J.R.W. Utility 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	259.22	280.85	343.57	251.39	712.71	1,285
Short-Term Investments	100.04	100.25	105.79	0.56	-	100.37
Cash & Short-Term Investments	359.26	381.1	449.36	251.95	712.71	1,385
Cash Growth	44.56%	-15.19%	78.35%	-64.65%	-48.55%	158.41%
Accounts Receivable	2,750	2,744	2,752	2,904	2,017	472.98
Other Receivables	2.11	2.76	2.44	1.62	0.97	22.22
Receivables	2,752	2,746	2,755	2,905	2,018	495.2
Inventory	337.45	374.85	122.98	78.44	122.05	104.68
Other Current Assets	74.74	105.95	80.57	132.87	99.9	49.65
Total Current Assets	3,524	3,608	3,408	3,369	2,952	2,035
Property, Plant & Equipment	77.95	82.07	92.11	31.72	25.45	26.69
Other Intangible Assets	-	-	-	-	-	0.34
Long-Term Accounts Receivable	77.71	81.71	167.3	92.71	33.38	23.44
Long-Term Deferred Tax Assets	13.84	11.87	8.01	4.75	4.29	3.42
Other Long-Term Assets	309.79	304.57	310.22	238.66	239.52	179.07
Total Assets	4,003	4,089	3,985	3,736	3,255	2,268
Accounts Payable	1,510	555.38	336.83	312.36	289.41	56.62
Accrued Expenses	-	172.88	46.54	58.88	15.67	10.41
Short-Term Debt	311.77	105.79	140	349.37	-	-
Current Portion of Leases	2.54	2.84	2.76	2.62	0.93	1.67
Current Income Taxes Payable	-	2.71	-	-	18.87	3.39
Current Unearned Revenue	200.44	268.77	452.11	0.77	18.25	27.99
Other Current Liabilities	73.97	1,125	1,210	1,237	1,199	642.62
Total Current Liabilities	2,099	2,233	2,188	1,961	1,542	742.71
Long-Term Leases	3.23	1.35	3.63	1.43	0.45	1.38
Pension & Post-Retirement Benefits	35.89	33.13	29.66	23.8	21.46	17.12
Other Long-Term Liabilities	151.07	123.81	102.81	78.18	62.48	47.33
Total Liabilities	2,289	2,391	2,324	2,065	1,627	808.54
Common Stock	380	380	380	380	380	380
Additional Paid-In Capital	973.63	973.63	973.63	973.63	973.63	973.63
Retained Earnings	358.65	342.03	306.18	316.64	273.57	104.26
Comprehensive Income & Other	1.43	1.43	1.43	1.43	1.43	1.43
Shareholders' Equity	1,714	1,697	1,661	1,672	1,629	1,459
Total Liabilities & Equity	4,003	4,089	3,985	3,736	3,255	2,268
Total Debt	317.54	109.99	146.4	353.42	1.38	3.05
Net Cash (Debt)	41.72	271.12	302.96	-101.47	711.33	1,382
Net Cash Growth	-75.85%	-10.51%	-	-	-48.54%	158.42%
Net Cash Per Share	0.05	0.36	0.40	-0.13	0.94	2.61
Filing Date Shares Outstanding	760	760	760	760	760	760
Total Common Shares Outstanding	760	760	760	760	760	760
Working Capital	1,425	1,375	1,220	1,407	1,410	1,292
Book Value Per Share	2.25	2.23	2.19	2.20	2.14	1.92
Tangible Book Value	1,714	1,697	1,661	1,672	1,629	1,459
Tangible Book Value Per Share	2.25	2.23	2.19	2.20	2.14	1.92
Land	-	51.52	51.52	5.92	5.92	5.92
Buildings	-	48.03	48.03	42.46	42.46	42.41
Machinery	-	47.19	45.97	39.27	30.22	27.24

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