Ligao Foods Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	401.48	619.29	558.13	1,061	531.91	784.03
Trading Asset Securities	120.13	75.13	183.13	253.53	-	-
Cash & Short-Term Investments	521.61	694.42	741.26	1,314	531.91	784.03
Cash Growth	-45.22%	-6.32%	-43.59%	147.06%	-32.16%	283.89%
Accounts Receivable	391.73	379.12	285.55	219.45	265.14	200.36
Other Receivables	22.39	20.25	137.51	147.67	60.6	32.18
Receivables	414.12	399.37	423.07	367.11	325.73	232.55
Inventory	405.69	381.23	380.04	262.04	312.12	281.94
Prepaid Expenses	-	-	0.76	10.92	5.41	0.82
Other Current Assets	392.47	378.8	32.09	22.58	23.46	33.43
Total Current Assets	1,734	1,854	1,577	1,977	1,199	1,333
Property, Plant & Equipment	2,214	2,120	1,824	1,421	1,234	904.34
Long-Term Investments	174.49	206.49	403.59	41.88	-	-
Other Intangible Assets	334.04	339.52	339.36	321.26	287.2	155.91
Long-Term Deferred Tax Assets	49.04	47.74	52.23	74.99	52	21.01
Long-Term Deferred Charges	63.8	63.15	79.14	39.55	40.24	35.58
Other Long-Term Assets	86.11	67.48	102.58	64.04	55.86	83.15
Total Assets	4,655	4,698	4,378	3,940	2,868	2,533
Accounts Payable	398.15	429.13	401.19	264.03	349.55	235.75
Accrued Expenses	110.05	127.18	191.22	155.93	148.46	126.72
Short-Term Debt	265.04	299.83	175.79	77.16	85.08	-
Current Portion of Long-Term Debt	-	-	66.65	5	-	-
Current Portion of Leases	-	-	14.09	17.48	13.52	14.77
Current Income Taxes Payable	-	-	28.4	6.07	17.95	41.25
Current Unearned Revenue	49.23	45.08	16.21	34.52	49.05	56.33
Other Current Liabilities	90.6	122.63	10.88	11.12	11.15	7.8
Total Current Liabilities	913.08	1,024	904.42	571.32	674.77	482.62
Long-Term Debt	914.87	905.66	826.7	816.65	-	-
Long-Term Leases	25.23	27.25	36.59	40.7	43.47	53.75
Long-Term Unearned Revenue	23.36	24.38	18.06	6.87	8.4	10.8
Long-Term Deferred Tax Liabilities	41.36	44.08	16.64	17.41	13.06	-
Total Liabilities	1,918	2,025	1,802	1,453	739.7	547.17
Common Stock	169.34	169.34	169.34	169.34	169.34	169.34
Additional Paid-In Capital	1,373	1,373	1,386	1,384	1,273	1,198
Retained Earnings	1,068	1,004	816.37	665.86	677.51	618.4
Treasury Stock	-93.84	-93.84	-60.49	-	-	-
Comprehensive Income & Other	216.99	216.5	252.22	252.02	-	-
Total Common Equity	2,734	2,669	2,564	2,472	2,120	1,986
Minority Interest	3.28	3.74	12.23	15.06	7.66	-
Shareholders' Equity	2,737	2,673	2,576	2,487	2,128	1,986
Total Liabilities & Equity	4,655	4,698	4,378	3,940	2,868	2,533
Total Debt	1,205	1,233	1,120	956.99	142.07	68.52
Net Cash (Debt)	-683.52	-538.33	-378.56	357.13	389.84	715.51
Net Cash Growth	-	-	-	-8.39%	-45.52%	250.34%
Net Cash Per Share	-4.10	-3.23	-2.19	2.05	2.14	4.59
Filing Date Shares Outstanding	167.58	166.64	167.53	169.34	169.34	169.34
Total Common Shares Outstanding	167.58	166.64	167.53	169.34	169.34	169.34
Working Capital	820.82	829.98	672.79	1,405	523.87	850.15
Book Value Per Share	16.31	16.02	15.30	14.60	12.52	11.73
Tangible Book Value	2,400	2,330	2,224	2,150	1,833	1,830
Tangible Book Value Per Share	14.32	13.98	13.28	12.70	10.82	10.80
Buildings	-	-	674.37	503.62	351.5	160.26
Machinery	-	-	1,190	877.7	661.65	516.62
Construction In Progress	-	-	352.04	303.15	386.2	313.05

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