Modernform Group 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	704.4	606.66	563.07	368.48	698.25
Trading Asset Securities	13.51	13.59	22.45	28.02	33.26
Cash & Short-Term Investments	717.9	620.25	585.53	396.51	731.5
Cash Growth	15.74%	5.93%	47.67%	-45.80%	3.54%
Accounts Receivable	302.66	424.27	435.23	437.87	345.61
Other Receivables	34.98	5.14	6.78	8.37	4.98
Receivables	367.72	429.41	442	466.35	350.6
Inventory	851.41	911.87	1,032	1,176	1,142
Other Current Assets	79.45	83.92	84.33	75.62	55.32
Total Current Assets	2,016	2,045	2,144	2,115	2,279
Property, Plant & Equipment	350.04	386.06	398.11	432.86	568.18
Long-Term Investments	409.08	418.91	411.26	483.31	342.2
Other Intangible Assets	7.12	7.81	10.23	12.86	13.8
Long-Term Accounts Receivable	10.97	15.18	14.61	17.83	41.84
Long-Term Deferred Tax Assets	36.39	40.93	32.6	40.15	40
Other Long-Term Assets	214.2	219.18	232.11	250.2	130.43
Total Assets	3,052	3,154	3,275	3,352	3,416
Accounts Payable	138.13	148.55	131.06	172.9	246.77
Accrued Expenses	29.18	56.66	25.21	28.36	16.08
Short-Term Debt	209.15	230.04	179.38	215.69	220.84
Current Portion of Long-Term Debt	-	5.26	9.6	9.6	1.23
Current Portion of Leases	18.8	19.36	18.59	17.42	17.23
Current Income Taxes Payable	8.61	14.19	6.39	7.28	7.78
Current Unearned Revenue	240.03	212.86	279.77	261.68	253.34
Other Current Liabilities	79.59	87.55	114.99	106.43	117.73
Total Current Liabilities	723.49	774.47	765	819.37	881
Long-Term Debt	-	-	5.26	14.86	0.62
Long-Term Leases	29.3	39.9	17.45	27.67	25.29
Pension & Post-Retirement Benefits	145.78	159.05	161.1	185.03	185.86
Other Long-Term Liabilities	17.11	20.01	19.1	19.54	-
Total Liabilities	915.68	993.42	967.91	1,066	1,093
Common Stock	750	750	750	750	750
Additional Paid-In Capital	879.52	879.52	879.52	879.52	879.52
Retained Earnings	786.4	801.24	734.48	690.22	703.67
Treasury Stock	-189.97	-189.97	-	-	-
Comprehensive Income & Other	-100.53	-89.93	-64.76	-42.24	-17.91
Total Common Equity	2,125	2,151	2,299	2,277	2,315
Minority Interest	10.54	9.31	8.07	7.97	7.54
Shareholders' Equity	2,136	2,160	2,307	2,285	2,323
Total Liabilities & Equity	3,052	3,154	3,275	3,352	3,416
Total Debt	257.25	294.56	230.29	285.25	265.21
Net Cash (Debt)	460.65	325.69	355.24	111.26	466.29
Net Cash Growth	41.44%	-8.32%	219.28%	-76.14%	3.33%
Net Cash Per Share	0.63	0.45	0.47	0.15	0.64
Filing Date Shares Outstanding	675	675	750	750	750
Total Common Shares Outstanding	675	675	750	750	750
Working Capital	1,293	1,271	1,379	1,295	1,398
Book Value Per Share	3.15	3.19	3.07	3.04	3.09
Tangible Book Value	2,118	2,143	2,289	2,265	2,301
Tangible Book Value Per Share	3.14	3.17	3.05	3.02	3.07
Land	183.85	183.31	182.89	182.89	295.44
Buildings	1,023	1,013	998.03	995.78	1,007
Machinery	579.58	587.22	617.94	613.41	648.21
Construction In Progress	1.09	0.29	6.87	3.25	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.