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 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	44.99	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	44.99	47.93	45.51	7.28	2.08	3.02
Cash Growth	21.03%	5.31%	524.98%	250.10%	-31.03%	-74.51%
Accounts Receivable	40.69	31.72	32.31	37.73	44.16	45.6
Other Receivables	-	0	0	2.98	1.38	1.3
Receivables	40.69	31.73	32.31	40.71	45.54	46.9
Inventory	126.83	121.01	132.66	151.21	133.66	112.05
Prepaid Expenses	-	0.55	0.64	0.76	-	-
Other Current Assets	1	0.24	0.38	1.67	0.09	0.09
Total Current Assets	213.52	201.45	211.51	201.63	181.37	162.06
Property, Plant & Equipment	166.49	167.55	174.24	167.09	96.26	102.04
Other Intangible Assets	2.53	2.74	3.07	3.66	1.35	1.5
Long-Term Deferred Tax Assets	3.06	3.06	2.2	1.66	1.41	-
Other Long-Term Assets	10.27	10.08	10.1	30.1	30.08	31.73
Total Assets	395.87	384.89	401.11	404.15	310.47	297.33
Accounts Payable	14.31	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	80.34	65.83	64.69	97.64	132.63	109.55
Current Portion of Long-Term Debt	6.1	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	0.29	0.37	0.7	1.94	1.53	0.74
Total Current Liabilities	101.03	88.93	92.42	108.87	155.81	125.2
Long-Term Debt	19.56	20.64	28.07	9.94	13.78	19.11
Long-Term Leases	-	-	-	-	0.09	0.8
Pension & Post-Retirement Benefits	8.56	8.36	7.41	7.08	5.89	7.25
Total Liabilities	129.15	117.93	127.9	125.9	175.57	152.37
Common Stock	150	150	150	150	110	90
Additional Paid-In Capital	113.11	113.11	113.11	113.11	-	-
Retained Earnings	3.6	3.85	10.1	15.14	24.9	54.96
Shareholders' Equity	266.72	266.96	273.21	278.25	134.9	144.96
Total Liabilities & Equity	395.87	384.89	401.11	404.15	310.47	297.33
Total Debt	106	93.9	103.92	115.01	152.54	136.26
Net Cash (Debt)	-61	-45.96	-58.4	-107.73	-150.46	-133.24
Net Cash Per Share	-0.19	-0.15	-0.19	-0.36	-0.72	-0.74
Filing Date Shares Outstanding	300	300	300	300	220	180
Total Common Shares Outstanding	300	300	300	300	220	180
Working Capital	112.48	112.52	119.08	92.76	25.56	36.85
Book Value Per Share	0.89	0.89	0.91	0.93	0.61	0.81
Tangible Book Value	264.19	264.22	270.14	274.58	133.55	143.46
Tangible Book Value Per Share	0.88	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	-	-