Arrow Syndicate PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	177.42	157.04	82.65	59.69	50.83
Cash & Short-Term Investments	177.42	157.04	82.65	59.69	50.83
Cash Growth	12.98%	90.00%	38.47%	17.43%	78.16%
Accounts Receivable	304.69	328.01	329.38	362.32	299.76
Other Receivables	-2.98	-2.17	-1.06	2.65	24.05
Receivables	301.71	325.84	328.32	364.97	323.81
Inventory	512.07	468.25	546.66	727.83	653.27
Prepaid Expenses	6.69	7.08	7.69	6.29	-
Total Current Assets	997.89	958.21	965.33	1,159	1,028
Property, Plant & Equipment	582.51	465.81	508.8	501.77	513.54
Other Intangible Assets	3.87	5.6	6.45	7.62	8.79
Long-Term Deferred Tax Assets	14.29	18.21	14.83	12.63	12.26
Other Long-Term Assets	44.5	32.07	35.15	37.54	33.51
Total Assets	1,643	1,480	1,531	1,718	1,596
Accounts Payable	49.12	45.59	51.27	76.32	34.96
Accrued Expenses	30.29	25.37	24.53	23.95	23.58
Short-Term Debt	164.04	59.08	107.07	257.01	125.1
Current Portion of Long-Term Debt	-	-	8.36	18.64	17.22
Current Portion of Leases	3.13	3.02	3.19	3.23	3.79
Current Income Taxes Payable	13.23	17.22	15.65	10	15.81
Current Unearned Revenue	20.46	22.05	20.92	20.48	20.75
Other Current Liabilities	15.4	9	22.82	19.61	19.76
Total Current Liabilities	295.68	181.34	253.81	429.23	260.96
Long-Term Debt	-	-	-	29.66	50.04
Long-Term Leases	19.74	18.95	21.99	16.19	17.08
Pension & Post-Retirement Benefits	32.79	26.43	23.82	27.05	26.45
Other Long-Term Liabilities	-	-	-	0.2	2.51
Total Liabilities	348.21	226.73	299.62	502.32	357.03
Common Stock	256.9	256.9	256.9	256.9	256.9
Additional Paid-In Capital	259.87	259.87	259.87	259.87	259.87
Retained Earnings	772.31	730.63	708.4	693.47	716.45
Comprehensive Income & Other	32.19	32.19	32.19	32.19	32.19
Total Common Equity	1,321	1,280	1,257	1,242	1,265
Minority Interest	-26.41	-26.41	-26.41	-26.41	-26.41
Shareholders' Equity	1,295	1,253	1,231	1,216	1,239
Total Liabilities & Equity	1,643	1,480	1,531	1,718	1,596
Total Debt	186.92	81.05	140.61	324.72	213.23
Net Cash (Debt)	-9.5	75.99	-57.96	-265.03	-162.4
Net Cash Per Share	-0.04	0.30	-0.23	-1.03	-0.64
Filing Date Shares Outstanding	256.9	256.9	256.9	256.9	256.9
Total Common Shares Outstanding	256.9	256.9	256.9	256.9	256.9
Working Capital	702.21	776.87	711.52	729.55	766.95
Book Value Per Share	5.14	4.98	4.89	4.84	4.93
Tangible Book Value	1,317	1,274	1,251	1,235	1,257
Tangible Book Value Per Share	5.13	4.96	4.87	4.81	4.89
Land	-	-	104.42	104.42	104.42
Buildings	-	-	355.56	355.2	350.39
Machinery	-	-	381.74	372.69	349.56
Construction In Progress	-	-	32.54	17.08	31.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.