Gulf Development 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	Jun '26 Jun 30, 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	56,336	45,746	34,104	36,055	39,194	19,847
Short-Term Investments	404.37	389.75	1,060	1,805	3,134	2,314
Accounts Receivable	45,438	31,964	21,156	22,842	20,038	10,165
Other Receivables	8,343	8,915	5,690	3,079	3,255	2,396
Inventory	3,695	3,768	3,180	2,958	1,561	1,303
Loans Receivable Current	-	1,565	148.85	-	52.62	-
Other Current Assets	6,583	6,416	6,109	5,947	3,015	2,787
Total Current Assets	120,798	98,764	71,447	72,686	70,249	38,811
Property, Plant & Equipment	115,604	106,061	92,602	92,151	101,908	130,785
Goodwill	-	312	112	118	123	7,903
Other Intangible Assets	15,662	9,590	5,454	5,840	3,750	11,061
Long-Term Investments	433,802	430,748	205,486	191,702	172,745	138,914
Long-Term Loans Receivable	32,173	28,704	23,832	20,884	16,445	6,655
Long-Term Deferred Tax Assets	865.39	1,091	780.88	827.22	731.84	1,897
Long-Term Accounts Receivable	68,099	69,279	71,868	57,019	38,644	20,335
Other Long-Term Assets	28,964	29,261	24,620	18,287	13,575	6,313
Total Assets	815,968	773,810	496,202	459,514	418,172	362,674
Accounts Payable	18,777	14,644	6,072	9,391	7,484	3,080
Accrued Expenses	6	35	16	16	3	6
Short-Term Debt	39,763	22,708	11,392	4,789	6,669	9,998
Current Portion of Long-Term Debt	45,796	42,713	44,482	37,636	22,633	9,528
Current Portion of Leases	290.57	336.91	325.97	252.6	363.39	75.98
Current Income Taxes Payable	1,645	1,155	56.12	44.59	59.66	92.14
Other Current Liabilities	10,595	14,282	9,267	13,494	14,656	12,236
Total Current Liabilities	116,872	95,874	71,610	65,623	51,868	35,016
Long-Term Debt	337,942	296,739	259,230	240,590	219,108	203,296
Long-Term Leases	1,459	1,571	1,635	1,582	1,791	666.88
Pension & Post-Retirement Benefits	1,049	1,022	846.56	735.46	677.78	259.7
Long-Term Deferred Tax Liabilities	4,662	3,001	2,266	1,899	1,684	3,822
Other Long-Term Liabilities	6,380	9,705	6,775	4,981	7,242	12,104
Total Liabilities	468,364	407,911	342,363	315,410	282,370	255,165
Common Stock	14,940	14,940	11,733	11,733	11,733	11,733
Additional Paid-In Capital	179,271	179,271	51,822	51,822	51,822	51,822
Retained Earnings	112,457	139,174	58,566	50,891	43,060	36,931
Comprehensive Income & Other	8,929	2,288	2,036	2,139	4,172	-3,891
Total Common Equity	315,598	335,673	124,158	116,585	110,787	96,596
Minority Interest	32,006	30,226	29,682	27,519	25,015	10,913
Shareholders' Equity	347,604	365,899	153,840	144,104	135,802	107,509
Total Liabilities & Equity	815,968	773,810	496,202	459,514	418,172	362,674
Total Debt	425,250	364,068	317,065	284,849	250,565	223,564
Net Cash (Debt)	-368,510	-317,932	-281,901	-246,990	-208,237	-201,404
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-24.67	-22.49	-24.03	-21.05	-17.75	-17.17
Filing Date Shares Outstanding	14,940	14,940	11,733	11,733	11,733	11,733
Total Common Shares Outstanding	14,940	14,940	11,733	11,733	11,733	11,733
Working Capital	3,927	2,890	-163.39	7,063	18,381	3,795
Book Value Per Share	21.12	22.47	10.58	9.94	9.44	8.23
Tangible Book Value	299,936	325,771	118,592	110,627	106,914	77,632
Tangible Book Value Per Share	20.08	21.81	10.11	9.43	9.11	6.62
Land	-	10,020	7,491	6,909	6,899	3,445
Machinery	-	116,512	104,484	91,580	82,102	105,966
Construction In Progress	-	10,653	7,696	17,376	32,810	35,379