Luda Technology Group Limited (LUD)

Luda Technology Group Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	6.6	4.52	8.13	8.08	4.12	5.45
Short-Term Investments	7.56	5.73	1.39	0.28	0.64	0.08
Cash & Short-Term Investments	14.17	10.25	9.52	8.36	4.76	5.53
Cash Growth	-16.70%	7.62%	13.92%	75.56%	-13.94%	-
Accounts Receivable	13.93	15.67	15.14	22.32	22.27	15.24
Other Receivables	-	8.22	-	0.12	0.03	0.03
Receivables	13.93	23.89	15.14	22.44	22.3	15.27
Inventory	5.35	4.7	4.87	5.58	5.59	4.63
Prepaid Expenses	1.28	0.44	0.48	0.03	0.04	0.06
Restricted Cash	0.26	0.08	0.2	0.31	0.16	0.17
Other Current Assets	0.28	0.63	1.64	2.79	1	0.29
Total Current Assets	35.27	39.99	31.85	39.51	33.85	25.95
Property, Plant & Equipment	5.21	5.46	5.12	4.66	3.47	3.72
Other Intangible Assets	0.72	0.71	0.7	0.74	0.78	0.87
Long-Term Accounts Receivable	0.85	1.83	0.67	0.93	1.03	0.46
Long-Term Deferred Tax Assets	0.76	0.62	0.55	0.56	0.35	0.26
Other Long-Term Assets	0.14	0.5	0.41	0.29	0.14	0.59
Total Assets	42.95	49.13	39.31	46.7	39.63	31.86

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	7.15	10.57	8.67	12.22	11.87	6.26
Accrued Expenses	-	1.93	3.76	2.61	2.73	3
Short-Term Debt	11.36	9.24	11.52	9.87	5.75	6.28
Current Portion of Long-Term Debt	-	1.66	0.16	1.31	0.25	0.22
Current Portion of Leases	0.3	0.29	-	-	-	-
Current Income Taxes Payable	0	0	0	0	0.38	0.65
Current Unearned Revenue	0.41	0.13	0.22	0.23	0.22	0.4
Other Current Liabilities	2.41	0.72	1.52	2.51	1.39	0.37
Total Current Liabilities	21.64	24.54	25.85	28.75	22.6	17.17
Long-Term Debt	1.8	1.77	0.61	0.76	2.1	1.32
Long-Term Leases	0.08	0.23	-	-	-	-
Long-Term Deferred Tax Liabilities	0.13	0.37	0.18	0.44	0.41	0.25
Total Liabilities	23.65	26.92	26.64	29.95	25.1	18.74

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.73	0.73	0.64	0.64	0.64	0.64
Additional Paid-In Capital	8.3	8.3	-	-	-	-
Retained Earnings	10.62	14.18	13.63	17.36	14.58	11.87
Comprehensive Income & Other	-0.35	-1	-1.6	-1.26	-0.69	0.6
Shareholders' Equity	19.3	22.21	12.66	16.75	14.53	13.12
Total Liabilities & Equity	42.95	49.13	39.31	46.7	39.63	31.86

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	13.54	13.2	12.29	11.94	8.1	7.81
Net Cash (Debt)	0.62	-2.95	-2.77	-3.58	-3.34	-2.28
Net Cash Growth	-85.12%	-	-	-	-	-
Net Cash Per Share	0.03	-0.13	-0.14	-0.18	-0.17	-0.11
Filing Date Shares Outstanding	22.69	22.69	22.69	22.5	20	20
Total Common Shares Outstanding	22.69	22.69	20	20	20	20
Working Capital	13.63	15.46	6	10.76	11.25	8.78
Book Value Per Share	0.85	0.98	0.63	0.84	0.73	0.66
Tangible Book Value	18.57	21.5	11.96	16.01	13.74	12.24
Tangible Book Value Per Share	0.82	0.95	0.60	0.80	0.69	0.61
Buildings	-	2.77	2.65	2.62	3.15	3.18
Machinery	-	6.7	6.33	5.11	4.33	4.42
Construction In Progress	-	0.7	0.7	1.22	-	-
Leasehold Improvements	-	-	-	-	-	0.11

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 9, 2026

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