Kingboard Laminates Holdings Limited (KBLAM) balance sheet

HKSE · Industrials · Electrical Equipment & Parts · 11,300 employees · CEO Kwok Keung Cheung

Price: HK$36.26 +4.56%
Market cap: HK$114B
Enterprise value: HK$120B
Last report: Q2 '26 filed 2026-06-30
Next report: 2027-03-22 EPS est. HK$2.02

At the end of Q2 '26 Kingboard Laminates Holdings Limited (KBLAM) held HK$4.6B in cash and short-term investments against HK$8.21B of debt incl. leases. Total assets HK$33.4B, total liabilities HK$15B, shareholders' equity HK$18.3B.

Balance sheet

Balance sheet	Q4 '20	Q2 '21	Q4 '21	Q2 '22	Q4 '22	Q2 '23	Q4 '23	Q2 '24	Q4 '24	Q2 '25	Q4 '25	Q2 '26
Assets
Cash & equivalents	HK$4.91B	HK$3.03B	HK$2.86B	HK$4.47B	HK$3.29B	HK$3.23B	HK$2.03B	HK$2.76B	HK$1.92B	HK$1.46B	HK$1.63B	HK$2.2B
Short-term investments	HK$926M	HK$204M	HK$453M	HK$114M	HK$576M	HK$900M	HK$1.68B	HK$1.63B	HK$1.54B	HK$1.75B	HK$1.25B	HK$2.41B
Receivables	HK$8.41B	HK$10.9B	HK$10.8B	HK$8.35B	HK$6.54B	HK$6.8B	HK$4.72B	HK$7.89B	HK$7.14B	HK$8.61B	HK$9.21B	HK$12.1B
Inventory	HK$2.09B	HK$2.43B	HK$3.17B	HK$3.92B	HK$2.61B	HK$3.49B	HK$2.86B	HK$2.82B	HK$2.76B	HK$2.77B	HK$3.07B	HK$4.66B
Other current assets	HK$0	HK$0	HK$1.67B	HK$0	HK$1.27B	HK$0	HK$2.33B	HK$0	HK$239M	HK$214M	HK$0	HK$165M
Current assets	HK$18B	HK$18.5B	HK$19.3B	HK$17.3B	HK$13.7B	HK$14.6B	HK$13.8B	HK$15.3B	HK$13.8B	HK$15.1B	HK$15.5B	HK$21.5B
Property, plant & equipment (net)	HK$6.28B	HK$6.91B	HK$7.79B	HK$8.18B	HK$8.36B	HK$8.12B	HK$8.02B	HK$7.69B	HK$7.48B	HK$7.81B	HK$8.15B	HK$9.83B
Long-term investments	HK$2.14B	HK$1.95B	HK$2.72B	HK$2.3B	HK$2.22B	HK$1.59B	HK$1.72B	HK$1.68B	HK$1.59B	HK$2B	HK$1.78B	HK$2.03B
Goodwill	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K
Intangible assets	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Deferred tax assets	HK$3.19M	HK$3.19M	HK$2.81M	HK$2.24M	HK$3.11M	HK$3.11M	HK$3.61M	HK$3.83M	HK$3.47M	HK$3.5M	HK$2.84M	HK$5.1M
Other non-current assets	-HK$238K	-HK$238K	-HK$238K	-HK$238K	-HK$238K	-HK$238K	HK$1.72B	HK$1.68B	HK$236M	HK$2B	HK$3	HK$0
Non-current assets	HK$8.42B	HK$8.86B	HK$10.5B	HK$10.5B	HK$10.6B	HK$9.71B	HK$9.75B	HK$9.37B	HK$9.31B	HK$9.81B	HK$9.93B	HK$11.9B
Total assets	HK$26.4B	HK$27.3B	HK$29.8B	HK$27.8B	HK$24.3B	HK$24.3B	HK$23.6B	HK$24.7B	HK$23.1B	HK$24.9B	HK$25.5B	HK$33.4B
Liabilities
Accounts payable	HK$1.35B	HK$1.16B	HK$1.65B	HK$1.27B	HK$1.44B	HK$1.29B	HK$1.27B	HK$786M	HK$1.29B	HK$1.1B	HK$887M	HK$1.24B
Accrued expenses	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0	HK$1.17B	HK$0	HK$1.23B	HK$0	HK$0	HK$0
Short-term debt	HK$923M	HK$4.01B	HK$1.81B	HK$2.52B	HK$200M	HK$1.92B	HK$1.76B	HK$3.56B	HK$1.66B	HK$3.36B	HK$3.99B	HK$6.98B
Taxes payable	HK$723M	HK$857M	HK$870M	HK$727M	HK$599M	HK$541M	HK$520M	HK$581M	HK$1.26B	HK$1.28B	HK$0	HK$0
Deferred revenue	HK$617M	HK$2.29B	HK$2.77B	HK$323M	HK$374M	HK$370M	HK$0	HK$248M	HK$0	HK$0	HK$0	HK$333M
Other current liabilities	HK$1.13B	HK$2.79B	HK$3.3B	HK$807M	HK$871M	HK$814M	-HK$357M	HK$1.76B	HK$1.65B	HK$777M	HK$2.09B	HK$4.02B
Current liabilities	HK$11.7B	HK$10.2B	HK$9.78B	HK$10.5B	HK$4.71B	HK$6.22B	HK$5.6B	HK$6.93B	HK$5.76B	HK$8.5B	HK$8.11B	HK$13.4B
Long-term debt	HK$231M	HK$0	HK$0	HK$0	HK$0	HK$0	HK$2.69B	HK$2.15B	HK$1.62B	HK$1.11B	HK$637M	HK$1.23B
Lease obligations (non-current)	HK$1.77M	HK$1.68M	HK$1.62M	HK$1.45M	HK$1.29M	HK$1.16M	HK$1.08M	HK$962K	HK$843K	HK$853K	HK$1.64M	HK$1.61M
Deferred revenue (non-current)	HK$233M	HK$668M	HK$902M	HK$801M	HK$4.2B	HK$3.78B	HK$0	HK$0	HK$0	HK$0	HK$0	HK$0
Deferred tax liabilities	HK$78.1M	HK$75.8M	HK$76.9M	HK$71.7M	HK$319M	HK$299M	HK$299M	HK$322M	HK$361M	HK$356M	HK$356M	HK$434M
Non-current liabilities	HK$311M	HK$744M	HK$979M	HK$873M	HK$4.52B	HK$4.08B	HK$2.99B	HK$2.48B	HK$1.98B	HK$1.47B	HK$995M	HK$1.66B
Total liabilities	HK$12B	HK$10.9B	HK$10.8B	HK$11.3B	HK$9.23B	HK$10.3B	HK$8.59B	HK$9.41B	HK$7.74B	HK$9.96B	HK$9.11B	HK$15B
Equity
Common stock & paid-in capital	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$314M	HK$315M
Retained earnings	HK$8.87B	HK$10.4B	HK$12.6B	HK$10.4B	HK$9.83B	HK$9.43B	HK$9.63B	HK$9.99B	HK$10.2B	HK$9.49B	HK$10.5B	HK$0
Accumulated other comprehensive income	HK$3.01B	HK$3.49B	HK$3.95B	HK$3.54B	HK$2.77B	HK$2.13B	HK$2.87B	HK$2.79B	HK$2.7B	HK$3B	HK$3.23B	HK$18B
Shareholders' equity	HK$14.3B	HK$16.4B	HK$19B	HK$16.4B	HK$15B	HK$14B	HK$15B	HK$15.2B	HK$15.3B	HK$14.9B	HK$16.3B	HK$18.3B
Debt
Total debt (incl. leases)	HK$1.5B	HK$4.84B	HK$3.32B	HK$3.62B	HK$4.88B	HK$6.16B	HK$4.45B	HK$5.71B	HK$3.28B	HK$4.47B	HK$4.63B	HK$8.21B
Net debt (debt - cash)	-HK$3.41B	HK$1.81B	HK$455M	-HK$846M	HK$1.59B	HK$2.93B	HK$2.43B	HK$2.95B	HK$1.36B	HK$3.01B	HK$3B	HK$6.01B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	HK$4.52B	HK$4.46B	HK$3.8B	HK$2.91B	HK$4.91B	HK$2.86B	HK$3.29B	HK$2.03B	HK$1.92B	HK$1.63B
Short-term investments	HK$0	HK$779M	HK$0	HK$797M	HK$926M	HK$453M	HK$576M	HK$1.68B	HK$1.54B	HK$1.25B
Receivables	HK$6.59B	HK$7.04M	HK$6.61B	HK$7.2B	HK$8.41B	HK$10.8B	HK$6.54B	HK$7.06B	HK$7.14B	HK$9.21B
Inventory	HK$5.24B	HK$4.98B	HK$3.85B	HK$2.02B	HK$3.17B	HK$4.11B	HK$2.61B	HK$2.85B	HK$2.76B	HK$3.07B
Other current assets	HK$646M	HK$7.79B	HK$659M	HK$1.46B	HK$0	HK$343M	HK$435M	HK$0	HK$239M	HK$0
Current assets	HK$17.6B	HK$18.6B	HK$15.6B	HK$14.7B	HK$18B	HK$19.3B	HK$13.7B	HK$13.8B	HK$13.8B	HK$15.5B
Property, plant & equipment (net)	HK$4.12B	HK$4.83B	HK$4.82B	HK$5.75B	HK$6.28B	HK$7.79B	HK$8.36B	HK$8.02B	HK$7.48B	HK$8.15B
Long-term investments	HK$2.29B	HK$2.51B	HK$6.43B	HK$5.34B	HK$2.14B	HK$2.72B	HK$2.22B	HK$1.72B	HK$1.59B	HK$1.78B
Goodwill	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K	HK$238K
Intangible assets	HK$0	HK$0	HK$0	HK$238K	HK$238K	HK$238K	HK$238K	HK$0	HK$0	HK$0
Deferred tax assets	HK$2.48M	HK$2.88M	HK$3.53M	HK$3.08M	HK$3.19M	HK$2.81M	HK$3.11M	HK$3.61M	HK$3.47M	HK$2.84M
Other non-current assets	-HK$2.48M	-HK$2.88M	-HK$3.53M	-HK$238K	-HK$238K	-HK$238K	-HK$238K	HK$1.72B	HK$236M	HK$3
Non-current assets	HK$6.41B	HK$7.34B	HK$11.2B	HK$11.1B	HK$8.42B	HK$10.5B	HK$10.6B	HK$9.75B	HK$9.31B	HK$9.93B
Total assets	HK$25.7B	HK$28.6B	HK$28.7B	HK$25.8B	HK$26.4B	HK$29.8B	HK$24.3B	HK$23.6B	HK$23.1B	HK$25.5B
Liabilities
Accounts payable	HK$848M	HK$1.08B	HK$1.28B	HK$1.5B	HK$1.35B	HK$1.65B	HK$1.44B	HK$1.24B	HK$1.29B	HK$887M
Accrued expenses	HK$0	HK$0	HK$0	HK$0	HK$1.36B	HK$0	HK$0	HK$0	HK$1.23B	HK$0
Short-term debt	HK$1.57B	HK$402M	HK$1.31B	HK$1.29B	HK$923M	HK$1.81B	HK$200M	HK$1.76B	HK$1.66B	HK$3.99B
Taxes payable	HK$1.32B	HK$462M	HK$409M	HK$597M	HK$723M	HK$870M	HK$599M	HK$520M	HK$1.26B	HK$0
Deferred revenue	-HK$1.71B	HK$3.37B	HK$1.05B	HK$189M	HK$0	HK$2.77B	HK$374M	HK$0	HK$0	HK$271M
Other current liabilities	HK$5.29B	HK$2.16B	HK$1.96B	HK$511M	-HK$231M	HK$523M	HK$497M	HK$815M	HK$1.65B	HK$1.82B
Current liabilities	HK$9.03B	HK$7.48B	HK$6.02B	HK$5.32B	HK$11.7B	HK$9.78B	HK$4.71B	HK$5.6B	HK$5.76B	HK$8.11B
Long-term debt	HK$1.2B	HK$3B	HK$4.78B	HK$1.65B	HK$231M	HK$900M	HK$4.2B	HK$2.69B	HK$1.62B	HK$639M
Lease obligations (non-current)	HK$0	HK$0	HK$0	HK$901K	HK$1.77M	HK$1.62M	HK$1.29M	HK$1.08M	HK$843K	HK$1.64M
Deferred revenue (non-current)	HK$1.1B	HK$2.91B	HK$4.69B	HK$1.65B	HK$0	HK$902M	HK$4.2B	HK$0	HK$0	HK$0
Deferred tax liabilities	HK$91.9M	HK$88.8M	HK$85.5M	HK$81.1M	HK$78.1M	HK$76.9M	HK$319M	HK$299M	HK$361M	HK$356M
Non-current liabilities	HK$1.2B	HK$3B	HK$4.78B	HK$1.74B	HK$311M	HK$979M	HK$4.52B	HK$2.99B	HK$1.98B	HK$995M
Total liabilities	HK$10.3B	HK$10.6B	HK$10.9B	HK$7.05B	HK$12B	HK$10.8B	HK$9.23B	HK$8.59B	HK$7.74B	HK$9.11B
Equity
Common stock & paid-in capital	HK$300M	HK$308M	HK$308M	HK$308M	HK$312M	HK$312M	HK$312M	HK$312M	HK$312M	HK$314M
Retained earnings	HK$12.2B	HK$13.4B	HK$14.5B	HK$14.8B	HK$8.87B	HK$12.6B	HK$9.83B	HK$9.63B	HK$10.2B	HK$10.5B
Accumulated other comprehensive income	HK$1.01B	HK$2.34B	HK$1.44B	HK$1.86B	HK$3.02B	HK$3.96B	HK$2.78B	HK$2.87B	HK$2.7B	HK$3.23B
Shareholders' equity	HK$14.4B	HK$17.5B	HK$17.5B	HK$18.7B	HK$14.3B	HK$19B	HK$15B	HK$15B	HK$15.3B	HK$16.3B
Debt
Total debt (incl. leases)	HK$2.9B	HK$3.86B	HK$6.09B	HK$3.22B	HK$1.16B	HK$2.72B	HK$4.4B	HK$4.45B	HK$3.28B	HK$4.63B
Net debt (debt - cash)	-HK$1.61B	-HK$602M	HK$2.29B	HK$311M	-HK$3.41B	HK$455M	HK$1.59B	HK$3.7B	HK$1.36B	HK$3B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in HKD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02