S.A.F. Special Steel PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	56.79	45	6.78	1.58	2.51	0.33
Short-Term Investments	0.51	0.51	0.51	0.5	0.5	11.5
Cash & Short-Term Investments	57.3	45.51	7.28	2.08	3.02	11.83
Cash Growth	913.88%	524.98%	250.10%	-31.03%	-74.51%	1066.94%
Accounts Receivable	30.94	32.31	37.73	44.16	45.6	41.03
Other Receivables	0.03	0.64	5.18	1.38	1.3	0.52
Receivables	30.97	32.95	42.91	45.54	46.9	41.55
Inventory	119.6	132.66	151.21	133.66	112.05	106.84
Other Current Assets	0.21	0.38	0.22	0.09	0.09	0.08
Total Current Assets	209.39	211.51	201.63	181.37	162.06	160.3
Property, Plant & Equipment	169.02	174.24	167.09	96.26	102.04	108.62
Other Intangible Assets	2.95	3.07	3.66	1.35	1.5	2.28
Long-Term Deferred Tax Assets	2.79	2.2	1.66	1.41	-	1.55
Other Long-Term Assets	10.07	10.1	30.1	30.08	31.73	30.07
Total Assets	394.21	401.11	404.15	310.47	297.33	302.82
Accounts Payable	13.02	15.4	1.38	14.39	5.44	13.93
Accrued Expenses	1.92	0.48	0.49	0.76	0.9	0.49
Short-Term Debt	72.06	64.69	97.64	132.63	109.55	133.88
Current Portion of Long-Term Debt	8.76	11.15	7.33	5.33	5.79	0.93
Current Portion of Leases	-	-	0.09	0.71	1	1.59
Current Income Taxes Payable	-	-	-	0.47	1.78	0.25
Current Unearned Revenue	-	-	-	-	-	0
Other Current Liabilities	0.77	0.7	1.94	1.53	0.74	0.82
Total Current Liabilities	96.54	92.42	108.87	155.81	125.2	151.89
Long-Term Debt	21.72	28.07	9.94	13.78	19.11	0.9
Long-Term Leases	-	-	-	0.09	0.8	1.81
Pension & Post-Retirement Benefits	7.98	7.41	7.08	5.89	7.25	7.09
Total Liabilities	126.24	127.9	125.9	175.57	152.37	161.69
Common Stock	150	150	150	110	90	90
Additional Paid-In Capital	113.11	113.11	113.11	-	-	-
Retained Earnings	4.86	10.1	15.14	24.9	54.96	51.13
Shareholders' Equity	267.97	273.21	278.25	134.9	144.96	141.13
Total Liabilities & Equity	394.21	401.11	404.15	310.47	297.33	302.82
Total Debt	102.55	103.92	115.01	152.54	136.26	139.1
Net Cash (Debt)	-45.25	-58.4	-107.73	-150.46	-133.24	-127.27
Net Cash Per Share	-0.15	-0.19	-0.36	-0.72	-0.74	-0.71
Filing Date Shares Outstanding	300	300	300	220	180	180
Total Common Shares Outstanding	300	300	300	220	180	180
Working Capital	112.84	119.08	92.76	25.56	36.85	8.42
Book Value Per Share	0.89	0.91	0.93	0.61	0.81	0.78
Tangible Book Value	265.03	270.14	274.58	133.55	143.46	138.85
Tangible Book Value Per Share	0.88	0.90	0.92	0.61	0.80	0.77
Land	-	87.07	87.07	59.5	59.5	59.5
Buildings	-	73.85	33.65	33.65	33.65	33.65
Machinery	-	59.86	55.29	56.63	49.39	49.61
Construction In Progress	-	11.68	47.6	-	-	-

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