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 |
||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20251126047754/en/
Contacts
Francisco Rodriguez, frodriguez@iusa.com.mx, Tel 5255 5216 4028
