Arrow Syndicate PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	164.03	157.04	82.65	59.69	50.83	28.53
Cash & Short-Term Investments	164.03	157.04	82.65	59.69	50.83	28.53
Cash Growth	47.77%	90.00%	38.47%	17.43%	78.16%	-41.52%
Accounts Receivable	321.64	328.01	329.38	362.32	299.76	337.85
Other Receivables	16.37	-2.17	-1.06	2.65	24.05	3.32
Receivables	338.02	325.84	328.32	364.97	323.81	341.17
Inventory	538.67	468.25	546.66	727.83	653.27	670.55
Prepaid Expenses	-	7.08	7.69	6.29	-	7.21
Other Current Assets	-	-	-	-	-	2.17
Total Current Assets	1,041	958.21	965.33	1,159	1,028	1,050
Property, Plant & Equipment	568.22	465.81	508.8	501.77	513.54	544.69
Other Intangible Assets	4.31	5.6	6.45	7.62	8.79	9.27
Long-Term Deferred Tax Assets	15.87	18.21	14.83	12.63	12.26	8.76
Other Long-Term Assets	31.6	32.07	35.15	37.54	33.51	33.31
Total Assets	1,661	1,480	1,531	1,718	1,596	1,646
Accounts Payable	76.93	45.59	51.27	76.32	34.96	25.29
Accrued Expenses	38.02	25.8	24.53	23.95	23.58	25.86
Short-Term Debt	177.35	59.08	107.07	257.01	125.1	164.86
Current Portion of Long-Term Debt	-	-	8.36	18.64	17.22	19.92
Current Portion of Leases	3.31	3.02	3.19	3.23	3.79	4.11
Current Income Taxes Payable	8.89	17.22	15.65	10	15.81	22.47
Current Unearned Revenue	21.15	22.05	20.92	20.48	20.75	27.6
Other Current Liabilities	9.13	8.57	22.82	19.61	19.76	19.8
Total Current Liabilities	334.77	181.34	253.81	429.23	260.96	309.91
Long-Term Debt	-	-	-	29.66	50.04	75.26
Long-Term Leases	20.53	18.95	21.99	16.19	17.08	20.64
Pension & Post-Retirement Benefits	34.98	26.43	23.82	27.05	26.45	23.63
Other Long-Term Liabilities	-	-	-	0.2	2.51	8.08
Total Liabilities	390.27	226.73	299.62	502.32	357.03	437.52
Common Stock	256.9	256.9	256.9	256.9	256.9	254.91
Additional Paid-In Capital	259.87	259.87	259.87	259.87	259.87	244.9
Retained Earnings	747.91	730.63	708.4	693.47	716.45	702.66
Comprehensive Income & Other	32.19	32.19	32.19	32.19	32.19	33.43
Total Common Equity	1,297	1,280	1,257	1,242	1,265	1,236
Minority Interest	-26.41	-26.41	-26.41	-26.41	-26.41	-27.77
Shareholders' Equity	1,270	1,253	1,231	1,216	1,239	1,208
Total Liabilities & Equity	1,661	1,480	1,531	1,718	1,596	1,646
Total Debt	201.18	81.05	140.61	324.72	213.23	284.79
Net Cash (Debt)	-37.15	75.99	-57.96	-265.03	-162.4	-256.26
Net Cash Per Share	-0.14	0.30	-0.23	-1.03	-0.64	-1.01
Filing Date Shares Outstanding	256.9	256.9	256.9	256.9	256.9	254.91
Total Common Shares Outstanding	256.9	256.9	256.9	256.9	256.9	254.91
Working Capital	705.95	776.87	711.52	729.55	766.95	739.72
Book Value Per Share	5.05	4.98	4.89	4.84	4.93	4.85
Tangible Book Value	1,293	1,274	1,251	1,235	1,257	1,227
Tangible Book Value Per Share	5.03	4.96	4.87	4.81	4.89	4.81
Land	-	104.42	104.42	104.42	104.42	104.42
Buildings	-	356.47	355.56	355.2	350.39	350.29
Machinery	-	401.79	381.74	372.69	349.56	345.8
Construction In Progress	-	6.84	32.54	17.08	31.24	24.18

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.