Master Style 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	110.48	191.02	626.9	97.77	181.51
Trading Asset Securities	10.01	-	1,117	145.62	125.14
Cash & Short-Term Investments	120.49	191.02	1,744	243.39	306.65
Cash Growth	-36.92%	-89.05%	616.68%	-20.63%	38.57%
Accounts Receivable	19.06	14.72	7.07	4.91	2.79
Receivables	89.06	14.72	7.07	4.91	2.79
Inventory	133.18	120.59	100.52	62.51	26.41
Other Current Assets	24.6	19.85	19.01	19.95	5.84
Total Current Assets	367.34	346.17	1,871	330.76	341.69
Property, Plant & Equipment	1,516	1,589	1,138	424.29	233.49
Long-Term Investments	2,223	2,267	361.83	-	-
Other Intangible Assets	5.16	6.33	6.72	6.74	8.02
Long-Term Deferred Tax Assets	13.33	12.5	7.77	9.08	4.52
Other Long-Term Assets	161.88	214.01	251.98	175.73	12.21
Total Assets	4,286	4,506	3,637	946.6	599.94
Accounts Payable	20.81	29.89	24.57	17.2	10.72
Accrued Expenses	60.68	80.81	56.15	43.09	26.45
Short-Term Debt	65	50	-	-	-
Current Portion of Long-Term Debt	114.87	114.17	-	-	-
Current Portion of Leases	3.06	1.69	1.63	15.41	6.97
Current Income Taxes Payable	24.53	75.72	63.52	46.31	24.29
Current Unearned Revenue	101.97	92.26	77.97	72.58	58.28
Other Current Liabilities	24.65	31.4	123.94	54	161.16
Total Current Liabilities	415.58	475.95	347.78	248.59	287.87
Long-Term Debt	120.76	235.76	-	-	-
Long-Term Leases	289.73	292.56	293.64	291.18	140.91
Pension & Post-Retirement Benefits	8.56	6.42	4.42	3.06	3.78
Other Long-Term Liabilities	0.22	0.24	0.21	0.02	0.73
Total Liabilities	834.85	1,011	646.05	542.85	433.29
Common Stock	301.71	301.71	264	190	101
Additional Paid-In Capital	2,305	2,305	2,305	109.33	-
Retained Earnings	844.38	887.84	421.99	104.42	66.31
Comprehensive Income & Other	-	-	-	-	-0.67
Shareholders' Equity	3,451	3,495	2,991	403.75	166.64
Total Liabilities & Equity	4,286	4,506	3,637	946.6	599.94
Total Debt	593.42	694.19	295.28	306.59	147.88
Net Cash (Debt)	-472.93	-503.17	1,449	-63.2	158.78
Net Cash Growth	-	-	-	-	83.54%
Net Cash Per Share	-1.57	-1.66	4.84	-0.29	1.25
Filing Date Shares Outstanding	301.71	301.71	301.71	238.86	126.97
Total Common Shares Outstanding	301.71	301.71	301.71	238.86	126.97
Working Capital	-48.24	-129.78	1,523	82.16	53.82
Book Value Per Share	11.44	11.58	9.91	1.69	1.31
Tangible Book Value	3,446	3,488	2,984	397	158.62
Tangible Book Value Per Share	11.42	11.56	9.89	1.66	1.25
Buildings	511.49	493.85	305.3	73.21	71.5
Machinery	519.42	517.51	417.72	107.27	70.36
Construction In Progress	322.14	293.87	135.94	-	0.03

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