Cambridge-Lee Holdings Consolidated Results of Operations for Q2 2025

By: Cambridge-Lee Holdings, Inc. via Business Wire

August 20, 2025 at 12:44 PM EDT

Cambridge-Lee Holdings, Inc, has announced its unaudited consolidated results for the second 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 June 30, 2025 and June 30, 2024

Figures in US Dollars	12/31/2024			6/30/2024			6/30/2025
Assets
Current Assets:
Cash and cash equivalents	$	298,409,000		$	213,343,000			234,617,000
Accounts Receivable - Net		78,187,000			118,045,000			117,345,000
Accounts Receivable - Affiliates		9,353,000			10,591,000			23,476,000
Accounts Receivable - Refundable Income Tax		1,141,000			3,204,000			1,141,000
Other Receivables		250,000			301,000			364,000
Inventories — net		103,707,000			102,363,000			138,468,000
Other current assets		6,733,000			17,015,000			24,776,000

Total current assets		497,780,000			464,862,000			615,873,000


Property, Plant, and Equipment — Net		50,069,000			49,320,000			53,502,000
ROU Asset		4,250,000			4,636,000			4,358,000
Deferred Financing Fees — Net		117,000			143,000			92,000
Other Long-Term Assets		13,222,000			449,000			426,000
Total	$	565,438,000		$	519,410,000		$	674,251,000

Liabilities and Shareholders' Equity
Current Liabilities:

Current portion of long-term debt		2,327,000			2,355,000			1,168,000
Lease Liability - S. T.		1,180,000			1,246,000			1,228,000
Trade Accounts Payable		28,456,000			29,451,000			54,664,000
Affiliates Payable		1,277,000			3,592,000			4,489,000
Accrued expenses and taxes other than income tax		14,123,000			16,103,000			17,797,000
Income taxes payable		1,238,000			5,556,000			18,460,000
Total current liabilities		48,601,000			58,303,000			97,806,000

Long-Term Debt		9,000			1,167,000
Long-Term Obligations — Other		1,004,000			(919,000	)		(778,000	)
Lease Liability - L. T.		3,125,000			3,448,000			3,179,000
Deferred Income Taxes		2,360,000			3,265,000			2,360,000

Total liabilities		55,099,000			65,264,000			102,567,000

SHAREHOLDERS’ EQUITY:
Common stock, no par — authorized, 1,500 shares; issued and outstanding, 1,000 shares		1,000			1,000			1,000
Additional paid-in capital		24,205,000			24,205,000			24,205,000
Excess of liabilities assumed over book value of assets transferred		(17,514,000	)		(17,514,000	)		(17,514,000	)
Retained earnings		488,801,000			434,874,000			548,312,000
Accumulated other comprehensive income (loss)		(127,000	)		(713,000	)		(127,000	)
Noncontrolling owner’s interest		14,973,000			13,293,000			16,807,000

Total shareholders' equity		510,339,000			454,146,000			571,684,000

TOTAL	$	565,438,000		$	519,410,000		$	674,251,000

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 June 30, 2025 and June 30, 2024

Figures in US Dollars	12/31/2024		6/30/2024		6/30/2025
Revenues:
Net Sales	$	794,805,000	$	402,617,000	$	475,336,000
Cost of Sales		567,417,000		284,240,000		324,177,000
Gross Income		227,388,000		118,377,000		151,159,000

Selling, General and Administrative Expenses		44,506,000		22,070,000		22,926,000

Operating Income		182,882,000		96,307,000		128,233,000

Other Expense:
Interest — net		8,808,000		5,281,000		2,089,000
Other — net		2,530,000		67,000		3,815,000
Total Other Expense		11,338,000		5,348,000		5,904,000

Income (Loss) From Continuing Operations Before Provision for Income Taxes		194,220,000		101,655,000		134,137,000

Provision (benefit) for Income Taxes		47,418,000		25,443,000		42,793,000

Net Income Gain (Loss) from Continuing Operations		146,802,000		76,212,000		91,344,000

COMPREHENSIVE (LOSS) INCOME—Pension unrecognized		604,000		0		0

Net Income (Loss)		147,406,000		76,212,000		91,344,000

Net Income Attributable to Noncontrolling Interest		4,389,000		2,279,000		2,731,000

Net Income Attributable to Cambridge-Lee Holdings, Inc.		143,018,000		73,933,000		88,614,000

CAMBRIDGE-LEE HOLDINGS, INC
STATEMENT OF CASH FLOW
Figures in US Dollars

	June 30, 2025
OPERATING ACTIVITIES:
Net income (loss)	91,344,000

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	3,845,000
Allowance for (benefit from) doubtful accounts receivable	(12,000	)

Changes in assets and liabilities which provided (used) cash:
(Increase) decrease in accounts and notes receivable	(53,194,000	)
(Increase) decrease in inventories	(34,761,000	)
(Increase) decrease in prepaid expenses, deposits and other assets	(5,259,000	)
Increase (decrease) in other long term obligations	(1,782,000	)
Increase (decrease) in accnts payable, accrued exps & amounts due to affiliates	33,096,000
Change in operating lease liabilities	(7,000	)
Increase (decrease) in income taxes payable	17,033,000
Increase (decrease) in short-term investments	(75,686,000	)
Total adjustments	(116,727,000	)

net cash provided by (used in) operating activities	(25,383,000	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(7,266,000	)
Net cash provided by (used in) investing activities	(7,266,000	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt	(1,168,000	)
Payment of debt issuance costs	25,000
Cash payment of dividends	(30,000,000	)
Net cash provided by (used in) financing activities	(31,143,000	)

EFFECT OF EXCHANGE RATE CHANGES ON CASH

Net increase in cash and cash equivalents	(63,792,000	)
Cash and cash equivalents at beginning of period	298,409,000

Cash and cash equivalents at end of period	234,617,000