← High-Trend International Group
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $127.0m | $115.0m | $156.6m | $10.4m | $21.6m | $2.2m | $6.9m | $10.1m | |
| Accounts receivable | $455.2m | $393.9m | $372.1m | $7.8m | $4.0m | $984k | $7.6m | $8.7m | |
| Prepayments, prepaid expenses and other current assets | $62.5m | $145.2m | $177.8m | $7.9m | $6.9m | $3.6m | $11.4m | $8.5m | |
| Prepayments, prepaid expenses and other non-current assets | — | — | — | $946k | $1.5m | $895k | $3.3m | $830k | |
| Mortgage warehouse receivables (note 23) | — | — | $232.2m | $174.7m | $29.6m | $177.1m | $77.6m | $140.1m | |
| Other receivables | $12.1m | $16.7m | $15.0m | $12.4m | $12.5m | $11.9m | $11.6m | $18.7m | |
| Total Current Assets | $757.3m | $718.1m | $1.0b | $26.1m | $33.4m | $6.8m | $25.9m | $30.3m | |
| Property and equipment, net | $93.5m | $107.2m | $129.2m | $124k | $604k | $562k | $201 | $5k | |
| Intangible assets (note 11) | $497.9m | $477.5m | $610.3m | $561.8m | $1.2b | $1.1b | $1.2b | $1.2b | |
| Goodwill (note 12) | $887.9m | $949.2m | $1.1b | $1.1b | $2.0b | $2.0b | $2.3b | $2.6b | |
| Operating lease right-of-use assets, net | — | $263.6m | $288.1m | $316.5m | $341.6m | $205k | $23k | $104k | |
| Other assets (note 8) | $63.7m | $69.5m | $74.4m | $100.0m | $138.5m | $157.2m | $186.3m | $213.1m | |
| Deferred compensation expense | — | — | — | — | — | — | $3.3m | $1.6m | |
| Due from related parties | — | — | — | $16k | $952k | $8k | $7k | $2.9m | |
| Deferred compensation expense- non-current | — | — | — | — | — | — | $2.4m | $1.1m | |
| Current maturity of long-term bank loan | — | — | — | $900k | $881k | $937k | $580k | — | |
| Advances from customers | $28.8m | $24.1m | $21.1m | $30.4m | $25.6m | $45.3m | $5.8m | $7.4m | |
| Due to related parties | — | — | — | $6.9m | $3.0m | $7.8m | $11.0m | $1.1m | |
| Taxes payable | — | — | — | $2k | $11k | $56k | $8k | $9k | |
| Long-term bank loans | — | — | — | — | $2.4m | $1.5m | $917k | — | |
| Ordinary Shares value | $415.8m | $442.2m | $458.0m | $50k | $5k | $5k | $12k | $17k | |
| Non-controlling interest | $4.4m | $4.4m | $3.7m | $2.8m | $5.5m | ($1.9m) | $3.4m | $4.7m | |
| Restricted cash | — | — | $20.9m | $28.5m | $25.4m | $37.9m | $41.7m | $49.0m | |
| Contract assets (note 26) | $99.5m | $42.8m | $61.1m | $71.3m | $91.9m | $83.4m | $134.4m | $161.0m | |
| Income tax recoverable | $13.1m | $10.4m | $15.0m | $13.4m | $22.0m | $48.1m | $13.2m | $32.9m | |
| Warehouse fund assets (note 6) | — | $10.7m | $0 | $44.1m | $45.4m | $44.5m | $110.8m | $56.0m | |
| Fixed assets (note 10) | — | — | — | — | — | — | $227.3m | $251.5m | |
| Deferred tax assets, net (note 21) | $34.2m | $37.4m | $45.0m | $68.5m | $63.5m | $59.5m | $79.3m | $93.9m | |
| Income tax payable | $30.0m | $15.8m | $26.8m | $35.4m | $32.3m | $16.5m | $15.3m | $19.8m | |
| Deferred and contingent acquisition consideration - current (note 23) | $17.1m | $16.8m | $5.8m | $120.2m | $42.9m | $13.9m | $30.7m | $12.8m | |
| Mortgage warehouse credit facilities (note 14) | — | — | $218.0m | $162.9m | $24.3m | $168.8m | $72.6m | $133.3m | |
| Liabilities related to warehouse fund assets (note 6) | — | $36.2m | $0 | $23.1m | $1.4m | $0 | $86.3m | $33.7m | |
| Deferred and contingent acquisition consideration (note 23) | $76.7m | $68.2m | $109.8m | $34.4m | $48.3m | $30.8m | $6.0m | $19.1m | |
| Other liabilities | $21.8m | $31.7m | $48.5m | $86.1m | $91.1m | $120.6m | $129.5m | $110.7m | |
| Redeemable non-controlling interests (note 17) | $343.4m | $359.1m | $442.4m | $536.9m | $1.1b | $1.1b | $1.2b | $1.3b | |
| Contributed surplus | $54.7m | $60.7m | $67.0m | $79.4m | $104.5m | $123.4m | $140.5m | $173.7m | |
| Convertible notes (note 14) | — | — | $224.0m | $225.2m | $226.5m | $0 | — | — | |
| Real estate assets held for sale (note 5) | — | $247.4m | $0 | $42.8m | — | — | — | — | |
| Liabilities related to real estate assets held for sale (note 5) | — | $127.7m | $0 | $23.1m | — | — | — | — | |
| Deferred rent | $27.1m | — | — | — | — | — | — | — | |
| Total Shareholders’ Equity | $387.6m | $512.9m | $582.4m | $584k | $4.5m | ($5.4m) | $5.4m | $7.9m | |
| Total Equity | $392.0m | $517.3m | $586.1m | $3.4m | $10.0m | ($7.3m) | $8.7m | $12.6m | |
| Total noncurrent assets | $1.6b | $2.2b | $2.3b | $2.3b | $3.9b | $4.0b | $4.5b | $5.0b | |
| Total noncurrent liabilites | $823.5m | $1.1b | $1.2b | $1.2b | $2.2b | $2.1b | $2.1b | $2.3b | |
| Total Assets | $2.4b | $2.9b | $3.3b | $27.2m | $35.6m | $8.4m | $29.2m | $32.4m | |
| Accounts payable | — | — | — | $488k | $750k | $261k | $569k | $1.1m | |
| Accrued expenses and other liabilities | — | — | — | $5.9m | $8.5m | $5.4m | $7.1m | $11.0m | |
| Operating lease liability-current | — | $69.9m | $78.9m | $80.9m | $85.0m | $91k | $23k | $78k | |
| Operating lease liability-noncurrent | — | $229.2m | $251.7m | $296.6m | $322.5m | $109k | $383.9m | $27k | |
| Accounts payable and accrued expenses | $251.4m | $261.9m | $297.8m | $391.2m | $503.2m | $535.8m | $494.6m | $510.6m | |
| Accrued compensation | $469.6m | $495.4m | $450.9m | $691.6m | $625.6m | $569.2m | $646.0m | $756.5m | |
| Long-term debt - current (note 13) | $1.8m | $4.2m | $9.0m | $1.5m | $1.4m | $1.8m | $6.1m | $8.1m | |
| Long-term debt - non-current (note 12) | — | $607.2m | $470.9m | $529.6m | — | — | — | — | |
| Total Current Liabilities | $798.7m | $924.3m | $1.1b | $20.4m | $23.2m | $14.1m | $19.6m | $19.7m | |
| Deferred tax liability | $27.6m | $28.0m | $50.5m | $2k | $1k | $217 | $107 | $91.0m | |
| Long-term debt (note 13) | $670.3m | $607.2m | — | $529.6m | $1.4b | $1.5b | $1.5b | $1.6b | |
| Total Liabilities | — | — | — | $23.8m | $25.5m | $15.7m | $20.5m | $19.8m | |
| Additional paid-in capital | — | — | — | $100k | $153k | ($457k) | $33.9m | $59.3m | |
| Accumulated deficit | ($21.8m) | $77.2m | $119.4m | $434k | $4.4m | ($5.0m) | ($28.6m) | ($51.4m) | |
| Accumulated other comprehensive loss | ($61.2m) | ($67.2m) | ($62.0m) | ($70.3m) | ($76.3m) | ($69.6m) | ($101.5m) | ($73.5m) | |
| Total Liabilities and Equity | $2.4b | $2.9b | $3.3b | $27.2m | $35.6m | $8.4m | $29.2m | $32.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.