Master Style PCL (BKK:MASTER)

Master Style PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	114.78	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	114.78	120.49	191.02	1,744	243.39	306.65
Cash Growth	158.45%	-36.92%	-89.05%	616.68%	-20.63%	38.57%
Accounts Receivable	13.97	19.06	14.72	7.07	4.91	2.79
Receivables	13.97	89.06	14.72	7.07	4.91	2.79
Inventory	113.64	133.18	120.59	100.52	62.51	26.41
Other Current Assets	29.65	24.6	19.85	19.01	19.95	5.84
Total Current Assets	272.04	367.34	346.17	1,871	330.76	341.69
Property, Plant & Equipment	1,576	1,516	1,589	1,138	424.29	233.49
Long-Term Investments	2,221	2,223	2,267	361.83	-	-
Other Intangible Assets	4.66	5.16	6.33	6.72	6.74	8.02
Long-Term Deferred Tax Assets	14.5	13.33	12.5	7.77	9.08	4.52
Other Long-Term Assets	149.69	161.88	214.01	251.98	175.73	12.21
Total Assets	4,237	4,286	4,506	3,637	946.6	599.94

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	17.42	20.81	29.89	24.57	17.2	10.72
Accrued Expenses	39.26	52.51	57.39	56.15	43.09	26.45
Short-Term Debt	65	65	50	-	-	-
Current Portion of Long-Term Debt	115.15	114.87	114.17	-	-	-
Current Portion of Leases	3.24	3.06	1.69	1.63	15.41	6.97
Current Income Taxes Payable	25.79	24.53	75.72	63.52	46.31	24.29
Current Unearned Revenue	108.13	101.97	92.26	77.97	72.58	58.28
Other Current Liabilities	45.7	32.83	54.82	123.94	54	161.16
Total Current Liabilities	419.68	415.58	475.95	347.78	248.59	287.87
Long-Term Debt	63.1	120.76	235.76	-	-	-
Long-Term Leases	288.21	289.73	292.56	293.64	291.18	140.91
Pension & Post-Retirement Benefits	9.68	8.56	6.42	4.42	3.06	3.78
Other Long-Term Liabilities	0.22	0.22	0.24	0.21	0.02	0.73
Total Liabilities	780.89	834.85	1,011	646.05	542.85	433.29

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	301.71	301.71	301.71	264	190	101
Additional Paid-In Capital	2,305	2,305	2,305	2,305	109.33	-
Retained Earnings	849.58	844.38	887.84	421.99	104.42	66.31
Comprehensive Income & Other	-	-	-	-	-	-0.67
Shareholders' Equity	3,456	3,451	3,495	2,991	403.75	166.64
Total Liabilities & Equity	4,237	4,286	4,506	3,637	946.6	599.94

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	534.69	593.42	694.19	295.28	306.59	147.88
Net Cash (Debt)	-419.91	-472.93	-503.17	1,449	-63.2	158.78
Net Cash Growth	-	-	-	-	-	83.54%
Net Cash Per Share	-1.39	-1.57	-1.66	4.84	-0.29	1.25
Filing Date Shares Outstanding	301.71	301.71	301.71	301.71	238.86	126.97
Total Common Shares Outstanding	301.71	301.71	301.71	301.71	238.86	126.97
Working Capital	-147.64	-48.24	-129.78	1,523	82.16	53.82
Book Value Per Share	11.46	11.44	11.58	9.91	1.69	1.31
Tangible Book Value	3,452	3,446	3,488	2,984	397	158.62
Tangible Book Value Per Share	11.44	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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

Data Sources Report a data error