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	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	47.41	45	6.78	1.58	2.51
Short-Term Investments	0.52	0.51	0.51	0.5	0.5
Cash & Short-Term Investments	47.93	45.51	7.28	2.08	3.02
Cash Growth	5.31%	524.98%	250.10%	-31.03%	-74.51%
Accounts Receivable	31.72	32.31	37.73	44.16	45.6
Other Receivables	0	0	2.98	1.38	1.3
Receivables	31.73	32.31	40.71	45.54	46.9
Inventory	121.01	132.66	151.21	133.66	112.05
Prepaid Expenses	0.55	0.64	0.76	-	-
Other Current Assets	0.24	0.38	1.67	0.09	0.09
Total Current Assets	201.45	211.51	201.63	181.37	162.06
Property, Plant & Equipment	167.55	174.24	167.09	96.26	102.04
Other Intangible Assets	2.74	3.07	3.66	1.35	1.5
Long-Term Deferred Tax Assets	3.06	2.2	1.66	1.41	-
Other Long-Term Assets	10.08	10.1	30.1	30.08	31.73
Total Assets	384.89	401.11	404.15	310.47	297.33
Accounts Payable	14.9	15.4	1.38	14.39	5.44
Accrued Expenses	0.4	0.48	0.49	0.76	0.9
Short-Term Debt	65.83	64.69	97.64	132.63	109.55
Current Portion of Long-Term Debt	7.43	11.15	7.33	5.33	5.79
Current Portion of Leases	-	-	0.09	0.71	1
Current Income Taxes Payable	-	-	-	0.47	1.78
Other Current Liabilities	0.37	0.7	1.94	1.53	0.74
Total Current Liabilities	88.93	92.42	108.87	155.81	125.2
Long-Term Debt	20.64	28.07	9.94	13.78	19.11
Long-Term Leases	-	-	-	0.09	0.8
Pension & Post-Retirement Benefits	8.36	7.41	7.08	5.89	7.25
Total Liabilities	117.93	127.9	125.9	175.57	152.37
Common Stock	150	150	150	110	90
Additional Paid-In Capital	113.11	113.11	113.11	-	-
Retained Earnings	3.85	10.1	15.14	24.9	54.96
Shareholders' Equity	266.96	273.21	278.25	134.9	144.96
Total Liabilities & Equity	384.89	401.11	404.15	310.47	297.33
Total Debt	93.9	103.92	115.01	152.54	136.26
Net Cash (Debt)	-45.96	-58.4	-107.73	-150.46	-133.24
Net Cash Per Share	-0.15	-0.19	-0.36	-0.72	-0.74
Filing Date Shares Outstanding	300	300	300	220	180
Total Common Shares Outstanding	300	300	300	220	180
Working Capital	112.52	119.08	92.76	25.56	36.85
Book Value Per Share	0.89	0.91	0.93	0.61	0.81
Tangible Book Value	264.22	270.14	274.58	133.55	143.46
Tangible Book Value Per Share	0.88	0.90	0.92	0.61	0.80
Land	87.07	87.07	87.07	59.5	59.5
Buildings	74.18	73.85	33.65	33.65	33.65
Machinery	65.56	59.86	55.29	56.63	49.39
Construction In Progress	-	11.68	47.6	-	-

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