Cambridge-Lee Holdings Consolidated Results of Operations for Q4 2025

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Audio By Carbonatix

3:01 PM on Monday, March 9

The Associated Press

READING, Pa.--(BUSINESS WIRE)--Mar 9, 2026--

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20260309165263/en/

CONTACT: Francisco Rodriguez

[email protected]

Tel 5255 5216 4000

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER MANUFACTURING CONSTRUCTION & PROPERTY HVAC UTILITIES MANUFACTURING ENERGY MINING/MINERALS OTHER CONSTRUCTION & PROPERTY NATURAL RESOURCES

SOURCE: Cambridge-Lee Holdings, Inc.

PUB: 03/09/2026 03:01 PM/DISC: 03/09/2026 03:02 PM

http://www.businesswire.com/news/home/20260309165263/en