Cambridge-Lee Holdings Consolidated Results of Operations for Fiscal Year 2025

READING, Pa.--(BUSINESS WIRE)--Cambridge-Lee Holdings, Inc., has announced its audited 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			2,144,000
Other Receivables		250,000			970,000
Inventories — net		103,707,000			134,707,000
Other current assets		6,733,000			9,689,000
Short term investments		0			146,523,000
Total current assets		497,780,000			505,828,000
Restricted Cash
Property, Plant, and Equipment — Net		50,069,000			62,582,000
ROU Asset		4,250,000			4,072,000
Deferred Financing Fees — Net		117,000			65,000
Other Long-Term Assets		13,222,000			21,745,000
Total	$	565,438,000		$	594,292,000
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			25,604,000
Affiliates Payable		1,277,000			3,945,000
Accrued expenses and taxes other than income tax		14,123,000			23,259,000
Income taxes payable		1,238,000			1,658,000
Total current liabilities		48,601,000			55,798,000
Long-Term Debt		9,000			0
Long-Term Obligations — Other		1,004,000			5,974,000
Lease Liability - L. T.		3,125,000			2,786,000
Deferred Income Taxes		2,360,000			914,000
Total liabilities		55,099,000			65,472,000
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			506,003,000
Accumulated other comprehensive income (loss)		(127,000	)		1,726,000
Noncontrolling owner’s interest		14,973,000			14,399,000
Total shareholders' equity		510,339,000			528,820,000
TOTAL	$	565,438,000		$	594,292,000

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	$	621,622,000
Gross Income		227,388,000		334,557,000
Selling, General and Administrative Expenses		44,506,000	$	54,130,000
Operating Income		182,882,000		280,427,000
Other Expense:
Interest — net		8,808,000	$	13,884,000
Other — net		2,530,000	$	(904,000	)
Total Other Expense		11,338,000		12,980,000
Income (Loss) From Continuing Operations Before Provision for Income Taxes		194,220,000		293,407,000
Provision (benefit) for Income Taxes		47,418,000	$	78,264,000
Net Income Gain (Loss) from Continuing Operations		146,802,000		215,143,000
COMPREHENSIVE (LOSS) INCOME—Pension unrecognized		604,000		0
Net Income (Loss)		147,406,000		215,143,000
Net Income Attributable to Noncontrolling Interest		4,389,000	$	6,435,000
Net Income Attributable to Cambridge-Lee Holdings, Inc.		143,018,000		208,709,000

CAMBRIDGE-LEE HOLDINGS, INC
STATEMENT OF CASH FLOW
Figures in US Dollars
	December 31, 2025
OPERATING ACTIVITIES:
Net income (loss)	215,143,000
Less Net income (loss) from disposition
Less Net income (loss) attributed to noncontrolling interest
Net income (loss)	215,143,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Noncontrolling interest	-
Depreciation and amortization	7,763,000
Allowance for (benefit from) doubtful accounts receivable	265,000
Net periodic pension (benefit) cost	778,000
(Gain) loss on sale of property, plant and equipment	25,000
Net realized gains on investments	(1,820,000	)
Net interest and fees paid on investments	(387,000	)
Amortization of ROU operating leases	1,271,000
Increase (decrease) in deferred income taxes	(1,446,000	)
Changes in assets and liabilities which provided (used) cash:
(Increase) decrease in accounts and notes receivable	(69,307,000	)
(Increase) decrease in inventories	(31,000,000	)
(Increase) decrease in prepaid expenses, deposits and other assets	(21,399,000	)
Increase (decrease) in other long term obligations	4,192,000
Increase (decrease) in accnts payable, accrued exps & amounts due to affiliates	4,520,000
Change in operating lease liabilities	(1,289,000	)
Increase (decrease) in income taxes payable	(583,000	)
Increase (decrease) in assets from dispositions	-
Increase (decrease) in short-term investments	-
Total adjustments	(108,417,000	)
net cash provided by (used in) operating activities	106,726,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(20,004,000	)
Purchase of investments	(235,294,000	)
Proceeds from sale of investments	102,784,000
Net cash provided by (used in) investing activities	(152,514,000	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in revolving credit facility	-
Proceeds from long term debt	(2,286,000	)
Principal payments on long-term debt	-
Payment under finance lease obligations	(41,000	)
Payment of debt issuance costs	(1,000	)
Cash payment of dividends	(197,708,000	)
Net cash provided by (used in) financing activities	(200,036,000	)
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