The Erawan Group 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	1,086	1,894	1,612	1,217	1,532	1,242
Cash & Short-Term Investments	1,086	1,894	1,612	1,217	1,532	1,242
Cash Growth	-9.95%	17.46%	32.52%	-20.57%	23.33%	-23.45%
Accounts Receivable	170.8	232.44	222.44	169.83	159.81	99.85
Other Receivables	138.59	123.26	165.41	240.48	202.23	202.42
Receivables	309.39	355.7	387.85	410.3	362.04	302.27
Inventory	34.37	40.4	42.82	48.96	43.47	39.31
Prepaid Expenses	-	90.03	106.78	88.77	67.64	56.61
Other Current Assets	147.08	22.52	29.71	120.75	21.34	1,015
Total Current Assets	1,577	2,403	2,180	1,885	2,026	2,655
Property, Plant & Equipment	24,101	23,379	23,629	21,396	19,285	19,409
Long-Term Investments	10.73	0.47	0.47	83.75	63.14	48.27
Other Intangible Assets	38.01	38.57	29.17	27.34	34.87	38.12
Long-Term Deferred Tax Assets	92.8	88.14	77.74	51	41.07	29.5
Other Long-Term Assets	513.63	551.59	330.28	231.81	261.51	270.23
Total Assets	26,333	26,460	26,246	23,675	21,712	22,450
Accounts Payable	180.59	257.32	266.01	226.85	234.51	142.68
Accrued Expenses	-	451.04	482.88	430.32	360.43	122.71
Short-Term Debt	520	1,660	685	820	300	690
Current Portion of Long-Term Debt	1,012	1,030	1,067	931.87	482.53	105.49
Current Portion of Leases	29.45	29.61	27.24	244.11	70.01	72.67
Current Income Taxes Payable	69.05	45.84	38.87	10.13	0.07	0.23
Other Current Liabilities	728.31	440.48	413.93	394.65	314.06	355.22
Total Current Liabilities	2,539	3,914	2,981	3,058	1,762	1,489
Long-Term Debt	8,963	8,129	8,999	9,067	9,665	10,356
Long-Term Leases	3,758	3,770	3,910	4,285	3,717	3,703
Long-Term Unearned Revenue	-	-	-	0.17	2.19	4.22
Pension & Post-Retirement Benefits	191.78	186.64	172.07	134.7	127.59	134.56
Long-Term Deferred Tax Liabilities	630.43	635.23	656.85	533.62	557.34	606.82
Other Long-Term Liabilities	44.08	37.28	35.69	226.3	159.29	133.97
Total Liabilities	16,126	16,673	16,754	17,305	15,990	16,427
Common Stock	4,887	4,887	4,887	4,532	4,532	4,532
Additional Paid-In Capital	1,621	1,621	1,621	909.99	909.99	909.99
Retained Earnings	885.24	509.68	111.91	-829.62	-1,525	-1,488
Comprehensive Income & Other	1,976	1,950	2,092	1,718	1,782	2,058
Total Common Equity	9,368	8,967	8,712	6,330	5,698	6,012
Minority Interest	838.68	820.17	780.02	40.37	23.15	10.66
Shareholders' Equity	10,207	9,787	9,492	6,370	5,722	6,023
Total Liabilities & Equity	26,333	26,460	26,246	23,675	21,712	22,450
Total Debt	14,282	14,619	14,688	15,348	14,235	14,927
Net Cash (Debt)	-13,196	-12,725	-13,076	-14,132	-12,703	-13,685
Net Cash Per Share	-2.70	-2.60	-2.77	-3.02	-2.80	-3.76
Filing Date Shares Outstanding	4,890	4,887	4,887	4,532	4,532	4,532
Total Common Shares Outstanding	4,890	4,887	4,887	4,532	4,532	4,532
Working Capital	-962.07	-1,512	-801.23	-1,172	264.71	1,166
Book Value Per Share	1.92	1.83	1.78	1.40	1.26	1.33
Tangible Book Value	9,330	8,928	8,683	6,302	5,664	5,974
Tangible Book Value Per Share	1.91	1.83	1.78	1.39	1.25	1.32
Land	-	7,113	7,072	5,333	4,450	4,426
Buildings	-	16,497	16,032	14,055	13,426	12,268
Machinery	-	2,802	2,738	2,522	2,494	2,355
Construction In Progress	-	285.61	240.85	890.26	284.96	1,008

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