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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	194.76	177.42	157.04	82.65	59.69	50.83
Cash & Short-Term Investments	194.76	177.42	157.04	82.65	59.69	50.83
Cash Growth	-37.08%	12.98%	90.00%	38.47%	17.43%	78.16%
Accounts Receivable	322.52	304.69	328.01	329.38	362.32	299.76
Other Receivables	-	7.26	6.87	6.87	2.65	24.05
Receivables	322.52	311.95	334.88	336.25	364.97	323.81
Inventory	494.71	508.52	466.29	546.43	727.83	653.27
Prepaid Expenses	-	-	-	-	6.29	-
Total Current Assets	1,012	997.89	958.21	965.33	1,159	1,028
Property, Plant & Equipment	629.51	582.51	465.81	508.8	501.77	513.54
Other Intangible Assets	3.45	3.87	5.6	6.45	7.62	8.79
Long-Term Deferred Tax Assets	14.67	14.29	18.21	14.83	12.63	12.26
Other Long-Term Assets	34.47	44.5	32.07	35.15	37.54	33.51
Total Assets	1,694	1,643	1,480	1,531	1,718	1,596
Accounts Payable	99.24	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	108.93	164.04	59.08	107.07	257.01	125.1
Current Portion of Long-Term Debt	4.06	-	-	8.36	18.64	17.22
Current Portion of Leases	3.15	3.13	3.02	3.19	3.23	3.79
Current Income Taxes Payable	22.67	13.23	17.22	15.65	10	15.81
Current Unearned Revenue	22.18	20.46	22.05	20.92	20.48	20.75
Other Current Liabilities	6.25	15.4	9	22.82	19.61	19.76
Total Current Liabilities	266.47	295.68	181.34	253.81	429.23	260.96
Long-Term Debt	35.54	-	-	-	29.66	50.04
Long-Term Leases	18.94	19.74	18.95	21.99	16.19	17.08
Pension & Post-Retirement Benefits	33.61	32.79	26.43	23.82	27.05	26.45
Other Long-Term Liabilities	-	-	-	-	0.2	2.51
Total Liabilities	354.56	348.21	226.73	299.62	502.32	357.03
Common Stock	256.9	256.9	256.9	256.9	256.9	256.9
Additional Paid-In Capital	259.87	259.87	259.87	259.87	259.87	259.87
Retained Earnings	816.97	772.31	730.63	708.4	693.47	716.45
Comprehensive Income & Other	32.19	32.19	32.19	32.19	32.19	32.19
Total Common Equity	1,366	1,321	1,280	1,257	1,242	1,265
Minority Interest	-26.41	-26.41	-26.41	-26.41	-26.41	-26.41
Shareholders' Equity	1,340	1,295	1,253	1,231	1,216	1,239
Total Liabilities & Equity	1,694	1,643	1,480	1,531	1,718	1,596
Total Debt	170.62	186.92	81.05	140.61	324.72	213.23
Net Cash (Debt)	24.14	-9.5	75.99	-57.96	-265.03	-162.4
Net Cash Growth	-73.10%	-	-	-	-	-
Net Cash Per Share	0.09	-0.04	0.30	-0.23	-1.03	-0.64
Filing Date Shares Outstanding	256.9	256.9	256.9	256.9	256.9	256.9
Total Common Shares Outstanding	256.9	256.9	256.9	256.9	256.9	256.9
Working Capital	745.51	702.21	776.87	711.52	729.55	766.95
Book Value Per Share	5.32	5.14	4.98	4.89	4.84	4.93
Tangible Book Value	1,362	1,317	1,274	1,251	1,235	1,257
Tangible Book Value Per Share	5.30	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.