Cambridge-Lee Holdings Consolidated Results of Operations for Q4 2025

READING, Pa.--(BUSINESS WIRE)--Cambridge-Lee Holdings, Inc. has announced its unaudited consolidated results for the fourth quarter of 2025.

CAMBRIDGE-LEE HOLDINGS, INC. AND SUBSIDIARIES
(A Wholly Owned Subsidiary of Tubo de Pasteje S.A. de C.V.)
CONSOLIDATED BALANCE SHEETS
As of December 31, 2025 and December 31, 2024
Figures in US Dollars	12/31/2024			12/31/2025
Assets
Current Assets:
Cash and cash equivalents	$	298,409,000			52,585,000
Accounts Receivable - Net		78,187,000			89,869,000
Accounts Receivable - Affiliates		9,353,000			43,341,000
Notes Receivable - Affiliates					26,000,000
Accounts Receivable - Refundable Income Tax		1,141,000			1,280,000
Other Receivables		250,000			970,000
Inventories — net		103,707,000			134,707,000
Other current assets		6,733,000			16,301,000
Short term investments		0			146,523,000
Total current assets		497,780,000			511,576,000
Restricted Cash
Property, Plant, and Equipment — Net		50,069,000			69,301,000
ROU Asset		4,250,000			4,072,000
Deferred Financing Fees — Net		117,000			65,000
Other Long-Term Assets		13,222,000			15,028,000
Total	$	565,438,000		$	600,042,000
Liabilities and Shareholders' Equity
Current Liabilities:
Current portion of long-term debt		2,327,000			9,000
Lease Liability - S. T.		1,180,000			1,323,000
Trade Accounts Payable		28,456,000			32,217,000
Affiliates Payable		1,277,000			3,945,000
Accrued expenses and taxes other than income tax		14,123,000			20,541,000
Income taxes payable		1,238,000			1,871,000
Total current liabilities		48,601,000			59,906,000
Long-Term Debt		9,000			0
Long-Term Obligations — Other		1,004,000			4,754,000
Deferred Revenue					380,000
Lease Liability - L. T.		3,125,000			2,786,000
Deferred Income Taxes		2,360,000			1,913,000
Total liabilities		55,099,000			69,739,000
SHAREHOLDERS’ EQUITY:
Common stock, no par — authorized, 1,500 shares; issued and outstanding, 1,000 shares		1,000			1,000
Additional paid-in capital		24,205,000			24,205,000
Excess of liabilities assumed over book value of assets transferred		(17,514,000	)		(17,514,000	)
Retained earnings		488,801,000			509,295,000
Accumulated other comprehensive income (loss)		(127,000	)		(127,000	)
Noncontrolling owner’s interest		14,973,000			14,443,000
Total shareholders' equity		510,339,000			530,303,000
TOTAL	$	565,438,000		$	600,042,000

CAMBRIDGE-LEE HOLDINGS, INC. AND SUBSIDIARIES
(A Wholly Owned Subsidiary of Tubo de Pasteje S.A. de C.V.)
CONSOLIDATED STATEMENTS OF OPERATIONS
As of December 31, 2025 and December 31, 2024
Figures in US Dollars	12/31/2024		12/31/2025
Revenues:
Net Sales	$	794,805,000	$	956,179,000
Cost of Sales		567,417,000	$	621,661,000
Gross Income		227,388,000		334,518,000
Selling, General and Administrative Expenses		44,506,000	$	50,533,000
Operating Income		182,882,000		283,985,000
Other Expense:
Interest — net		8,808,000	$	8,115,000
Other — net		2,530,000	$	6,776,000
Total Other Expense		11,338,000		14,891,000
Income (Loss) From Continuing Operations Before Provision for Income Taxes		194,220,000		298,876,000
Provision (benefit) for Income Taxes		47,418,000	$	80,339,000
Net Income Gain (Loss) from Continuing Operations		146,802,000		218,537,000
COMPREHENSIVE (LOSS) INCOME—Pension unrecognized		604,000		0
Net Income (Loss)		147,406,000		218,537,000
Net Income Attributable to Noncontrolling Interest		4,389,000	$	6,536,000
Net Income Attributable to Cambridge-Lee Holdings, Inc.		143,018,000		212,002,000

CAMBRIDGE-LEE HOLDINGS, INC
STATEMENT OF CASH FLOW
Figures in US Dollars
	December 31, 2025
OPERATING ACTIVITIES:
Net income (loss)	218,537,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	7,711,000
Allowance for (benefit from) doubtful accounts receivable	384,000
Increase (decrease) in deferred income taxes	(259,000	)
Changes in assets and liabilities which provided (used) cash:
(Increase) decrease in accounts and notes receivable	(72,773,000	)
(Increase) decrease in inventories	(31,000,000	)
(Increase) decrease in prepaid expenses, deposits and other assets	(11,425,000	)
Increase (decrease) in other long term obligations	3,750,000
Increase (decrease) in accnts payable, accrued exps & amounts due to affiliates	13,230,000
Change in operating lease liabilities	(10,000	)
Increase (decrease) in income taxes payable	303,000
Increase (decrease) in short-term investments	(146,523,000	)
Total adjustments	(236,612,000	)
net cash provided by (used in) operating activities	(18,075,000	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(27,093,000	)
Investment in subsidiary/Dissolve Eagle Tube & IUSA Land	(871,000	)
Net cash provided by (used in) investing activities	(27,964,000	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt	(2,336,000	)
Payment of debt issuance costs	52,000
Cash payment of dividends	(197,500,000	)
Net cash provided by (used in) financing activities	(199,784,000	)
EFFECT OF EXCHANGE RATE CHANGES ON CASH
Net increase in cash and cash equivalents	(245,824,000	)
Cash and cash equivalents at beginning of period	298,409,000
Cash and cash equivalents at end of period	52,585,000