Cambridge-Lee Holdings Consolidated Results of Operations for Q3 2025

READING, Pa.--(BUSINESS WIRE)--Cambridge-Lee Holdings, Inc, has announced its unaudited consolidated results for the third 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 September 30, 2025 and September 30, 2024
Figures in US Dollars	12/31/2024			9/30/2024			9/30/2025
Assets
Current Assets:
Cash and cash equivalents	$	298,409,000		$	264,237,000			213,489,000
Accounts Receivable - Net		78,187,000			104,786,000			116,193,000
Accounts Receivable - Affiliates		9,353,000			11,666,000			50,701,000
Accounts Receivable - Refundable Income Tax		1,141,000			3,204,000			1,141,000
Other Receivables		250,000			266,000			764,000
Inventories — net		103,707,000			91,648,000			148,770,000
Other current assets		6,733,000			19,902,000			21,812,000
Total current assets		497,780,000			495,709,000			673,956,000
Restricted Cash
Property, Plant, and Equipment — Net		50,069,000			49,671,000			62,851,000
ROU Asset		4,250,000			4,569,000			4,087,000
Deferred Financing Fees — Net		117,000			130,000			79,000
Other Long-Term Assets		13,222,000			443,000			579,000
Total	$	565,438,000		$	550,522,000		$	741,552,000
Liabilities and Shareholders' Equity
Current Liabilities:
Current portion of long-term debt		2,327,000			2,341,000			588,000
Revolving credit facility
Lease Liability - S. T.		1,180,000			1,237,000			1,256,000
Trade Accounts Payable		28,456,000			32,417,000			45,024,000
Affiliates Payable		1,277,000			1,971,000			7,852,000
Accrued expenses and taxes other than income tax		14,123,000			16,140,000			20,503,000
Income taxes payable		1,238,000			4,844,000			38,017,000
Total current liabilities		48,601,000			58,950,000			113,240,000
Long-Term Debt		9,000			588,000
Long-Term Obligations — Other		1,004,000			(919,000	)		(734,000	)
Lease Liability - L. T.		3,125,000			3,389,000			2,874,000
Deferred Income Taxes		2,360,000			3,265,000			2,633,000
Total liabilities		55,099,000			65,273,000			118,013,000
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			465,047,000			598,616,000
Accumulated other comprehensive income (loss)		(127,000	)		(713,000	)		(127,000	)
Noncontrolling owner’s interest		14,973,000			14,223,000			18,358,000
Total shareholders' equity		510,339,000			485,249,000			623,539,000
TOTAL	$	565,438,000		$	550,522,000		$	741,552,000

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 September 30, 2025 and September 30, 2024
Figures in US Dollars	12/31/2024		9/30/2024			9/30/2025
Revenues:
Net Sales	$	794,805,000	$	604,405,000		$	731,071,000
Cost of Sales		567,417,000		436,036,000			477,833,000
Gross Income		227,388,000		168,369,000			253,238,000
Selling, General and Administrative Expenses	44,506,000			33,026,000		36,090,000
Operating Income		182,882,000		135,343,000			217,148,000
Other Expense:
Interest — net		8,808,000		8,133,000			4,346,000
Other — net		2,530,000		(334,000	)		6,667,000
Total Other Expense		11,338,000		7,799,000			11,013,000
Income (Loss) From Continuing Operations Before Provision for Income Taxes		194,220,000		143,142,000			228,161,000
Provision (benefit) for Income Taxes		47,418,000		35,827,000			84,961,000
Net Income Gain (Loss) from Continuing Operations		146,802,000		107,315,000			143,200,000
COMPREHENSIVE (LOSS) INCOME—Pension unrecognized		604,000		0			0
Net Income (Loss)		147,406,000		107,315,000			143,200,000
Net Income Attributable to Noncontrolling Interest		4,389,000		3,209,000			4,282,000
Net Income Attributable to Cambridge-Lee Holdings, Inc.		143,018,000		104,106,000			138,919,000

CAMBRIDGE-LEE HOLDINGS, INC
STATEMENT OF CASH FLOW
Figures in US Dollars
			September 30, 2025
OPERATING ACTIVITIES:
Net income (loss)			143,200,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
	Depreciation and amortization		5,737,000
	Allowance for (benefit from) doubtful accounts receivable		(421,000)
Changes in assets and liabilities which provided (used) cash:
	(Increase) decrease in accounts and notes receivable		(78,985,000)
	(Increase) decrease in inventories		(45,063,000)
	(Increase) decrease in prepaid expenses, deposits and other assets		(2,455,000)
	Increase (decrease) in other long term obligations		(1,738,000)
	Increase (decrease) in accnts payable, accrued exps & amounts due to affiliates		29,523,000
	Change in operating lease liabilities		(11,000)
	Increase (decrease) in income taxes payable		36,589,000
	Increase (decrease) in short-term investments		(121,086,000)
		Total adjustments	(177,910,000)
		net cash provided by (used in) operating activities	(34,710,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
	Purchases of property, plant and equipment		(18,501,000)
		Net cash provided by (used in) investing activities	(18,501,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
	Proceeds from long term debt		(1,748,000)
	Payment of debt issuance costs		39,000
	Cash payment of dividends		(30,000,000)
		Net cash provided by (used in) financing activities	(31,709,000)
EFFECT OF EXCHANGE RATE CHANGES ON CASH
Net increase in cash and cash equivalents			(84,920,000)
Cash and cash equivalents at beginning of period			298,409,000
Cash and cash equivalents at end of period			213,489,000