Current Portion of Long-Term Debt	-	2,438	1,382	123.05	47.71	20.64
Current Portion of Leases	23.44	22.6	0.34	2.26	2.07	3.16
Current Income Taxes Payable	7.25	143.69	144.38	151.18	160.12	154.91
Current Unearned Revenue	2.66	3.67	3.58	2.92	-	-
Other Current Liabilities	-	50.73	55.11	88.94	-	109.69
Total Current Liabilities	82.76	2,785	1,695	463.8	364.55	391.63
Long-Term Debt	667.09	637.16	1,480	2,728	2,755	2,888
Long-Term Leases	53.12	61.92	-	8.64	10.78	12.86
Long-Term Deferred Tax Liabilities	36.51	36.38	10.22	12.7	15.06	21.12
Other Long-Term Liabilities	-	-	-	-	17.17	-
Total Liabilities	839.49	3,520	3,185	3,213	3,162	3,314
Common Stock	323.6	323.6	323.6	323.6	323.6	221.1
Additional Paid-In Capital	757.77	757.77	757.77	757.77	757.77	532.27
Retained Earnings	-2,149	-2,600	-2,007	-1,456	-972.6	-600.86
Comprehensive Income & Other	480.98	23.57	-1.38	-22.19	82.49	33.91
Total Common Equity	-586.74	-1,495	-927.36	-396.33	191.27	186.42
Minority Interest	-0.74	-0.67	-1.05	-1.43	-1.11	2.71
Shareholders' Equity	-587.49	-1,495	-928.41	-397.76	190.16	189.13
Total Liabilities & Equity	252	2,025	2,256	2,815	3,352	3,503
Total Debt	743.66	3,159	2,863	2,862	2,815	2,925
Net Cash (Debt)	-729.35	-3,136	-2,824	-2,818	-2,769	-2,748
Net Cash Per Share	-1.13	-4.85	-4.36	-4.35	-5.14	-6.61
Filing Date Shares Outstanding	647.2	647.2	647.2	647.2	647.2	442.2
Total Common Shares Outstanding	647.2	647.2	647.2	647.2	647.2	442.2
Working Capital	-0.37	-2,428	-1,309	4.7	179.47	278.93
Book Value Per Share	-0.91	-2.31	-1.43	-0.61	0.30	0.42
Tangible Book Value	-588.36	-1,496	-928.98	-397.99	189.56	184.73
Tangible Book Value Per Share	-0.91	-2.31	-1.44	-0.61	0.29	0.42
Land	-	8.58	8.53	9.74	11.55	11.55
Buildings	-	667.83	673.74	713	771.9	752.89
Machinery	-	65.59	67.52	71.21	73.02	67.3
Leasehold Improvements	-	-	-	14.59	14.59	14.59

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