S.A.F. Special Steel PCL (BKK:SAF)

S.A.F. Special Steel PCL Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	44.99	47.41	45	6.78	1.58	2.51
Short-Term Investments	0.52	0.52	0.51	0.51	0.5	0.5
Cash & Short-Term Investments	45.51	47.93	45.51	7.28	2.08	3.02
Cash Growth	22.43%	5.31%	524.98%	250.10%	-31.03%	-74.51%
Accounts Receivable	37.81	31.72	32.31	37.73	44.16	45.6
Other Receivables	0.25	0	0	2.98	1.38	1.3
Receivables	38.06	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	2.63	0.55	0.64	0.76	-	-
Other Current Assets	0.48	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

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	13.07	14.9	15.4	1.38	14.39	5.44
Accrued Expenses	1.24	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

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	106	93.9	103.92	115.01	152.54	136.26
Net Cash (Debt)	-60.48	-45.96	-58.4	-107.73	-150.46	-133.24
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.20	-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	-	-

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error