Make To Win Holding 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	3.75	1.17	0.84	159.93	9.87
Cash & Short-Term Investments	3.75	1.17	0.84	159.93	9.87
Cash Growth	219.72%	40.39%	-99.48%	1520.98%	167.66%
Accounts Receivable	15.08	2.53	15.91	9.83	0.53
Other Receivables	68.14	38.48	57.54	10.66	1.55
Receivables	101.71	41.01	73.45	20.49	2.08
Inventory	305.6	381.65	383.43	238.67	162.89
Prepaid Expenses	1.9	1.44	0.89	0.52	0.35
Other Current Assets	10.3	18.06	32.08	0.09	0.04
Total Current Assets	423.26	443.33	490.69	419.7	175.22
Property, Plant & Equipment	452.81	386.89	420.38	275.06	207.19
Other Intangible Assets	2.48	2.9	2.26	0.96	0.99
Long-Term Deferred Tax Assets	3.85	2.57	1.87	1.14	0.55
Other Long-Term Assets	156.25	97.46	35.65	37.44	0.84
Total Assets	1,039	933.16	950.85	734.29	384.8
Accounts Payable	1.52	0.7	3	1.97	4.48
Accrued Expenses	3.08	2.49	4.35	7.39	1.88
Short-Term Debt	135.08	277.43	244.39	93.79	44.78
Current Portion of Long-Term Debt	59.71	12.05	12.6	12.6	-
Current Portion of Leases	2	2.91	2.28	1.14	0.36
Current Income Taxes Payable	-	0.13	4.37	1.43	4.43
Current Unearned Revenue	0.93	2.24	8.35	15.67	1.23
Other Current Liabilities	49.05	12.76	17.15	3.81	0.98
Total Current Liabilities	251.37	310.72	296.49	137.8	58.12
Long-Term Debt	-	3.91	14.51	25.09	-
Long-Term Leases	1.4	3.38	4.6	1.92	0.34
Pension & Post-Retirement Benefits	3.74	3.39	2.31	1.79	1.6
Other Long-Term Liabilities	0.22	-	-	-	-
Total Liabilities	256.72	321.4	317.91	166.6	60.06
Common Stock	439.63	337	337	337	250
Additional Paid-In Capital	227.49	156.01	156.01	156.01	-
Retained Earnings	34.45	55.34	75.5	21.31	39.94
Comprehensive Income & Other	-0.02	-0.02	-0.02	-0.02	-
Total Common Equity	701.56	548.33	568.49	514.3	289.94
Minority Interest	80.37	63.43	64.45	53.4	34.8
Shareholders' Equity	781.93	611.75	632.94	567.7	324.73
Total Liabilities & Equity	1,039	933.16	950.85	734.29	384.8
Total Debt	198.19	299.68	278.38	134.53	45.48
Net Cash (Debt)	-194.44	-298.51	-277.55	25.4	-35.61
Net Cash Per Share	-0.24	-0.44	-0.41	0.05	-0.07
Filing Date Shares Outstanding	879.26	674	674	674	500
Total Common Shares Outstanding	879.26	674	674	674	500
Working Capital	171.9	132.61	194.2	281.9	117.1
Book Value Per Share	0.80	0.81	0.84	0.76	0.58
Tangible Book Value	699.08	545.42	566.23	513.34	288.95
Tangible Book Value Per Share	0.80	0.81	0.84	0.76	0.58
Land	150.06	140.64	150.98	60.67	63.54
Buildings	284.02	228.92	245.45	126.86	172.24
Machinery	63.76	47.08	44.63	26.86	26.75
Construction In Progress	0.48	0.26	0.35	108.11	-

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