NL Development PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	192.05	275.79	233.51	127.36	61.66	80.53
Short-Term Investments	-	0.31	0.2	58.74	16.79	-
Trading Asset Securities	-	208.75	316.5	210.1	141.26	107.3
Cash & Short-Term Investments	192.05	484.85	550.21	396.2	219.71	187.82
Cash Growth	-63.72%	-11.88%	38.87%	80.33%	16.98%	-56.35%
Accounts Receivable	613.7	485.19	477.02	623.83	731.54	706.35
Other Receivables	-	4.69	11.16	3.93	2.39	5.49
Receivables	613.7	489.87	488.17	627.75	733.93	711.84
Inventory	61.97	66.27	110.74	84.69	77.47	86.87
Prepaid Expenses	-	10.13	7.15	6.58	6.8	7.33
Other Current Assets	209.56	33.27	20.16	30.71	9.89	19.46
Total Current Assets	1,077	1,084	1,176	1,146	1,048	1,013
Property, Plant & Equipment	188.81	189.28	194.43	180.42	185.16	199.01
Other Intangible Assets	7.2	7.6	9.5	11.35	12.4	13.69
Long-Term Accounts Receivable	24.51	25.65	12.66	33.13	16.18	100.36
Long-Term Deferred Tax Assets	2.45	2.32	1.41	2.33	0.45	2.81
Other Long-Term Assets	71.14	65.75	96.4	70.61	72.56	88.39
Total Assets	1,371	1,375	1,491	1,444	1,335	1,418
Accounts Payable	420.55	324.67	315.89	527.02	448.1	405.49
Accrued Expenses	-	7.39	12.67	27	22.78	13.81
Current Portion of Leases	2.49	1.72	3.35	3.3	1.38	1.58
Current Income Taxes Payable	-	-	-	-	-	2.82
Current Unearned Revenue	83.02	95.57	157.72	143.8	135.32	169.67
Other Current Liabilities	-	68.88	78.91	86.87	83.54	70.06
Total Current Liabilities	506.05	498.24	568.54	788	691.11	663.43
Long-Term Leases	9.67	8.77	12.11	15.6	11.84	3.92
Pension & Post-Retirement Benefits	36.87	35.6	28.13	24.15	21.73	29.88
Other Long-Term Liabilities	44.77	53.28	66.04	76.81	49.77	100.69
Total Liabilities	597.36	595.89	674.83	904.56	774.45	797.92
Common Stock	500	500	500	370	370	350
Additional Paid-In Capital	199.13	199.13	199.13	-	-	-
Retained Earnings	55.47	60.55	97.45	149.8	170.68	249.85
Comprehensive Income & Other	19.42	19.42	19.42	19.42	19.42	19.45
Total Common Equity	774.02	779.1	815.99	539.22	560.1	619.3
Minority Interest	0	0	0	0	0	0.37
Shareholders' Equity	774.02	779.1	815.99	539.22	560.1	619.67
Total Liabilities & Equity	1,371	1,375	1,491	1,444	1,335	1,418
Total Debt	12.15	10.5	15.46	18.9	13.22	5.5
Net Cash (Debt)	179.89	474.35	534.74	377.3	206.49	182.32
Net Cash Growth	-65.05%	-11.29%	41.73%	82.72%	13.26%	-57.30%
Net Cash Per Share	0.36	0.95	1.10	1.02	0.58	0.52
Filing Date Shares Outstanding	500	500	500	370	370	350
Total Common Shares Outstanding	500	500	500	370	370	350
Working Capital	571.23	586.15	607.88	357.93	356.69	349.89
Book Value Per Share	1.55	1.56	1.63	1.46	1.51	1.77
Tangible Book Value	766.82	771.5	806.49	527.87	547.7	605.61
Tangible Book Value Per Share	1.53	1.54	1.61	1.43	1.48	1.73
Land	-	57	57	57	57	57
Buildings	-	133.28	132.79	132.74	132.74	42.79
Machinery	-	220.75	210.77	190.19	183.23	278.64
Construction In Progress	-	0.09	-	0.74	-	-

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